Financial Planning

Why Make A Financial Plan?

Having a financial plan in place is vital for a variety of reasons. It’s a means of identifying the goals you are aiming for and working out the best route to achieve them.

It involves a comprehensive assessment of your financial affairs – your pay and any other income on the one hand, and all your outgoings on the other. A financial planner can help you consider the pertinent questions around issues such as: the financial protection in place for your family and home; how best to save towards a pension; the long-term financial security of your children.

It will usually feature a budget to forecast how you’ll remain solvent and also save for the future, allocating amounts to certain types of day-to-day expenditure as well as taking a longer-term view regarding savings.

With tax-efficient management of your money you can grow a lump sum or benefit from the regular investment of savings. You need to consider the optimum use of tax allowances and pension contribution allowance, which will have implications not only for later life but also for your beneficiaries after your death.

Therefore taking the time to evaluate your financial situation and prospects can really pay dividends in giving you peace of mind. You will become more aware of the crucial issues to bear in mind as you continue through this master plan, with a satisfying sense that your finances are under control.

Our financial advisors are skilled and experienced in guiding you through this financial planning process, according to your own specific circumstances, so that your financial plan is designed around you, with your investments in the right place.

Your capital is at risk. The value of your investment (and any income from them) can go down, as well as up and you may not get back the full amount you invested. Past performance is not a reliable indicator of future performance. Investments should be considered over the longer term and should fit in with your overall attitude to risk and financial circumstances.