Financial Planning
For individual clients and business owners

Lifestyle financial planning for those who want to take control

Individuals
Where are you now?
Explore each stage to see where you are in your retirement journey and areas where you may need financial planning support

Pre Retirement

Some way off
You are likely to be 10 – 15 years away from stopping work or the age from which you can draw your state pension.

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You may need help thinking through:
  • The age you may want to retire
  • Working out how much money you need to live a comfortable life or the life you want in retirement
  • Understanding the amount of savings required to create the income you want or need
  • Building confidence in the steps you need to take to make sure your money won’t run out before you die
  • Reviewing existing retirement plans and identifying any savings gaps
  • Understanding the different options open to you regarding your retirement
  • Maximising your savings and taking full advantage of your own tax allowances
  • Protecting or de-risking the investments you have built up
Nearly there
You have five years to go before your selected retirement date (SRD) and are more interested in your options.

 

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You may need help thinking through:
  • Maximising your contributions to your pension ensuring you don’t exceed your annual or life-time allowances
  • Modelling different income requirements in retirement so you can take your income in the most tax efficient way as well as building in some flexibility in the amount of income you take from your pension pot
  • Maximising death benefits for you and your spouse, partner or family
  • Maximising all tax allowances available to you
  • Increasing your confidence that you will not run out of money during your retirement
  • Factoring in any special spends such as a big holiday or new car

At Retirement

Choices and decisions
You are now in the process of retiring, however you are less likely than in the past to stop working at a set date. You may go part-time and take some money from you pension pot or you might leave your pension pot intact and continue working through choice or need.

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You may need help thinking through:
  • The age you may want to retire
  • Working out how much money you need to live a comfortable life or the life you want in retirement
  • Understanding the amount of savings required to create the income you want or need
  • Building confidence in the steps you need to take to make sure your money won’t run out before you die
  • Reviewing existing retirement plans and identifying any savings gaps
  • Understanding the different options open to you regarding your retirement
  • Maximising your savings and taking full advantage of your own tax allowances
  • Protecting or de-risking the investments you have built up

In Retirement

Greater freedom
You are probably fully retired now and receiving your state pension as well as generating income from your pension.

 

You may need help thinking through:
  • Keeping the plan fit for purpose applying any flexibility you need around your income needs
  • Incorporating your state pension
  • Drawing income from your pension-pot efficiently
  • Ensuring your money doesn’t run out
  • Planning for any future expenditure
  • Thinking about when to delegate financial control
  • Planning funeral expenses
  • Making plans to pass on wealth tax efficiently
Slow down
You may be slowing down for a variety of different reasons from health issues to having done all the things you wanted to do. You may be spending more time at home and have less need for income.

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You may need help thinking through:
  • Reviewing your income to make sure it still won’t run out
  • Drawing your income tax efficiently from your remaining pension
  • Finalising any estate planning to ensure it is tax efficient
  • Making allowance for potential care costs
  • Planning for later life by thinking about who you might delegate financial decision to on your behalf
Later life
You may have more health issues; are more dependent on others and may have more need for advice if you are feeling less confident making decisions about your finances.

You may need help thinking through:
  • Ensuring any increased income needs can be met from your savings
  • Finalising and implementing any planning choices around care
  • Seeing the positive impact of legacy and estate planning by passing wealth on to your family if appropriate
  • Potentially releasing further income from your home to fund care costs
If you take your entire pension fund early you could be financially worse off in the future
The value of an investment can fall as well as rise and you may get back less than you have invested.
The Financial Conduct Authority does not regulate taxation and trust advice.
HM Revenue & Customs practice and the law relating to taxation are complex and subject to individual circumstances and changes which cannot be foreseen.

For Business Owners & Directors

Business owners
Whether you are an owner/director or partner in a business you’ll want to know you are taking the right steps to secure the future of your company, your family and your staff.
With a fully comprehensive choice of solutions we can support you in determining which issues are important to you and which solutions are going to best suit you and your business.
Workplace pensions
Offering a good workplace pension scheme is a valuable benefit for most employees and a great way of attracting and keeping the best people.
Auto enrolment
Are you approaching your staging date? We offer auto enrolment solutions with a choice of options to support you and your company through the process. From planning to implementation as well as an ongoing services.
Key person insurance
A key person is someone in any business whose absence, through death, critical illness or long-term disability, would have a seriously detrimental affect upon the future profits of the business.
Business succession planning
Directors of private companies or partners in business want to ensure their family is taken care of in terms of the value of their share of the businesses should they die, and that the business can also carry on with minimum disruption more on business succession planning.
Group income protection
As part of a modern employee benefits package, Group income protection enables employers to pay employees an income if illness or injury prevents them from working for a prolonged period of time. The plan provides financial and practical support (only after a deferred period) for your employees if they are absent due to long-term illness or injury. In this instance the employee will have the benefit not only of a regular income but also a rehabilitation programme to help them back to work as quickly as possible.

A Cost-Effective Advice Service

Online Self-Service

Not everyone needs full financial advice at every stage of life. Our HS Online Self-Invest service is for those seeking effective, low-cost investment management. It offers restricted advice on NISA’s (stocks and shares only) as well as investments into unit trusts and OEIC funds.

This service does not offer a full assessment of your financial situation or
take into account any existing investments that you may hold. Capital at risk, investments can go down as well as up.