Investments
The right kind of investments can help your money to grow at a healthy rate. However, there are risks. An IFA can work with you to increase your chance of being successful here. They can share advice about everything from investment ISAs to stocks and shares. More importantly, they can work with you to decide on a goal and the best way to achieve it. This can make the most of your savings. IFAs are also the best choice to manage your portfolio.
Pensions
It is a good idea to look at different types of personal pensions as soon as you can. That gives you more time to decide which is best for you and to pay into it so you build a nice pension pot. You can talk to an IFA about this as well as other aspects of pension planning. It can give you more confidence you will have the right finances in the future. Plus, you can get help with company pension transfers if you need to move the money safely.
Mortgages
A mortgage is a big commitment, regardless of the size of your deposit and the length. It is always a good idea to get some advice here. An IFA can help, looking at your finances to make sure you choose a deal that will work for you. advisers are also great to speak to if you are looking at buy to let. These properties can be good investments but there are rules to follow and the mortgages can be different. In addition, you can talk to IFAs about equity release.
Tax & Trusts
There are a number of important things to look at when you plan your estate. It is a good idea to start with inheritance tax and how much you will have to pay. IFAs can give you support here and look at ways to reduce it. Plus, some people would benefit from setting up trusts. An IFA can go over all of this with you and arrange trust planning.