A brief guide to Financial Planning Guide financial planning

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "A brief guide to Financial Planning Guide financial planning"

Transcription

1 A brief guide to Financial Planningplanning Guide financial

2 Table of Contents Financial Planning The Process of Financial Planning Why do I need a Financial Plan? Do I need a Financial Advisor? Tips to Creating a Financial Plan Page Monthly Budget 2. Debt 3. Credit Cards 4. Savings & Investments 5. Retirement 6.Insurances Protection Planning 7. Wills & Estate Planning 8. Review Financial Planning Summary Page 6 Meet u s a free for consul tation

3 3 Financial Planning Like everything in life we need to plan and be organised to ensure the best possible outcome, the same is true about financial planning. Financial Planning is about creating a long term plan to ensure your lifetime goals are met through clever management of your finances. By creating a financial plan you can track your performance and make adjustments to ensure you are on target to meet your goals. Financial Planning is a life time commitment and the process includes continuous reviewing but the rewards at the end are worth it to have a good retirement. The Process of Financial Planning List down your personal goals (i.e. Purchase a family home create a educational plan, setup a retirement plan, buy a holiday home) What is your Current Financial Position (Income, Expenditure, Financial Commitments, disposal income, renting, paying a mortgage etc) Create a Financial Plan (Begin to put in place a realistic time frame for each of your financial goals, perhaps break them down over Short term 1-5 years, Medium term 5-10 years and Long term 10 + years Implement the Plan (Start your plan immediately, don t wait as the longer your leave it the less time you have to achieve it) Reviews (It is important to review your plan regularly to ensure you are on target and more importantly if you are not on target you can adjust your plan quickly) Why do I need a Financial Plan? A financial plan will ensure that your future is more secure and will help you make clear decisive decisions about your finances with your personal goals in mind. It will help you to save for life events such as children s education, buying a holiday home and most importantly a comfortable retirement. Do I need a Financial Advisor? Financial Brokers add significant value to the lives of their clients. This is a fact. Some people can create, implement and management their own finances very successfully but it does take time, expertise and continuous commitment so others decide to engage the services of a financial advisor who will do the hard work for you for a fee. This service however can prove to be very rewarding in the long term because by working with a financial advisor it will ensure that your financial plan remains on target and is reviewed and adjusted accordingly to meet your personal goals but also to implement the changes and challenges that may happen throughout your lifetime to keep you on target to meet your goals. Research shows that consumers who have used a financial broker:

4 4 Tips to Creating a Financial Plan 1. Create a Monthly Budget Know exactly what money comes into and paid out of your household monthly only then you can start to make changes to your spending habits. Create a monthly budget and stick to it, allow for months when you have to pay for car insurance, tax, children going back to school, holidays, birthdays, Christmas etc. 2. Debt There are different types of debt short term and long term, short term debt like personal loans and car loans tend to be more expensive with higher charges than say long term debt such as a mortgage, therefore it is important that you pay off short term debt quickly. Before you decide to take out personal loans know your repayment and the cost of credit for this loan and also the interest rate you are on. Perhaps you will then decide that it is far more sensible to save for what you need rather than borrow. 3. Credit Cards Using credit cards can be addictive and sometimes we forget that this is real money and has to be paid back at usually very high interest rates, when you use cash it can be a good deterrent to put us off paying too much for something or make us realise that we need to save for this rather than just buying it there and then (i.e. holidays). Interest rates charges range from 13 23% depending on the APR on your card. By only paying off the minimum repayment monthly you will have higher interest charges so it is important to pay off as much as you can. Also there are additional charges for going above you limit, cash advances, foreign exchange fees, late payment fees, stamp duty etc so know what you are signing up to. 4. Savings & Investments It is very important that no matter how small amount that you save on a regular basis, because you never know when you will need additional money to pay for an unforeseen expense. Also the sooner and the younger you start saving them more likely it is that savings become part of your monthly budget. You should plan to save between 5 and 10% of your salary per month, set up a direct debit from your account to a savings account this will ensure that it is not forgotten about because all the other bills have to be paid. If you get a bonus annually it is a good idea to arrange for part of this to be put into an investment or pension. If you were to save a month over 20 years you would build a fund of 99, after tax based on an annual rate of return of 5.1%. *These figures are estimates only. They are not a reliable guide to the future performance of this investment.

