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Not having a plan

If you fail to plan, you're planning to fail.

Important notes

This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.

We have all heard the old adage about failing to plan. If you fail to plan, you're planning to fail. Investing, like most things in life, requires preparation.

No matter what stage of life you are at, it’s crucial to plan for your financial future. Whether it’s the first step on to the property ladder or growing enough wealth to enjoy retirement. The good news is that by acting now you can make a difference.

It’s never too late – or too early – to start planning your financial future.

The impact of planning

With busy lives and other expenses, putting aside money for the future isn’t always easy. When you have a plan it’s easier to make financial decisions and you’re more likely to stay on track to meet your goals.

Work out where you want to be

Setting goals is the first step in any financial plan, but surprisingly it’s often overlooked. Without clear, achievable targets, it’s virtually impossible to make a sound financial plan. Without a clear goal, your approach could end up disjointed, time-consuming and ineffective.

Know what to save

It’s important your goals are realistic. A good Financial Adviser could help you ensure they’re achievable and affordable. Then it’s a case of understanding where you are now, so you can start to identify what actions you need to take.

Choose the right investments for you

It’s obvious, but it’s important to select investments that suit your investment goals. You can do this yourself using our expert research and online tools, or you can speak to an adviser who will put in the hard yards and do the research for you. They’ll work with you to make sure your investments have the potential to reach your goals while taking an amount of risk you’re comfortable with.

Don’t pay too much tax

Less tax means higher returns, so it’s important to make maximum use of the tax breaks available to you. Some tax rules are very complex and others seem to change like the wind. Each person will be affected by tax in different ways. A Financial Adviser can help you make sense of all the rules and make sure your investments are as tax-efficient as possible.

One of the most common taxes we get questions about is inheritance tax (IHT). So, we’ve put together this handy guide to help.

Download your guide to IHT

View all our guides

Stay informed

It’s important to stay up to date to stay on track. Markets don’t always perform as we expect. And tax rules are constantly changing. Your goals and circumstances can also change over time.

It’s an adviser’s job to have their finger on the pulse. So, if you feel like you don’t have the time to read up on what’s going on regularly, getting financial advice could help.

Find out if you’ll benefit from advice

We offer free consultations for you to find out more about financial advice and whether it could help you. This consultation is done over the phone with a member of our advisory helpdesk team. On the call, we’ll talk about your aims, current financial standing and whether you’ll benefit from taking advice. We’ll also discuss charges and next steps if advice sounds like the way to go.

If you won’t benefit from advice, we’ll help set you up with the tools and guidance you need to make your own investment decisions.

Book your free initial consultation

Our team would love to hear from you on 0117 317 1690 (Monday – Friday, 8.30am – 6pm).

Find out more about our advisory services

Important notes

This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.

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