Let’s talk about your financial planning

lets-talk-about-your-financial-planning

Resolving to sort out our personal finances is a great way to start the new year. Whether you’re employed, a business owner, semi or fully retired, having an income sufficient to sustain you is critical. And that’s where effective financial planning comes in.

Thanks to advances in modern medicine, we’re all living longer. Although this is generally to be welcomed, it means that we all have to find ways to maintain our preferred lifestyle for longer. Not only must this cover our day-to-day living expenses, but many of us will also have a ‘bucket list’ of aspirations to tick off before we die.

You will know that post retirement income must come from resources or assets that have been built up during your lifetime, for example private pensions and investments. But how do you ensure that you have sufficiently prepared financially for your dream retirement?

Brunsdon Financial’s Chairman and Financial Adviser, Brian Morman, shares below his top tips to help you to secure a sound basis for your retirement:

  1. Start saving as early as possible. As one well known supermarket chain says: ‘every little counts’. Even £10 a month from an early age will realise a healthy return in later years.
  2. Make a plan and regularly review it. What are your short, medium and long term goals and what financial and other resources will need to be put in place to achieve them?
  3. If you have investments, make sure that these are tailored to your personal attitude to risk and capacity for loss.
  4. Use all the tax breaks available to you.
  5. Arrange for all your savings, assets and investments to be summarised in one place.
  6. Make a Will that reflects your wishes. This will help to address any potential Inheritance Tax issues and avoid any disputes after your death.
  7. Ask for professional help. Brunsdon Financial can advise on all the above – please contact us if you’d like to receive further information or help or visit our web page .

The Financial Conduct Authority does not regulate estate planning, tax advice or wills

lets-talk-about-your-financial-planning

Let’s talk about your financial planning

Resolving to sort out our personal finances is a great way to start the new year. Whether you’re employed, a business owner, semi or fully retired, having an income sufficient to sustain you is critical. And that’s where effective financial planning comes in.

Thanks to advances in modern medicine, we’re all living longer. Although this is generally to be welcomed, it means that we all have to find ways to maintain our preferred lifestyle for longer. Not only must this cover our day-to-day living expenses, but many of us will also have a ‘bucket list’ of aspirations to tick off before we die.

You will know that post retirement income must come from resources or assets that have been built up during your lifetime, for example private pensions and investments. But how do you ensure that you have sufficiently prepared financially for your dream retirement?

Brunsdon Financial’s Chairman and Financial Adviser, Brian Morman, shares below his top tips to help you to secure a sound basis for your retirement:

  1. Start saving as early as possible. As one well known supermarket chain says: ‘every little counts’. Even £10 a month from an early age will realise a healthy return in later years.
  2. Make a plan and regularly review it. What are your short, medium and long term goals and what financial and other resources will need to be put in place to achieve them?
  3. If you have investments, make sure that these are tailored to your personal attitude to risk and capacity for loss.
  4. Use all the tax breaks available to you.
  5. Arrange for all your savings, assets and investments to be summarised in one place.
  6. Make a Will that reflects your wishes. This will help to address any potential Inheritance Tax issues and avoid any disputes after your death.
  7. Ask for professional help. Brunsdon Financial can advise on all the above – please contact us if you’d like to receive further information or help or visit our web page .

The Financial Conduct Authority does not regulate estate planning, tax advice or wills

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