Simon McCann

Spend wisely and save smartly

June can be one of the best months of the year with summer well and truly on the way. But with all those holidays, weddings, anniversaries, and other spending, it can also be one of the most expensive too.

While you should be focusing on the present, it’s also important to be aware of how major outlays now can have a significant impact on your financial security in later life. A cashflow model can give you a clear picture of the consequences your spending and saving can have on your future.

It’s also good to know about the ways you can use your tax-free allowances wisely on certain expenditures. For example, your gifting allowances can let you pass on up to £3,000 a year to your loved ones without it being added to the value of your estate.*

Together, we can make a plan to help you live your life to the full now, while still having the retirement you want later on.

Click on the contact me today button at the top of my profile to discuss how I can help you.

*Source: HMRC 

I became a Financial Adviser as I see Financial Planning as purposeful work that makes a BIG difference to peoples quality of life in retirement. I’ve worked in finance for just under 30 years but was mostly unaware of tax efficient investment options from my employers, the tax I’d pay in retirement as well as the fees I was paying until I left the City to become a Financial Adviser.

Most of my clients are in the same boat re pension investing when I meet them regardless of the sector that they work in so I mainly help my clients understand how to maximise opportunities, mitigate risks and minimise tax bills when investing for retirement. I like to think that they can outsource their medium to longer term financial worries to me so that they don't have to worry about it on a daily basis. I start with what they imagine retirement to look like and work backwards to deliver a financial outcome as close to their vision as possible.