Welcome to your 50s – the perfect time to take a good look at your finances and make sure you are making the right decisions.

That could mean maximising your savings to open up opportunities for great adventures, like ticking off dream travel destinations and bucket list goals. Perhaps it’s about focusing on clearing the mortgage or other debts. Or maybe you want to grow your nest egg or nail down your pension planning - maybe even aiming for early retirement. Whatever the vision, getting a handle on your finances now is a smart move.

The financial services industry actually seems to get it. They recognise that we might have different priorities than we had in our 30s or 40s, which is why they offer plenty of over-50s options across a range of products. It’s a time to look for better deals, specialist plans that make sense, and a chance to make your money work for what really matters.

Insurance

You’ve built a lot over the years, so protecting it matters. From your health and home, to travel, cars, and pets, the right insurance can help smooth out life’s unexpected bumps. It can give you confidence that whatever comes next, you and those you care about most are looked after. You’re then all set to focus on enjoying everything you’ve worked for.

Health insurance

For many of us, reaching our 50s is a time when health and wellbeing move higher up the priority list. Health insurance often provides faster access to consultations, tests and treatment for conditions covered by your policy.

Get cover that puts your health first

Life insurance

Over-50s life insurance gives you a straightforward way to protect your loved ones and your plans. Whether it’s covering expenses, supporting family, or leaving a legacy, it’s about having security and control, so you can focus on living life your way.

Protect the people who matter most to you

Home insurance

Get cover for the property you’ve worked so hard for. Home insurance keeps your home and possessions safe from the unexpected. It covers theft, and damage from water leaks, fire, floods, storms and more, so you can enjoy your home with less worry.

Protect your home and the memories in it

Travel insurance

Got a bit more time now to explore the UK or maybe the world? Over-50s travel insurance helps keep you covered on adventures big and small, whether it’s a bucket-list trip, a family visit abroad, or just a weekend city or country break.

Travel smarter with over-50s cover

Pet insurance

Ever had a “how much?!” moment at the vets? Pet insurance can help take the sting out of treatment costs when your pet needs care, whether it’s a one-off emergency, ongoing treatment, or longer-term conditions.

Keep your best friend healthy

Car insurance

Look for options that suit your driving style, protect your vehicle and keep costs manageable. Whether it’s your everyday car, a classic, or a second car you don’t drive every day, look for extras focused on drivers with years of experience.

Get covered for every journey

Mortgages

We’d all like to be mortgage-free in our 50s, but that’s not the case for millions of us. The reality is that a mortgage can run into or even past retirement, so it may need a little thought and shopping around to borrow in the way that works best. That might mean looking for a better deal on your current mortgage, moving home, buying an investment property or exploring later life mortgage options. Whatever the case, there will be an option that supports your circumstances and goals.

Mortgages

Moving, downsizing or remortgaging? A cracking mortgage deal can make life a lot easier. The right one can help you manage payments comfortably, buy a holiday home, or release funds for home improvements or debt consolidation, keeping your finances on track and your future secure.

Find a mortgage deal that works for you

Equity release

Equity release is for over 55s who need help to find financial freedom without regular repayments or having to sell up and move. It can bring you extra income, clear the existing mortgage, fund home renovations, gift a lump sum to family members, or even book that dream holiday.

Check if you could free up cash for your goals

Equity release calculator

Want to see what the equity in your home could do for you? Use this calculator to estimate how much cash you might unlock with equity release, helping you fund home improvements, lifestyle goals, or even gifts for loved ones.

See how much cash you could unlock

Borrowing

Sensible borrowing can help you move plans forward in your 50s. From a range of loans to a whole host of credit cards, you can achieve those big goals. Or – if reducing debt is top of your list – look at shifting balances to lower or 0% rates, giving you a clearer, faster route to paying off debt while keeping your wider financial plans on track.

Loans

Need a little extra cash for a big project or life’s surprises? Like home improvements, travel or unexpected costs that crop up? A personal loan can give you the funds you need without dipping into your savings or borrowing more on the mortgage.

Arrange some extra cash to tick off your plans.

Credit cards

The right credit card can give you perks, rewards and flexibility. Find one that suits your spending style, and look out for perks like travel points, cashback on essentials, or boosting your credit for larger purchases.

Find a card that suits your spending style.

Everyday banking and saving

These are the unsung heroes of your finances. The right current accounts can make life easier, help you manage income and spending, and grow cash quietly in the background. And savings accounts can help you build a nest egg, put money away for luxuries like a great holiday, or save for family milestones like your child’s first car or a deposit on their first home.

Current accounts

Look for features and perks that make managing day-to-day money simpler and more convenient. That can mean flexible overdraft options, apps with handy features and extra support for online banking.

Pick an account that works hard for your money

Savings accounts

Whether it’s for short-term goals or building part of your retirement nest egg, the right savings accounts can help your money grow safely. They bring peace of mind by setting money aside for emergencies, as well as building funds for life’s luxuries.

Grow your nest egg for milestones, holidays and more

Retirement income

This is where years of saving start to turn into real-life income. From the age of 55 (rising to 57 from 2028), you can start accessing your defined contribution pension fund if you wish – opening up choices about how and when you use that money. Whether you want a guaranteed income or the flexibility to access your pension savings when you wish, these options help turn years of hard work into money you can enjoy.

Pension annuities

Looking for a guaranteed income in retirement? An annuity could be just the ticket to financial peace of mind, helping you budget confidently and make the most of every day without money worries.

See how much annuity income you could get

Income drawdown

Want flexibility with your pension? Drawdown lets you keep your pot invested and take income as needed. Ideal if you want control over your savings, as long as you are OK with some investment risk.

Discover if drawdown could work for you

Pension annuity calculator

Curious how much guaranteed income your pension could give you from age 55? This tool helps you explore your options, so you can see what your pension pot could deliver and plan your retirement with confidence.

Calculate your annuity income

Useful guides for over 50s

Looking to make your money work a little harder? Our guides focus on the things that really matter in your 50s – from starting to plan how to make the most of your pension savings to making sure your life insurance is covering you properly. Clear, practical tips help you feel in control and make confident choices.

What affects annuity rates?

If you buy an annuity with your pension savings, the annuity rate you are offered will determine how much income you receive. Check out our guide to how your age, health and lifestyle affect your rate and income.

How does Uncrystallised Funds Pension Lump Sums (UFPLS) work?

If you have pension savings to access, UFPLS is an alternative to annuities and drawdown. It’s a flexible way to keep control over your pension and take money in lump sums, but it does involve investment risk.

Health insurance and pre-existing conditions

Having a condition such as asthma or high blood pressure doesn’t automatically mean you can’t get health insurance, but it may influence the cost of your policy or the terms offered.