Do you have any money put away for a rainy day? Savings rates are currently lower than they have been historically, but this doesn’t mean it’s a bad idea to build a buffer. Many people can struggle to save with other pressures on their salary, so setting up a standing order for when you’ve just been paid into a savings account is a good idea for maintaining discipline.
There are tax-efficient products to help you build your savings, like Individual Savings Accounts (ISAs) where you do not need to pay tax on withdrawals. If you’d like to discuss any of these products and whether they could be right for you, get in touch.
Find out how an independent financial adviser can simplify your long term goals with a bespoke financial plan, please arrange an initial appointment.
There are very few examples of financial advisers on our screens and stories. Those that we see are worlds away from the usual day-to-day of an IFA. If your sole reference is Marty Bird of Ozark, you might benefit from this article.
We take a look at the finances of three fictional heroes from the UK and discuss how financial planning could help them. While we had a lot of fun writing this article, it highlights several specialist areas of financial advice, and how versatile an adviser’s toolbox can be.
When looking at options for funding your retirement, it’s important to understand that your pension pot will be invested – and as with all investments, your capital is at risk.