Taking time out? Take time to assess your financial potential
A summer holiday can be a good time to take stock and see how you are doing overall. And while assessing your investments and financial plans may not be everyone’s idea of an escape, stepping away from the grind may give you time to think about what matters. We have compiled six articles from this year that are particularly relevant for how we live now – and could help you to evaluate if you are making the most of your money.
Charlotte Ransom, CEO
We often talk about the benefits of lower fees when investing – for good reason: they can make a significant difference to your returns over time. Charlotte writes about why you should find out how much you are paying in fees, what to ask your provider, and explains the wide variety of fees you might be charged – showing the outcome of 1% vs 2% in fees on investment or pension pots worth £100,000, £250,000 and £500,000.
The power of together: Unlocking the benefits of pension consolidation
Gary Horn, Client adviser
Many of us move jobs throughout our lives, and it's not unusual to accumulate a mix of pensions from different employers or personal schemes. Managing multiple pension pots can be cumbersome and costly, and Gary shows why pension consolidation can make a world of difference to your future – helping you get a clear picture of your retirement savings and to maximise their potential.
How do I manage investment risk?
Frederick Smith, Associate client adviser
The concept of investment risk – including how much to take – can be difficult for some investors to evaluate. In this article Frederick explains the important attributes of risk, and helps you to assess some common misconceptions. Learn more about how we should think about risk and how much we should take to achieve our goals.
"She talked me through how risk works and worked out how to invest my pension in a way that means it is growing but doesn't keep me up at night worrying about it."
Netwealth client Fenella Lindsell writing in This Is Money about how we helped
Financial planning in your 50s: are you on track?
Tom Kimche, Head of advice
If you’re in your 50s it might be appropriate to see if you are on track for the rest of your life. Tom writes about how this age is a good opportunity to review your circumstances as there is plenty of time to maximise your financial potential – and make corrections if you find out you are not making the right decisions to meet your goals and secure a comfortable retirement.
Enhancing passive investing through active allocation
Iain Barnes, Chief investment officer
Iain writes about how our modern investment approach proactively takes advantage of current trends and adapts when necessary to a changing environment – while remaining cost effective. He explains our rationale for combining the efficiencies of passive investing with active allocation, why it underpins what we do – and how it helps us to deliver growth for clients efficiently and in a highly diversified way.
How smarter succession planning can help you adapt to IHT changes
Lily Ball, Associate client adviser
The announced changes to the UK’s inheritance tax system mark a big shift in how estates are taxed – with many families being affected. Lily writes about your options to help you plan and manage these changes. She highlights such steps as reviewing your estate plan, making strategic gifts, rethinking pension arrangements, and keeping up with tax relief options to help reduce tax liabilities and make sure your wealth is passed on as you intend.
We hope these articles provide food for thought, and are useful. If you want help with any aspects of your financial planning or investing, please get in touch.
Please note, the value of your investments can go down as well as up.
Netwealth offers advice restricted solely to our services. We do not consider the whole of the market, nor offer advice in relation to tax compliance, insurance products, or the transfer of defined benefit pensions.
