MONEY MATTERS
A New Year, a time to look forward
Welcome to 2021! A very Happy New Year to you and your family and friends.
A new year brings a new beginning, a time to look forward to the future. Let’s try and forget 2020 as quickly as possible. This is a great time of year to review your finances and look at where you may need help and advice with your financial situation, both present and future.
Retirement and Pensions
When did you last look at your pension situation? Are you considering retirement in 2021, this is a crucial time of your life, which needs considerable planning and structured thinking? Are you in a company pension that you don’t understand? Are you paying in to a personal or stakeholder pension? How much are you paying each month, and do you feel this is enough? Do you have personal or company pensions that you are not involved with anymore, which could be transferred?
ISAS
Do you have any Cash ISAS? Are you happy with the interest rate you are getting? With very low interest rates being offered at bank and building societies you are lucky to get interest of over 0.2%.In real terms your money could be going backwards as inflation is now at 1.5% and likely to rise during 2021.
Have you got a Stocks & Shares ISA that regularly fluctuates in value? Do you understand the risks involved and the funds your ISA is invested in? all income from ISAS is completely tax free. Are you taking income which would help you enjoy a better standard of living?
Investments
What do you know about your current investments? How have they performed over the past year? What level of risk are you currently taking? Where is your money invested, what sectors are you investing in? Do you take a regular income from your investments? Do you need to take more or less income? Are you happy with the performance of your investments?
Equity Release
Are you over 60 and a houseowner? Your home is probably your biggest financial asset. This could be used to provide a tax-free lump sum to spend however you wish on improving your lifestyle.
How can we help you?
At Brian Mole IFA Ltd, we offer a completely FREE initial review of all your finances, this helps you fully understand exactly where you are financially. Under current restrictions we are happy to discuss things, in person, on the telephone, email or zoom. You may find we can be of great help or we could tell you that you have everything in place. Why not speak to us and find out how we could help or reassure you.