Talk To Financial Advisers In Sutton Coldfield For Professional Financial Advice

Financial Advisers Sutton ColdfieldOne of the best lessons anyone can learn is to be careful where you get your information from. This is especially true when you are making decisions that affect your financial future.  Getting advice from professional Financial Advisers in Sutton Coldfield will ensure you have correct information that is based upon your unique circumstances.

When thinking about financial planning it is important to keep focused on your long-term goals. Market volatility, which means that investments can go up as well as down, is always likely, and although risk can never be eliminated altogether working with Financial Advisers in Sutton Coldfield will give you the opportunity to put in place strategies to reduce risk.

During your lifetime there are many financial decisions that will need to be taken. For example, at the age of 55 you can generally take 25% of your pension savings as a tax-free lump sum.  There is more than one way to do this, and getting help from Financial Advisers in Sutton Coldfield will help you decide which is the most appropriate way for you to do this.

On the subject of pensions, people change jobs more frequently nowadays, meaning that they can often have small pension pots with past employers that they fail to keep track off. According to research there are around 1.6m* pensions that UK workers have forgotten about.  Getting financial advice from Financial Advisers in Sutton Coldfield could help you identify your pensions and by reviewing them you will know how they are performing and if you need to take any action.

Another financial decision that you may need to take is whether to pass money on to your family during your lifetime. Concerns have been raised that this might be at the expense of your own financial security.  So, professional advice from Financial Advisers in Sutton Coldfield is recommended, as this will help you assess the impact this may have on your income in your retirement.

We have a holistic approach to financial planning, where we first discuss your goals, hopes and dreams and then help you to make the appropriate plans to achieve as much as possible, or even prioritise. When you get financial advice in Sutton Coldfield from us you can benefit from our Lifestyle Financial Planning service, which includes regular reviews to enable you to keep on track.

The value of pensions and investments and the income they produce can fall as well as rise. You may get back less than you invested.

As Financial Advisers in Sutton Coldfield we work with many local clients. Our first meeting is at our cost and without obligation. Please contact us to see how we can help.

*Research carried out by Pensions Policy Institute on behalf of ABI, Oct 2018

Estate Planning In Lichfield Is A Must

Estate Planning LichfieldEach year, more families are drawn into the Inheritance Tax net. If you don’t look at Estate Planning in Lichfield with a qualified local Financial Adviser your estate could be left with a tax bill when you die.

Taking professional advice will help you understand the likely Inheritance Tax liability of your estate and enable you to put plans in place that will reduce the amount of tax due, or mean that your estate may possibly not pay any Inheritance Tax at all.

The threshold for IHT is £325,000. So, if the value of your estate is less than this there will be no Inheritance Tax to pay.  Any amount over this is subject to IHT at 40%.  For estate planning in Lichfield you need to think about the total value of your assets including your house and, being a local firm, we know Lichfield is a very popular place to live, and has house prices that reflect this.  Your estate will also include all of your other assets including your savings and investments, which may take the value of your estate well over the tax threshold.

For estate planning in Lichfield, our Financial Advisers who provide local financial advice, will talk to you about allowances, spouse and civil partner exemptions and available reliefs which mean that the actual amount payable by your estate could be less.

You can seek professional financial advice local to Lichfield on estate planning, including things like lifetime gifts and setting up trusts to lessen the impact of the tax. It is also worth pointing out that you can make a gift of up to £3,000 per donor per tax year.  For Inheritance Tax purposes this is a tax-exempt allowance.  This is something to think about when you are contemplating your estate planning in Lichfield or if you live in the surrounding areas near to our office.

The value of pensions and investments and the income they produce can fall as well as rise. You may get back less than you invested.

Tax treatment varies according to individual circumstances and is subject to change.

The FCA do not regulate Inheritance Tax planning.

When you work with Four Oaks Financial Services on estate planning in Lichfield your first meeting with one of our Financial Advisers is at our cost and without obligation. Please contact us to discuss your requirements.

Why You Need Mortgage Advice In Sutton Coldfield

Mortgages in Sutton ColdfieldIt is very important to get professional help when you are looking for mortgage advice in Sutton Coldfield. The reason it is so important to get advice when considering your mortgage options is because you need to make sure you are prepared as possible before you apply for a mortgage.

Simple steps like checking your credit score is ok, and getting on the electoral register so that your name and address can be verified, will put you in good stead. Our Advisers will be able to give you mortgage advice in Sutton Coldfield to ensure you are in the best position to have your mortgage application approved, for example they will suggest things like making sure your credit cards and other loans are paid regularly and on-time in the months before you make your application.  They will also tell you that you will need ID so to make sure your passport and driving licence show your current address, and that you have important financial documents like bank statements, payslips and P60s to hand.

