Kilsaran Financial Planning

01/09/2021

***** Bristol - Part time administrator role - 21 hours per week *****
Hi all, I have a vacancy for Financial Planning Administrator.
Office based role.
Please get in touch if interested or pass onto any of your connections.
My email address is: [email protected]

15/02/2021

Are you taking advantage of your ISA allowance? Why it’s a good idea to have an ISA as part of your financial plan.

Most households will have seen their finances affected in some way by the pandemic, which has refocused a lot of people’s minds on saving.

Why have one?

• ISAs are a great way to save for the future while sheltering any gains from the tax man/woman.

• ISAs are virtually tax-free savings, which means that you do not have to declare any income from them.

Some tips…

• You can fund an ISA with a lump sum or set up a regular monthly contribution.

• If you’ve already got an ISA, check to see how much of your ISA allowance you have left this tax year, and whether you can manage to put away more to maximise your savings.

• If you’re currently saving into a Cash ISA, consider opening a Stocks & Shares ISA for the potential of higher returns.

• You must contribute by 5 April – the end of the tax year – for it to count for that year. Crucially, any unused allowance doesn't roll over – so if you don't use it, you lose it – forever.

Are you taking advantage of your ISA allowance?

Do you think having an ISA is good to have as part of a financial plan?

15/01/2021

When was the last time you had a review of your pensions?

Don’t know where to begin?

Changing jobs multiple times before retirement is now very much the norm. As a result, many people have multiple pensions. When you have several pension pots, things can become complicated.

You will most probably receive yearly statements from them all and scratch your head, they are all jargon and numbers that mean nothing to you.

Some things to consider:

• Monitoring the performance of multiple pensions is time-consuming – do you have the time, knowledge or expertise?
• Can you be sure you are not overexposed to one stock market or type of asset? Are you in a diversified portfolio?
• Is it better to consolidate them? Would you know how to do this?
• Do you know if the pots you have are on track to give you the retirement you want?

A possible solution:

• Choose a financial planner to work with, as they can help you navigate the complex world of pensions, what to do with them, as well as working with you to build a robust financial plan bespoke to you, looking at your whole financial situation.

How do you feel about having to self-manage any frozen pensions?

When was the last time you had a review of your pensions?

14/01/2021

It’s MOT day today for me (fingers crossed), a car MOT is on our must do list when needed however……should we also be thinking about a financial MOTs also?

Just like a car, finances need regular maintenance to ensure optimum performance. If something is important, we give it regular maintenance. While the law demands we regularly maintain and ensure top performance from our car, there’s no such requirement for our money.

A financial MOT can involve checking on what we have in place already, but also considering new ‘parts’ that might need to be put in place.

A financial MOT would cover:

• Assessing your pensions, are you contributing enough? What sort of pension pot will you need for the retirement you want?
• Reviewing your current insurance - if you haven’t got life cover, serious illness or income protection, ask yourself why?
• Making sure you have a Will & Lasting Power of Attorney in place.
• What changes may impact your future plans?

These questions can be a bit daunting – where do you start?
So, just as you would ask a mechanic to sort out that red dashboard light, it can help to consult an expert about your financial situation as they will help you navigate around these questions.

Have you ever thought of having a ‘Financial MOT’?

08/01/2021

Kilsaran Financial Planning is an Appointed Representative of and represents only St. James's Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority).

20/04/2020

Why cover is more critical now than ever to protect yourself and your family in the future.

Why cover is more critical now than ever to help protect those closest to you.