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Back in July, Chancellor Rishi Sunak announced a second range of measures designed to protect the economy through the Covid-19 pandemic.

His next update was scheduled to be the Autumn Statement in the coming weeks. However, given the newly imposed Covid-19 restrictions and economic uncertainty, the Budget has been cancelled.

In a statement sent to the BBC, a spokesperson for the Treasury said: “As we heard this week, now is not the right time to outline long-term plans – people want to see us focused on the here and now.

“So, we are confirming today that there will be no Budget this autumn.”

Instead, on Thursday 24th September, the Chancellor unveiled his winter economy plan, setting out the next phase of the economic response to the Covid-19 pandemic.

Introducing his new measures, the Chancellor acknowledged that the virus will be a fact of life ‘for at least the next six months’ and so the economy will need ‘a more permanent’ adjustment.

Here are the main points announced in Rishi Sunak’s latest speech.

A new Job Support Scheme

The Chancellor announced the Coronavirus Job Retention Scheme, dubbed the ‘furlough scheme’, in March just as the scale of the pandemic was becoming clear. The aim was to prevent a rise in unemployment when businesses were forced to shut down to slow the spread of Covid-19.

The furlough scheme initially paid 80% of the wages of workers that were unable to work, up to a maximum of £2,500 per month. As the economy reopened, employers had to pay 10% of the wages of those on furlough and workers could return part-time, with the government making up the hours not worked.

With the furlough scheme ending at the end of October, the Chancellor was keen to continue to support at-risk jobs.

A new Job Support Scheme means that the government and employers will jointly cover the cost of those having to work fewer hours. Under the scheme, businesses will have the option of keeping employees in a job on shorter hours, rather than making them redundant.

To be eligible for the scheme, an employee will have to work a minimum of 33% of their hours, in order that the scheme only protects ‘viable’ jobs.

For the remaining hours not worked, the government and employer will each pay one-third of the employee’s wages. It means that employees working 33% of their hours will receive at least 77% of their overall pay.

The scheme will begin on 1 November 2020 and last for six months.

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It’s important to note that, while all small and medium-sized firms are eligible, large firms are only eligible if their turnover has fallen in the pandemic.

The Job Support Scheme can also be used in conjunction with the Job Retention Bonus that the Chancellor announced in his Summer Statement.

CBI director-general Carolyn Fairbairn says: “These bold steps from the Treasury will save hundreds of thousands of viable jobs this winter. It is right to target help on jobs with a future but can only be part-time while demand remains flat.”

An extension to the Self-Employed Income Support Scheme

The Chancellor has been keen to provide the same support to self-employed workers as to employed staff.

In his statement, he revealed that he would extend the Self-Employed Income Support Scheme to 30 April 2021, although at a much-reduced rate.

The extension will support viable traders who are facing reduced demand over the winter months, covering 20% of average monthly trading profits through a government grant.

More flexibility with government loan schemes

Sunak announced that, under his Pay as you Grow Scheme, he will offer more than one million businesses, which have borrowed under the Bounce Back Loan Scheme, the choice of more time and greater flexibility to make their repayments.

For example, businesses can now extend their loans from six to ten years, and businesses can choose to make interest-only repayments – or suspend repayments for up to six months – without affecting their credit rating.

Lenders who have been enabled to offer the Coronavirus Business Interruption Loan Scheme will also offer borrowers more time to make their repayments where needed.

The Chancellor also extended the application deadline for all coronavirus loan schemes – including the future fund – to the end of 2020.

Tax deferrals

Sunak announced that businesses who deferred their VAT this year will no longer have to pay a lump sum at the end of March 2021.

Instead, they will have the option of splitting it into smaller, interest-free payments over the course of 11 months. This will benefit up to half a million businesses.

The Chancellor also announced that any of the millions of self-assessed income taxpayers who need extra help can also now extend their outstanding tax bill over 12 months from January 2021.

VAT reduction extended for hospitality sector

In his Summer Statement, the Chancellor reduced the VAT rate applicable to hospitality businesses from 20% to 5%.

In his address, Sunak announced that he will extend this VAT cut to the end of March 2021. Sunak says that this will continue to support more than 150,000 businesses and protect 2.4 million jobs.

Get in touch

If you have any questions about how these measures might affect you or your business, please get in touch.

Supporting worthy causes is often something people want to include in their financial plan, whether through regular donations or a charitable legacy in their will. The good news is that to encourage charitable giving, there are tax breaks you can benefit from too.

