“Independent Financial Advisers,       Peterborough and London”

01733 355120

02036 377140

enquiries@hensoncrisp.com

What is Financial Planning?

what is financial planning

It's simply your list of short, medium and long-term goals that are important to you, together with an outline of how you're going to use your money to achieve those goals.

Financial Planning is an ongoing process to help you make sensible decisions about money that can help you achieve your goals in life; it's not just about buying products like a pension or an ISA.

It could start with protecting your family by putting appropriate wills in place and considering how your family would manage without your income, before taking a more detailed view on managing finances and investment strategies.




The importance of a financial plan

We need to plan for unexpected life events like falling ill or dying prematurely. You could build a plan on your own to allow for unplanned eventualities, or if your needs are more complex you should consider the help of a financial adviser.

A financial adviser has a wealth of knowledge and experience, they can advise on investments, insurance, estate planning, budgeting, retirement planning, saving for college, tax planning and many other areas.

The best part of personal financial planning is that your future will be more secure.




How can a financial adviser help me?


Managing your finances

A financial adviser can assist you in managing your finances to ensure you are on right track to meet your financial goals. They will not only assess your current financial situation but discuss the objectives you would like to reach (and how long it will realistically take to achieve them).

Evaluate your financial situation

By helping you evaluate your financial situation, your financial adviser will be able to work with you to develop and implement a plan, that will help you reach your goals. It's important that your goals are reviewed on a regular basis too, a financial adviser will also help you to ensure your plan stays on track.

Your goals change with age and situation. It's hard to envisage the impact of funding your children through higher education, helping them to buy their first house, helping them out after a divorce or assisting relatives with unexpected long term care plans. We don't always know what's round the corner.

Keeping you on track to reach your goals

A financial adviser can help you make smart decisions to keep you on track in achieving your financial goals. They may suggest starting (or increasing) pension contributions in order to save for your pension, or putting aside money for unexpected events.

A financial adviser may also advise you on ways to grow your capital and protect things that matter like your family or business.

Peace of mind - keeping your finances under control

Financial planning can give you peace of mind that your finances are under control, and help you achieve your financial objectives.

Have financial goals, but don't know how to make them happen? Come and talk to us




When's the right time to make a plan?

The time to create a financial plan is NOW! It doesn't matter what your income is or plans for the future, it's important to have a solid plan to achieve your goals. It's not wise to have plans for your future retirement without first looking at how you can achieve and sustain your financial goals. Start creating a financial plan today, to enable your money to offer you more of what you want out of life.

Often planning for the future takes a back seat to staying financially secure, even those living from payday to payday can benefit from financial planning by creating a budget. A budget can be valuable in determining what you actually spent each month and can help you find ways to cut down or even eliminate unnecessary expenditures.




Helping you plan and invest for the future


Investment Planning
Spreading your capital in order to reduce risk, our investment approach emphasises the protection of capital.

Retirement Planning
Many people will need their capital to support them for 20 or 30 years in retirement or even longer.

Pension Planning
New pension rules make pensions an ideal way to invest and maximise tax savings.

Inheritance Tax Planning
With advance planning we can help you look at ways to minimise potential tax bills.

Protection Planning
It's important to protect your family and your assets, we can help you to maintain your wealth.


Financial planning is not just about investing, protection and tax mitigation. It is a process.
It allows you to manage your finances in such a way that you can link it to your goals.




Creating a sound financial plan

1. Establish your goals in life, whether they're short, medium and long term.
2. Set out your assets and liabilities (pension, house, investments, savings, dependants etc.)
3. Look at your current financial position and how realistic your goals actually are
4. Develop your plan and explore new ideas, maybe think about phasing your retirement
5. Your plan isn't just about money, think about your lifestyle and getting the most out of your retirement
6. Ongoing reviews - It's important to monitor and review your plan regularly to stay on track

Find out More about our financial planning process »




We specialise in providing you with quality, professional financial advice that you can trust.

Any information in this blog article does not constitute advice and should not be acted upon without taking professional advice.


