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Personal Financial Planning

Planning for you and your family’s financial security is an important part of any personal financial planning process and, just like frequent health check-ups with your dentist or doctor, you should review your personal financial plans on a regular basis, ensuring that they fit with your current financial circumstances and objectives.

Here at Innes Reid, we offer a personal service and advise clients on all aspects of their financial well-being. The right financial plan will act as a guide in helping you to choose the right types of saving and investment opportunities, how and when to plan for your retirement, what type of life insurance or income protection you might need and how to minimise your tax liabilities.

Our areas of personal finance expertise include:

sml01We build a strategy together and take an active role in managing your retirement assets. We monitor how your pension is performing and keep you informed as to when your plan may need to be adapted by reviewing the strategy, reviewing your position and talking about any changes in the market place.

As you approach retirement, we will advise you on how best to withdraw money from your fund, ensuring maximum flexibility and tax efficiency to meet your needs and offer continuous investment planning and support afterwards.

Every client portfolio is tailored to individual requirements in terms of period of investment, purpose of investment and the amount of risk and security required.

We see ourselves primarily as managers of our clients’ money, and so the correct structuring of client portfolios is the most vital part of our business.

Adequate life assurance and family protection comes before anything else as financial planning can only be successfully implemented when protection policies are in place. We seek to structure the correct level of cover to protect you and your family in the event that your income stops, for whatever reason.

sml02There are many arrangements which you can make that can limit or eliminate the amount of tax due on an estate. We are able to dovetail our expertise in financial planning with specialist Trust knowledge to provide advice relevant to your situation.

Unless you make plans to address the problem of Inheritance Tax early enough, those you intend to benefit from your estate after your death may end up with a substantial tax bill!

More and more people are achieving financial freedom in retirement by releasing equity from their home. Whatever the reason, we search the whole equity release market on your behalf and offer independent financial advice about equity release that’s tailor made to your individual circumstances.

We can guide you through the different types of equity release plans available to find the best possible plan for your needs.

We seek to arrange your affairs in as tax-efficient a manner as possible, using conventional investment products as well as Trusts and similar arrangements designed to provide tax efficiency.

We have a resident expert in Trusts and taxation, and work together with accountants and solicitors to ensure our clients have their affairs properly structured in terms of planning and taxation

sml03Very often the mainstream lenders are not the best place to go for finance and we maintain a professional relationship with every reputable lender in the domestic and commercial markets.

Whether it be a repayment, interest-only, help-to-buy, right-to-buy, or buy-to-let mortgage on variable, fixed rate or off-set terms, or whether you are a first time buyer, someone re-mortgaging, scaling up or down-sizing, Innes Reid starts with advising you on your maximum allowable borrowings and the level that we would suggest is sensible.

We can also deal with possibly difficult scenarios, such as non-standard income or bad credit history – always aiming to get you the very best overall agreement for your current or anticipated future position.

We see the mortgage application process through and with our long experience in the field means we can minimise the time taken and the paperwork needed to achieve your mortgage offer.

We will support you and offer guidance in rebuilding your personal financial plans after a divorce or dissolution of a civil partnership.

Our specialist advisers can answer the many questions and worries you may have regarding property and family protection as well as complex issues such as pensions, how to divide your assets in the most tax-efficient manner or how to invest the proceeds of your financial settlement.

As Chartered Financial Planners, Innes Reid offer you the very best personal financial planning service, carefully mapping out the best financial strategy and supporting you along your financial planning journey.

The Financial Ombudsman Service (FOS) is an agency for arbitrating of unresolved complaints
between regulated firms and their clients. Further details of the FOS can be found on its website:
www.financial-ombudsman.org.uk