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Is it time to evaluate your financial landscape?

Financial strategies are not immune to the impacts of life’s changes

As the new year approaches, it brings a sense of renewal and opportunity—an ideal time to pause and evaluate your financial plans.
This annual reflection is important to ensure your financial plans function at their peak and align with your evolving circumstances. No matter how sound, your financial plans are not immune to the impacts of life’s changes or the ever-shifting landscape of legislation.


Life is dynamic, and changes such as getting a new job, marriage, or the birth of a child all influence financial goals and needs. These
significant milestones necessitate carefully reassessing financial strategies to ensure they remain relevant and practical. Moreover,
legislative changes can profoundly affect taxation, investment opportunities, and savings plans, necessitating adjustments to maintain financial efficiency.

Rebalancing your portfolio

Over a year, significant changes can occur. If your investment portfolio isn’t closely monitored, it may require a thorough review.
Certain investments might not perform as expected, while others may have flourished, suggesting a potential time to take profits. It’s prudent to avoid overexposure in specific companies, sectors, or regions. Ultimately, the aim is to ensure your portfolio aligns with your risk tolerance, time horizon, and personal goals.

Safeguarding what matters most

Protection policies act as a financial safety net during challenging times, such as illness or death, providing vital support to you and
your family. These include income protection, life insurance, and critical illness cover. It is important to review these policies regularly.

A pay rise might necessitate an increase in the income you’re insuring, while changes in your mortgage could affect your life
insurance needs. Keeping your protection up to date ensures your family remains secure without incurring unnecessary costs.

Assessing your retirement trajectory

A financial health check can clarify whether your retirement savings are on target for a comfortable future. If there’s a potential
shortfall, it might be time to increase your pension contributions. Utilising your annual pension allowance each year maximises the tax relief you receive, while benefitting from compounding investment returns can significantly impact your retirement fund over time.

Optimising tax efficiency in investments

There are numerous tax reliefs and allowances available to enhance your investment efficiency. For instance, investing up to £20,000 annually (tax year 2004/25) in Individual Savings Accounts (ISAs) allows for tax-efficient growth and income. Junior ISAs, with a yearly limit of £9,000 per child (tax year 2004/25), could grow into a substantial fund, helping cover future expenses like university fees or a deposit for a first home. Other allowances include Capital Gains Tax exemptions, dividend allowances, and personal savings allowances.

Balancing diverse financial objectives

Whether you’re planning for school fees, assisting your children with a property deposit, or securing your own retirement, these goals can strain family finances. Simultaneously, you might be responsible for elderly relatives who may be in declining health. Even with a substantial income, balancing these competing priorities can be challenging. A resilient financial plan that evolves with your changing needs is essential.

Taking the next steps

Understanding how to rebalance portfolios, optimise tax efficiency, and build a solid retirement fund can be daunting. We offer
invaluable assistance in crafting a comprehensive plan tailored to your personal circumstances and regularly review it to ensure it
aligns with your evolving needs and aspirations.

Want to explore how expert advice can help you secure your financial future? Reviewing and updating your financial plans is not merely a prudent step but an essential one. By doing so, you can confidently navigate the new year, knowing that your financial well-being is secure and optimised for whatever life may bring. For further guidance on achieving financial peace of mind, contact us to explore how expert advice can help you secure your financial future.

THIS ARTICLE DOES NOT CONSTITUTE TAX, LEGAL OR FINANCIAL ADVICE AND SHOULD NOT BE RELIED UPON AS
SUCH. TAX TREATMENT DEPENDS ON THE INDIVIDUAL CIRCUMSTANCES OF EACH CLIENT AND MAY BE SUBJECT TO
CHANGE IN THE FUTURE. FOR GUIDANCE, SEEK PROFESSIONAL ADVICE.

A PENSION IS A LONG-TERM INVESTMENT NOT NORMALLY ACCESSIBLE UNTIL AGE 55 (57 FROM APRIL 2028 UNLESS
THE PLAN HAS A PROTECTED PENSION AGE).

THE VALUE OF YOUR INVESTMENTS (AND ANY INCOME FROM THEM) CAN GO DOWN AS WELL AS UP, WHICH WOULD
HAVE AN IMPACT ON THE LEVEL OF PENSION BENEFITS AVAILABLE.

YOUR PENSION INCOME COULD ALSO BE AFFECTED BY THE INTEREST RATES AT THE TIME YOU TAKE YOUR BENEFITS.

THE VALUE OF YOUR INVESTMENTS CAN GO DOWN AS WELL AS UP, AND YOU MAY GET BACK LESS THAN YOU
INVESTED.

Adam Reeves

Author: Adam Reeves

DipPFS Cert CII (MP&ER)
Independent Financial Planner, Wealth Manager, Director

Last updated on

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Adam was quick to assess & understand my situation, and was able to discuss & communicate in a very concise and simple way the various options available to me, taking time for me to understand and clarify where necessary. My understanding & knowledge of taxation & pensions has increased significantly allowing me to feel much happier making financial decisions for the future.

Rob – West Sussex

Adam and his team undertook in-depth research into our existing QROPS schemes and clearly set out both pros and cons of transferring the funds back to the UK. Having decided to go ahead with the transfer, Adam and his team worked extremely hard to facilitate the transfer. The QROPS pension trustees were not always the most professional or responsive organisation – however we were very grateful for the perseverance and commitment that Adam showed us as clients.

Jonathan – East Sussex

Adam offered a range of financial products , the one he suggested was affordable and proved to be a good choice.  Returns on investments have exceeded my expectations, based on Adam’s advice and guidance. Profits have enabled house improvements to take place.

David - Surrey

Adam arranged an appointment very timely, he explained his role and qualifications as an IFA giving me reassurance , we went through my retirement and investment goals. Adam discussed my options explaining in great detail, I felt relaxed during our discussions allowing me to fully understand my choices. I feel very confident in the financial advice allowing me to enjoy my retirement.

I was very happy with Adam’s recommendations and explanations of financial products which would suit my retirement goals, I feel this has helped me review and reduce my financial risk as I reach retirement, leaving me feeling confident that I can enjoy my retirement plans.

Ron – West Sussex

After initial meeting Adam put together a very detailed and thorough written plan. At our second meeting he went through the whole booklet and explained everything in layman’s terms which made it a lot easier to understand.

I am very happy with everything that was suggested and put in place especially with something as big and important as pensions. Adam and his team have taken a huge weight off my shoulders and I would highly recommend their services to anyone needing help with their financial planning and pension.  Adam couldn’t have been more helpful, and even came outside his normal area to meet me on a number of occasions.

Richard - Kent

Unfortunately I had to claim on my critical illness insurance due to my wife being ill and because of the sound advice Adam gave in acquiring this insurance we ended up being financially safe through a tough time.

Steve - Kent

Adam did a review of our financial situation, confirmed that Flexible Drawdown best suited our needs as a family, and then did all the research into the best product for us. He will continue to monitor it for me. He acted extremely promptly because we had a deadline for requiring the lump sum; went out of his way arranging meetings during non-office hours, was professional yet friendly and explained a difficult subject very well.

Clare – East Sussex

Adam did a thorough review of my pension policies, clearly explained how well they had performed, how flexible they were, how the market regulation has changed, and, crucially, what the tax implications would be if I were to leave them untouched. He accurately assessed my attitude to risk and recommended an up-to-date solution that will offer me the greatest flexibility at retirement.

Greg – East Sussex
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