Benefits of Financial Advice That’s Independent
Global Equity markets are shaky, the UK has overspent & many people are not sure of the future as far as jobs, money and finances are concerned. It might all seem very bleak and indeed the UK.PLC has a lot of pain to accept before we start to get the finances in order. Although the new coalition government might begin to address the issues facing the UK we can all take some time to go over our own individual finances.
I am a firm believer that where change occurs, opportunities are present. The emergency budget might close some loopholes as far as tax planning is concerned, but others may become available to encourage entrepreneurship & long term saving. Personally if you can get the most acceptable investment return for the amount of risk you are able to accept , blended with using tax breaks and low-cost investment funds, then over the long-term you should see the benefits.
The old phrase “don’t let the tax tail wag the dog” has never been closer to the truth. Seemingly a large number of individuals with buy to lets have put them on the market, possibly to sell before the emergency budget in 3 wks time. The reason is the possible change to capital gains tax. Great, but what if the government decide to backdate CGT to the 6th of April. In reality these investors should have taken the possibility of CGT into account when designing their investment portfolios. Property is an ill-liquid asset it cannot be easily disposed of. Due to the gain in property values over the last ten years numerous investors will face possible CGT bills when they least expect it.
A good financial adviser will be able to point out the Disadvantages & advantages concerning different types of investments. This should include the investment risks and possible tax implications.
If you’re looking for financial advisors, Bristol based Consilium Asset Management can help you.
Tags:advice, Finance, investments, tax planning