FINANCIAL PLANNING

COMBINED TAX & FINANCIAL PLANNING

Financial advice combined with efficient tax planning, making sure you have all bases covered. We work with handpicked Independent Financial Advisers (IFAs) to help you achieve your long-term financial goals. 

We have worked with the same IFAs for over 10 years, getting to know them, their advice and results. We work alongside the IFAs to make sure your financial decisions complement your tax position and long-term business goals. Below are some areas our IFAs can help you with:

  • Pension planning
  • Final salary pensions
  • Investment Management
  • Life Insurance
  • Critical Illness cover

PENSION PLANNING

Put simply, pensions are complicated. Whilst at TFA we can advise you on the ever-changing tax rules relating to pension contributions and drawing pensions in later life, our IFAs can assist with managing your pension fund and planning your retirement income.

Pension contributions are regularly used as part of a tax planning strategy – mitigating tax payable in your working life to enhance the funds available in retirement. The pension advice we can provide includes:

  • Pension contribution Annual Allowance analysis
  • Projected retirement income
  • Pension Lifetime Allowance analysis
  • Taking your pension
  • Final salary pension analysis
  • SIPP & SSAS including investing in commercial property
  • Inheritance Tax planning with pensions

INVESTMENT MANAGEMENT

Whether you’ve accumulated wealth in your lifetime, inherited a large sum or have a significant pension fund, our IFAs can help you invest this for the future. Taking into account your attitude to risk and long-term objectives, a bespoke financial plan can be put in place for you. Key areas of advice include:

  • How, where and how much to invest
  • Recommendations of investment managers
  • Regular reviews and reports
  • Income extraction

LIFE INSURANCE & CRITICAL ILLNESS

Planning for the worst is not top of everyone’s to-do list. This doesn’t mean you shouldn’t give it some thought. Whether it’s designed to pay off debts or to make a time of distress easier for your loved ones, life or critical illness insurance can prove invaluable.

Our IFAs can guide you through the options and advise what cover is available, the cost and value to you.

  • Life Insurance: Paid out on death – often set up to pay off debts or potential Inheritance Tax liabilities.
  • Critical Illness Cover: This is insurance designed to pay out in the event you become critically ill. This may mean you cannot go to work, and a lump sum pay-out is used to support your family.

 

Get in touch today to discuss the financial advice you need and how our combined tax and financial advice service can benefit you.