PRE-RETIREMENT

As family leaves home, expenditure on this element reduced to some extent, continuing whilst they find their feet and independence.

1. Grandchildren may come on the scene, so inheritance tax planning and related subjects may need to be considered from a different viewpoint.

2. Investment opportunities may be more available with more easily accessible funds.

3. Personal protection - life assurance, protection insurance (IPI) - should be kept up to date.

4. Pension provision should be kept up to date.

5. Wills should be reviewed and updated.

6. Long-term care should be considered now.

7. Private medical insurance should be investigated, if not already taken out.

8. Inheritances may affect plans.

REMEMBER You should not use any information contained on this page as the basis of any action until you have discussed matters with your financial adviser.