If you’re thinking of supporting a charity, now could be a perfect time. A report suggests that many organisations in the third sector are struggling to balance rising demand with lower incomes.

Since the Covid-19 crisis began, charities have been facing more challenges. With people going out less, reducing spontaneous giving, and many worried about their financial future, donations have fallen. In a Charities Aid Foundation report, it was revealed 53% of charities have seen donations decrease. This was linked to families having less disposable income and the areas they were giving to changing to reflect current circumstances.

However, coinciding with this, 36% of charities said demand for their services had increased due to Covid-19. The support given to the causes close to your heart could have a huge impact and it can benefit you too. There are three key ways that donating to charity can be tax-efficient.

1. Paying directly from your salary for tax relief

If you want to provide a regular donation to a charitable cause, giving directly from your salary or pension each month can be a hassle-free option. It can be advantageous in terms of tax too.

To be able to give directly from your salary or pension, your employer or pension provider must offer a Payroll Giving scheme.

If this is available to you, donations are given before tax is deducted from your income. This means you get tax relief in line with the rate of Income Tax you pay. So, in England and Wales to donate £10 to a charity, you’d need to pay:

  • £8 if you’re a basic-rate taxpayer
  • £6 if you’re an additional-rate taxpayer
  • £5.50 if you’re a higher-rate taxpayer

The tax relief can help your donations have a far bigger impact and provide financial benefits to you too.

2. Tax relief when donating assets

If you want to provide one-off or occasional support during your lifetime, you may choose to donate assets to a charity, including land, property and shares.

This option can provide tax relief for both Income Tax and Capital Gains Tax.

You can pay less Income Tax by deducting the value of your donation from your total taxable income. You can do this by filling in a self-assessment tax return and including the donation in the ‘charitable giving’ section of the form.

Capital Gains Tax is paid on the profit you make when selling certain assets. However, you do not have to pay Capital Gains Tax on land, property or shares you give to charity.

In some cases, a charity may ask that an asset is sold on their behalf. You can still claim tax relief on these donations, but you must keep records of the gift and the charity’s request.

3. Reducing Inheritance Tax

Is your entire estate worth more than £325,000? If it is, your estate could be liable for Inheritance Tax when you pass away. That means leaving less behind for your loved ones, but a charitable legacy can do good and minimise the amount of tax due.

There are two ways charitable legacies can reduce the amount of Inheritance Tax due.

First, any charitable legacy will be taken off the value of your estate before Inheritance Tax is calculated. As a result, it can help you keep your estate under the threshold limits for Inheritance Tax and means your estate won’t be liable for any at all.

Second, the standard rate of Inheritance Tax is 40%, which can significantly reduce what you leave behind. If you choose to leave 10% or more of your estate to charity, the rate of Inheritance Tax will fall to 36%. Depending on the size of your estate, this reduction can mean you leave more to loved ones while lending financial support to a charity too.

If you want to use a charitable legacy to reduce Inheritance Tax, this must be included in your will. A charitable legacy can be a fixed amount, what’s left after other gifts have been given, an item or a percentage of your estate.

Do you want to support charitable causes? Please get in touch with us, whether you want to provide ongoing financial support or leave a legacy behind, we can help you understand what it means for your finances and help you make the most of tax reliefs.

Please note: This blog is for general information only and does not constitute advice. The information is aimed at retail clients only. The Financial Conduct Authority does not regulate Estate Planning.

If you’re retiring this year, you may be worried about what the market volatility caused by Covid-19 means for your options.

The good news is that Pension Freedoms, introduced in 2015, means you can choose how and when you access your retirement savings.

Market volatility may have affected the value of your pension but that doesn’t mean your overall plans have to be adjusted. However, it’s important that you understand the impact it could have.

The impact will depend on how you intend to access your pension.

1. Taking a lump sum

Once you reach retirement age, it is possible to take your pension through lump-sum withdrawals. You can even choose to withdraw the entire amount, though this isn’t appropriate for most retirees.

Usually, you can withdraw up to 25% tax-free. If you’ve intended to take a lump sum out of your pension to take advantage of this, it’s worth assessing if your pension value has fallen. Withdrawals that exceed the 25% tax-free lump sum will be taxed as income and could push you into a higher Income Tax bracket. As a result, taking a lump sum may not be the most efficient way to access money.