Wealth Managment and Later Life Advice

Henson Crisp Ltd are Independent Financial Advisers (IFAs) based in the city of Peterborough. We provide high quality Financial Advice, Financial Planning & Wealth Management advice. Our advisers are able to advise on a range of financial areas from investments and savings, retirement options, tax planning and business information to advice at Later Life and care fee funding options.

The value of your pensions and investments and income from them may go down as well as up. You may not get back the original amount invested.


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Our London Office

25.03.15

We have recently opened our London office; many of our existing clients are based in London.

London Office



i2 Office, No.1 Royal Exchange, London, EC3V 3DG

T:020 37516510

E: enquiries@hensoncrisp.com


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Later Life Advice

When you save for a pension, you shouldn't focus only on how much you're putting into it. You should also regularly review how it's being invested. And as you get older, you should probably change your investment strategy to reduce risk as retirement draws closer. This is where we can help.

We pride ourselves in our expertise we can offer in this area. We will look at getting you the best possible retirement that your savings, Investments and pension will allow and cover any protection issues like Long Term Care.

There are many options for funding long-term care and they can often be complicated to understand. Long Term Care expert advice can give you peace of mind to those needing care and to their family.

We can discuss the many care fee funding options available including immediate need care fee payment plans and deferred payment agreements.


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Pensions & Retirement Options

Pension Planning

It's essential that you review your pension situation regularly. We can help you with taking steps to make it more certain that your pension pot will be able to achieve the income you want when you retire.

We can help you look at your retirement options and make sure you're making the most of tax benefits when paying into a personal pension and advise on consolidating any earlier pension schemes you may have entered into with previous employers.

Let us explain the new pension freedom changes happening in April 5th 2015 which give you more choice on Annuities and Income Drawdown.

The value of your pension can fall as well as rise and you may not get back the original amount invested.


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Investments and Savings Advice

Our team of advisers assess where you are financially and where you'd like to be positioned to cope with future life stages. It's important to make sure your investment planning is on track

We can advise on a range of products, including but not limited to:

Property Investment

Premium Bonds

National Savings Certificates

Individual Savings accounts

Investment Bonds

Offshore Investment Bonds

Unit and Investment Trusts

Share Portfolios

The value of your pension can fall as well as rise and you may not get back the original amount invested.


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Long Term Care

The options for funding long-term care are varied and can often be complicated. So if you or a loved one need to pay for care at home or in a care home, it's important to know the facts.

We can discuss the many care fee funding options available including immediate need care fee payment plans and deferred payment agreements.


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Tax Planning

For those with large portfolios or whose estates fall into the Inheritance Tax trap specialist independent financial advice can provide you with tax mitigation strategies to minimise your tax liability.


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Business Advice

If you're a business owner it's a good idea to seek guidance from an independent financial adviser (IFA) as we can help you with the financial matters that are the foundation of every business. We can give you advice on how to structure your company, insure your business, protect your employees' financial well-being and protect the business if a key employee cannot work.

Covering but not limited to:

Business Protection - Providing Cover for Key Personnel, Directors and Groups. Providing replacement income if an employee is absent from work through long-term illness or injury.

Employee Benefits - Advising on benefits such as pensions and life protection to your employees.

Directors Pensions - The aim of a Director's Pension is to build up a sum of money in a tax-efficient way that will be used to provide you with an income when you retire.

Auto Enrolment - A workplace pension is a way of saving for your retirement that's arranged by your employer.


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Advising on your savings and investments for your future

Our independent financial advisers can offer expert financial advice to both individuals and businesses

We're here to assist you in all areas of financial planning, helping you to achieve your financial and lifestyle goals and protect all that's important. The type of advice we give you can depend where you are in Life.

For instance at Pre-Retirement we would help you in ensuring that sufficient reserves have been built up to provide the desired level of retirement. Whereas at Later Life we would be looking to ensure you're enjoying the best possible retirement that your savings and pension will allow and minimising inheritance tax on anything that you wish to pass and perhaps investigating Long Term Care options.

The value of investments and income from them may go down. You may not get back the original amount invested.



