This stage in your financial lifecycle often focuses on paying off debts and accumulating wealth. Financial wellbeing is an important part of enjoying a satisfying and healthy life and it's now important to carefully set some of your income aside for the future. The earlier you start saving and the more you can save, the better shape your financial assets are likely to be in when you need to draw on them.

Generating a good investment return has never been a simple matter and there are various factors that can influence your investment strategy, including your own goals and objectives, the level of risk you can accept, tax matters and the ongoing management of your investment.

When the time comes to draw money from your pension pot, careful retirement planning is needed to ensure you have sufficient income for now and your longer-term future, managed in the most tax-efficient way. The greater the value of your investments, the better your chances of enjoying a financially comfortable retirement.

At this stage of life, you should also ensure your estate is in good order to ensure you can pass your assets on to the people you love in the most tax efficient way. You should consider:

• A Will
• Lifetime gifts
• Trusts
• Exemptions and reliefs
• Tailored investment products
• Pension arrangements
• Life assurance