Turning 55 in 2022?

May 2022
Birthday
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If you celebrate your 55th birthday in 2022, you’re in the company of a host of famous faces – including Julia Roberts, Jamie Foxx, Jason Statham, Nicole Kidman and Matt LeBlanc. But what else was going on in 1967? 

Sport
In the wake of England’s 1966 World Cup win; manager Alf Ramsey received a knighthood and captain Bobby Moore an OBE in the New Year Honours.  Celtic FC became the first British and Northern European team to reach a European Cup final and win it when they beat Inter Milan 2-1 in normal time and in the first all-London FA Cup Final, Tottenham Hotspur defeated Chelsea 2-1 at Wembley.

Politics
Parliament decided to nationalise 90% of the British steel industry and Harold Wilson announced in May that the UK was to apply for membership of the European Economic Community (EEC) a move which was vetoed for a second time later that year by French President Charles de Gaulle. Clement Attlee, former British Prime Minister died on 8 October, aged 74.

Popular Culture
The stop motion children’s TV show Trumpton first aired in 1967 and the fifth Bond film – You Only Live Twice – premiered in London. The Beatles released the iconic album Sgt. Pepper’s Lonely Hearts Club Band and Jimi Hendrix set fire to his guitar for the first time at the Astoria Theatre, Finsbury Park, London and was taken to hospital to be treated for burns to his hands. The first scheduled colour television broadcasts began with live coverage from the Wimbledon Championships on BBC2, before the launch of a full colour service (except for news) on the channel in December. Sandie Shaw won the Eurovision Song Contest for the UK with Puppet on a String and the Concorde supersonic aircraft was unveiled in Toulouse, France.

Finance
The first automatic cash machine was installed in the office of Barclays Bank in Enfield. The pound was devalued from 1GBP = 2.80 USD to 1GBP = 2.40 USD with Prime Minister Harold Wilson defending the decision saying it would address the root cause of the country’s economic problems. A pint of milk cost 10d (57p in today’s money), a pint of beer 2s 6d (£1.70) an automatic washing machine £84 (£1,600) and a Ford Cortina £699 (£9,500). The average house price was £3,698 (£50,000).

On a serious note
Now that you’re 55, it’s a good time to think about the future and in particular your plans for retirement. You may know exactly what you want to do and when and how much income you’ll need to do it, or you may feel unable to think that far ahead. Don’t forget that LEBC can help you to plan for the future. If you’d like to discuss how you might want to retire, to review your current arrangements or for help with any other aspect of your financial future click here to let us know and we’ll get back to you as soon as we can.

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