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DESIGNS ON YOUR FINANCE
Summer
is now on its way but what about a Spring Clean of your finances with
Financial Design ?
"How
many payslips are you still likely to receive?” Sit down before
you reach for your calculator – it’s less than you think.
That’s
just one of the questions that consultants at Financial Design, independent
financial advisors in Kenilworth and Warwick, are asking their clients
during their ‘Spring Clean Your Finances’ campaign which
began this week.
Partner
at Financial Design, Peter Randle, says that a salaried 40-year old
who plans to retire at 60 only has another 240 pay cheques to look forward
to, and with dwindling state support this needs to provide for the bulk
of their needs after retirement.
"If
you’re like most of us, your income is already earmarked for remaining
mortgage and car repayments, school and university fees and if there’s
any left over, the annual holiday in Cornwall or Spain”.
However,
there is some good news and there are a number of factors at present
which, says Peter, could make it worthwhile to review your overall financial
situation.
"As
recently as 1990 the Bank of England Base Rate was 14%, compared with
the current 3.75%, so borrowing is relatively cheap. * House prices
have risen strongly in recent years and you may find that this substantial
asset is worth more than you think – and this could create a number
of alternative investment opportunities."
According
to Alliance & Leicester’s latest moving improving index almost
one in four UK mortgage holders are considering changing their mortgage
within the next 12 months and we can almost certainly find more affordable
ways of buying and owning your own home. On top of this, stock markets
are uncertain and clients may wish to consider alternative investments.
"Given
these factors, it’s a good time to get professional advice and
Financial Design has a broad base of experience and knowledge in handling
personal finance which will benefit our clients and their families.
"There
is to the prospective buyer a bewildering choice of investment products
and we believe we can help identify the right solution, or package of
solutions, to deliver the financial results our clients are looking
for,” said Peter.
"We
often find that our clients are pleasantly surprised that by a simple
rearrangement of their finances we can achieve improvements in their
projected wealth and overall security, with little or no increase in
monthly outlay,” he said.
Financial
Design are able to advise on a broad spectrum of financial matters and
in their ‘Spring Clean’ campaign are drawing special attention
to topical issues such as inheritance tax, where there are likely to
be ways of reducing the tax liability, pensions and the implications
of a Green Paper on pensions, and planning for health care as less monies
become available from national insurance coffers.
Contact
Financial Design to discuss any of your personal financial needs on
01926 748025, fax 01926-748044 in Kenilworth or at 01926 409040, fax
01926 495999, email enquiries@fdifa.com
in Warwick.
*
Money facts April 2003
Note
to editors: Financial Design is a team of independent financial
advisers based in Kenilworth and Warwick which offers a full range of
tailored personal finance solutions through their ‘one-stop shop’
and will visit you at your home to discuss a plan for your financial
future.
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Enquiries
: Wayne Asher – 01926-748004
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