As the uncertainty surrounding international travel prevails, it’s understandable that there has been an 800% rise in Brits searching for ‘Staycation UK’ in recent weeks1.
Closer to home
It seems that the pandemic is prompting us to rediscover and appreciate what’s on our doorstep. This attitude extends to our finances too. Over the years, life ramps up a notch and it’s easy to lose track of monetary matters. If this sounds familiar, you’re certainly not alone; one in five savers have lost track of a pension pot, a situation likely to worsen. Meanwhile, 43% of us have lost track of a bank account, 17% don’t know what’s happened to their Premium Bonds and 15% have been separated from an ISA2 – leaving them unnecessarily out of pocket.
Back in the driving seat
Taking stock of your finances and appreciating what you already have can give you a sense of financial control during uncertain times. If you feel like you need to tighten your grip on your finances, a review can help you make the most of what you already have and set you up to plan ahead and fill any gaps in your financial armour. Before setting off on an autumn staycation, contact us to get reacquainted with your finances.
A pension is a long-term investment. The fund value may fluctuate and can go down. Your eventual income may depend on the size of the fund at retirement, future interest rates and tax legislation. The value of investments and income from them may go down. You may not get back the original amount invested.