Farsight Financial Planning

Our knowledge library
planning guides and documents
  • GUIDE TO PENSION FREEDOM
    This is a Guide to New Pensions Freedom. The Government's flagship pensions freedom policy comes into force on 6 April 2015 and will give far greater flexibility over what someone can do with their pension. The new rules should give people more confidence to save into a pension because they will retain much more c …
  • GUIDE TO ANNUITIES
    You can normally choose when to start taking an income from your pension at anytime from age 55. When you do this, part of your pension can normally be taken as a tax-free lump sum (most people can take up to 25 per cent of the fund). The remainder of the pension fund can then be converted into an annuity which pa …
  • GUIDE TO PROTECTING YOURSELF FROM SCAMS
    Fraudsters are getting more deceitful and ever more successful. Pension and investment scams are on the increase in the UK. Everyday fraudsters are using sophisticated ways to part savers from their money, and the Internet and advances in digital communications mean these kinds of scams are getting more common and …
  • GUIDE TO INVESTING
    It might seem complicated – and it isn’t for everyone – but investing can make your money work a lot harder. Whatever stage of life you’ve reached and whatever plans you may have for the future, you want your money to earn the best return possible without taking undue risk. That’s why it’s important to …
  • GUIDE TO 2017 INVESTMENT OUTLOOK
    After a game-changing 2016, the investment environment was not only mixed but characterised by uneven global growth and political events such as Brexit and the US elections. Many of the drivers that affected markets in 2016 will almost certainly remain the focus for 2017. …
  • GUIDE TO NEW YEAR WEALTH PLANNING
    Welcome to our Guide to New Year Wealth Planning. The start of a new year enables you to reassess and critique your financial plans and goals to ensure that you know where you are and where you should be. It means you can also put in place new strategies or update existing ones to achieve the outcomes you are exp …
  • GUIDE TO PROFESSIONAL FINANCIAL ADVICE
    Few of us really have the time or inclination to understand the vast number of different investment products available on the market and consider what the best options are to suit our particular objectives. To do this effectively, it would need to become a full-time job. …
  • GUIDE TO WEALTH MANAGEMENT
    Welcome to our Guide to Wealth Management. Our personalised approach is designed to help us understand your wider ambitions and objectives for your wealth, whether you want to generate an income that supports your lifestyle, family and retirement plans; need help to pass your wealth on to future generations; or fu …
  • GUIDE TO INVESTMENT MATTERS
    Anything is possible when you manage your money the right way. Whatever your goals in life are, careful planning and successful investing of your wealth can help you get there. Investments can offer both risk and return, and generally the bigger the risk the greater the potential return. …
  • GUIDE TO ACTIVE AND PASSIVE INVESTMENT MANAGEMENT
    If you are looking to invest in shares or bonds, you may think about putting your money into one or more managed funds. Managed funds are pooled investments that contain different securities, so you reduce the risk of holding just a few individual shares or bonds. …
  • GUIDE TO INDIVIDUAL SAVINGS ACCOUNT TRANSFERS (2018)
    Did you know you can transfer your Individual Savings Account (ISA) from one provider to another at any time? Transferring your ISA to another provider is easy and could boost the funds in your tax-efficient account – but it has to be done right. If you have accumulated a number of ISAs over the years, keeping t …
  • GUIDE TO INDIVIDUAL SAVINGS ACCOUNTS (2018)
    Stock markets may be a riskier home for your savings, but higher rewards may be possible if you plan and take a longer-term view. Over longer periods, stocks and shares tend to deliver a superior return to cash, despite periodic bouts of volatility. …
  • GUIDE TO ASSET ALLOCATION
    Understanding investment risk and determining what level of risk you feel comfortable with before you invest is an important part of the investment decision process. Your potential returns available from different kinds of investment, and the risks involved, change over time as a result of economic, political and …
  • GUIDE TO INVESTMENTS
    Welcome to 'A Guide to Investment Planning'. Planning for your future financial independence relies on selecting the right type of investments and balancing the risks you are comfortable with alongside the potential returns. As a general rule, the higher the risk, the greater the potential rewards or possibl …
  • GUIDE TO INVESTING FOR INCOME
    Welcome to 'A Guide to Investing for Income'. Generating an income from your investments will be an important requirement especially if you've retired or are approaching retirement, or if you need to supplement your salary, or have a relatively short investment timeframe. Income seekers in recent years have exper …
  • GUIDE TO LIFETIME ALLOWANCE
    The Government has introduced comprehensive reforms to the pension rules over the previous few years. One important change, which may have been overlooked by some savers, is the reduction of the Lifetime Allowance that applies to pension savings. This further reduction means that you may be affected. …
  • GUIDE TO SIPPS
    It is essential that you start to plan for your retirement as early as possible so that you are able to live comfortably in the knowledge that your lifestyle needs are covered. This will mean careful consideration of your pension fund throughout your working life. …
  • GUIDE TO PENSION TRANSFERS
    Welcome to 'A Guide to Pension transfers'. Understanding whether you will benefit from a pension transfer can be very complex and you should always receive professional advice. everybody's circumstances are different, so you won't necessarily benefit from a pension transfer just because other people you know are t …
  • GUIDE TO PENSIONS AND DIVORCE(2018)