5 5 5. Retirement This is a daunting area but one of the most important areas of financial planning and should really start from the first day you receive an income to ensure that you have the best possible retirement that you deserve having worked hard all your life. There are so many types of pensions and pension providers on the market; this is why it is important to choose the correct one to suit your individual requirements and circumstances. By going to a Financial Advisor they will help you select the right product for you needs, they will know the market and the type of investments that would best suit you based on your risk profile and will help you decide on the best possible retirement plan for the future. Financial Planner is regulated by the Central Bank of Ireland, No C57761, Company Directors Brendan Kelly & Patricia Kelly, They will help you calculate how much you will need for retirement and by knowing you can then start to make contributions to a retirement plan. Retirement planning is a cost effective way of saving for your retirement as it offers tax relief on contributions at your marginal rate of tax. The percentage of your income you can get tax relief on for pension purposes depends on your age. It increases as you get older. Your age % of your income you can get tax relief on Under 30 15% 30 to 39 20% 40 to 49 25% 50 to 54 30% 55 to 59 35% 60 or over 40% For every 100 of your income that you invest in a pension, the real cost to you after tax relief is less. It costs you: 80 if you pay tax at 20% 60 if you pay tax at the top rate of 40% When you retire you can take part of your pension fund as a tax free lump sum the amount will de pend on the type of pension you have and how much tax free lump sum you have taken from other funds, all other pension income will then be taxed Insurances Protection Planning In life we also must be prepared for the unexpected events that life may throw at us such as losing a job, a loved one dying, becoming ill etc therefore it is important that we protect ourselves and our families. There are some insurance that we must have in place for example car insurance, mortgage protection but there are other insurances that we need to have in place to protect ourselves such as life assurance, home insurance, serious illness, health insurance, travel etc. When purchasing an insurance product it is important to know what you are covered for and that you get the best possible quotation on the market. On renewal of policies you should ring your financial advisor to make sure you are getting the best value for money never just except you first quote.

6 6 No matter what insurance policy you have you need to make sure that it is adequate to meet your current needs. Insurance should be reviewed as changing life events may mean that you need to alter your cover for example if you get married or have children you need to alter your life cover to reflect this. When something goes wrong you will need to make a claim, the first step is to check that you are covered by either ringing your Financial Advisor, Insurance Provider or checking the policy document. Remember you may be covered for the same loss under more than one policy for example if you lose money, camera etc on holidays you may be covered under your travel insurance policy and your home insurance all risk benefit. If you have a larger claim you may want to engage the services of an assessor who works on your behalf and will often negotiate with your insurance company to settle your claim. 7. Will & Estate Planning It is very important part of Financial Planning to have a Will in place. To create a will you will need to engage the services of a solicitor. A Will ensures that your estate is divided up according to your wishes. You should talk to a Tax Advisor or Financial Advisor regarding estate planning as they may be Financial Planner is regulated by the Central Bank of Ireland, No C57761, Company Directors Brendan Kelly & Patricia Kelly, able to put in place measures to reduce tax relating to inheritance in the event of your death. The regular review and monitoring of financial plans are crucial to ensuring success. 8. Review The key to Financial Planning is reviewing your plans to make sure you are on track to meet the goals you have set. A review allows you to make any adjustments to your plans to keep you on target or adjust your goals to suit your current financial circumstances. Financial Planning Summary People think that financial plans are for people with a lot of money but this is not true, financial plans are for people of all income levels. Studies show that people who have a comprehensive financial plan and what I mean as a comprehensive plan is one that covers savings and investments; planning for retirement, education, emergencies, major purchases, and other financial goals; and insurance needs are far more likely to reach their personal goals that people who do not have a plan. If you start saving in your 20 s you don t have to save as much, the longer you wait the more you have to save to reach those goals, the more time investments have to grow the less time money you save to reach those goals. Brendan Kelly, MD Financial Planner

A finance guide for working life

A finance guide for working life A finance guide for working life Contents Introduction Planning your short, medium and long-term needs 3 4 Your needs - our solutions The freedom to enjoy your money Savings to help pay for the important

More information

WHAT S INSIDE. Financial Planning. Starting out. Young families. Established families. Empty nesters. Retirement Getting the best advice

WHAT S INSIDE. Financial Planning. Starting out. Young families. Established families. Empty nesters. Retirement Getting the best advice FINANCIAL PLANNING If you re looking for advice on financial planning, this guide explains some of the things you may need to consider. We hope you find this guide and the important pointers to each life

More information

Financial Planning in Your 20s and 30s

Financial Planning in Your 20s and 30s Financial Planning in Your 20s and 30s Financial planning varies throughout the different stages of life. Older people are often focused on planning for a comfortable retirement, while younger people often

More information

Get to know your options for protecting yourself and your family

Get to know your options for protecting yourself and your family Get to know your options for protecting yourself and your family LifeProtect Guide Allow us to introduce ourselves. We are Zurich. We are part of a global insurance group with Swiss roots. We are one of

More information

for independent information mortgages made easy

for independent information mortgages made easy for independent information mortgages made easy About us We are an independent watchdog set up by the Government to: regulate firms that provide financial services; and help you make informed decisions

More information

Guide to planning for your financial future

Guide to planning for your financial future Guide to planning for your financial future When you first start out in your career you might be thinking about paying back student debt, taking trips abroad or buying a car. And in a few years time, you

