Investments
Deciding what to do with your money can be very tricky. Talking to an IFA can really help you to settle on a plan. They can work with you to look at different options for savings, ISAs, securities, and more. Ultimately, they will help you to choose the right options to achieve your long term investment goals. advisers can even manage stock portfolios for you.
Pensions
An IFA can be a fantastic resource when you get to pension planning. Their input can be invaluable, particularly in terms of deciding what type of personal pensions to choose and how to build your pension pot. They can also help to look at things like drawdown and how to get the right monthly income when you retire. This can also involve company pension transfers.
Mortgages
Independent financial advisers are great to talk to if you want to look at mortgage reviews before you commit. This can ensure you choose the right deal for you. It is especially wise to talk to someone about buy to let as the products are different to standard mortgages. That means there are different responsibilities and requirements. A lot of people look at equity release later in life too. An IFA can provide advice here to see if it is right for you.
Tax & Trusts
Whatever the size of your estate, it is important to get everything in order. One of the most important things to look at is inheritance tax and trusts. There may be several ways you can reduce the amount of tax you would pay on your estate. You can also set up a trust to make financial arrangements for family. An IFA can help with this.