Life stages

Wealth Protection  |  Wealth Creation  |  Wealth Management

Life is a journey which can, largely, be plotted in terms of moments and milestones, and you can use this to create a successful financial plan.

Life stage: Birth-age 30

While it would be great to be solely supported by our parents forever, the day inevitably comes when we reach adulthood and have to start making financial decisions of our own. So much happens at the birth-30 life stage, with milestones such as moving out of home, buying our first car, completing higher education, getting our first job. These early years are crucial to getting your financial life cycle off to the healthiest start, and saving for short and medium term goals while you are relatively independent should begin in earnest. Saving for retirement may not yet be a priority, but this is a good time to start saving for a house deposit and getting married. This is also an opportune time to dip your toe in the water when it comes to investing for longer term goals.

TIP: Saving is a habit. The earlier we start, the better. The moment you get your first job, get used to putting at least 10% of your salary into savings. Remember, growing your savings isn’t solely about earning more. It’s also about buying the products and services you want at the best price possible.

Life stage: Age 30-40

This period of our life tends to find us getting married, buying or renting a home, changing jobs and starting a family. All these milestones have financial implications, including mortgage payments, but if you have started good saving habits, you are in a better position to finance these without slipping into debt. You might find yourself better off in terms of salary and this is the time to seriously start looking at investing for longer term goals such as your own children’s education and special events such as family holidays and even your children’s weddings. This is also the time to start looking at protection for your family and lifestyle, putting policies and a will in place to provide peace of mind and security in the event of illness, an injury through accident or death.

TIP: Much like a house needs to be built on solid foundations, so do your finances. Start planning early and refine regularly.

Life stage: Age 40-55

At this stage of your life, you may find yourself being promoted, giving you a higher salary and more disposable income. This is, therefore, the opportune time to make sure you have the right pensions in place and ramp up your investments to give you the life you want in retirement. At this life stage, you may also be making the leap and setting up your own business, which has many financial implications of its own. You may need a business mortgage, pensions and benefits for employees, as well as continuity and succession planning should key employees who are vital to the running of the business are not able to work and ensure your business stays a success after you are gone. You may want to set up protection for redundancy, just in case.

TIP: Review and refine your existing plans and ensure you are utilising all tools in the toolbox, particularly as your wealth grows. You work hard for your money, so get your money working hard for you.

Life stage: Pre-retirement

Retirement is close and you can almost feel the wind in your hair aboard that yacht. However, if you do not review your financial plans and dot the Is and cross the Ts at this juncture, you may not be fully prepared when the day you can hang up your work hat finally comes. Expert financial advice is absolutely vital at this life stage, ensuring your lifestyle is what you want it to be in retirement, that you have protection and security in your twilight years. Making the right choices here is crucial. Things to consider include your residential status, are you still paying your mortgage or are mortgage-free, do you have any debt, how much is in your pension pot and how much state pension will you get. The answers to these questions may influence whether you decide to delay retirement or change tactics in terms of your investments. Remember, waiting for retirement to plan your retirement may be too late.

TIP: If you have not done so already, think about the lifestyle you would want when you retire. How much will income will you need to fund those dreams. Plan and prepare a retirement budget and maximise your pension provisions while you still can.

Life stage: At retirement

Finally, what you have been waiting for. The time for you to retire is here! If your finances are in great shape, you can do so much more with this stage of your life, explore new challenges, start new hobbies, achieve longstanding life goals. Or maybe, you do not wish to fully retire. You may simply want to reduce the number of hours worked and supplement this lost income with your pension. So, where do you start? For many, the traditional option was to simply select an annuity. This, however, is not always the best or most tax efficient option. With so many options available now, choosing the right plan can be mind boggling and it is vital to ensure you select the most appropriate one to ensure you can fully enjoy your retirement, however long it may be.

Tip: At retirement, it is not simply about choosing the right option to get you on your way. Subject to your circumstances, this may need continuous monitoring and refining to ensure your chosen plan continues to meet your needs throughout retirement.
Want to know more about financial planning for your life stages?

We can help with:

  • Workplace pensions (auto enrolment)
  • Director’s pensions
  • Continuity planning
  • Succession planning
  • Employee benefits
  • Corporate investment

Ready to look at pensions for your employees or business continuity and succession planning? We welcome the opportunity to tell you more.

*The Financial Conduct Authority may not regulate some areas of commercial financial planning.


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Dr K V

Waseem is a great communicator and goes far beyond what is expected to help his clients. When there were multiple different companies for my payment protection, he went through it all and explained all the different options.

He spent time helping me find the plan that suited my work needs. He is very responsive to emails and always makes the effort to talk through all the documentation.

Chris Corney, homebuyer, London E17

I used Waseem to arrange the mortgage on my home.

His experience was very useful in getting the right product for me without wasting any time. His personal attention throughout was much appreciated.

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What I have enjoyed most about working with Waseem has been his patience and the feeling of not being pressured into any decisions.

Waseem takes the time to break down what he is advising and why he is advising it. He instills trust with his advice and I honestly feel like I am in safe hands.

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I would highly recommend working with Waseem, my expectations were met to a high standard. He is honest, reliable and trustworthy, regularly kept in touch to inform me of how things were progressing and made everything so easy to understand.

Waseem is a knowledgeable and professional financial adviser, he saved my family home and made my mother's retirement happen. I cannot thank him enough and give him 10/10.

Chris Corney, solicitor, Smithfield Partners Ltd

I have no hesitation in referring divorce and home-buying clients to Waseem for advice on mortgages and pensions. He is very approachable and talks to them in plain English.

He has the highest professional standards and I feel it reflects well on my reputation when I introduce people to him.

Amanda and Jackie Williams

Waseem was very constructive in the advice he gave us before we made our bridging finance application. He also kept us informed with the progress up to and including receipt of funds.

Subsequently, he provided sound advice regarding income protection and life cover.

We will work with him again, should the opportunity arise.