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POUND NOTES

Document Cited in Related
Vincent
Published date01 April 2024
Publication titleHuddersfield Daily Examiner
More than two-fifths (43%) of 35-54-year-olds haven't yet ticked off money planning tasks such as paying into a private pension, according to a survey for money advice firm Octopus Money. One third (33%) of those aged 55-plus say the same

Kelly Atkins, head coach at Octopus Money, shares her advice for every stage of life... IN YOUR 20S ¦ Kelly suggests trying to build an emergency fund - typically enough to cover around three months' worth of outgoings. ¦ Pay down non-mortgage debts. ¦ Understand your workplace pension, "Your future self will thank you if you make the most of this while you're young," she adds. IN YOUR 30S ¦ Consider saving towards future goals. "If your goals are more than five years away investing could be a good option," suggests Kelly. However, remember that the value of investments can go down as well as up.

¦ Writing a will could also be a consideration, says Kelly, adding: "From the point when you have assets to pass on, you should start making it clear (legally) who you would like to benefit from these."

At...

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