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Finance&Insurance

2021

Your financial future | #Savings

Contents

1 min read

About: Pandemic hits hard. Many people might lose their jobs. This video tries to show how you can overcome this troubled time and secure your future.


Video details & Credits:

  • Duration: 90 seconds
  • Format: 2d graphics with character animation
  • Type: Animated Explainer Video
  • Client: Fidelity International (UK)
  • Agency: Gray Media (UK)
  • Production: Darvideo Animation Studio | darvideo.tv
  • Timing: 4 weeks

Story: In these financially uncertain times, you can still take steps to secure your future. Even if you leave employment, remember that your retirement savings are still yours. You don’t lose them, so don’t neglect them.

Here are five ways you can give your future self a financial boost:

Step 1 Pay more into your pension - you get a 20% uplift on contributions up to £40,000 every year. If you pay £80 in, £100 is invested.

Step 2 Consider retiring later than planned. This will give you a few more years to contribute into your pension pot, reap the benefit of government tax relief on those contributions and potential investment growth, which can all help grow your retirement savings.

Step 3 Keep your Expression of Wish form up-to-date. This nominates who to pay your retirement savings to after you pass away. It takes just five minutes to make sure your loved ones are looked after for years to come.

Step 4 Still have money available to invest? What about an ISA? You can currently invest up to £20,000 in these tax efficient accounts.

Step 5 Have children? You can also invest up to £9,000 in a Junior ISA for your child or grandchildren. The world around us is constantly changing, but don’t let uncertainty derail your plans. Rather use it as an opportunity to lay foundations for a strong financial future.

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