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Useful Articles on your Pension Pot

21st Oct 2015

Planning for Retirement The importance of Planning for Retirement
10 Top Retirement Planning Tips Pension Forecast, carry on working, defer pension income and more
Getting the most from your Pension Savings, Tax Relief, Reviews
Pensions advice for self-employed What you should consider on Pensions if you're self employed
Taking regular withdrawals from your pension pot? The danger of taking regular withdrawals from your pension pot
How big should my pension pot be? Anything from £12,000pa to 2/3 of your salary


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The importance of Planning for Retirement

Once you reach the stage where you're considering your retirement income, expert financial advice becomes even more important. Many of the choices you make at this time will affect your lifestyle so you need to make sure they're right.

A pension is a form of investment or savings plan designed to provide you with an income to live on when you retire. There are many different types of pension arrangements available, including the state pension.

Options are varied and can be tailored to your circumstances.

Find out More on Planning for Retirement »  Planning for Retirement




10 Top Retirement Planning Tips

Let us help you to get the most from your retirement. You need to look at finances and seek advice if needed, also think about making the transition from work to retirement as smooth as possible. It can prove difficult going from full time work to being at home.

10 Top Retirement Planning Tips, Find out More   Find Out More »




Getting the most from your Pension

Do you want to know how to get the most from your pension?

There are a number of things you can do to improve the performance of your pensions.

How to get the most from your Pension  Find Out More »




Pensions advice for self-employed

You can't rely on the state pension for your retirement

It's really important to start planning ahead as soon as possible, so that you can live life the way you want when you retire.

Being self-employed can leave you vulnerable when it comes to your pension. It is very likely you will need another pension, apart from the state pension, in order to retire comfortably.

Our advisers are qualified to offer comprehensive guidance on taking out a personal pension. When it comes to your pension it's important you take proper advice.




Do you want to find out more on Pensions advice for self-employed?   Find Out More »




The dangers of taking regular withdrawals from your pension pot

Following changes introduced in April 2015 you have more choice and flexibility than ever before over how and when you can take money from your pension pot. It's important to take your time to understand your options, and get the right help and advice. What you decide now will affect your retirement income for the rest of your life.

Using the new freedoms to make regular withdrawals without keeping a close eye on the markets and their effects on your fund is a dangerous route.

The danger of taking regular withdrawals from your pension pot  Find Out More »




How big should my pension pot be?

Anything from £12,000pa to 2/3 of your salary?

Everyone wants to save enough to ensure they have a comfortable retirement. But it's difficult to know just how much income you'll need as a pensioner.

Many experts are saying 2/3 of your income to live very comfortably (and maintain their lifestyle) and £12,000* for a very basic standard of living.

Do you know how big should my pension pot be?   Find Out More »





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Henson Crisp ~ Qualified Financial Advisers Peterborough and London

What do our clients say about the financial advice they receive?

Friendly yet professional service, we have known Jonathon for many years after we were referred to him by a Mortgage Advisor. He has provided us with sound financial advice in this time and we trust his judgement wholeheartedly. As a result we have referred Jonathon to numerous other friends and family, who are equally trusting of him and the services he is able to offer.

Ian and Wendy Hodges-Jackson

When the time came to look closely at my pension plans I knew that I would need help. I am used to dealing with quite complex financial matters, but pensions are different with constantly changing rules / laws, and great care needs to be taken to ensure that you get the best result for your future needs. It is an extremely important decision which I felt required expertise from people used to dealing with such matters. I felt at ease in all my discussions with Rachelle Jordan from Henson Crisp and felt confident that they would do their best for me. At all times I knew where I stood regarding fees etc., and all the intricacies of the pension plans were explained to me carefully, efficiently. and in a friendly manner .

Mr & Mrs N Ely

>> Click here to see what our clients have to say <<


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Contact Henson Crisp ~ Financial Advisers Peterborough

Contact:

Henson Crisp
Peterscourt
City Road
Peterborough
Cambs
PE1 1SA
Tel: + 44 (0)1733 355120
Email: enquiries@hensoncrisp.com


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