Investments
One reason you may want to work with an IFA is to explore all of the various options for investing. You may not have a lot of experience here and there are risks with different types of investments. IFAs can work with you to decide what to do, whether it is traditional savings, investment ISAs, or something else. An adviser can also provide an ongoing stockbroker managed portfolio service if you buy stocks and shares.
Pensions
Another time when you should definitely speak to an IFA is if you are getting stuck into pension planning. Making provisions for your financial future after retirement is really important. advisers can work with you to discuss the pros and cons of different personal pensions. They can also assist you with things like company pension transfers and accessing your money.
Mortgages
Some people choose to talk to a mortgage adviser when they plan to buy a property. You can get a similar high quality service from an IFA. They can look at mortgage reviews, buy to let, and more. Plus, you can talk to advisers about equity release later in life. It is a popular way to release money from your home but it does come with risks. It is better to talk to an expert before you rush into it.
Tax & Trusts
IFAs are also a wonderful resource if you have trouble with arranging your estate. They can give you lots of useful advice here. One thing in particular you may want to talk about is inheritance tax. There are many things you can do to reduce it. Trusts can also be a great idea and an IFA can give you lots of advice about trust planning.