KEY TIPS TO HELP PROTECT YOUR FINANCES

CONSIDER income protection insurance to cover loss of income if you cannot work due to an accident or illness. Some policies also pay out for redundancy.

REVIEW life insurance to ensure it gives enough cover, particularly if circumstances have recently changed.

CHECK that your will is up to date – write one if you haven’t got one.

BUILD an emergency savings fund to fall back on if you lose your job or face an income cut.

SHOP around to check you are on the best deal for energy, broadband, car insurance and home insurance.

USE any cash left over each month to pay down debt, top up your pension – or overpay on your mortgage.

REVIEW your investments to assess whether you need to rebalance your portfolio.