More information

PENSIONS INVESTMENTS LIFE INSURANCE SIMPLE GUIDE TO LIFE INSURANCE FOR PARENTS

PENSIONS INVESTMENTS LIFE INSURANCE SIMPLE GUIDE TO LIFE INSURANCE FOR PARENTS PENSIONS INVESTMENTS LIFE INSURANCE SIMPLE GUIDE TO LIFE INSURANCE FOR PARENTS 1 LIFE INSURANCE FOR PARENTS MADE EASY As parents we know that we need to protect ourselves, our families and homes against

More information

A Guide to Mortgages Creating your success through Financial Planning

A Guide to Mortgages Creating your success through Financial Planning & Guidance Contents What is a mortgage? 02 How do I start the process of obtaining a mortgage? 03 Loan to Value (LTV) 06 What is a Financial Broker? 06 Why would I need to use a Financial Broker? 07 Terms

More information

Family protection made easy

Family protection made easy Family protection made easy A guide to life assurance This product is provided by Irish Life Assurance plc. AIB has chosen Irish Life, Ireland s leading life and pensions provider, to provide its customers

More information

WHAT IS EQUITY RELEASE? WHY CONSIDER EQUITY RELEASE?

WHAT IS EQUITY RELEASE? WHY CONSIDER EQUITY RELEASE? WHAT IS EQUITY RELEASE? Equity Release can free some of the capital tied up in your home, while you continue to live there. This money can be in the form of a tax-free lump sum, a regular income or a combination

More information

A Guide to Life Insurance Cover Creating your success through Financial Planning

A Guide to Life Insurance Cover Creating your success through Financial Planning & Guidance A Guide to Life Insurance Cover A Guide to Life Insurance Cover Financial Broker Contents How can I protect my family financially if I die? 02 What is life insurance? 03 What is a Financial

More information

A Guide to Life Insurance Cover Creating your success through Financial Planning

A Guide to Life Insurance Cover Creating your success through Financial Planning & Guidance A Guide to Life Insurance Cover Contents How can I protect my family financially if I die? 02 What is life insurance? 03 What is a Financial Broker? 06 Why would I need to use a Financial Broker?

More information

Your retirement could have even more going for it

Your retirement could have even more going for it Your retirement could have even more going for it A straightforward guide to equity release For no obligation advice: call 0800 015 0993 www.justretirementsolutions.com Contents Imagine what you could

More information

FAMILY PROTECTION MADE EASY. A guide to life assurance

FAMILY PROTECTION MADE EASY. A guide to life assurance FAMILY PROTECTION MADE EASY A guide to life assurance INTRODUCTION Your Health is your Wealth - I genuinely believe that to be true. I work in the A&E Department of a large hospital and every day I see

More information

Equity Release Guide. Helping you make the right decision. nationwide service all lenders available personal visits. www.therightequityrelease.co.

Equity Release Guide. Helping you make the right decision. nationwide service all lenders available personal visits. www.therightequityrelease.co. Equity Release Guide 0800 612 5749 www.therightequityrelease.co.uk Helping you make the right decision nationwide service all lenders available personal visits 1 Welcome to The Right Equity Release Who

More information

Life and protection insurance explained

Life and protection insurance explained protection? Life and protection explained A guide to personal and family protection This guide explains the types of life and protection available and how they can offer you valuable peace of mind. If

More information

EQUITY RELEASE GUIDE. Everything you need to know about equity release.

EQUITY RELEASE GUIDE. Everything you need to know about equity release. EQUITY RELEASE GUIDE Everything you need to know about equity release. An informative guide from the equity release specialists The informative guide to equity release... Equity release has come a long

More information

Life Insurance made easy

Life Insurance made easy Life Insurance made easy INTRODUCTION Your Health is your Wealth - I genuinely believe that to be true. I work in the A&E Department of a large hospital and every day I see the challenges people face in

More information

MORTGAGE FACTSHEET -1-

MORTGAGE FACTSHEET -1- MORTGAGE FACTSHEET Choosing and obtaining a mortgage is not a simple task these days - whether you are a first time buyer, moving home, or remortgaging as you reach the end of your current incentive. This

More information

Residential mortgages general information

Residential mortgages general information Residential mortgages general information Residential mortgages general information 2 Contents Who we are and what we do 2 Forms of security 2 Representative Example 2 Indication of possible further costs

More information

LEGAL & GENERAL HOME FINANCE. Guide to Lifetime Mortgages

LEGAL & GENERAL HOME FINANCE. Guide to Lifetime Mortgages LEGAL & GENERAL HOME FINANCE Guide to Lifetime Mortgages A lifetime mortgage could give you the freedom to really enjoy your retirement. We re delighted you re finding out more about lifetime mortgages.