2. Purchasing an Annuity

An Annuity is a product you buy with your pension savings that delivers a lifetime income. As a result, if the value of your pension has fallen, you may find that the income you can purchase is now lower. But it is an option that can provide financial security throughout retirement.

The amount paid out will depend on the Annuity rate. For example, a 5% Annuity rate would pay out £5,000 every year for every £100,000 initially paid.

The Annuity rate you’re offered varies depending on a range of factors, including your age and health. You can also choose to purchase a joint Annuity, ensuring your partner would continue to receive an income if you passed away first, or one that rises alongside inflation to maintain spending power. These options would typically mean a lower level of income to begin with.

If you’d like to use an Annuity to fund retirement, you’ll need to assess how recent volatility has affected your overall pension value. This means you’re able to see what Annuity rates mean in terms of income. Take some time to shop around, different providers will offer varying rates. The good news is that with a guaranteed income, you won’t have to worry about market volatility affecting income in retirement.

3. Using Flexi-Access Drawdown

Flexi-Access Drawdown allows you to take a flexible income that suits you, usually, the remainder will stay invested until you make another withdrawal.

This is the option where investment volatility can have the biggest impact. As your savings remain invested, you need to be aware of how your investments have performed. Continuing to take the same level of income during a downturn, as you did previously, will mean you need to sell more units to receive the same amount. This can deplete your pension quicker than expected if you haven’t considered it beforehand. 

As you’re responsible for how and when you access your pension, you also need to ensure it lasts throughout your life, which will undoubtedly include some periods of short-term volatility. Therefore, you must consider downturns as part of your retirement plan.

Remaining exposed to the markets isn’t all negative though. Historically, markets have recovered in the long term. Keeping your pension invested means you have an opportunity to benefit from a recovery as well as long-term gains.

Creating a retirement plan

How and when is the ‘right’ time to access your pension will vary between retirees. It’s a decision that should focus on your retirement goals and long-term plans.

Remember, you don’t have to access your pension as soon as it becomes available. If you don’t need the savings yet, leaving your pension invested can give your investments a chance to recover in the long term and perhaps grow further.

You also don’t have to choose one of the above options exclusively. You can mix and match the options to suit you. For instance, you could withdraw your 25% tax-free lump sum at the start of retirement, use a portion to create a base income with an Annuity, and use Flexi-Access Drawdown to access the remainder at different points.

If you’d like to discuss your retirement plans, whether this is how current circumstances have affected your initial plans or you’re starting from scratch, please get in touch.

Please note: This blog is for general information only and does not constitute advice. The information is aimed at retail clients only.

A pension is a long-term investment. The fund value may fluctuate and can go down, which would have an impact on the level of pension benefits available. Your pension income could also be affected by the interest rates at the time you take your benefits.

The tax implications of pension withdrawals will be based on your individual circumstances, tax legislation and regulation which are subject to change in the future.

The vast majority of investors want to improve their knowledge. In fact, according to research from Schroders, 97% of investors want to boost their personal finance know-how.

While a third wanted enough knowledge to comfortably make their own decisions, almost half wanted enough to be able to probe the advice they’re given. A further 17% said they wanted enough knowledge so they can confidently ask questions of a financial adviser.

Unsurprisingly, the volatility within global markets has focused the minds of investors. Half (49%) said they thought about their investments at least weekly, up from 35% before the crisis. With investment values falling in the short term and concerns about what the future holds, improving knowledge can help you feel more comfortable with market movements and planning for the future.

So, what can you do to boost your investment insight? Here are five steps you could take.

1. Read and listen to podcasts

Reading and listening to podcasts can be a great way to improve your basic knowledge and create a foundation to build on.

Online there’s a huge range of resources you can access. However, you should always make sure the information has come from a trusted source that can be verified, there’s a lot of misinformation and scams out there too.

Our blog includes a range of financial news and views that can help you get started. If you prefer to listen while you’re on the go, the Meaningful Money podcast covers a range of topics and is aimed at those wanting to improve their knowledge. Season two of the podcast is titled Investing 101 and covers a range of investing fundamentals, from why you should invest to understanding risk profiles.

2. Keep up to date with the markets

Make a habit of reading the financial section when you browse the news. Keeping an eye on the markets, how they move and what’s influencing them can boost your understanding of your own investments. Even just a glance each day can slowly build up your knowledge.

One important thing to remember here is that you should focus on long-term trends. Market updates will typically focus on what’s just happened, but you’ll need to put this into context with wider market movements.

