Pensions

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Whatever your situation, it is imperative that you know how much you need to save to provide your required retirement income at your chosen retirement date.

By making a mathematical estimate of the value of your pension (or accumulated pension fund) at your chosen retirement age (if assumptions about fund growth and inflation prove correct), you will have a reasonable idea of the 'shortfall' you need to fund in order to meet your objectives. This tool will simply give you a 'ball-park' figure, and we cannot stress enough to review your arrangements at regular intervals.

You may have heard that you can now use your pension plan to invest in commercial property. If this is something in which you are interested, and you would like to know the sorts of property which are available to you, please click on the attached link.

Until recently, most people have only been able to take income from their pension fund by purchasing an annuity. Although providing an income this way does have certain advantages, the approach lacks flexibility. Clients with larger funds, say in excess of £100,000, may wish to consider drawing their income directly from the fund. To see what levels of pension income drawdown might make available to you, please click on the attached link.

Savings and investments

This calculator projects the returns that you could receive from lump sum or monthly savings within a savings / deposit account, or an investment plan.

If you are saving for a particular reason (such as buying a property or funding educational requirements), it is imperative that you know how much you need to save.

By making a mathematical estimate of the value of your savings (if assumptions about investment return and inflation prove correct), you will have a reasonable idea of the 'shortfall' you need to fund in order to meet your objectives. This tool will simply give you a 'ball-park' figure, and we cannot stress enough to review your arrangements at regular intervals.

Protection against death and illness

Life can throw up the most unexpected twists and turns, often without warning, so it is important to ensure that you or your loved ones are financially compensated in the event of death or being off work due to accident or illness (or redundancy).

A life assurance policy will pay out a tax free lump sum in the event of death. The life insurance cover calculator is a tool to help you calculate that how much life insurance you need, taking into account your debts, liabilities and expenditure.

A critical illness policy will pay out a tax free lump sum in the event of suffering, and surviving for 30 days, from a serious illness. The critical illness cover calculator is a tool to help you calculate that how much critical illness cover you need, taking into account your debts, liabilities, expenditure and the potential cost of care.

An income protection or permanent health insurance policy will pay you an income in the event of you being unable to work due to illness or disability, whilst a private medical insurance policy will enable you to seek potentially speedier and higher quality care than that available through the NHS.

There are too many permutations to take into account to provide an on-line quotation facility, so if you would like to discuss your requirements further, please get in touch by clicking on the button.

Mortgages and loans

This calculator works out the costs for the monthly payments of a mortgage, on both a 'repayment' and 'interest-only' basis.

Most mortgages in the UK are issued for a term of 25 years - however you can take a loan for any period of time - the general rule is that the shorter the duration, the higher the monthly repayments.

Wills and inheritance tax planning

This calculator computes your assets and liabilities, and takes into account any 'potentially exempt transfers' in order to work out if you have any Inheritance Tax liabilities.

Inheritance Tax is a complex subject. if you are planning to embark on any planning in order to reduce your IHT liability, we strongly advise seeking professional advice