Financial Planning
Savings
This might be saving for particulate events in future, planning ahead, knowing what you need to save for and where it should be saved. We can help you budget and work out how much you can afford to save and where best for your savings to work harder for you! We will always ensure your savings are invested in the most tax efficient way by use of ISA’s.
Investments
It is our focus to ensure your money is invested to get the best possible return and/or income. We all know bank deposit accounts or ISA deposit accounts are only returning around 1-2% and if inflation is running higher than this and your money could actually be losing value. We have access to products which include ISAs, Investment bonds, IHT planning tools such as Structured Deposits and many other solutions all explained in simple terms so that you can make the best decisions.
Inheritance Tax Planning – do you have inheritance liability?
Inheritance tax can cost loved ones hundreds of thousands in event of your death. Yet with proper planning it is easy to reduce and sometimes avoid paying this tax altogether. We will check if you have an IHT liability and can advise you how to plan to avoid or reduce it!
Retirement Planning
Some of the questions you need to think about are - what age do you want to retire? What are your plans for retirement, how much money do you need to fund these plans? How are we going to achieve this? Do you have a pension that’s frozen and isn’t working for you that needs reviewed? It is essential to start planning for your retirement as early as possible, the earlier you start the more likely you will be able to achieve your retirement goals!
At Retirement
Are you close to Retirement or have you retired? Have you had proper advice with regards your options? The law has recently changed allowing you to access your pension at retirement, however it is key to receive the right advice to ensure you are accessing your pension benefits in most tax efficient way.
Business Protection
If you are the Director of a limited company or a sole trader it is important that you have the right protection in place if anything goes wrong. Proper planning is like a business will and covers things such as death of a shareholder and ensuring there is enough money to buy out their share in event of death. Or that the business is properly protected against a key person becoming ill. All of these matters are essential to protect the future of your business and we will help guide you through the many options.
Will - Have you made a will?
We will engage our solicitors to arrange and advise you on your will as part of our package. We can help and guide your initial thoughts to get you started!
Annual Reviews
To check we are on track for above we review things such as any changes in your financial goals or aspirations, performance of savings investments, pension and retirement position, any other change in circumstances or tax position or income etc.
Important Information:
- Will writing Is not part of the Openwork offering and is offered in our own right. Openwork Limited accepts no responsibility for this aspect of our business. Will writing is not regulated by the Financial Conduct Authority.
- The value of investments and any income from them can fall as well as rise. You may not get back the amount originally invested.
- HM Revenue and Customs practice and the law relating to taxation are complex and subject to individual circumstances and changes which cannot be foreseen
