We find that working with clients in their 30s and 40s the most exciting and rewarding. We understand that this is a time of life when your outgoings will be high and the scope for additional savings, investments and protection may be low. We will help you prioritise your financial objective and focus on the elements of your financial plan that are affordable.
We want to join you on your journey and be there when you are enjoying the fruits of your labours. With our professional expertise guiding your financial decisions, this time may arrive sooner than you thought possible.
Taking advantage of our premium service will mean that we continue to take an active role in your financial planning as you move in to the higher and additional rate income tax brackets. We will be there to ensure that you understand the tax benefits and impairments of your different investment “wrappers” and that your contributions are made in a tax efficient way.
This is the time of life when small adjustments to your pension contributions can lead to substantial benefits later in life.
When will “later in life” come? We believe that it starts at the point at which, if you are still working, it is because you choose to work, not because you have to. This financial freedom will look different to different people and how you use a pension fund to save for this will be unique to you.
Pension funds cannot usually be accessed until at least the age of 55 and this minimum age may be higher for anyone born from 6 April 1971 onwards. The tax advantages of saving into a pension scheme however, often out-weighing the inconvenience of this restricted access.
If you want to achieve financial freedom before you reach your late 50s, then there are other tax efficient investment products that can be used.
We can help you figure out which route is best for you.
Pension funds cannot usually be accessed until at least the age of 55 and this minimum age may be higher for anyone born from 6 April 1971 onwards. The tax advantages of saving into a pension scheme however, often out-weighing the inconvenience of this restricted access.
Although pensions offer excellent tax advantages, they aren’t appropriate if you want flexible access to your money at any time.
If you haven’t yet purchased your first home, we will advise you on how to access any government saving incentives that may be available to you through the use of an appropriate ISA…more We will also help you understand how tax on different methods of saving can be affected by your level of income so that we choose the right financial product.
This isn’t just for the rich; you may only have a couple of hundred pounds a month to save, or perhaps a couple of thousand. Either way, adding our professional expertise could be transformational to your savings.
We will help you maximise your savings based on how soon you want to access the money, how you feel about investment risk, and how much you want the money to grow by.
An ISA is a medium to long term investment, which aims to increase the value of the money you invest for growth or income or both. The value of your investments and any income from them can fall as well as rise. You may not get back the amount you invested.
Finding the right financial protection to meet your needs today, and in the years to come, is an essential element of your financial products portfolio. Getting the right cover in place now could ensure you avoid substantial increases in premiums in your 50s and 60s.
Some insurance products can be fairly straight forward but in order to get the best value for money it is important to source the right level of cover for your individual circumstances.
We are here to help you navigate this complex world. We help you quantify the likely costs associated with potential catastrophies that your family or business might face. We will take great care in our discussions around the potential implications of death, long-term illness and injuries on your finances and how we can best protect your standard of living.
Some mortgages can appear to be fairly straight forward but in this ever-changing sector it is important to know which products are going to suit your specific circumstances from the outset. We know which providers are more accommodating to the self-employed; which ones make it easier to extend your repayments into retirement; which ones take pension contributions off your income and which ones include them. Having this knowledge will prevent you from wasting time seeking agreements in principle from lenders that are less likely to favour your situation.
It can be soul destroying and potentially disastrous to your property purchase if underwriting issues crop up, or a problem emerges with the selected mortgage weeks or even months into the process.
Our mortgage and protection specialist, James Whittingham, is here to help you navigate this complex area.
He will guide you through a 5-stage process outlined here and make sure that everything runs as smoothly as it can.
Your home may be repossessed if you do not keep up repayments on your mortgage.
© 2020-2023 - Tunstall Financial Management Ltd
All rights reserved.
Designed and produced by RHDC.
| Cookie Policy
| Privacy Policy
