Made Moon Blog

For lots of individuals Two thousand and nine was a yr of hardship. A global setback, stock Exchange upheaval and an overall opinion of uneasiness have left a lot of people feeling very doubtful about next year.

Hopefully Two Thousand and Ten will be a different year. Nonetheless there are steps we can implement to help our finances.

1 thing we can do to put the situation into perspective is to review our financial status. Whether it is your mortgage, loans, investments, income or spending habits need to be re-examined on a regular basis.
Taking out a review will help you to identify where your finances can be bettered and if you need to make changes.

It is important to re assess your savings and investments, to ascertain they are suited to the amount of risk you are willing to accept. It is also worth looking at your credit cards, gas and electricity as well as household insurance to see if you could get a better deal. Even a small improvement could make a difference to your monthly budget.

Making the most of your yearly taxation allowances such as ISAs, capital gains tax allowances and pension planning are also ways of shrinking the level of tax you could pay.
Whilst income and capital gains tax are significant, the effect of IHT should also be thought about.

Many individuals and parents own assets in excess of the value of the IHT Nil Rate band. Efficient tax planning can be used to shrink the overall amount of IHT their beneficiaries might have to pay.

For lots of individuals, the functions offered by Financial Advisers allow them to re-examine and implement changes to their finances.

If you think that you would benefit from independent and impartial financial advice please contact us on 01454 321511.

Consilium Asset Management