More information

PENSIONS INVESTMENTS LIFE INSURANCE UNDERSTANDING LIFE INSURANCE

PENSIONS INVESTMENTS LIFE INSURANCE UNDERSTANDING LIFE INSURANCE PENSIONS INVESTMENTS LIFE INSURANCE UNDERSTANDING LIFE INSURANCE 1 LIFE INSURANCE - WHAT IS IT? Life insurance plans (also known as protection plans) can help protect your family financially if something

More information

LEGAL & GENERAL HOME FINANCE. Guide to Lifetime Mortgages

LEGAL & GENERAL HOME FINANCE. Guide to Lifetime Mortgages LEGAL & GENERAL HOME FINANCE Guide to Lifetime Mortgages A lifetime mortgage could give you the freedom to really enjoy your retirement. We re delighted you re finding out more about lifetime mortgages.

More information

Choosing life policies

Choosing life policies Choosing life policies CHOOSING LIFE POLICIES Most people believe that life insurance is a good thing. For most of us, it underpins our financial planning, protecting our family, while for others it can

More information

Simple Guide to Life Insurance for Parents

Simple Guide to Life Insurance for Parents Simple Guide to Life Insurance for Parents INTRODUCTION Your Health is your Wealth - I genuinely believe that to be true. I work in the A&E Department of a large hospital and every day I see the challenges

More information

Click on the sections below to take you straight to the specific area you wish to view without scrolling all the way through the document...

Click on the sections below to take you straight to the specific area you wish to view without scrolling all the way through the document... SAVING MATTERS If you re looking for ways to save your money, this guide explains some of the things you need to consider. We hope you find this guide useful as a first step in your research before deciding

More information

Your first home. A guide to buying for the first time

Your first home. A guide to buying for the first time Your first home A guide to buying for the first time 2 Your guide to getting it right You re planning on buying a place of your own at last. It will be your space and no one else s. It s an exciting thought.

More information

MORE CHOICE MORTGAGE CENTRE MORTGAGE GUIDE

MORE CHOICE MORTGAGE CENTRE MORTGAGE GUIDE MORE CHOICE MORTGAGE CENTRE MORTGAGE GUIDE All you need to know about buying and protecting your home THE FSA More Choice Financial Ltd, The Rufus Centre, Steppingley Road, Flitwick Beds MK45 1AH is authorised

More information

Keeping up with mortgage repayments

Keeping up with mortgage repayments Keeping up with mortgage repayments This information is an extract from the booklet Housing costs, which is part of our Financial guidance series. You may find the full booklet helpful. We can send you

More information

Changing the shape of British retirement. www.homewise.co.uk

Changing the shape of British retirement. www.homewise.co.uk Changing the shape of British retirement Free Phone 0800 043 33 66 About us Welcome to Homewise Like many people, you may have spent years looking forward to a dream retirement lifestyle, perhaps wanting

More information

Everything you need to know about equity release.

Everything you need to know about equity release. Everything you need to know about equity release. An informative guide from the equity release specialists Welcome to the Retiredom guide to equity release. Equity release has come a long way since regulation

More information

Independent consumer guide to life insurance

Independent consumer guide to life insurance Independent consumer guide to life insurance Who we are and what we do The Irish Financial Services Regulatory Authority was established in May 2003 to regulate financial services firms in Ireland. Our

More information

Your Mortgage Guide. The Exchange. Property Services Mortgage Services Letting & Management Services Conveyancing Services

Your Mortgage Guide. The Exchange. Property Services Mortgage Services Letting & Management Services Conveyancing Services The Exchange Property Services Mortgage Services Letting & Management Services Conveyancing Services Your Mortgage Guide Contents: Introduction... 3 The Financial Services Authority (FCA)... 3 What is

More information

A brief guide. DIY Financial Planning

A brief guide. DIY Financial Planning A brief guide to DIY Financial Planning by Jane Wheeler FIFP, CFP CM, APFS Jane Wheeler 2012 Contents Page Why plan? 2 Setting your goals 3 Working out the cost of achieving your goals 4 Where are you

More information

Life Insurance Information Guide

Life Insurance Information Guide Life Insurance Information Guide Chapter 1 Mortgage Insurance vs. Life Insurance Talking about your death is never easy or fun, but it is essential. When organizing your finances to provide for your family

More information

Stage Three: Planning for your child s future

Stage Three: Planning for your child s future 44 Baby Steps Stage Three: Planning for your child s future When you have a family looking ahead and planning your finances into the future is more important than ever. This stage of the guide gives you

More information

Equity release using your home to get a cash sum

Equity release using your home to get a cash sum Equity release using your home to get a cash sum for independent information About us We are an independent watchdog set up by the Government to: regulate firms that provide financial services; and help

More information

MORTGAGES4REAL LIMITED

MORTGAGES4REAL LIMITED WELCOME TO MIKE ROGERSON.CO.UK ESTATE AGENTS SURVEYORS LETTINGS MANGEMENT MIKE ROGERSON MORTGAGES4REAL LIMITED We know that taking out a mortgage will probably be the biggest financial commitment you can

