When your financial plans have been have been implemented the next step is monitoring and reviewing. Regular reviews are important as advice can become out of date.
By regularly reviewing we can ensure that the following areas are addressed and your plans stay on track.
- Plans should be reviewed in order to monitor investment performance, has performance been as expected? Has your attitude to risk changed?
- Tax considerations – Has your current capital gains tax allowance been utilised? Can you make gifts using allowance’s to help reduce your inheritance tax liability? Have you used your current annual ISA allowance?
- Have your personal circumstances changed? Have your income or assets changed? Have been through a life event, marriage, had children, divorced or been made redundant? Maybe your priorities have changed as a result?
We firmly believe that the best way for us to work with our clients is forming long term relationships so we can ensure that you stay on track. Each year we will meet with you and discuss your plans and how they are progressing and what impact any changes may have had.
When you become a client of Focused Financial Planning we will discuss and agree with you how we will review your plans.
