Benefits of Financial Advice That’s Independent
Global Stock markets are volatile, the uk has overspent & many people are unsure of the future as far as businesses, money and finances are concerned. It might all seem really bleak & indeed the UK PLC has a lot of anguish to stand before we begin to get the finances in order. Although the new coalition government might start to tackle the problems facing the country we can all take some time to go over our own private finances.
I believe that where change happens, chances are present. The emergency budget might close off many loopholes as far as financial planning is involved, but others may become available to promote entrepreneurship and 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 products, 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 truer. Apparently a large number of individuals with buy to lets have put them up for sale, possibly to sell before the emergency budget in three wks time. The reason is the potential modification to capital gains tax. Great, but what if the government decide to backdate CGT to the Sixth 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 is not be easily disposed of. Due to the growth in property values over the last 10 yrs many investors will face possible CGT demands when they least expect it.
A good financial adviser should be able to indicate the advantages & disadvantages concerning different types of investments. This should include the investment risks and practicable tax implications.
Consilium Asset Management provide financial advice in Bristol.