More information

Life insurance. Shedding light on. a practical guide to helping you achieve a lifetime of financial security

Life insurance. Shedding light on. a practical guide to helping you achieve a lifetime of financial security Shedding light on Life insurance a practical guide to helping you achieve a lifetime of financial security Learn more about: Safeguarding your loved ones Protecting your future Ensuring your dreams live

More information

WAYS TO WEALTH - IN YOUR 20's TIME TO GET SMART WITH YOUR MONEY

WAYS TO WEALTH - IN YOUR 20's TIME TO GET SMART WITH YOUR MONEY WAYS TO WEALTH - IN YOUR 20's TIME TO GET SMART WITH YOUR MONEY Whether you're studying, working or travelling, living at home or with friends, saving to buy your own place or you have a mortgage, now

More information

A Guide to Equity Release in Retirement

A Guide to Equity Release in Retirement A Guide to Equity Release in Retirement 1. Introduction For the retirement you deserve 2. What is Equity Release? 3. Equity Release Plans The options available to you 4. The Application Process 5. Questions

More information

MABS Guide to the Personal Insolvency Act, 2012

MABS Guide to the Personal Insolvency Act, 2012 MABS Guide to the Personal Insolvency Act, 2012 DISCLAIMER: This Guide is for general information purposes only and does not constitute legal, financial or other professional advice. Specific advice should

More information

A guide to the pension changes in April 2015

A guide to the pension changes in April 2015 A guide to the pension changes in April 2015 106027837.indd 1 05/01/2015 10:00 Contents What do the changes mean for you? 3 Summary of the changes from 6 April 2015 5 What s changed in practice? 6 How

More information

Helping your loved ones. Simple steps to providing for your family and friends

Helping your loved ones. Simple steps to providing for your family and friends Helping your loved ones Simple steps to providing for your family and friends Contents 01 How can I take control of who gets what? 02 Inheritance Tax 04 Do you know how much you re worth? 06 Making lifetime

More information

Is equity release the right choice for you? Protecting yourself If it isn t right for you, what are the alternatives?

Is equity release the right choice for you? Protecting yourself If it isn t right for you, what are the alternatives? Buyer s Guide : Content Page 1: What is equity release? Page 2: Is equity release the right choice for you? Page 3: Protecting yourself If it isn t right for you, what are the alternatives? Page 4: Lifetime

More information

Your Guide to Equity Release

Your Guide to Equity Release Equity release has enabled me to go on more holidays, purchase a new car and make some major household purchases. The service provided met our financial needs in an efficient and helpful way. John, Sutton

More information

Pathways Shared Equity Loan

Pathways Shared Equity Loan Department of Housing and Public Works Pathways Shared Equity Loan Become a home owner by purchasing a share of the property you are renting Questions and Answers Booklet Great state. Great opportunity.

More information

GUIDETHE. first home buyers GOLDEN RULES. Finding the right home loan. GRANTS, CONCESSIONS, LOAN TYPES, LMI & much more.

GUIDETHE. first home buyers GOLDEN RULES. Finding the right home loan. GRANTS, CONCESSIONS, LOAN TYPES, LMI & much more. first home buyers GUIDETHE GOLDEN RULES GRANTS, CONCESSIONS, LOAN TYPES, LMI & much more Finding the right home loan Compliments of Let s Finance First Home Buyers Guide 1 Congratulations! You ve just

More information

Chadwick s. Equity Release

Chadwick s. Equity Release c Independent Chadwick s Financial Advisers Equity Release Contents Chadwick s IFA Page 4 Equity Release Page 5 Lifetime Mortgages Page 6 Home Reversion Schemes Page 7 Considerations Pages 8&9 Safe Guards

More information

Financial planning. We ll help you with your financial life planning. www.zugerkb.ch

Financial planning. We ll help you with your financial life planning. www.zugerkb.ch Financial planning We ll help you with your financial life planning. www.zugerkb.ch Financial planning is life planning We are delighted to provide you with expert support Whatever your future plans, appropriate

More information

What You Should Know About Buying. Life Insurance

What You Should Know About Buying. Life Insurance What You Should Know About Buying Life Insurance Life insurance is the foundation of financial security for you and your family. It protects your financial resources against the uncertainties of life so

More information

Life Assurance issues for Cohabiting Couples

Life Assurance issues for Cohabiting Couples Life Assurance issues for Cohabiting Couples Issues on Separation / Divorce Caitriona Gaffney Irish Life Introduction The trend for couples to co-habit rather than marry has become increasingly more common

More information

Your guide to. Equity Release. with no obligation

Your guide to. Equity Release. with no obligation Your guide to Equity Release Expert advice with no obligation Your introduction to equity release Your retirement should give you the freedom to do all the things in life you haven t had time for. However,

More information

Financial Planning & Guidance RSA. A Guide to Personal Retirement Savings Accounts (PRSAs) Creating your success through Financial Planning

