25
Apr
2019
0

24 hours in A&E and an epiphany

We can all get complacent over our health, whether we consider ourselves to be in good shape or otherwise. Having worked as a personal trainer, completed numerous triathlons, regularly open water swim and cycle, not to mention scurrying around after a 3-year-old toddler! – I consider myself to be in pretty good shape. But, every now and then, we’re brutally reminded that we are not invincible! A few weeks ago, I grazed my left elbow, which alone is hardly blog worthy. But, a week and a half later it had become swollen, painful and I began to feel very unwell. After visiting the GP, I quickly found myself being taken to hospital. My arm was potentially septic and by the...
Read More
28
Mar
2019
0

What to expect when you meet a financial planner?

You might know the financial planning journey well. But, what about your family or friends who haven’t met with a financial planner? Feel free to forward this post to them. It’s natural to have some preconceptions, it might even feel a little daunting. After all, advisers and planners are only usually in the press when they’ve been part of a scam! You don’t often hear the good news and happy outcomes, and like every profession, you’ll find great financial planners and some not so great. Whilst we do work in a highly regulated profession, always look for personal testimonials, like a review on VouchedFor or a recommendation on LinkedIn. So, what should you expect from that initial meeting with a...
Read More
7
Mar
2019
0

Ten retirement planning mistakes made by City professionals

As a busy professional, it’s easy to neglect your retirement planning. But, let’s take a minute to remind ourselves why pensions are so important; You get tax relief on contributions They grow largely free of tax You can take 25% tax-free from age 55 They are usually exempt from Inheritance Tax Pensions are an excellent tax-efficient way of saving towards your retirement. However, here are ten easily made mistakes: 1. Not maximising contributions Pension contributions get tax relief, meaning anything paid in is not taxed. Opting to put £100 into your pension and not your pocket, means that as a higher rate taxpayer, you will be £40 better off. Another way to look at it; it would cost just £60...
Read More
27
Feb
2019
0

An important (and exciting) update from Adam

It’s extremely rare that I write about myself. However, some news last weekend was so exciting I felt I had to share it. I’m delighted to announce that I have been named as one of the UK’s ‘top-rated’ financial advisers. The list, based on reviews by genuine clients and compiled by VouchedFor, was published in The Times newspaper on Saturday 23rd February 2019. All advisers on the list: must have received at least 10 genuine reviews with a minimum rating of 4.9/5 during 2018; and have been checked and fully vetted by VouchedFor Many of the awards and accreditations in my profession are based on technical knowledge or the ability to pass an exam. Both are important, however, I’m particularly...
Read More
30
Jan
2019
1

Ten signs your pension or investment needs reviewing

You might not realise your pension or investment is due for a review. It’s easy to get complacent when you have a provision for retirement or savings in place. But, you could find you need a full financial overhaul; it really depends on your circumstances, aspirations and some external influences, all of which are likely to change over time. It’s important to ensure your investment and pensions remain relevant and appropriate for you. If any of these ten signs ring alarm bells, don’t hesitate to get in touch. 1. You don’t have a strategy You should always have a goal in mind when it comes to saving. It’s impossible to plan for a situation if you’re not sure what that...
Read More
2
Jan
2019
0

Making sure your money outlives you

Traditionally, it was a rule of thumb that 4% was a sustainable withdrawal rate from your pensions to provide for a 30-year retirement. But research from Morningstar suggests the figure should be much lower, and the 4% assumption was never ‘safe’ in the UK. Over a 30 year period, in a portfolio of 40% equities, they actually calculated the most likely successful withdrawal rate to be as low as 1.8%. Of course, it’s not quite that simple; there are many personal factors to consider, which we’ll discuss shortly. The problem is, figures from AJ Bell show that 41% of retirees are withdrawing more than 10% of their pension every year. These people are likely to run out of money in just eight...
Read More