Sterling Scott Financial Advisor

It is important to help ensure our clients savings are placed in the most suitable arrangements to ensure access, growth and flexibility. “One size does not always suit all” and this is the same for investments. By considering a range of types of investment vehicles we endeavour to set and achieve goals, whether that be buying the next car, university costs or planning for retirement, whilst mitigating the liability to taxes on the proceeds.

It is important to help ensure that when our clients reach their retirement date, at whatever age that may be, they have sufficient assets to provide them with the necessary income to maintain their desired quality of life. An employers pension may achieve this but more often additional arrangements may be needed. We help to set goals and aim to achieve them with options and flexibility where needed. There is an old Chinese proverb that states “The best time to plant a tree is twenty years ago; the second best time is now.” This proverb could have been written about retirement saving. There is no doubt that the sooner you start contributing towards your retirement the better your retirement will be. More than any other form of savings, pensions benefit from significant tax breaks which will help your savings to grow quicker.

Our aim is to help ensure that our clients and their families and /or business are protected against the effects of a premature death, illness or accident. Any of these occurrences could put the family’s home or standard of living in jeopardy and we aim to mitigate the adverse effect should any of these occur. It’s easy these days to simply go online and buy a policy but are you buying the most suitable protection policy for the right reasons? Protection plans come in many guises including whole of life, family income benefit and mortgage protection. On top of this, there are lots of additional choices such as level, decreasing & increasing cover, flexible term, renewable, first/second death, critical illness, terminal illness? And what about placing the plan in trust? All of this is relevant to a business and its continued profitability.

It is hard enough for our clients to save for their futures without having to pay a portion of their savings/income in tax. Whatever area of financial planning we are working with, we will always consider the most tax efficient method available to help achieve our client’s goals. Although most clients are aware of income tax, few take advantage of other tax allowances such as this for Capital Gains Tax and most do nothing to reduce their Inheritance Tax liabilities.

Someone once said “Inheritance Tax is a voluntary tax” meaning we are able to reduce paying it, with a little planning. We will help our clients to assess their potential liability and can make recommendations to reduce their eventual liability, where possible. As well as helping to ensure their estate passes to the people they want to receive it.

As we all get older and live longer, inevitably this will result in more of us requiring some level of additional care. Yes, the local government is required to make provision but all too often there is either no budget for support or not to the standard we would wish for our loved ones. Costs can be a huge burden not only for clients but their families as well. We can help arrange solutions that can cover the costs of residential or nursing home fees. Long Term Care plans are designed to assist in meeting the costs of this additional care providing a guaranteed income for as long as it is required. We understand the importance of making your money last.

Why not make contact with us so you can discuss your needs further, you may find we are just what you have been looking for. The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.