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 and information in your myFund account, to take stock of where you are now and make sure you’re prepared for the future ahead. This includes the Retirement Budgeting Calculator, which will help you work out how much income you might need in retirement to enjoy the lifestyle you hope for.

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Each of Railpen Limited (registered in England and Wales No. 2315380) and Railway Pension Investments Limited (RPIL) (Registered in England and Wales No. 1491097) is a wholly owned subsidiary of Railways Pension Trustee Company Limited (Registered in England and Wales No. 2934539). Registered office for each company: 100 Liverpool Street, London EC2M 2AT. RPIL is authorised and regulated by the Financial Conduct Authority for some of its activities. The administration of occupational pension schemes is not a regulated activity. Full details about the extent of RPIL's authorisation and regulation by the Financial Conduct Authority are available from us on request.