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Financial Awareness Day – preparing for what’s next 

  • 3 minute read
Financial Awareness Day on 14 August offers the perfect opportunity to step back and review your finances before everyday routines begin again after the summer. Whether you're returning from holidays, supporting family members or simply looking ahead to the coming months, it's a natural time to reflect on what's next. 

Are your finances ready for the retirement you’re working towards? 

For many people, retirement is no longer a distant goal. It may be only a few years away. You might be considering when to reduce your working hours, how your pension will provide an income or what lifestyle you’d like to enjoy in the years ahead. Now is the ideal time to review your plans while there’s still flexibility to make meaningful changes. 

What does good financial health really mean? 

Financial health isn’t about having a certain salary or reaching a particular savings target. It’s about feeling confident that your money is working for you. That means understanding where you are today, knowing what you’re working towards and making informed decisions that support your goals. 

Research1 found that 62% of UK adults have financial worries, while almost eight in ten of those say those concerns affect their mental wellbeing. Many also report disrupted sleep and increased stress. It’s a reminder that financial wellbeing and overall wellbeing are closely connected. 

When did you last review your finances? 

Just as we book health checks or dental appointments, our finances benefit from regular reviews too. 

It could be the ideal time to ask yourself: 

  • Do I know what income my pensions could provide?  
  • Am I making the most of my remaining working years?  
  • Is my investment strategy still appropriate?  
  • Have I considered how and when I’ll access my pensions?  
  • Am I financially prepared for the retirement I want? 

Is financial jargon holding you back? 

Money shouldn’t feel complicated. Yet research2 shows that half of UK adults say financial jargon discourages them from investing or doing more with their money, while more than two-thirds say they’d like their money to work harder but aren’t always sure where to begin. Financial planning shouldn’t leave you feeling overwhelmed. Good advice explains complex issues in straightforward language, helping you understand your options and make decisions with confidence. 

Why does professional advice matter? 

There’s no shortage of financial information online, from social media and podcasts to AI-powered tools. They can’t replace advice that’s tailored to your personal circumstances. Advice at this stage isn’t simply about building wealth. It’s about turning years of saving into a sustainable retirement plan. 

Your Finli planner can help you understand your options, manage tax efficiently and make informed decisions about pensions, investments and retirement income, giving you confidence as retirement approaches. 

Could this be your financial reset? 

Financial Awareness Day isn’t about making perfect financial decisions overnight. It’s simply an opportunity to stop, reflect and make sure your money is supporting the future you want. 

With retirement becoming more tangible, now is the ideal time to review your plans. Whether you’re refining your retirement strategy or simply want reassurance that you’re on track, your Finli planner can help you approach the future with greater confidence and clarity. 

1 SPW, 2Zopa  

The value of investments can go down as well as up, and you may not get back the full amount you invested. The past is not a guide to future performance and past performance may not necessarily be repeated.  

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