Taking the time to tune in to a few key pointers can really benefit your finances, helping you plan and manage them effectively. Our experienced financial adviser, Clifford Osborne has put together some key finance tips below…
SAVE INTO YOUR ISA
The ISA allowance for 2019-20 is £20,000. Don’t miss this opportunity to save or invest tax efficiently. We can help you choose the right ISA for your needs.
KEEP TABS ON YOUR PENSIONS
If you’ve moved jobs a few times, it’s likely you’ve paid into several pensions. It’s important to know what your entitlements are; we can advise on whether you’d be better off consolidating them.
YOUR STATE PENSION AGE AND ENTITLEMENT
If you’re not sure when you’ll receive yours, you can check the date and get a forecast of the amount you’ll receive on the Government’s website https://www.gov.uk/check-state-pension
YOUR HOME CONTENTS POLICY – DON’T RISK BEING UNDERINSURED
If you don’t insure your possessions for the right amount and you make a claim, you could find your insurance company reduces your payout. It may be time to increase your sum insured in line with the value of your contents.
YOUR MORTGAGE RATE OF INTEREST
With the monthly mortgage repayment often a family’s largest outgoing, it’s important to review your mortgage, as there may be a better deal to be had by remortgaging, especially if you’re currently paying interest at your lender’s standard variable rate.
GET IN TOUCH
Clifford Osborne are Independent Financial Advisors (IFA) based in Eastbourne, East Sussex, offering pension planning advice, mortgage advice, equity release advice, investment advice and more. You can read our VoucherFor reviews here. Our clients often come from Uckfield, Lewes, Brighton, Tunbridge Wells, Hastings, Bexhill, Newhaven, Seaford, Crowborough and further afield. Get in touch for arrange your free initial financial review.
The value of investments can go down as well as up and you may not get back the full amount you invested. The past is not a guide to future performance and past performance may not necessarily be repeated.
It is important to take professional advice before making any decision relating to your personal finances. Information within this blog is based on our current understanding of taxation and can be subject to change in future.
It does not provide individual tailored investment advice and is for guidance only. Some rules may vary in different parts of the UK; please ask for details. We cannot assume legal liability for any errors or omissions it might contain. Levels and bases of, and reliefs from, taxation are those currently applying or proposed and are subject to change; their value depends on the individual circumstances of the investor.
The value of investments can go down as well as up and you may not get back the full amount you invested. The past is not a guide to future performance and past performance may not necessarily be repeated.
If you withdraw from an investment in the early years, you may not get back the full amount you invested. Changes in the rates of exchange may have an adverse effect on the value or price of an investment in sterling terms if it is denominated in a foreign currency. Taxation depends on individual circumstances as well as tax law and HMRC practice which can change.
The information contained within the blog is for information purposes only and does not constitute financial advice.
The purpose of the blog is to provide technical and general guidance and should not be interpreted as a personal recommendation or advice.