Sat 16 Jan 2010
For numerous people 2009 was a year of pain and hardship. A world setback, stock market upheaval plus a general impression of unease have left a great deal of individuals feeling very uncertain about next year.
Hopefully 2010 will be a more restorative year. Yet there are measures we can implement to help our .
1 thing we can do to put the position into perspective is to re-examine our finances. Whether it is your home finance, borrowing, savings, your income or spending patterns need to be re-examined regularly.
Carrying out a review will assist you to identify where your finances can be improved and maybe where you should make improvements.
It is essential to re assess your Savings & Investments, to ascertain they are suitable to the level of risk you are inclined to bear. It is also worth looking at your credit cards, gas & electricity as well as insurance to see if you could get an improved deal. Even a little saving could make a difference to your regular budget.
Making the most of your yearly tax allowances such as ISAs, capital gains tax allowances and retirement planning are also ways of cutting the level of taxation you might pay.
Whilst income and capital gains tax are significant, the effect of inheritance tax should also be thought about.
Many people possess assets in excess of the value of the Inheritance Tax Nil Rate band. Competent tax advice can be used to cut the amount of tax their estates might have to pay.
For numerous people, the functions provided by Financial Advisers assist them to re-examine and implement changes to their finances and savings.
If you think that you would benefit from independent financial advice please contact us on 01454 321511.
Consilium Asset Management
