We don’t just place your business with Life Companies, Banks or other Financial Institutions unless these products satisfy a specific need. Needs such as…
* BUSINESS PROTECTION – How would your business survive if one of your key employees or shareholders became seriously ill or died suddenly? • If your business partner died, what would happen to their share of the business? • How would you feel about a shareholder’s family joining your business if s/he died suddenly? • If you died what would happen to your share of the business? • Are your spouse or children in a position to take your place in the business? • How will your family survive financially?
These are just some of the questions company directors and people running their own business’s really do need to be considering. Click on the link for additional articles and More information on Business Protection.
* CLEVER INVESTING – What’s good for the GOOSE may be good for the GANDER but when it comes to investing, that certainly isn’t the case. Your personal circumstances will, to a large degree influence the type of investment you should be making. For example, a Capital Gains Tax investment might be very suitable for someone with property assets while totally unsuitable for another. See here for more detailed information on Tax Efficient Investing. We all know that company money left on deposit is attracting zero% returns but did you know that a company investing in a life company managed fund pays just 25% tax on the growth as opposed to 41% for private investors. Structured correctly, this Corporate Investing is proving extremely attractive in the current environment for savvy company directors. Simply having an understanding of money and how it works can save us from making silly mistakes and the sooner we grasp this concept, the better. See here 10 lessons to teach your children about money.
* PERSONAL PROTECTION – How would you or your family cope if your income (Human Capital) tap was turned off due to sickness, illness or injury? This is of particular relevance to people running their own business but for more detailed information, see our article on Income Protection. Specified Serious Illness cover is also another valuable type of protection and pays a lump sum on diagnosis of the likes of cancer, heart attack, stroke. See here our article on the doctor who prescribed serious illness cover or perhaps you would like to compare Income Protection versus Specified Serious Illness Cover. Personal Protection is there to cover a myriad of situations such as mortgage protection, term assurance, whole of Life cover and much more but priority should (but isn’t always) be given to ensuring that regardless of what cover is being put in place, that it’s structured correctly. See here for example a big issue that can arise for cohabiting couples if their cover isn’t arranged in the right way. So, if you have protection already in place and would like a 2nd opinion on it or are thinking of taking out some personal cover now, then get in touch today to reserve your free Discovery Meeting and put your mind at rest.
* RETIREMENT PLANNING – Planning your retirement aka your Financial Freedom is something put off by many to be looked at down the road. The earlier one starts to look at this the better, but the good news is that it’s never too late and to reinforce the point, see here our top 10 reasons why pensions still make sense. There’s a big life to be lived in the meantime however and it’s all about creating balance. There’s little point in putting off things you could and should be doing now while you’re young enough, fit enough and enthusiastic enough to a potential retirement date way down the line which you may or may not get to and though most will get to this retirement age and live long into retirement, most won’t have the same desires to do the things they desired 30 years earlier. It’s all about balance, see here an interesting article on Embracing Retirement and its impact on Health, Social Participation & Wellbeing. Life’s not a destination, it’s a journey and one to be enjoyed and that’s where our Lifestyle Financial Planning approach really works, so why not get in touch today to reserve your free Discovery Meeting.