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Get your finances Summer ready!

Keep thinking about sorting your finances, but not sure where to start? It’s never too late to begin! We’ve put together some handy hints to help you:

There are a variety of ways you can protect your money such as savings accounts, SIPP (Self Invested Personal Plan) or a cash ISA. Whichever option you are wanting to set up, CHN Financial Consultancy are here to help!

ISA (Individual Savings Account)
Put simply, ISA’s are a tax-efficient savings account. The tax-free allowance for 2017/18 is £20,000. Begin tax efficient savings with the help of our Independent Consultants who can provide you with the most relevant options available.

Retirement: Are you saving enough?
It’s never too early to start saving for your retirement; the basic State Pension is £159.55 per week (as of April 2017) and is considered far below what most people say they can live on. Two popular ways of saving for retirement are:

• Work place pension
A percentage of your wage is automatically paid into a work pension scheme. Most companies now contribute a percentage of money towards the pension scheme also.

• Personal pension
This is chosen by you with a pension provider where you can contribute regular monthly payments to the pension provider who will invest it on your behalf.

Investments
Investment is a vehicle to try and ensure that your money receives a profitable return. You can invest in assets such as shares, bonds, funds or property.

Each investment has a different potential for growth and carry their own capital risk, therefore investments can fall as well as rise and you might not get back the original capital invested. You should think carefully before investing.

Need more information?
If you would like further advice on getting to grips with your finances, our Independent Financial Consultants offer professional and unbiased advice. Call 0113 4387820 to discuss your options or use the quick contact form to arrange an initial NO OBLIGATION review.

Clayton Holmes Naisbitt