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For lots of people 09 was a year we’d rather forget. A worldwide recession, stock market upheaval plus a general opinion of unease have left a great deal of people unsure about next year.

Hopefully the next year will be a better year. Nonetheless there are steps we can put into place to improve our .

One thing we can do to get the situation into perspective is to review our finances. Whether it is your mortgages, outstanding borrowing, investments, income or spending habits need to be surveyed on a regular basis.
Taking out a review will assist you to identify where your finances can be bettered and maybe where you might make improvements.

It is essential to re-examine your investments & savings, to ensure they are suitable to the level of risk you are prepared to take. It is also worth reviewing your MasterCard and visa, gas & electricity as well as household and car 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, CGT allowances and pension planning are also ways of cutting the level of taxation you might pay.
Whilst income and capital gains tax are important, the effect of inheritance Tax (IHT) should too be thought about.

Many individuals and parents hold assets over the value of the IHT Nil Rate band. Competent tax advice can be used to shrink the total amount of IHT their estates might have to pay.

For many people, the services offered by Financial Advisers assist them to review and put into place changes to their finances and savings.

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

Consilium Asset Management