Benefits of Independent Advice
Global Stock markets are wobbly, the uk has spent too much money & many individuals are unsure of the future as far as businesses, money & finances are involved. It might all seem a little bleak and indeed the UK has a lot of anguish to stand before we begin to get the books straight. Although the new coalition government can hopefully start to address the issues facing the economy we can all take time to review our own private finances.
I truly believe that where change comes about, chances are present. The emergency budget will close off many loopholes as far as financial planning is involved, but others may become available to promote entrepreneurship & long term saving. Personally if you can obtain the best investment return for the amount of risk you are prepared to accept , blended with utilising 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 closer to the truth. Evidently a large number of people with buy to lets have put them up for sale, possibly to sell before the emergency budget in three weeks time. The reason is the possible change 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 possible action of CGT into account when planning their investment portfolios. Property is an ill-liquid asset cannot be easily disposed of. Due to the growth in property values over the last ten yrs many investors will face possible CGT demands when they least expect it.
A good financial adviser should be able to point out the Disadvantages & advantages concerning different types of investments. This should include the investment risks & practicable tax implications.
If you’re looking for small business advice, Bristol based Consilium Asset Management can help you.
