Financial Planning
Helping you achieve long-term financial success
Whether you're planning for retirement, saving for your children's education, or aiming to grow your wealth, you need a plan that includes investment strategies, tax optimisation, and risk management.
That’s where I can help.
Please remember that the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest.
Pensions
Pensions are not only important for providing a reliable income stream during retirement, but also offer significant tax advantages.
But there’s an awful lot to navigate – should you transfer your pension, consolidate the pensions you’ve gathered so far? What about the tax implications?
I can help whether you're starting from scratch or seeking to optimise your existing pension plan.
I’ll start with a thorough analysis of your financial situation, taking into account your age, income, retirement goals, and risk tolerance. I’ll then guide you through the maze of options, explaining each one carefully, and helping you to select the most suitable type for your circumstances.
Savings and investments
Savings and investments are essential components of a strong financial plan, helping you to build wealth, achieve financial goals, and secure your future.
Whether it's stocks, bonds, mutual funds, or other investment vehicles, a diversified investment portfolio can help to generate returns that outpace inflation and increase your wealth.
When investing, it's important to consider your risk tolerance, time horizon, and financial objectives. This is where I can help by creating an investment strategy tailored to your unique circumstances.
But creating the plan is just the start. Reviewing and adjusting your savings and investment plans ensures you stay on track and adapt to changing financial needs. By proactively managing your plan, we can optimise your chances of long-term financial success.
Inheritance tax planning
Inheritance Tax (IHT) is paid if you leave assets valued above a certain amount to your loved ones after you die. It is normally charged at a rate of 40%. ‘Assets’ refer to your property, money, possessions and savings and investments.
It used to be associated with the very wealthy. However, in recent years, increasing property prices mean that many more estates now exceed the threshold of £325,000 for IHT liability. However, there are ways to reduce this.
I can help if you wish to protect your hard-earned assets and ensure your loved ones receive the maximum benefit from your estate.
Protection
Protection insurance is a crucial component of a comprehensive financial plan, providing valuable coverage and financial security for you and your loved ones if anything should happen to you.
There are various types available including life insurance, critical illness insurance, and income protection, and each can be tailored to suit your budget and needs. I can look at what insurance you might already have, and fill any gaps so you have exactly what you need.
Unfortunately we never know what’s round the corner. Having protection insurance in place ensures that you and your family are safeguarded against the unexpected.
Fees
To make it as easy and transparent as possible I charge a 1% initial fee and just two levels of service to choose from;
0.85% ongoing service of continuous advice. This is appropriate for more complex circumstances requiring annual or more frequent meetings and reviews.
0.65% ongoing service of continuous advice. This is appropriate for most clients with less complex financial circumstances. A biennial meeting and review.
So let’s say you had £100,000 of investable assets, the initial charge would be £1,000.
The yearly charge after that would be £850 or 650 a year depending on the agreed service level.
Testimonials
Paul explained all the advantages and disadvantages with cashing in funds from my pension and was quick to resolve the financial issues we had to deal with at the time.
I’d been trying to organise my finances as a self-employed musician for quite a while, but it just got so overwhelming I stopped. I needed someone who could help me to look at my situation objectively. In our first meeting, Paul helped me to simplify my financial set up and gave me a general overview of the possibilities. In our second meeting he explained how to set up an ISA and what to watch out for when doing so. He gave me just the outcome I was looking for.
Paul acts with upmost integrity and impartiality and has helped steer us through some less-than-straightforward financing requirements.