If you are self-employed and in need of mortgage advice in Sutton Coldfield our Advisers will tell you that you will need an SA302 form relating to the last two to three years from HMRC, or your full accounts for the same period. Following the financial crash in 2008 lenders now scrutinise your financial position very carefully before they will agree to a mortgage.

Lenders need to feel comfortable that you manage your money in a responsible manner and live within your means. They will also need to feel sure that if interest rates were to increase you would still be able to make your monthly repayments.  When taking mortgage advice in Sutton Coldfield you will be advised to take a critical look at your spending well ahead of applying for a mortgage.  This will give you the opportunity to stop any standing orders for things you no longer use or need, such as gym memberships.  Our Advisers will also suggest that you save as big a deposit as you can because the bigger the deposit, the less you will have to repay and the better the mortgage deal you are likely to get.

An important aspect of getting mortgage advice in Sutton Coldfield from one of our team of Advisers at Four Oaks Financial Services, is that we don’t just deal with mortgages. By working with a fully qualified financial adviser you will receive advice on all aspects of your financial planning.  Your mortgage will probably be the biggest single loan you ever take out, and almost certainly over the longest period of time.  Therefore, it is important to get this right and make sure the mortgage is the most appropriate for your circumstances and future financial planning goals.

You might already have a mortgage and are looking to downsize, you may be looking for a re-mortgage to fund home improvements or you may be taking your first steps on the housing ladder.  Whatever your reasons for seeking mortgage advice in Sutton Coldfield one of our Advisers would love to talk to you.

Your home or property may be repossessed if you do not keep up repayments on the mortgage.

When you work with Four Oaks Financial Services your first meeting with one of our Financial Advisers for mortgage advice in Sutton Coldfield is at our cost and without obligation. Ask about our mortgage support team when you contact us to discuss your requirements.

Dangers of Not Getting Mortgage Advice In Sutton Coldfield?

Mortgage Advice Sutton ColdfieldFailing to get appropriate mortgage advice in Sutton Coldfield could cost you dearly in the future.  A survey from a major insurer shows that 14% if people think they will still be paying their mortgage at age 70*.  This means that mortgage options might need to be considered as part of your retirement planning, when just a few years ago this would have been unimaginable.

People are getting on the property ladder later in life and lenders are granting mortgages for much longer terms.

Whether you are a first-time buyer or simply looking to move to a larger property or even downsize, there is a wide range of mortgages to chose from, so getting mortgage advice in Sutton Coldfield is essential.

You might not be looking to move at all. You may be one of the very sensible people who get their mortgage reviewed every couple of years to make sure the mortgage you’ve got is still the right one for your circumstances.

By getting professional mortgage advice in Sutton Coldfield you may be surprised to learn about mortgages that you didn’t know existed or find that what you thought was a great deal is not all that it seems, when someone who really understands mortgages delves into the details.

For example you need to consider the fees associated with any mortgage deal, and some mortgage lenders will offer incentives such as a free valuation, free legal fees or even cash back. When you get mortgage advice in Sutton Coldfield from one of our Advisers we will be able to help you calculate how these incentives will affect the overall cost of the deal, as they may make the mortgage not cost-effective.

Getting the right mortgage for your specific circumstances and in line with your financial goals is essential. This could save you hundreds, if not thousands of pounds and protect you from early exit fees and so on.  We are a local firm and it pays to take professional mortgage advice in Sutton Coldfield from one of our Financial Advisers who know the local market and what the lenders can offer you.  You can of course do this research yourself, but would you be confident that you understand all the small print and options available?  Taking out a mortgage is a very big financial commitment, making the right decision for you is absolutely crucial.

Your home or property may be repossessed if you do not keep up repayments on the mortgage.

Your first meeting with one of our Financial Advisers for mortgage advice in Sutton Coldfield is at our cost and without obligation. Please contact us to discuss your requirements.

*Aegon, 2018

Is It Easy To Get Financial Advice In Sutton Coldfield?

Lifestyle Financial PlanningWhere would you go to get financial advice in Sutton Coldfield? You would probably ask friends and family for a recommendation, or perhaps Google it?

At Four Oaks Financial Services by far most of our business comes from the personal recommendation of our clients who have been happy with our service and have been kind enough to pass our details to their friends, family and colleagues at work or in business.

We have a team of Financial Advisers who provide professional, expert financial advice in Sutton Coldfield. All of our Advisers are qualified, but did you know that to give advice on some aspects of financial planning an Adviser needs extra qualifications.  This includes Financial Planning for Long Term Care and for Advanced Pension Planning.  So, when looking for financial advice in Sutton Coldfield it is always worth checking the qualifications of the person you are considering working with.

