The link between money and wellbeing
Research by the Money and Mental Health Policy Institute shows nearly 39% of people with mental health challenges feel money worries made things worse, while 41% of employees1 report financial pressures affect their wellbeing. Even in retirement, financial uncertainty can disrupt peace of mind.
Why resilience matters
Financial resilience in later years is about stability; ensuring your income is sustainable, your assets are structured tax-efficiently and your legacy is protected. When these elements are in place, you can focus on enjoying the freedom retirement offers.
How advice helps ease pressure
- Clarity – understanding the balance between spending and preserving assets
- Personalisation – tailoring plans for lifestyle, healthcare and family goals
- Flexibility – adjusting as needs or circumstances evolve
- Support – guidance on passing wealth efficiently to the next generation.
The combination of practical and emotional support can bring real comfort, helping you feel more in control.
Practical steps to build resilience today
- Review pension withdrawals – check they’re sustainable and tax-efficient
- Update inheritance planning – ensure Wills, trusts and nominations reflect your wishes
- Consider gifting strategies – to reduce Inheritance Tax where appropriate
- Revisit protection needs – from healthcare costs to long-term care.
Looking ahead with confidence
World Mental Health Day is a reminder that financial wellbeing supports emotional wellbeing too. Expert advice from your financial planner, can help you to feel secure in enjoying retirement, confident that your money will sustain your lifestyle and provide a legacy for those who matter most.
1 MHFA England, 2024