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Since the outbreak of coronavirus, millions of people in this country have experienced a high level of anxiety.
Receiving expert financial advice, not only helps in a practical sense, but it also helps to improve your emotional wellbeing by making you feel better about your money and yourself.

Financial guidance is not solely for the very wealthy. Here are six common situations when professional financial advice could help you avoid making costly mistakes.

1. Consolidating your pensions

It is common to accumulate several pensions over the years from different employers.
There are many benefits to consolidating your pensions, such as higher returns and lower fees. Our pension specialists can help you maximise your retirement funds and help you chose the most appropriate option.

2. Making financial gifts

Making gifts to your family members is a natural thing to do, but it is worth being aware of the complicated rules around Inheritance Tax and gifting. You may leave the recipient with an unwelcome hefty tax bill in the future.
Our advisers help can you in all financial matters and will ensure that you make gifts within the specified limits. Of course, there is no charge for advice like this, it is all part of the service.

3. Leaving assets to nearest and dearest

Make a will to ensure that your money, assets and property are left to your loved ones. If your estate is larger than the current limit of £325,000 (2021/22 tax year), a 40% Inheritance Tax may be applied to the excess. Seek professional financial advice to explore options that will protect your wealth from tax and ensure that it goes to your loved ones.

4. Starting to invest

Investment always involves an element of risk, but the level of risk involved varies significantly between different products. Your adviser will help to match you with investments that are appropriate for your goals and investment risk. In the current climate, we understand that you may be feeling worried about your work, your finances and what the future holds.

5. Being targetted by scammers

Incredible investment opportunities sometimes present themselves out of the blue and the returns they promise make them very tempting. Unfortunately, these opportunities often turn out to be scams. Please check with your trusted adviser before you embark on such investments.

6. Reviewing your mortgage options

Mortgage payments make up a large percentage of monthly outgoings and reviewing the rates available or restructuring payments can be financially rewarding, whilst also offering peace of mind. Falling onto standard variable rates can be expensive when often there are new rates available from the lender. Additionally, goals such as building an extension, moving house or paying for school fees can also be facilitated via a mortgage and we encourage you to speak to one of our knowledgeable advisers to help navigate and manage the process.