Dart Folk

For people 09 was a yr to forget. A world depression, stock Exchange set backs and an overall feeling of uneasiness have left lots of individuals feeling quite unsettled about the future.

Hopefully Two Thousand and Ten will be a more satisfactory year. Nonetheless there are measures we can take to improve our financial situation.

One thing we can do to get the situation into perspective is to review our financial situation. Whether it is your mortgages, loans, investments, income or spending habits need to be reviewed regularly.
Taking out a review will assist you to identify where your finances can be improved and maybe where you might make improvements.

It is essential to review your Savings & Investments, to ensure they are suited to the level of risk you are willing to accept. It is also worth looking at your credit cards, electricity and gas as well as insurances to see if you could get an improved deal. Even a little improvement could make a difference to your monthly budget.

Making the most of your yearly taxation allowances such as Isa’s, capital gains tax allowances and pension planning are also ways of keeping down the level of tax you could pay.
Whilst income and capital gains tax are important, the effect of inheritance Tax (IHT) should also be considered.

Many possess assets over the value of the IHT Nil Rate band. Good tax advice can be used to shrink the overall amount of IHT their estates might have to pay.

For many individuals, the functions supplied by Financial Advisers help them to review and put into place changes to their finances and savings.

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

Consilium Asset Management