3. Seek information on risk and volatility

Understanding risk and volatility when investing is important. Novice investors sometimes view these as the same thing, but they’re not.

Risk relates to the likelihood that the value of your investments will decrease. Higher risk products will typically offer an opportunity for higher rewards to compensate for this. But, while the potential returns can seem attractive, high-risk investments aren’t right for most investors. The level of risk appropriate will depend on your risk profile, which should consider many factors, from the investment time frame through to your attitude.

Volatility, on the other hand, describes an investment’s short-term fluctuations. These market movements can be easier to focus on, as you’ll see how they directly impact the value of investments. However, once again, it’s important to focus on the long-term trend and remember that short-term losses are only on paper until you sell assets. 

All investments come with some risk and will experience volatility.

4. Don’t be afraid to ask questions

The world of investing can seem complex when you first start investing and it’s filled with jargon. If you’re unsure about something, ask. It’s a way to help build up your knowledge and fill in the gaps. Keep in mind where you’re seeking answers from, is it a reputable and trustworthy source?

One thing to be cautious of here is that the world of investment is full of opinion. If you ask, ‘where should I place my money?’ or ‘is now the right time to invest?’ to two people, you can end up with wildly different responses. Remember, your financial plan and long-term goals will play a role.

5. Speak to a financial adviser

Finally, working with a financial adviser can help you better understand your investments. While a third of respondents in the Schroders survey wanted to gain significant investment knowledge so they didn’t necessarily need to seek professional advice, it can still add value.

A financial adviser is on hand to answer your questions, from how your risk profile was calculated to what long-term investment gains mean for your lifestyle. As someone who is regulated and qualified, you know it’s information you can rely on. Even as your investment knowledge improves, a professional can provide another perspective and ensure your portfolio reflects changes, for example, when new legislation is brought in.

If you’d like to talk about your investments and how they fit into your financial plan, please get in touch. We’re happy to answer your questions and help improve your investment knowledge. 

Please note: This blog is for general information only and does not constitute advice. The information is aimed at retail clients only.

The value of your investment can go down as well as up and you may not get back the full amount you invested. Past performance is not a reliable indicator of future performance.


With the stock market experiencing volatility due to Covid-19 earlier this year and further uncertainty about the state of the economy, you may be wondering how to make the most of your savings. Should you save in a cash account or invest?

Research from Aegon found that one in eight people have opened up a new saving account during the coronavirus pandemic. Some 70% have opted for a cash-based product, while just 30% have chosen to invest their savings through stocks and shares.

There’s no right or wrong answer when deciding between cash and stocks and shares, but you do need to consider your goals.

Cash savings

In the current climate, the main drawback with cash products is low-interest rates.

Interest rates have been low since the 2008 financial crisis. However, the Covid-19 pandemic led to the Bank of England slashing its base rate to a new low of 0.1% in March. It means you’re probably not getting much in return for saving your money.

On the face of it, that doesn’t seem too bad. After all, your money is ‘safe’. However, once you factor in inflation, which is likely higher than your interest rate, your savings will be losing value in real terms. That means your spending power is decreasing as time goes by. In the short term, the impact is small, but it can compound over longer periods.

When should you use a cash product? Cash savings are often most appropriate if you’re building an emergency fund and are saving with a short-term goal in mind.

Investing in stocks and shares

This year we’ve seen significant volatility within stock markets as governments grappled with how to slow the spread of Covid-19 and many businesses were forced to adapt or temporarily close.

With headlines stating markets ‘crashed’ in March, it’s not surprising that some savers are now nervous about investing in the current climate. However, when assessing markets and investment opportunities, you need to take a long-term view. Short-term volatility is normal in markets, what you should be looking at is a wider trend.

Despite numerous ‘crashes’ over the decades, markets have recovered and gone on to deliver long-term gains to investors. If it aligns with your goals, investing during a downturn can be beneficial, as you’ll be buying stocks and shares while they’re at a low point.

It’s important to recognise that all investments do come with some level of risk though. You should make sure this is tailored to your risk profile and that your portfolio is suitably diversified.

When should you use a stocks and shares product? Ideally, you should invest with a long-term time frame (more than five years) only.

Consider an ISA when saving and investing

Despite being a popular product, just a third (34%) choose a cash ISA (Individual Savings Account) to place their savings and 15% choose a stocks and shares ISA.

