CLIENT FIRST
Your gateway to the best in financial advice

How can an IFA help you?

An IFA should be your first port of call for the best advice on investments,

protection and tax planning. The following are some of the ways in which

our IFAs can assist you with your financial planning...

 

Pension advice

 

With the average retirement age now above the standard pension

age (65) and the future of the UK state pension unclear, it's never a

bad time to consider or review your retirement plans. Many employed

people will have a company pension plan in place and the government's

auto-enrolment legislation will see most employees offered a company

pension by 2017. But what's to say that your contributions will be enough

and what about those who are self-employed?

 

Starting or reviewing a pension

 

It goes without saying that the earlier you start a pension the better, as

compound interest means better growth over a longer period of time

and hence a larger retirement pot. Using this pension calculator, you

can estimate how much retirement income to expect based on when

you want to retire and what you contribute to the fund. Our IFAs will

be able to advise on the most suitable scheme for your own personal 

circumstances.  

 

55+ options

 

At the age of 55, many pension providers allow people to take a percentage of  their pension fund as a lump sum and an IFA can advise on how best to reinvest this. The March 2014 budget will also see changes take place from April 2015 which will mean more flexibility concerning your options.

 

Pension consolidation

 

If you have a number of pensions from various employers, or that you have started yourself, these could be could be consolidated into one fund.

 

Click here to see an example of how an one of our IFA consolidated a client's pensions to save them thousands of pounds.

 

Life insurance advice

 

Manylife/health cover products get added to the market all the time so, if you have a policy already in place, it's highly likely that there's a better deal out there somewhere. Likewise, our personal circumstances change all the time, so whatever you have may not be suitable anymore or you may wish to increase your cover as your responsibilities increase. Our IFAs have access to the whole of the market and will be able to find a suitable product for all circumstances.

 

Click here for an example on how one of our IFAs helped a client get a better deal on their life insurance.

 

Endowment shortfall advice

 

Endowments are policies that were mainly sold alongside a mortgage as a way of paying off the mortgage by providing a lump sum payment at the at the end of its term. Unfortunately, before the government tightened regulation in the financial services sector, many endowments were mis-sold and now have a shortfall and the best way of planning around this is to take independent financial advice.

 
Inheritance Tax (IHT) Planning
 
The current inheritance tax threshold or 'nil rate band' (£325,000) is the amount up to which an estate will have no inheritance tax to pay. If the estate, including any assets held in trust and gifts made within seven years of death, is more than the threshold, inheritance tax will be due at 40% on the amount over the nil rate band. Assets include property, investments, shares, cars and valuables (jewellery etc) and rising house prices mean many people will be affected by IHT. An IFA will be able to provide the best advice on how to minimise the tax an estate will have to pay.
 
"Everyone should have access to truly independent financial advice and Client First make it easy for you. I have no hesitation in recommending their service."

Brian Bamford, former UK PGA Champion
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