:Forest Folk

For numerous people Two thousand and nine was a year we’d rather forget. A global depression, stock Exchange upheaval plus a general impression of unease have left a lot of individuals feeling unsure about next year.

Hopefully 2010 will be a greater year. Nevertheless there are steps we can put into place to help our financial situation.

One thing we can do to get the position into perspective is to look over our financial status. Whether it is your mortgage, borrowing, investment funds, income or spending patterns need to be reviewed on a regular basis.
Carrying out a review will assist you to discover where your finances can be bettered and maybe where you might make improvements.

It is essential to review your investments and savings, to check they are suited to the amount of risk you are happy to bear. It is also worthwhile looking at your MasterCard and visa, gas and electricity as well as insurances to see if you could get a more acceptable deal. Even a small saving could make a big difference to your regular budget.

Making the most of your yearly taxation allowances such as mini and maxi ISAs, capital gains tax allowances and retirement planning are also ways of keeping down the level of tax you could pay.
Whilst income and capital gains tax are important, the impact of IHT (Inheritance Tax) should also be thought about.

Many people possess assets in excess of the value of the Inheritance Tax Nil Rate band. Competent tax advice can be used to cut back the overall amount of inheritance tax their estates might have to pay.

For numerous individuals, the services offered by Financial Advisers help them to review and implement amendments to their finances.

If you believe that you would benefit from impartial financial advice please contact us on 01454 321511.

Consilium Asset Management