ISAs are a tax-efficient way to save and invest. Whether you choose cash or investment products, an ISA is worth considering. Any money earned through interest or investment returns is tax-free. Adults can place up to £20,000 into ISA products each tax year. You can deposit into a single account or spread across several.

If you’re saving for children or grandchildren, a Junior ISA (JISA) may also be a good option. Again, they are tax-efficient, and you can choose between cash and stocks and shares options. Up to £9,000 can be deposited in a JISA each tax year. However, keep in mind withdrawals cannot be made until the child is 18.

Steve Cameron, Pensions Director at Aegon, said: “Saving for the future has never been more important, and the choice between cash and stocks and shares is arguably more difficult than ever.”

He added: “For those not confident making their own financial decisions, it can often pay to seek financial advice. This can help individuals gain a better understanding of their personal attitudes to investment risk and build confidence that a chosen strategy can deliver in line with their goals.”

If you’d like to discuss saving and investing with a financial planner, please get in touch. Our goal is to understand your aspirations and help you get the most out of your money with these in mind.

Please note: This blog is for general information only and does not constitute advice. The information is aimed at retail clients only.

The value of your investment can go down as well as up and you may not get back the full amount you invested. Past performance is not a reliable indicator of future performance.


When we discuss financial planning, ensuring long-term security for you and loved ones is often a priority. But for business owners, they also need to ensure they protect their firm in the event of something happening to them. If you haven’t already taken steps to name a Business Lasting Power of Attorney, it’s something you should consider.

A personal Power of Attorney gives someone you trust the ability to make decisions on your behalf should you lose mental capacity, for instance, through illness or an accident. These decisions could relate to medical care or ensuring you continue to meet financial commitments. It’s a process that improves your security should something happen.

A Business Power of Attorney is less well-known but works in a similar way.

As a business owner, the firm likely relies on your skills and knowledge, as well as the decisions you make on a day-to-day basis. If a sudden illness affects you and you’re no longer able to make these decisions, it can have serious ramifications for the firm, employees and your long-term livelihood.

Even if you have someone you trust, without a Business Power of Attorney in place, they may not be able to access bank accounts or sign off contracts. The delays can lead to the demise of a business or significantly harm prospects.

Do you need a Business Power of Attorney?

If you were unable to make decisions, how effectively could your business run? If it means decisions relating to day-to-day operations or even long-term plans aren’t made, what would the effects be?

Depending on how your business is set up, there may be a whole range of things you might do that someone else can’t. This may include overseeing bank accounts, signing new contracts, paying employees and invoicing, or handling tax matters. If you were unable to make decisions it can have a serious impact on the business.

No one wants to think about not being able to make decisions themselves. But much like naming a personal Power of Attorney, naming one for your business is a precautionary measure.

Without a Power of Attorney, the business would have to rely on the Court of Protection to give someone the ability to act. However, this can be a lengthy process that takes months. It means some damage may happen before the Court of Protection names a deputy on your behalf. There’s also no guarantee that the Court of Protection will appoint the same person you’d have chosen.

It’s natural to have reservations about setting up a Business Power of Attorney but it offers protection.

Through a memorandum of wishes, you can set out how the attorney should operate the business. This can give you peace of mind that the business will proceed and move forward in line with your plans. You may also worry that using a Power of Attorney means you could lose permanent control of the business. However, where the loss of capacity to make decisions is temporary, the powers given to an attorney are too.

You need to carefully consider who you’d name as a Power of Attorney too. It should be someone that you trust but they also need to have the skills and knowledge to effectively make the decisions they need to. As a result, it may be someone inside the business that suits this role. It’s worth reviewing this regularly, as the right person may change over time.

Protecting your wellbeing

A Business Power of Attorney isn’t just about protecting business interests either. It can also provide you with security.

It protects your livelihood and ensures you have a business to go back to when you’re ready. Safe in the knowledge that someone you trust can make decisions, you don’t have to worry about going back to the business as soon as you can. Instead, you’re able to focus on your recovery and ease back into the role of business owner when it suits you.

If your business could benefit from a Power of Attorney, seek legal advice. A legal professional will be able to help you understand what permissions should be given to an attorney to ensure the business continues to run smoothly. They can also help you draft a memorandum of wishes that outlines how the business should run if needed.

For many business owners, their personal financial plans are often intertwined with their business. As a result, it’s worthwhile reviewing your financial goals and situation alongside taking these steps.

Ultimately, a Business Power of Attorney can support the long-term security of the business, employees and your livelihood. Please get in touch if you’d like to discuss this further.