    Divorce and pensions are very significant. A pension could be a couple's most valuable matrimonial asset, in some cases worth more than the equity in the family home. As such, it is important that pensions are considered in the financial settlement if a couple decides to divorce or dissolve their registered civil …
  • GUIDE TO RETIREMENT PLANNING
    Welcome to our Guide to Retirement Planning. In recent years, retirement has become more about the opportunity to enjoy your life after work. Your finances are a huge part of achieving that. With the maximum State Pension currently £8,546.20 (2018/19) a year, you’ll need to decide if this is going to be enough …
  • GUIDE TO PENSION CONSOLIDATION
    Few of us today remain in the same career throughout our working lives. The result is that many people may have a number of different pension pots from previous employers. However, combining them into one single pension could make real …
  • GUIDE TO FLEXIBLE DRAWDOWN
    After years of saving into your pension fund, you've now decided you want to retire and are overwhelmed by the retirement options available. We can work with you to choose the right strategy in order for you to enjoy your retirement years. …
  • GUIDE TO PROTECTING YOUR FINANCIAL PLAN
    Welcome to our Guide to Protecting Your Financial Plan. The right professional financial advice can give you the freedom to live life on your terms, and key to this is safeguarding your financial security by making sure you have adequate protection in place to care for the people and things that matter. …
  • GUIDE TO CRITICAL ILLNESS PROTECTION
    It's easy to think "it won't happen to me," but if the worst should happen, your critical illness insurance could help provide financial security at an emotional and difficult time. Whether it helps pay off your mortgage, funds a relaxing holiday to recover from treatment, or just help you cope with the bills and …
  • GUIDE TO PROTECTION PLANNING
    Inside we look at the number of key areas that will empower you to put in place an effective protection planning strategy to preserve and protect your wealth for you and future generations. …
  • GUIDE TO THE NEW INHERITANCE TAX RULES 2017
    Unforeseen life events and circumstances can potentially impact your finances in a number of ways. We can help you to safeguard your wealth for future generations. But, for many of us, there can be a remarkable gap between our intentions and our actions. …
  • GUIDE TO NEW YEAR TAX PLANNING (2018)
    Now that we’ve entered the 2018/19 tax year, a number of key changes have taken place to existing policies, along with some newly introduced initiatives. It’s important to consider these tax implications when making financial decisions. …
  • GUIDE TO YEAR END TAX PLANNING (2018)
    We provide suggestions for further consideration and discussion, enabling you to arrange your taxes, investments and wider financial affairs to reduce current and future tax liabilities. Please keep in mind that everyone's tax situation is different. Before implementing any of the strategies discussed here, you sh …
  • GUIDE TO TRUSTS (2013)
    As your life changes over time it's important to ensure that your financial objectives continue to meet your needs. The structures into which you transfer your assets will have lasting consequences for you and your family. Succession planning enables a smooth transition to the next generation. It also enables you …
  • GUIDE TO SUCCESSION PLANNING (2017)
    Family succession planning is a journey that should commence the day you start your business, but often only commences with a trigger – in other words, something that has initiated the decision to start the succession process. It may be one of the most challenging experiences facing any business leader, especial …
  • GUIDE TO END OF YEAR TAX PLANNING
    With the end of the tax year rapidly approaching on 5 April, now is the time to focus on ways to mitigate any tax liability. To make the most of the opportunities available, if you've not already done so, you should start putting plans in place now. Here we look at some of the areas you may need to consider to min …
  • GUIDE TO THE NEW INHERITANCE TAX RULES 2017
    Unforeseen life events and circumstances can potentially impact your finances in a number of ways. We can help you to safeguard your wealth for future generations. But, for many of us, there can be a remarkable gap between our intentions and our actions. …
  • GUIDE TO ESTATE PRESERVATION (2018)
    Welcome to our Guide to Estate Preservation. Wealth transfer has become an important issue for many families today. Individuals with assets of any size should prepare for their eventual transfer whilst making provision for any tax or legal consequences. …
  • GUIDE TO ESTATE PLANNING
    Estate planning should start early in life and is for everyone, not just the very wealthy. It is about ensuring control of your estate and planning ahead so there are no uncertainties about how it is managed in the future. …
  • GUIDE TO ESTATE PRESERVATION
    welcome to A Guide to Estate Preservation. Carefully planning the financial affairs of your estate is essential to ensure that you can pass on the maximum benefit to your beneficiaries. Estate preservation is about helping you to look after and maintain your wealth in the most efficient way. Once the domain of the …
  • GUIDE TO IHT 2018
    When we die, we like to imagine that we can pass on our assets to our loved ones so that they can benefit from them. In order for them to benefit fully from your assets, it is important to consider the impact of Inheritance Tax. …
  • GUIDE TO AUTO-ENROLMENT
    Up to 11 million workers will now start to be automatically enrolled into a workplace pension which commenced from October last year. larger employers were the first, with small and medium- sized employers following over the next six years. …
  • GUIDE TO SUCCESSION PLANNING (2017)
    Family succession planning is a journey that should commence the day you start your business, but often only commences with a trigger – in other words, something that has initiated the decision to start the succession process. It may be one of the most challenging experiences facing any business leader, especial …