Investments
The tricky thing with investing is deciding how to use your money. Do you want to try something risky with big potential rewards or something safer? An IFA can work with you to compare all of the options and decide on a strategy. This could include different types of savings, investing in stocks, investment ISAs, and more. The adviser can then provide a management service for a portfolio.
Pensions
IFAs can offer a huge amount of value when it comes to pension planning. They can provide support with everything from deciding on personal pensions to looking at what kind of pot you need to build and how to draw money out in the future. Working with an expert can help you to maximise your wealth. They can also look at things like company pension transfers and how to get the best deal here.
Mortgages
There are lots of options with mortgages to offer products to suit most needs. However, you need to read the fine print to make sure you choose the right one. It may be a good idea to ask a financial adviser for mortgage reviews. They can compare different ones for you and clarify what they entail. This could be a typical mortgage or buy to let. In addition, you can ask an IFA about equity release and how to safely release money from your home.
Tax & Trusts
Many people have concerns about their estates. How can you make sure that people follow your wishes? One thing you can do is work with an IFA to organise a trust. They can also help you to understand inheritance tax and ways you can reduce it so the Government does not take as much of the estate.