At Four Oaks Financial Services our clients not only have access to well qualified and experienced Financial Advisers, but they also have access to a Chartered Financial Planner, who is part of our team of Advisers and works on our most complex cases. Having such a wide range of qualified Advisers in our team, with many years of experience, makes it extremely easy for our clients to deal with us as we can handle all aspects of financial planning under one roof.  This is ideal if you are looking for financial advice in Sutton Coldfield.

An important aspect of choosing a Financial Adviser is to find out about how they work with their clients and whether they have a long-term relationship approach or are more inclined to work on one-off transactions.

We believe that financial advice in Sutton Coldfield can only be based upon a thorough understanding of our clients’ life goals and aspirations. We call this Lifestyle Financial Planning.  We believe that the role of a Financial Adviser is to help our clients make decisions that will enable them to achieve their goals at every stage of their life, including their retirement and beyond, when we can help with funding of long term care or helping their family with their estate.

Your first meeting with one of our Financial Advisers to discuss financial advice in Sutton Coldfield is at our cost and without obligation. Please contact us to discuss your requirements.

Why Making Time For Financial Planning In Sutton Coldfield Is So Important

Financial Planning Sutton ColdfieldIf you are not getting professional advice on financial planning in Sutton Coldfield you could be in danger of:

  • Running up an Inheritance Tax bill for your loved ones when you die
  • Working for much longer than you actually need to
  • Accumulating more wealth than you need to live on in later years
  • Missing out on helping your children or grand-children now, when you can see them enjoy the benefit of your help
  • Letting your life ambitions, hopes and dreams pass you by

We say these things from past experience of providing financial planning in Sutton Coldfield. More often than you might think we see people who have amassed more wealth than they can spend in their lifetime, which means they have missed out on the good things in life by staying in work and saving, when they didn’t have to.

Most people dream of a comfortable and hopefully long retirement with enough money to travel, pursue personal interests or simply spend more time with the family. The problem is no-one has a crystal ball that tells us how the future will pan out.  However, we do have some very clever software that is used by hundreds of financial and capital management firms around the world.  This allows our Financial Advisers, who provide financial planning in Sutton Coldfield, to work with our clients to create forecasts based upon our client’s individual circumstances and financial goals.

We call our planning process Lifestyle Financial Planning.  It’s not just about software, although that helps to illustrate and model “what if…” scenarios.  It is very much about the expertise and knowledge of our Financial Advisers who offer financial planning in Sutton Coldfield, and how they work with our clients on a very personal basis over a period of time.  We don’t see ourselves as people who carry out financial transactions for you.  Our Advisers, consider their role to be helping you achieve your life goals.

Your first meeting with one of our Financial Advisers to discuss financial planning in Sutton Coldfield is at our cost and without obligation. Please contact us to discuss your requirements.

Let’s Talk About Private Medical Insurance in Sutton Coldfield

Private Medical Insurance Sutton ColdfieldDon’t get us wrong, there is absolutely nothing wrong with the medical care that’s provided by the NHS at Good Hope Hospital, Sutton Coldfield. Because we are a local firm providing local financial advice many of our own staff, friends and family have been treated there.  But, if you want to get a diagnosis faster, or treatment for certain medical conditions quicker, there is no substitute for having private medical insurance in Sutton Coldfield in place.

Over the past few years insurance providers have reviewed the cost of this kind of cover and this is now a very competitive market. There are lots of options to consider which is where we can help. We take a holistic view of financial advice and therefore can recommend the most appropriate private medical insurance in Sutton Coldfield based upon your individual circumstances. You could of course do this yourself, but we can save you time and because we know the market and are regularly talking to clients about all kinds of insurance we are experts in recommending private medical insurance in Sutton Coldfield.

When searching through the options and costs you may be surprised to learn that you can arrange cover for you and your spouse and in some instances your children can be covered too, up to a certain age. Whilst not a replacement for the treatment and care provided by the NHS, procedures for which you may have to wait for a length of time for, such as knee or hip replacements can be done at a time that is convenient to you and save you being on a waiting list for what can be months.

We can arrange private medical insurance in Sutton Coldfield, so why not contact one of our Advisers for a no-obligation chat. This peace of mind may cost less than you think, and if you have got pre-existing conditions these can be taken into account and with some policies after a qualifying period they can be covered.

Your first meeting with one of our financial advisers to discuss private medical insurance in Sutton Coldfield is at our cost and without obligation. Please contact us to discuss your requirements.

Searching For A Care Home Financial Adviser In Tamworth

care home financial adviser TamworthThere are a number of things you need to know before you begin to plan for long term care for yourself or loved ones, especially if you think this will involve a care home at some point.

We recommend that you find a care home financial adviser in Tamworth or near to where you live. This is because the options you need to consider, in order to fund the care, can be complex, will depend upon your exact personal circumstances and may require several meetings.

