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Guest Blog: Got a Goal But Have You Got a Plan?

May 31, 2019
by Ian Jenkins, Nockolds Wealth *
01279 750678 | ijenkins@nockoldswealth.co.uk



It might be only subconsciously, but most people have some idea what kind of future they are working towards. For example, when are you intending to retire and what sort of income can you expect? Does this level of income mean that you will have enough for the lifestyle that you aspire to enjoy?

Often people’s goals are focused on what retirement looks like. Pensions obviously form a big part of anyone’s retirement strategy, be they a private pension or state benefits. But it’s imperative to look at the bigger picture. What other investments do you have to generate income in retirement, how much do you need to keep for emergencies? Does property play a part – downsizing or perhaps buy to lets? Have ISA allowances been used up?

Recent years have seen added flexibility in the pensions market with increased numbers of options for those drawing their benefits. But with options comes complexity.
With proper financial planning you have the ability to identify your goals and aspirations. Identifying these as early as possible will optimise the time to plan accordingly. The plan itself is designed to try and help you achieve your goals in the most efficient way possible. It’s important to make use of tax allowances and annual exemptions as part of the wider plan.

Factor in a process of cash flow modelling and you have a real plan to work towards. Regularly reviewing that plan is important to keep you on track to reach your goals. 

For an initial chat to see how we might help you to start to plan, please call Ian Jenkins at Nockolds Wealth* on 01279 750678 or email ijenkins@nockoldswealth.co.uk.



 * Nockolds Wealth is an appointed representative of Hanbury Wealth Management Ltd, which is authorised and regulated by the Financial Conduct Authority FCA Number 669520. Nockolds Wealth Ltd is a Limited Company registered in England and Wales with registered company number 9398748. Our registered office is: 6 Market Square, Bishop's Stortford, Hertfordshire, CM23 3UZ, DX 50400 Bishop's Stortford, Tel: 01279 712523, Email: info@nockoldswealth.co.uk. A list of Directors is available at this address. 

Nockolds Wealth Ltd is a separate legal entity to Nockolds Solicitors Ltd and is not authorised or regulated by the Solicitors' Regulation Authority.



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