Pensions:
Pension planning is far more complex than many people realise, with constant changes to rules and regulations. Our aim is to simplify this on your behalf to help ensure you save sufficient money during your working life to provide an income stream for you to live comfortably after you have retired.
The money you pay into a pension is put into a portfolio of investments, which we will recommend based on your attitude to risk, capacity for loss and investment timeframe. The money you’ll get back from a pension usually depends on:
- How much has been paid in.
- How the fund’s investments have performed. They can go up/down.
- How and when you decide to take your money.
Investments:
There are many different types of wealth investments and dependent on a client’s circumstances and objectives, we will explain those that are most relevant. Usually, the investments we recommend will contain a proportion of stocks and shares, which are designed to be held for the longer term.
Whilst access is possible, you need to be comfortable with tying up this money for a period of time and we believe you should not consider equity investments if you require the funds earlier than 5 years, unless you have sufficient savings in place.
The value of most investments may fall as well as rise and you may get back less than you originally invested, although they do offer the prospect of potentially higher returns than deposit accounts.
Protection Plans:
Financial products are sometimes at their most useful when they are protecting our families, our incomes, or our property.
Whilst insuring ourselves against an undesirable event such as sickness or death which may not be a topic you want to think about, the benefit of being able to set financial issues aside at an emotionally difficult time, cannot be overlooked.
There are various ways in which a family can protect itself, and because of the large range of products available, there is usually an appropriate policy for most circumstances, and most budgets. We can explain the options most suitable to your circumstances and recommend a suitable plan to protect your family and your standard of living, should something unexpected happen.
Referral Services
We work closely with a number of professional firms outside of JLM Wealth offering Mortgage Advice, Payroll services, Social Media and Marketing services, plus Wills and Lasting Power of Attorneys and if you are interested in any of these services, we will be able to pass on your contact details to them.