Trading as Nick Ball
Retirement Planning
Inheritance Tax
Investments
Review
The Options
The first thing to do is to establish where you are at the moment. I usually find that there are 7 areas of financial planning that are of interest to clients. These are:
1. Current Financial Position. Where are you financially and where would you like to be? Are there any foreseen changes to your lifestyle?
2. Retirement Planning. What lifestyle would you like for your retirement? Have you made realistic plans to achieve this?
3. Loan Planning. How have you managed any borrowing? Is the current repayment strategy the best way?
4. Mortgages. Are you on the best rate? Are you on track to pay it off?
5. Protection Planning. What is the current situation if you were unable to work through an accident, sickness or unemployment.
6. Tax Planning.
7. Inheritance Tax Planning. Ensuring that you have a strategy for dealing with any inheritance tax.
At this stage you may find it useful to write down where you are currently balanced in the following four areas.
Cash reserves £.................................
Interest earning investments £.................................
Equity based investments £................................
Protection arrangements £................................
To carry out a comprehensive job it is really necessary to look at all of these areas not just one or two. For example, when looking at loan planning I have been able to help clients to manage to save more effectively, by doing this we release funds which would make other goals more achievable.
If you feel you could benefit from such a process the next step would be for us to make contact.
Call us on 01275 373555 for impartial advice.
Acuma Ltd. is Authorised and Regulated by the Financial Services Authority. The Financial Services Authority does not regulate taxation advice and finance.