The link between money and wellbeing
According to the Money and Mental Health Policy Institute, 39% of people with mental health challenges say money worries made things worse. And 41% of employees1 cite financial pressures as a top external stressor. The lesson is clear – uncertainty around finances can weigh heavily, even in later career stages.
Why resilience matters
Financial resilience is about confidence. As retirement nears, it means knowing that your income, assets and plans are aligned, so that you can adapt if tax rules change, markets shifts or unexpected events occur. A clear plan can ease anxiety and allow you to focus on the life you want after work.
How advice can help to ease pressure
- Clarity – understanding how pensions, investments and allowances fit together
- Personalisation – structuring plans around your retirement goals
- Flexibility – preparing for unexpected expenses or policy changes
- Support – reassurance from your financial planner when making decisions about retirement timing or inheritance planning.
This combination of practical and emotional support can bring real comfort, helping you feel more in control of both your finances and your future.
Practical steps to build resilience today
- Check pension contributions and withdrawals – ensure they are tax-efficient
- Review capital gains and allowances – make use of current rules
- Update inheritance planning – to reflect your wishes for family or beneficiaries
- Simplify – consolidating pensions or investments could make things less complicated and reduce worry.
Looking ahead with confidence
World Mental Health Day acts as a reminder that peace of mind comes from preparation. With the help of your financial planner, you can move into retirement with confidence that your wealth will support your lifestyle and protect the legacy you want to leave behind.
1 MHFA England, 2024