Financial Objectives
Financial Objectives & Tools
Here we look at what the elements are in your financial planning. Too often advisers talk of products they sell & not the objective these are aimed to achieve.
Savings & Investments or Building and conserving wealth tax-efficiently
We can help you put your spare cash to good use to build and conserve wealth tax-efficiently. How you do this will depend on your goals, timescale and attitude to risk. Are you saving for a deposit on a house in five years, your children's university fees in ten years or your retirement in twenty-five years? Do you think of yourself as the kind of person prepared to take risk, or do you prefer some certainty?
We use a simple questionnaire to help you understand how much risk you are prepared to take, and then make recommendations that match this risk. We can then agree going forward how often you wish to review your investments to make sure they remain in line with your risk profile, and check whether your attitude to risk has changed.
Preparing for Retirement or Building your pension fund and Financial Assets
Gone are the days when most people knew they would retire on a comfortable pension, whatever their occupation. We are increasingly expected to take control of funding our own retirement. Yet this is a hugely complex area, with the rules on making contributions and how you can eventually draw your pension changing frequently.
We look at the key issues to consider, according to where you are in life. We can explain what provision you already have and how you could supplement this, depending on your occupation. When you are about to retire, we can make recommendations so you can take advantages of the options open to you to enjoy a comfortable retirement.
The most important time to take advice is before you start your pension, we can make a real difference to your income.
Financial protection for you and your family or Insurance against the unplanned.
In this section we look at safeguarding your income and your wealth during the course of your life. Initially your focus will be on protecting your and your family's income and lifestyle should the worst happen - you wouldn't receive much support from the state. As you progress through life you are more likely to be concerned about protecting your assets so you can enjoy them and ultimately pass them on.
We can recommend protection policies that offer a suitable level of cover for your requirements and occupation. We are also able to advise on protecting your assets from unexpected expenditure such as nursing home fees, and from inheritance tax.
Tools
Are designed either
1. to build funds for a planned good use e.g. house purchase, holiday , retirement
or
2. to provide funds to help you cope with the unexpected, the bad news in life, such as sickness, illness, unemployment, long term care, death.
Those in the first list include: Investments, ISAs, OEICS, Bonds, Pensions, Mortgage, Equity Release, Annuity, USP, Drawdown, Trusts, Offshore Bonds.
In the second list you get Term Life insurance, Whole Of Life Insurance, Mortgage Cover, Permanent Heatlh insurance, Critical Illness Insurance, Redundancy or Unemployment Insurance, Premium Waivers, Immediate Need Annuity, Key man Insurance.
Contact Us
For further information about any of the services we provide, or if you have any questions, call today using any of the details provided on the sidebar above. Alternatively, email us directly using the query form provided on the Contact Us page of this website. We look forward to working with you.