Please note: This blog is for general information only and does not constitute advice. The information is aimed at retail clients only.


Everyone has at some point daydreamed about what they’d do if they suddenly came into a large amount of money. But what would you do if it really happened?

Whether it’s enough money to buy a new car or a gold-plated yacht, if you receive an unexpected windfall you should always think carefully before spending it. Take your time to consider your options as you might be feeling overwhelmed.

If you’ve received a large amount of money, it’s important to be mindful of the limits set by the Financial Services Compensation Scheme (FSCS) on how much compensation you will receive if the bank fails.

Temporary higher balances of up to £1 million will be compensated for in the first 12 months per person per bank or building society. But after that, you will only receive a maximum of £85,000 for any lost savings. So, if you do decide to put your new-found money in the bank, it might be worth spreading it out across several banks to ensure that it’s all protected. 

A large sum of money has the potential to transform your life if you use it wisely. So, read on for five things to bear in mind if you come into unexpected money.

1. Make a plan of what your goals are

Although we might daydream about it, most people don’t keep a detailed plan on what they’d do if they came into a large amount of money.

However, it is important to make one before you think about splashing your cash recklessly. Otherwise, it can be all too easy to get overly excited and start frittering it away on things you don’t really need.

Write down everything you might want to buy or do with the money, including giving gifts. This could be anything from going on holiday to helping a loved one to purchase a home. Don’t just think about the things you’d like to do now, but those further away too.

It can be easier to plan when you have all the information in front of you, not just vague ideas. A plan will help you see which goals you can afford now, and which goals you may be able to afford in the future, with careful management of your money. Long-term goals might include retiring early or building a legacy to leave behind for your family.

When making this plan, you may benefit from the advice of a financial adviser. We can help you to organise your finances to help you meet your goals in the short and long term.

2. Pay off your debts to avoid interest payments

Settling your debts is usually the most sensible thing to do if you come into unexpected money.

By settling debts now, you can save yourself from having to repay interest on the debt later, which compounds over time. This can save you large amounts of money, especially if it is a large debt or one with high-interest payments.

It may also be wise to pay off short-term debts, such as overdrafts or credit cards, first since they typically have higher interest rates. After you’ve paid those, you can start thinking about paying off other long-term debts, such as mortgages.

3. Keep an emergency fund

Nobody can predict the future, so no matter how well you manage your money, it’s always worth keeping a rainy-day fund. This can give you peace of mind if disaster should strike.

Although the spending power of cash is eroded by inflation, it can still be important to keep a fund that’s easily accessible just in case. As a general rule, it’s worth setting aside an emergency fund with enough money to cover three to six months of expenses.

With this, you can rest easy knowing that even if the worst should happen, you’ll have some money to fall back on.

4. Decide whether you want to save or invest

One important decision you will have to make is whether you should save your new-found money or invest it. Your goals should have a strong influence on what you decide.

If you’re averse to risk, putting your money into a savings account may suit you. Unlike investing, your money is safe from losses, assuming you stay within the limits of the FSCS. But it may not increase in value much, if at all, as current interest rates are likely to be below inflation.

Putting your money in a savings account is also useful if you have a short-term goal in mind, such as booking a holiday.

On the other hand, if you have a long-term goal, such as building wealth to pay for a comfortable retirement, it might be worth considering investing your money instead. Investing can help you grow your wealth in the long term, but it does come with risks. You should invest with a minimum time frame of five years in mind.

5. Seek the help of a financial adviser

If you come into a large amount of money, you should consider speaking to a financial adviser who can help you to use it to achieve your goals.

It might be tempting to think you don’t need one. A study by AKG revealed that 43% of people who had not seen a financial adviser in the last five years believed they already had enough knowledge to make financial decisions for themselves.

However, when you’re dealing with large amounts of money, it can be hard to use it efficiently and understand how it can support long-term goals. Financial planners have experience overcoming the issues that may arise, such as dealing with complicated tax laws, to help you get the most out of your windfall.

A study by YouGov has shown that only 27% of people would consider speaking to a financial adviser after receiving a windfall. If you want to use your money more effectively to reach your goals, you shouldn’t be one of them. Please get in touch to discuss how we can help you realise your goals.

Please note: This blog is for general information only and does not constitute advice. The information is aimed at retail clients only.

The value of your investment can go down as well as up and you may not get back the full amount you invested. Past performance is not a reliable indicator of future performance.