It is important to know that not all financial advisers are authorised and qualified to provide long term care financial planning. Several of our Advisers at Four Oaks Financial Services are qualified and able to give this kind of advice.  So make sure when searching for a care home financial adviser in Tamworth that they are actually qualified to help you.

Ideally you should plan for your long term care well in advance. The government’s Money Advice Service website also supports this view and gives some good information https://www.moneyadviceservice.org.uk/en/articles/how-to-fund-your-long-term-care-a-beginners-guide. However, if planning in advance is not possible, especially if you find yourself looking for the help of a care home financial adviser in Tamworth because you have an urgent need for yourself or a loved one to go into a home, we will still be able to help. After carrying out a fact find with you we can advise on the financial options you have available which could involve maximising existing savings and investments including pensions or even equity release.  Although we usually only consider equity release for our clients as a last resort and will be happy to discuss why we take this view with you.

The value of pensions and investments and the income they produce can fall as well as rise. You may get back less than you invested.

Your home or property may be repossessed if you do not keep up repayments on the mortgage.

Equity Release will reduce the value of your estate and can affect your eligibility for means tested benefits.

Your first meeting with one of our care home financial advisers in Tamworth, and across the Midlands, is at our cost and without obligation. Please contact us to discuss your requirements.

Life Insurance In Sutton Coldfield Will Protect Your Family

Life Insurance Sutton ColdfieldLife Insurance in Sutton Coldfield is important. This is one of the most prestigious neighbourhoods to live in in the area, and living here is not cheap.  So, imagine what could happen if you were to die and no financial protection cover had been put in place for your family.

For most people their monthly mortgage payment is the single largest monthly bill, so they take out life insurance to cover their Sutton Coldfield home.  However, with so many different policies and a wide range of benefits on offer we recommend you consider your circumstances as a whole, and look at the bigger picture with a proper discussion with one of our Financial Advisers local to Sutton Coldfield with life insurance being just one of the things you discuss.  We call this holistic approach lifestyle financial planning.

If you simply take the life insurance offered by your mortgage provider you will not be aware of the other products on the market that could have greater benefits for the same or similar premium. If you look online for your policy you may not get the cover that is most appropriate for your specific circumstances.  For example, did you know that critical illness insurance can be combined with your life insurance in Sutton Coldfield?  Life insurance pays out when you die, but what if you were injured or too sick to work?  These are the kind of discussions and scenarios your Financial Adviser will go through with you.

Your home may be repossessed if you do not keep up repayments on the mortgage.

Your first meeting with one of our Advisers is at our cost and without obligation. Please call us to discuss your requirements.

This Payment Protection Insurance is optional. There are other providers of Payment Protection Insurance and other products designed to protect you against the loss of income. For impartial information about insurance, please visit the website at www.moneyadviceservice.org.uk

Why Financial Planning In Tamworth Matters

Financial Planning Tamworth
Financial Planning In Tamworth Matters

Financial services are complicated and so the help of a trusted local Adviser to take you through financial planning in Tamworth either at your home or place of work is invaluable. Many people don’t fully understand what proper financial planning is and at Four Oaks Financial Services we have taken planning to a new level.  We call it lifestyle financial planning .

We believe that money needs to be accumulated to be used, not just saved without any firm goals in mind. We often see people who have accrued more money than they will spend, and this also leads to problems with inheritance tax when they pass away.  The purpose of financial planning for our clients in Tamworth is to help them achieve what they want in life, for themselves and for their families.  This can be everyday things such as the annual family holiday or perhaps paying off the mortgage early.  But these things don’t just happen, they need to be planned for and in the wider context of lifestyle financial planning in Tamworth we look at everything you need to spend your money on from today to your retirement and beyond.

Your home may be repossessed if you do not keep up repayments on the mortgage.

Many people do their own planning. They have ISAs, and they use their annual allowances.  They have pensions. They have a house.  This all sounds great, but if you are not an expert Financial Adviser you may not know that if you die ISAs can be passed on tax free, but only to your spouse. The value of your house could put your estate over the Inheritance Tax threshold thus leaving your children to pay 40% tax on anything over £325,000.  Pensions may not have been reviewed for many years and may be in higher risk funds, when the client, especially when nearing retirement would prefer a more cautious approach.

The value of pensions and investments and the income they produce can fall as well as rise. You may get back less than you invested.

Investors do not pay any personal tax on income or gains, but ISAs do pay unrecoverable tax on income from stocks and shares received by the ISA managers.

The FCA do not regulate inheritance tax planning.

Tax treatment varies according to individual circumstances and is subject to change.

Our Financial Advisers are available to carry out financial planning in Tamworth, or at our offices, whatever is most convenient for you.