News
Reasons for reviewing your investments
02/02/2010
Here are our top reasons for reviewing your investments in 2010
Ø Due to recent global economic events and the adverse impact this has had on the UK economy, many people believe there will need to be significant tax rises in the future in order for the Government to balance the books. Therefore we believe it is essential that you take advantage of the tax benefits available to you within Individual Savings Accounts (ISAs). ISA allowances have had some major changes in 2009 and the over 50’s have benefited as their allowances have risen by £3,000 - from £7,200 to £10,200. From the start of the 2010/2011 tax year this rule also applies to under 50’s.
Ø With Inheritance Tax (IHT) being a focus in previous Budget Reports, it’s quite confusing to know who’s effected and who’s not. It’s upsetting to know that 40% of everything over £325,000 if you are single or divorced or £650,000 if you are married, in a civil partnership or widowed could be given back to the Government in IHT. With some simple planning SFS can help you to reduce or even eliminate your IHT liability altogether.
Ø Take advantage of improvements in the performance of the market, with SFS’s new offering – Monitored Informed Investing (MII). MII Core Funds are continually monitored and aim to deliver consistent above average returns. We will constantly keep you informed of how your funds are performing and if funds are consistently underperforming you will get the opportunity to switch to a better performing fund, which SFS will not charge you for. These are just a couple of features of our new market leading offering.
Ø If you are reaching retirement age you will no doubt want to be able to afford your current enjoyable lifestyle throughout your retirement. SFS have a dedicated Annuity Team who can help you take control of your pension and help you find the income you need to enjoy a comfortable retirement.
Ø Your own risk tolerance is not static but will change over time and will be dependent on your financial objectives. For example, you may well be prepared to take a higher risk with investments earmarked for retirement as these are generally the longest term investments that people have. You should always ensure that you are happy with the specific risks associated with any individual products, therefore it is important to regularly review your risk tolerance. SFS has a simple, straight forward questionnaire which you can do online or face-to-face with an adviser. Click here for more information.
Ø You may have changes in your individual and family circumstances, such as a newborn child or grandchild, which would be an ideal opportunity for updating your Will. If you don’t already have a Will, now is the time to make one, so you can be sure your loved ones are taken care of. SFS has teamed up with Skipton Trustees Limited (STL) who can help you put your Will together so your wishes are met.
To find out more about any of
the services we’ve mentioned
simply:
- Contact your SFS Financial Adviser
- Call a member of our Client
Help Line on 0800 137 832 - Visit your local Skipton
Building Society branch to
arrange an appointment with
an SFS Adviser
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