Financial Planning & Guidance RSA. A Guide to Personal Retirement Savings Accounts (PRSAs) Creating your success through Financial Planning & Guidance RSA A Guide to Personal Retirement Savings Accounts (PRSAs) Contents Why should I plan for my retirement? 02 What is a PRSA? 03 What is a Financial Broker? 06 Why would I need to use a Financial

More information

Life Insurance Life Advice

Life Insurance Life Advice Life Insurance Life Advice What to look for in life insurance Deciding to protect those who depend on us with a sufficient amount of life insurance protection is a responsible and caring act. Life insurance

More information

largeequityrelease.com EQUITY RELEASE GUIDE Speak to one of our specialists today on 020 3824 0904

largeequityrelease.com EQUITY RELEASE GUIDE Speak to one of our specialists today on 020 3824 0904 largeequityrelease.com EQUITY RELEASE GUIDE Speak to one of our specialists today on 020 3824 0904 CONTENTS What is equity release?... 3 How much money could I raise through an equity release?... 4 What

More information

A guide to mortgages

A guide to mortgages A guide to mortgages Contents An Introduction to mortgages 3 What is a mortgage? 4 Choosing a mortgage - where to start 5 What to consider before getting a mortgage? 6 Mortgage and repayment types 8 Interest

More information

A brief guide to DIY Financial Planning

A brief guide to DIY Financial Planning A brief guide to DIY Financial Planning by Jane Wheeler FIFP CFP CM APFS Jane Wheeler Contents Page Why plan? 2 Setting your goals 3 - Working out the cost of achieving your goals 4 Where are you now?

More information

THE RESPONSIBLE EQUITY RELEASE GUIDE. Everything you need to know about equity release.

THE RESPONSIBLE EQUITY RELEASE GUIDE. Everything you need to know about equity release. THE RESPONSIBLE EQUITY RELEASE GUIDE Everything you need to know about. An informative guide from the specialists Welcome to the Responsible guide to. Equity release has come a long way since regulation

More information

KEY GUIDE. Financial protection for you and your family

KEY GUIDE. Financial protection for you and your family KEY GUIDE Financial protection for you and your family Protecting what matters most Life and health insurance protection underpins most good financial planning. These types of insurance can ensure that

More information

Public Sector Employees Approaching Retirement

Public Sector Employees Approaching Retirement Public Sector Employees Approaching Retirement Sub-Title taking care of you... Planning for retirement Contents Planning for retirement 4 Retirement Lump Sum 5 Additional Pension 6 Sample Illustrations

More information

The five-step plan to a better retirement. A step by step guide to organising your finances

The five-step plan to a better retirement. A step by step guide to organising your finances The five-step plan to a better retirement A step by step guide to organising your finances This is one of the biggest financial decisions you ll make so it s important to get it right. At Fidelity we strongly

More information

Mortgage Term Glossary

Mortgage Term Glossary Mortgage Term Glossary Advance - The mortgage Loan. Adverse Credit - This is the term used if the borrower has suffered a poor credit history. This could include previous mortgage or loan arrears, CCJ's

More information

Prepared by the National Association of Insurance Commissioners. This guide does not endorse any company or policy.

Prepared by the National Association of Insurance Commissioners. This guide does not endorse any company or policy. Prepared by the National Association of Insurance Commissioners The National Association of Insurance Commissioners is an association of state insurance regulatory officials. This association helps the

More information

What is Life Cover? Ensure the financial survival of your business, in the event of the death of a key employee or director.

What is Life Cover? Ensure the financial survival of your business, in the event of the death of a key employee or director. What is Life Cover? Life cover pays out a lump sum of money if the individual insured dies within a certain time period i.e. during the term of the policy. It is a lump sum and it can be used for a number

More information

What You Should Know About Buying. Life Insurance

What You Should Know About Buying. Life Insurance What You Should Know About Buying Life Insurance Life insurance is the foundation of financial security for you and your family. It protects your financial resources against the uncertainties of life so

More information

When Finances Go Wrong - Debt

When Finances Go Wrong - Debt When Finances Go Wrong - Debt Very few people now have no debt at all after all a mobile phone contract, or your rent/mortgage are both debts. It becomes an issue for people when they cannot meet the payments

More information

Equity Release Guide. www.seniorissues.co.uk

Equity Release Guide. www.seniorissues.co.uk Equity Release Guide www.seniorissues.co.uk For more information or to speak to one of our trained advisers please telephone our Senior Issues Team on 0845 855 4411 The Caesar & Howie Group 7/3/2008 EQUITY

More information

A CONVERSATION ABOUT MONEY. Q. What is a spending plan? 1. Where am I now? 2. Where do I want to be? 3. How will I get there?

