VEE THOM – INVESTING, TAX-EFFICIENT PLANNING & SPECIALIST PENSION PLANNING
- 1. History and experience show us that when markets have dropped it can be a good opportunity to save and invest in the future by making the most of the fall in share prices.
- 2. If you have cash reserves available, it would be wise to consider stopping taking an income from your Pensions, ISAs and Investment Bonds whilst the markets are low.
- 3. It is also well worth considering ISA allowances at the beginning of the new tax year from the 6th April 2020, to make the most of the low markets at present.
- 4. Take advantage of no-obligation Pension Reviews by authorised specialists in order to understand if you are on track with your expectations and lifestyle goals for your ideal retirement. Seeking advice from a Pension Specialist can offer you peace of mind and security for the future. Understanding ‘Pension Freedoms’ including Defined Pension Benefit Schemes are complex and should not be taken lightly, especially when markets are low.
- 5. If your current mortgage arrangement is coming to an end or already has, and you are sitting on a Standard Variable Rate the chances are, you may be paying too much monthly and there could be significant savings to be made
- 6. If you are looking to move or are a first-time buyer, not all hope is lost. We can help you review your situation and offer up options based on your personal circumstances and affordability, and in some instances, potentially get you a ‘mortgage in principle’.
STEVEN MCKAY – PENSIONS AND PROTECTION
- 7. If at all possible, continue contributing to your own pension and savings because sacrificing saving today could result in financial strain tomorrow. If you have several different pension schemes (and some you may have even lost track of) it would be worth a review.
- 8. Life insurance and financial protection are relevant now more than ever – we may not like to think about death, serious illness and long-term sickness, but unfortunately it is all around us right now and thinking about it, is almost unavoidable. Reviewing your current Protection cover or looking into getting appropriate cover in place is especially important if loved ones depend on you financially.
The value of an investment with St. James’s Place will be directly linked to the performance of the funds selected and may fall as well as rise. You may get back less than the amount invested.
An investment in equities does not provide the security of capital associated with a deposit account with a bank or building society.
The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief generally depends on individual circumstances.