For individuals 09 was a yr we’d rather forget. A world-wide setback, stock Exchange turbulence plus an overall impression of uneasiness have left a great deal of people feeling very unsure about next year.

Hopefully 2010 will be a more restorative year. Even So there are steps we can put into place to help our .

A small thing we can do to get the position into perspective is to look over our finances. Whether it is your house finance, outstanding loans, investment funds, income or spending patterns need to be re-examined regularly.
Taking out a review will assist you to discover where your finances can be bettered and maybe where you might make improvements.

It is vital to re-examine your Savings & Investments, to check they are suitable to the amount of risk you are prepared to take on. It is also worth looking at your credit cards such as Amex, Visa, electricity and gas as well as house and car insurance to see if you could get a better deal. Even a small improvement could make a difference to your monthly budget.

Making the most of your annual taxation allowances such as mini and maxi ISAs, CGT allowances and pension planning are also ways of reducing the level of tax you could pay.
Whilst income and capital gains tax are significant, the effect of IHT should also be thought about.

Many people possess assets over the value of the IHT Nil Rate band. Efficient tax advice can be used to reduce the overall amount of IHT their estates might have to pay.

For lots of individuals, the functions provided by Financial Advisers allow them to re-examine and implement changes to their finances and savings.

If you think that you would benefit from independent and impartial financial advice please call us on 01454 321511.

Consilium Asset Management