A pension is a long-term investment. Making the right decisions throughout your life and taking advantage of market opportunities can lead to superior performance that adds significant value to your pension fund and therefore to your income in retirement.
Other options include taking a traditional annuity, investment-linked product with guarantees, or leaving the money fully invested and drawing it down as required.
We can help!
With our thorough knowledge of pensions, investments and tax, we will help develop your retirement plan, and find the best pension scheme and investment funds for you. Our ongoing service ensures your plan will remain optimised through the years.
If you own a limited company, and pay yourself with dividends, the dividend tax allowance and associated increases in tax rates mean you will have to pay more tax.
Having been financial advisers since 1994 or earlier, investments and wealth management are the core part of our expertise. We’ve given effective financial advice to thousands of clients over the years. You can be confident we can help you too.
There is therefore a risk that your heirs will lose a large amount of their inheritance to the taxman. They might even have to sell assets or take out a loan to pay the bill. Knowing the implications means you can take action now, and your heirs will be grateful.
Many people feel uncomfortable about planning what will happen after they die. But talking about it now means you can set up tax-efficient arrangements to provide for your needs during your lifetime, while reducing the amount that will eventually become due to the taxman. It’s all part of sensible financial planning.
A family trust not only helps save inheritance tax, but also ensures that family wealth is not lost through divorce or bankruptcy.
With access to all the products on the market, we can advise you about the best way to help reduce inheritance tax and so increase the net amount your heirs will receive. We also work with your legal adviser – or can introduce you to one – to help set up the right structure for your family needs.
In days gone by, lenders considered mortgages based on a simple multiplication of your salary. However, times have changed and lenders have refined their business model.
What is your annual gross guaranteed bonus/commission/overtime (estimate)?
What is your gross variable bonus/commission/overtime (estimate)?
Ensure your mobile phone contract is completely finished before you stop making monthly repayments – this has become the single biggest cause of people struggling to obtain a mortgage.
Check your credit report regularly. If you spot any anomalies, challenge the relevant company immediately.
If you do not yet have a credit rating, get a credit card and pay it off in full each month. This helps build up your credit profile over time.
Before you become a landlord, it’s important to consider the tax you will have to pay on the rental income and on the profit when you eventually sell the property.
