| Tel: +44 (0) 1388 458919 |
| Fax: +44 (0) 1388 665603 |
| E mail: enquiries@paceltd.co.uk |
| Pace Financial Solutions Limited is authorised & regulated by the Financial Services Authority |
PERSONAL CLIENT SERVICESChanges in tax and financial legislation continue apace and informed, tax-based Financial Planning has never been more necessary. Experience has shown us that, unless someone's affairs are very straightforward indeed, professional advice should always result in financial improvement (and sometimes a very significant one). What then are we particularly concerned with? From the individual's point of view, the most common requirements are for protection (despite its modest cost, almost everyone has too little life insurance), general tax planning, pensions/retirement, mortgages, planning for school fees, long term care planning, inheritance tax and investments. The subject of pensions is an almost universal blind spot with most people, yet it is difficult to see why. The average man retiring at 60 has a life expectancy of some 15 plus years and his wife rather more. Just think back over the last 20 years or so, remember the sort of salaries being paid then and imagine life now with a fixed two thirds or one half of those salaries. For those of you who may have forgotten, the average wage in 1970 was £1,500 p.a. In view of the pitiful nature of state pensions, retirement planning should interest us all very much indeed. look also at the extraordinary range of financial and tax concessions available from the Government. They have done everything in their power to encourage us to make proper arrangements for savings and retirement. This generosity is not entirely altruistic since our ageing population means that the country's future pensioners cannot be properly supported within the state system, hence the range of inducements for people to make their own arrangements. Remember the following:-
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