A CONVERSATION ABOUT MONEY. Q. What is a spending plan? 1. Where am I now? 2. Where do I want to be? 3. How will I get there? You and Your Money This publication is intended to provide general information only and is not a substitute for legal advice. WHAT S INSIDE SO HOW DO YOU SPEND YOUR MONEY?...2 WHERE AM I NOW?...3 HOW WILL

More information

Life and Protection Insurance explained

Life and Protection Insurance explained OPW 01 (03/11) Demographik Life and Protection Insurance explained Openwork Limited is authorised and regulated by the Financial Services Authority. Registered in England 4399725. Registered office: Tri

More information

First Time Buyers. A guide to owning your first home

First Time Buyers. A guide to owning your first home First Time Buyers A guide to owning your first home Helping you to get on the property ladder Fed up living with others? Been dreaming of owning your own home? If the answer is yes, then take a look at

More information

PENSIONS PERSONAL PENSION TERM ASSURANCE

PENSIONS PERSONAL PENSION TERM ASSURANCE PENSIONS PERSONAL PENSION TERM ASSURANCE PERSONAL PENSION TERM ASSURANCE At a glance Personal Pension Term Assurance To provide life cover for your family in the event of your untimely death. Tax relief

More information

Stage One: Planning for your baby s arrival

Stage One: Planning for your baby s arrival 4 Baby Steps Stage One: Planning for your baby s arrival Your bundle of joy can also bring big expenses, even before he or she is born. Spending a bit of time planning your finances before your baby arrives

More information

Tips for First Time Home Buyers

Tips for First Time Home Buyers Tips for First Time Home Buyers Thinking about buying your first home? Andrew L. Jaloza & Associates will help you understand the process of home ownership so you can make informed decisions about your

More information

Customer Guide. to lifetime mortgages. more 2 choose a range of lifetime mortgage plans to suit every need

Customer Guide. to lifetime mortgages. more 2 choose a range of lifetime mortgage plans to suit every need Customer Guide to lifetime mortgages more 2 choose a range of lifetime mortgage plans to suit every need From one of the UK s largest retirement lending specialists Please speak to your adviser for further

More information

EBS guide to managing your mortgage

EBS guide to managing your mortgage EBS Limited is regulated by the Central Bank of Ireland EBS Limited The EBS Building, 2 Burlington Road, Dublin 4. Registered No. 500748 EBS guide to managing your mortgage EBS345 05.13 Our guide aims

More information

Your Guide to Equity Release

Your Guide to Equity Release Equity release has provided me with financial stability. I now have the opportunity to help my family, go on holiday, and make some home improvements. Mr W, East Sussex Your Guide to Equity Release Contents

More information

What you should know about Financial Planning

What you should know about Financial Planning What you should know about Financial Planning The Financial Planning Process and its benefits You may have come across the term financial planning and wondered what it means. You may have decided to start

More information

retirement planning the retirement you want Heineken UK Flexible Retirement Plan

retirement planning the retirement you want Heineken UK Flexible Retirement Plan my retirement planning the retirement you want Heineken UK Flexible Retirement Plan Contents Get an overview of the Heineken UK Flexible Retirement Plan What is the Flexible Retirement Plan? 4 Your benefits

More information

Deciphering Life Insurance Options: How Choosing the Right Policy Can Help Safeguard Your Earning Potential and Savings

Deciphering Life Insurance Options: How Choosing the Right Policy Can Help Safeguard Your Earning Potential and Savings How Choosing the Right Policy Can Help Safeguard Your Earning Potential and Savings 1 Many people think of life insurance as something they ll need when they get a bit older and want to ensure their loved

More information

Your retirement income. Exploring your options

Your retirement income. Exploring your options Your retirement income Exploring your options Contents 02 What do you want to do with your pension fund? 07 A regular retirement income for the rest of your life 10 A flexible income from a Self Invested

More information

Fixed Deferred Annuities

Fixed Deferred Annuities Buyer Buyer s Guide to: s Guide to: Fixed Deferred Annuities Prepared by the Prepared by the National Association of Insurance Commissioners The National Association of Insurance Commissioners is an association

More information

A Guide to Buy Out Bonds

A Guide to Buy Out Bonds & Guidance OB A Guide to Buy Out Bonds A Guide to Buy Out Bonds Financial Broker Contents I ve moved jobs a couple of times over the years, how do I keep 02 track of my pensions? My former employer is

More information

A Guide to Buy Out Bonds Creating your success through Financial Planning

A Guide to Buy Out Bonds Creating your success through Financial Planning & Guidance OB A Guide to Buy Out Bonds Contents I ve moved jobs a couple of times over the years, how do I keep 02 track of my pensions? My former employer is winding up its defined benefit pension scheme.

