The Personal Financial Plans we construct are very comprehensive indeed and cover the following main areas:
General Financial Planning
- Goal Setting
- Risk Profile & Investment Experience
- Income & Expenditure Review
- Life Planning Questions
- Lifetime Cash Flow Forecasting
Disaster Planning
- Life Assurance
- Income Protection In The Event Of Illness
- Private Medical Insurance
- Emergency Savings
- Ensuring Assets Are Accessible to Those Who Need Them
Investments Including Pensions
- Analysis of Regular Savings Levels
- Cash – Interest Rates, Tax & Security
- Analysis of All Existing Investments
- Investment Overview (Including Consolidation)
- Recommended Core Portfolio – Asset Allocation
- Possible Satellite Portfolios (including EIS and VCTs)
- Analysis of Existing Personal Pension Provisions
- Employer Pension – Main and AVC Scheme
- Employer Pension – Salary & Bonus Sacrifice Possibilities
- Analysis of Contribution and Possible Fund Levels At Retirement (including State Pension Forecast)
- Possible benefit of Class 3 National Insurance Contributions
Liabilities
- Analysis of Existing Mortgage
- Repayment Versus Interest-Only
- Suitable repayment vehicles and strategies
- Other Debts
Tax Planning
- Individual Savings Accounts
- Tax Structure Analysis of Current Position (Pension, ISA, Collectives, Onshore & Offshore Bond)
- National Savings & Investments
- Capital Gains Tax
- Age Allowance
- Tax Optimisation Between Spouses
- General Taxation Advice
- Specialist Tax Planning Options (EIS and VCTs)
- Estate Planning
- Inheritance Tax Position
- Inheritance Tax Mitigation Strategies (where required)
- Will Writing
- Non-Domicile Issues
State Benefits & Tax Reporting
- Confirm Tax Return Up-To-Date
- Clarify Position On Pension Tax Relief & Personal Tax Reporting
- Child Trust Funds – Check That Invested
- Gift Aid
Other
- Save As You Earn Scheme
- Other Share Schemes
- Childcare Vouchers
- Other Employer-Sponsored Benefits
Recent Tax / Rule Changes That Might Affect you
- Pension Lifetime and Annual Allowances
- Trust Rule Changes
- Pension Primary / Enhanced Protection
- Pension tax relief for higher earners
- Changes to ISA allowance
Please feel free to contact us if you feel you would benefit from working with Chamberlyns.