How we work

When we first meet, we will usually start by discussing your aims and objectives as well as obtaining your personal details before going on to conduct a thorough financial review.  We will also assess your attitude to risk and capacity for loss.

Following our review, we will take time to consider your situation in detail and carry out our research before writing a full report of our conclusions and presenting it to you at a subsequent meeting.  We will then discuss our conclusions and recommendations with you, before agreeing priorities and what should be done in order to achieve your objectives.

Considerations

Protecting you and yours

These days protection does not just mean Life Assurance.  Additional cover such as Permanent Health Insurance and Critical Illness cover is increasingly important.  It is vital to choose something that reflects your individual needs rather than selecting the cheapest deal available.  We will help you find the best combination of cost and cover.

Savings and investments

There are a vast array of options open to the modern investor.  From relatively low risk building society accounts to higher risk, high yield schemes such as Equity ISAs and Unit Trusts, choosing how to invest your money is a potential minefield.  We will advise you on the relative merits of all these schemes whilst also taking into account your tax position and risk profile.

Planning for retirement

Unfortunately, supplementing the State Pension Scheme is now imperative for anyone who wishes to enjoy a comfortable retirement. At Red Planet Financial Solutions we pride ourselves on finding the best pension scheme for you.  Even if you have already made some provision, we may have a few new ideas. In addition, our service does not stop there.  The options available from your pension fund when you retire can be complex.  From lifetime annuities and income drawdown to impaired life annuities and phased retirement schemes we can help you cut through the jargon and advise on how best to structure your pension benefits.  We will help you grow your assets too – protecting the value of your capital without taking undue risks.

Tax advice

In partnership with the tax-planning department of a regional accountant, we are able to provide aggressive solutions to Income Tax, Capital Gains Tax, Corporation Tax and Inheritance Tax problems.

Estate Planning

Reducing potential tax liability on your estate could provide your loved ones with sizeable financial benefits. We will assess the value of your estate and offer tax-efficient advice on reducing your liability, including the use of Trusts and Tax efficient investmetns, where appropriate.

If you choose to proceed with our recommendations we will ask you to sign a copy of our report, complete all the paperwork and then we process any applications and keep you informed of our progress along the way.

Annual Reviews

If you have money invested, it is vital that its performance is monitored.  You wouldn’t leave your cash unattended so why leave the performance of your investments unchecked.

One of the biggest problems facing investors is that the difference between an investment that performs well and one that performs badly can be enormous.

In good times, when stockmarkets are on the up and the value of your funds are growing, perhaps you do not need to worry quite so much about your investment decisions.  However if you do not keep a check on just who is managing your hard earned money and how well they are doing, you could be losing out.

We include an annual review service of all your pensions and investments to ensure that they are performing as well as they could and are still in line with you investment objectives.

We would very much like to meet you to discuss how we can help you make the most of your money.  To find out more, call 0113 2604285 or email jane@redplanetfinancial.co.uk