More information

Shared Home Investment Plan Limited. because life is worth living

Shared Home Investment Plan Limited. because life is worth living Shared Home Investment Plan Limited because life is worth living About S.H.I.P.? Shared Home Investment Plan Limited (S.H.I.P.) is an Irish company specialising in home equity release plans for the over

More information

Financial Planning & Guidance. A Guide to Annuities. Creating your success through Financial Planning

Financial Planning & Guidance. A Guide to Annuities. Creating your success through Financial Planning & Guidance TA Contents I m approaching retirement, what are my financial options? 02 What is a Financial Broker? 03 Why would I need to use a Financial Broker? 03 What is an annuity? 05 A Guide to Annuities

More information

Insurance. Covered, just in case. - How much cover do we need? - Buying insurance - Types of insurance - Where to go for help

Insurance. Covered, just in case. - How much cover do we need? - Buying insurance - Types of insurance - Where to go for help Insurance Covered, just in case - How much cover do we need? - Buying insurance - Types of insurance - Where to go for help Sorted by the Commission for Financial Capability How much cover do we need?

More information

A Guide to Releasing Capital from your Home

A Guide to Releasing Capital from your Home Advice for older people A Guide to Releasing Capital from your Home Advice provided by Advice for older people FirstStop Advice brings together the expertise of some of the most trusted and respected organisations

More information

LIFE AND PROTECTION INSURANCE EXPLAINED

LIFE AND PROTECTION INSURANCE EXPLAINED LIFE AND PROTECTION INSURANCE EXPLAINED INTRODUCTION Most of us would like to think that when our lives come to an end, we ll be old, our loved ones will be financially secure and our financial responsibilities

More information

your Making the choice clearer SOLD TO LET

your Making the choice clearer SOLD TO LET your SOLD mortgagefor SALE movesold TO LET Making the choice clearer mortgage At Connells, we ll make it easy for you with our comprehensive mortgage service. Help and guidance from the experts Buying

More information

Life Insurance Buyer s Guide

Life Insurance Buyer s Guide Life Insurance Buyer s Guide This guide can help you when you shop for life insurance. It discusses how to: Find a Policy The Meets Your Needs and Fits Your Budget Decide How Much Insurance You Need Make

More information

how the One account works all your questions answered 08456 000 00 1 oneaccount.com

how the One account works all your questions answered 08456 000 00 1 oneaccount.com how the One account works all your questions answered 08456 000 00 1 oneaccount.com Contact us By telephone 08456 000 00 1 By typetalk 08456 000 00 1 By textphone 08456 10 10 56 By post By web The One

More information

Reverse Mortgages A Source of Funds for Retirement?

Reverse Mortgages A Source of Funds for Retirement? Reverse Mortgages A Source of Funds for Retirement? Many people make it a goal of their financial lives to invest in a home. It is a great accomplishment when that last mortgage payment is made. Can a

More information

A Guide to Personal Pension Plans

A Guide to Personal Pension Plans & Guidance PP A Guide to Personal Pension Plans Contents Why should I plan for my retirement? 02 What is a Personal Pension Plan? 03 How much should I invest in my Personal Pension Plan? 04 What is a Financial

More information

Your guide to protecting yourself and your loved ones with Aviva

Your guide to protecting yourself and your loved ones with Aviva Your guide to protecting yourself and your loved ones with Aviva Protect what matters most What s the most precious thing in the world to you? There s really only one answer to that the people who are

More information

Introduction 4. What is Refinancing? 5. Changing Home Loans 5 Changing Needs 6 Identifying Better Opportunities 6 Additional Home Loan Features 6

Introduction 4. What is Refinancing? 5. Changing Home Loans 5 Changing Needs 6 Identifying Better Opportunities 6 Additional Home Loan Features 6 Contents Introduction 4 What is Refinancing? 5 Changing Home Loans 5 Changing Needs 6 Identifying Better Opportunities 6 Additional Home Loan Features 6 What are the Advantages of Refinancing? 7 1. Consolidating

More information

RELEASING CASH FROM YOUR HOME

RELEASING CASH FROM YOUR HOME RELEASING CASH FROM YOUR HOME As a recommended adviser for the Society of Later Life Advisers (SOLLA) we are frequently asked to advise on home income/equity release plans. These notes are designed to

More information

Get to know your options when saving for your big plans

Get to know your options when saving for your big plans Get to know your options when saving for your big plans LifeSave Guide Allow us to introduce ourselves. We are Zurich. We are part of a global insurance group with Swiss roots. We are one of Ireland s

More information

Pension saving for the self employed

Pension saving for the self employed April 2014 Contact Details We can be contacted at: The Pensions Advisory Service 11 Belgrave Road London SW1V 1RB Helpline 0845 601 2923 General Office 020 7630 2250 Fax 020 7592 7000 For enquiries, please

More information

T. H. March Financial Planning Limited. A lifetime of experience adding value to you

T. H. March Financial Planning Limited. A lifetime of experience adding value to you T. H. March Financial Planning Limited Bespoke holistic financial planning services for High Net Worth clients along with investment and wealth management advice A lifetime of experience adding value to

More information