Time to Review Your Financial Situation

For numerous individuals Two thousand and nine was a year to forget. A global recession, stock market turbulence and an overall belief of unease have left a lot of individuals feeling doubtful about next year.

Hopefully 2010 will be a more satisfactory year. Yet there are measures we can put into place to improve our .

1 thing we can do to get the situation into perspective is to re-examine our financial status. Whether it is your mortgages, loans, investments, income or purchasing patterns need to be surveyed regularly.
Carrying out a review will assist you to discover where your finances can be improved and maybe where you should make changes.

It is vital to re-examine your investments and savings, to verify they are acceptable to the level of risk you are happy to take. It is also worth looking at your credit cards, gas & electricity as well as household and car insurance to see if you could get an improved deal. Even a small saving could make a difference to your regular budget.

Making the most of your yearly tax allowances such as ISAs, CGT allowances and retirement planning are also ways of keeping down the level of tax you could pay.
Whilst income and capital gains tax are significant, the effect of inheritance tax should too be thought about.

Many people own assets over the value of the IHT Nil Rate band. Competent tax advice can be used to cut back the total amount of tax their estates might have to pay.

For lots of individuals, the services provided by Financial Advisers allow them to review and put into place changes to their finances.

If you believe that you would gain from independent and impartial financial advice please contact us on 01454 321511.

Consilium Asset Management

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