business FINANCE
HELEN BOOTH INDEPENDENT FINANCIAL ADVISER deVere France
New Year Review It’s that time of year again! The festivities have ended, the wine’s drunk, and the leftovers have all been consumed. It’s also around this time that we vow to stick to our “new” New Year resolutions. If you’re undecided as to what they might be, perhaps it is time to make a resolution for reviewing your finances as well. Now that the impact of Brexit is more known, and with banks closing accounts and credit cards for people not living in the UK, and restrictions on how you can access your pensions, it would be wise to look at how it will have had an impact on your financial goals, your pensions, and your savings. ▪ When was the last time you did/had a financial review?
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▪ Are your savings now in the right account and place? ▪ Do you know that you are getting the best returns on your savings account? ▪ Do you know how your investments have been performing? ▪ Are your savings in a tax efficient investment plan? ▪ Could your investments be performing better? ▪ Are your pensions located in the best country if you live in France? ▪ Do you have pension schemes in the UK that you don’t know about or are unsure about their future ability to provide a pension? ▪ Is it time to investigate moving your pensions from the UK? ▪ If you are saving for something in particular, are your savings on track to enable you to reach your goal? ▪ Have you been getting the best exchange rates from sterling to euros? ▪ Have your financial needs or priorities changed? ▪ Are you up to date with any changes in the French tax system that could have an impact on your savings and investments? ▪ What effect has Brexit had on your pensions and savings?
These are just a few of the many important questions that you should regularly ask yourself regarding your finances - and not just at the beginning of each new year either. If you are unsure about some of the answers that are revealed when asked, then it’s likely time for a financial review. It is always wise to have a regular financial review to make sure that you are fully informed of any financial changes that may have happened, and to see if you can make your money work even harder for you during these challenging times. I can assure you that it will be time well spent to ensure that you are in the best position you can be with your finances. All you’ll have lost is the time it takes for a review to be performed; time that will repay you with peace of mind and reassurance. When choosing an adviser to carry out a financial review on your behalf, always ensure that they are fully regulated in the country they are based in, as well as being fully independent, so that they can offer impartial advice and have access to all of the financial markets. Please note, the above is for education purposes only and does not constitute advice. You should always contact your deVere adviser for a personal consultation.* No liability can be accepted for any actions taken or refrained from being taken, as a result of reading the above.
