Six Steps to a sound Financial Plan

October 12, 2021

Six steps to a sound financial plan:

  1. Establish short, medium and long term goals in life
  2. Identify and list down all of your Assets and Liabilities.
  3. Look closely at your current financial situation – are you close to achieving your goals?
  4. Put together a plan in order to achieve your different goals – do you need to save more into your pension or ISA? Do you have sufficient life cover?
  5. Put your plan into action – make the changes that you need to make
  6. Review your plan at least every year to ensure that you are on track, and make any adjustments as and when need

Your Westerby Investment Management Adviser will help you every step of the way. With regular meetings and updates, we will help you to achieve your goals.

Contact us today on 0116 2470304, or by e-mail to info@westerby.co.uk, for a free Financial health check.

You may also be interested in

What are the personal tax implications of the Autumn Statement?

What are the personal tax implications of the Autumn Statement?

With the government aiming to close an estimated £53bn gap in the public finances against the backdrop of the cost-of-living crisis, no one was surprised by the widely predicted ‘stealth taxes’ of Chancellor’s Autumn Statement. Here, we take a closer look at the...

Westerby’s annual staff day 2022

Westerby’s annual staff day 2022

Westerby's annual staff day at the Leicester Racecourse on Monday was a great success! It was the first gathering of the whole company since October 2019, and it was wonderful to see everyone back together again. The morning started with presentations from different...

Autumn 2021 Budget Summary

The Chancellor announced lifetime allowance (LTA) limits for pensions savings will be frozen at £1,073,100 until 5 April 2025. There was no change announced for the annual allowance (AA) rules which means the standard AA remains at £40,000, the Tapered AA between...