Financial planning goes beyond just managing money; it’s about helping people create a clearer path to the life they desire, providing them with confidence that their finances are helping to support their goals every step of the way.
When your employees first think about financial planning, it’s natural for them to focus on the numbers. They might be interested in reducing their tax bill, maximising their investments, or ensuring they are on track for retirement.
While financial planning can certainly help in these areas, it goes far beyond that. It is about helping your employees feel more confident about the future, make better informed choices, and enjoy the lifestyle they want today and in the future.
When your employees first approach a financial professional, it’s often because they need support with a specific question or concern, such as:
- Can they afford to invest more of their wealth?
- How much do they need to save to enjoy their lifestyle in retirement?
- What can they do to reduce Inheritance Tax for their loved ones after they’re gone?
While a financial planner can help them answer questions like those above, the process of financial planning is even more all-encompassing.
This guide explores how financial planning could deliver lasting benefits. It could help your employees strengthen their financial position, keep them focused on their goals, encourage them to reflect on what truly matters to them, and guide them in taking steps to achieve those goals.
Secondsight is a trading name of Foster Denovo Limited, which is authorised and regulated by the Financial Conduct Authority.
Please note: This guide is for general information only and does not constitute advice. The information is aimed at retail clients only.
All information is correct at the time of writing and is subject to change in the future.
Please do not act based on anything you might read in this article. All contents are based on our understanding of HMRC legislation, which is subject to change.
The Financial Conduct Authority does not regulate estate planning, cashflow planning, tax planning, trusts, Lasting Powers of Attorney, or will writing.
A pension is a long-term investment not normally accessible until 55 (57 from April 2028). The fund value may fluctuate and can go down, which would have an impact on the level of pension benefits available.
The tax treatment of pensions in general and tax implications of pension withdrawals will be based on individual circumstances, tax legislation and regulation, which are subject to change in the future.
The value of your investments (and any income from them) can go down as well as up and you may not get back the full amount you invested. Past performance is not a reliable indicator of future performance.
Investments should be considered over the longer term and should fit in with your overall attitude to risk and financial circumstances.
Note that life insurance and financial protection plans typically have no cash in value at any time and cover will cease at the end of the term. If premiums stop, then cover will lapse.
Cover is subject to terms and conditions and may have exclusions. Definitions of illnesses vary from product provider and will be explained within the policy documentation. Pension savings are at risk of being eroded by inflation. Pension income could also be affected by interest rates at the time benefits are taken.
