Providing for your family

Protecting your loved ones

Making sure your loved ones are financially protected

It is comforting to know that if the worst was to happen you would not leave a financial burden to your loved ones. In case you are diagnosed with a critical illness you need to consider critical illness insurance. The policy is designed to pay out a pre-agreed lump sum if a critical illness is diagnosed. This will lighten the burden by providing funds for medical fees, rehabilitation, after care and the inevitable lifestyle changes that will follow.

For cover in the event of your death you would need to consider Life Insurance. This policy can safeguard your loved ones with either lump sum that would could cover some or all your mortgage repayments or monthly payments after your death.

What happens if I do not have Critical Illness cover or life Insurance?

Without critical illness cover you would only receive standard statutory sick pay which is currently £86.70 a week (April 2013/14). The amount is decided by the government, and is payable subject to certain rules and conditions (link to government site) for up to 28 weeks, this is unlikely to cover your outgoings and necessary recovery period if needed. Without Life Insurance, loved ones would have to find the money to cover off your existing financial commitments and funeral costs, which they may not have.

What we offer?

We offer an advice based solution that will ensure you have precisely the right cover for you and your family. No two people are the same, so ensuring you get advice that’s just for you is crucial.

Making sure you are covered

Life is full of the unexpected, that’s why it is important to make sure that you have income protection.

Protecting your income with an income protection plan gives you peace of mind if you find yourself unable to work due to ill health or accidental injury. Income protection pays you a tax-free replacement income until you are able to return to work, whether this is after a day or much longer term, subject to your deferred period.

What happens if I do not have Income protection?

Without income protection you will only receive the standard statutory sick pay which is currently £86.70 a week (April 2013/14). The amount is decided by the government, and is payable subject to certain rules and conditions (see below) for up to 28 weeks.

What we offer?

We can advise on income protection solutions which are straightforward, simple to arrange and unique to you, providing:

  • A pre-agreed income you can rely on, if you can’t work due to ill health or accidental injury
  • A plan that’s affordable and easy-to-arrange, giving peace of mind to you and your family
  • Continued benefit if you go back to work in a reduced capacity, with a reduced salary
  • Tax free payments under the current rules, although this might change in the future
  • A teleinterview over the phone with a friendly medical professional, to make sure our records are accurate and the plan is right for you

Making a commitment to your retirement

Right now you may be focused on financially committing to a mortgage, or perhaps a new car. Thinking about a pension may be the least of your priorities, however saving for your pension is more important and easier than you may think.

A pension plan is not some complicated and boring process that should be put off – but a savings scheme with great tax advantages. The downside is that you can’t touch your pension pot for decades. But that’s because a pension is simply a way to save for your future, and is why the government is keen to contribute.

What happens if you do not pay in to a pension plan?

There is going to come a time when you can’t work anymore and therefore can’t earn.That may seem a long way off but the sooner you start saving for that future, the sooner you will ensure it’s a happy and enjoyable.

What we offer?

We offer the right advice and guidance from word go.  It is never too early to start planning for the future.  You need only look at the case study below to see the difference starting early makes to your retirement income.

Planning for school fees

If there is any possibility that you may want to send your child to an independent school start planning now for school fees. The sooner you begin, the easier it will be to fund what can amount to a very substantial commitment. The cost of school fees will depend upon which school your child attends and whether they board. If you want to get an idea on fees, The Independent Schools Council has an excellent site that allows you to search for schools and provides details on fees.

Planning for University fees

University tuition fees have risen substantially for 2012/13 with a maximum annual fee of £9,000 and an average full time fee of £8,380. Living expenses will more than double the overall cost. Imperial College London estimates the 39 week term time costs are over £11,000 with a full year costing £14,768. Outside of London, Manchester University estimate the cost to be £10,300. Available grants and government loans, regardless of circumstances, will often not even cover accommodation costs. There is a significant shortfall (over £20,000 for a 3 year course) that has to be met by expensive private loans, part-time employment during term time or by parents. Interest on the government loan is charged at 3% above inflation whilst studying. Most students are expected to be paying for their education to the age of 50.

What We Offer?

The planning steps are effectively that we work out how much will be needed, both before and also throughout education, and then help devise a plan to pay for these. The clients where this is applicable or an aim want to start planning early in the child’s life, mainly so that investments have time to grow suitably.

Our Advisers

Our advisers are all well established and experienced professionals who are able to help you in any financial matter. As Independent Financial Advisers, authorised and regulated by the Financial Conduct Authority (FCA), we work on behalf of our clients and are able to select the best products to suit their needs from the entire marketplace.

Regular Savings

Family is expensive as you know, saving the extra money for an annual holiday, a new car or perhaps a new house can seem impossible. So, how do you make this a possibility? Well…regular savings.

As simple as it seems, it’s surprising how much regular savings grow over time with good interest rates; it’s a great way to get nearer to your goal in a much gentler financial way.

What happens if you do not pay in to a pension plan?

Why should you save for your future now? There is going to come a time when you can’t work anymore and therefore can’t earn. That may seem a long way off but the sooner you start saving for that future, the sooner you will ensure it’s a happy and enjoyable one . If you actually sat down and did the sums of how much you will need for retirement you may be quite shocked, hence the need to start early.

What happens if I do not save regularly?

Without regular savings, the financial impact of finding a deposit for mortgage, annual holiday or a new car can be massive.  You risk creating the financial stability you need for the future as your family grows. Saving early also eases your future; you will be able to retire at a reasonable age, so it is best to start now.

What We Offer?

Through our access to the whole market of available financial products, we endeavour to find you the best returns.

Our Advisers

Our advisers are all well established and experienced professionals who are able to help you in any financial matter. As Independent Financial Advisers, authorised and regulated by the Financial Conduct Authority (FCA), we work on behalf of our clients and are able to select the best products to suit their needs from the entire marketplace.

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