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Take a midlife MOT

Aug 18, 2023
It’s never too late to take control of your finances, and your future. If you’re aged 45-65, the Department for Work and Pensions (DWP) has created a new Midlife MOT website.

The Midlife MOT is specifically designed to help you in 3 key areas:

  • work
  • health and
  • money

It includes a new tool from the government’s MoneyHelper service, which will help you understand your current finances, and learn what you can do to improve your financial wellbeing from now until retirement.

The site also offers advice on things like finding work over 50, how to get a free NHS health check if you’re over 40 and where to go for financial support or help to get out of debt.

You can visit the site now to find out more.

The DWP’s Midlife MOT website is entirely free to use and brings together support from a range of organisations and charities, including the NHS, Mind, MoneyHelper, Citizens Advice and the Department for Work and Pensions’ find a job portal.

You can use it alongside the tools available in your myRPS account, to take stock of where you are now and make sure you’re prepared for the future ahead.

The tools in your myRPS account, include:

  • the Retirement Budgeting Calculator – to help you work out how much income you might need in retirement to enjoy the lifestyle you hope for
  • a Pension Planner for active DB members and a Retirement Modeller for IWDC members – these will give you an idea of what you might get when you retire
  • MoneyFit – a simple financial wellness tool designed to help you take practical steps to improve the way you manage money 

Log in or register for myRPS to try the tools today.

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