Retirement may seem like a distant thought, or it may be a lot higher on your agenda. Regardless of where you are on your retirement planning journey, knowing how best to make the most out of your money is hugely important. 

Financial planning can be a minefield and full of jargon. It can become overwhelming and difficult to make sense of in terms of your own specific situation. 

Receiving financial advice can overcome these challenges, it can ensure you have the protection and security for today, providing you with peace of mind for the future. 

Gaining the right financial advice can help you work towards a simple plan to provide you with enough money ready for when you stop working, it can also help you focus on more longer-term term objectives to allow your family and future generations to benefit from your wealth. Whatever your goals, there are many variables to consider helping make improvements to your financial situation and most importantly help you on your journey to meet your financial goals. 

These may be factors outside your control such as 

•   Inflation
•   Taxation 
•   World events 

The great news is there are many factors fully within your control, to help your money to work for you. These can include;

•   Making sure you are saving enough
•   Making use of all the tax planning opportunities available to you 
•   Where investments are used, ensuring these are suitable for your needs
•   Making sure planning is undertaken to pass your legacy onto future generations

Here are some of the most commonly asked questions by our clients, which may in turn relate to your own circumstances:

•   How do I know how much I will need in retirement?
•   How can I ensure my money doesn’t run out?
•   I have lots of different pensions but unsure of what options to choose either an Annuity or Income Drawdown?
•   How can I ensure I am leaving money for my loved ones? 
•   I am in poor health, how will this affect my pension and what options do I have?
•   How can I use my money to plan for any potential long term care I may need?
•   How do I understand the different levels of risk involved? 

Here at Coral Financial Planning we are able to help with all of the above. Breaking down the barriers and providing advice to you in a clear, and jargon free way. 

The value of an investment with St. James's Place will be directly linked to the performance of the funds you select, and the value can therefore go down as well as up. You may get back less than you initially invested.

The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax relief depends on individual circumstances.