Beware of little expenses; a small leak will sink a great ship.
Don't save what you don't spend, spend what you don't save.
Saving on a regular basis needs to be habitual if you are to achieve your goals. Whether you are saving to buy something specific like a holiday or new car, have the desire to become more financially independent or simply put away money to cover any unforeseen expenses, we can help you develop the habit in order to build those savings.
We’ll help you save towards…
Your new home
Your special day
Regular savings plans (RSP)
Basically you agree to aside a fixed monthly amount, generally anything from £10 per month upwards, and the money is invested into a range of funds over the medium to long term, usually any period between 10 and 25 years.
Some plans, if arranged with friendly societies, are tax exempt so you would have no tax to pay on maturity. For higher monthly investments or shorter time scales an alternative may be a regular premium ISA which would give you all the tax advantages without absolute commitment to a fixed term. It could be an extremely helpful way to ‘discipline’ yourself into saving regularly. Saving is generally a ‘habit’ that once adopted, remains with you throughout life. We can help you acquire this habit.
School fees planning
Traditionally, school fees planning preoccupied only those parents who wished, or had the means, to educate their children privately. University costs which were more relevant to the ‘masses’ remained surprisingly low down on the priority list for parents as the costs associated were deemed ‘manageable’ through either a combination of savings, loans, bursaries or students working in part time employment.
The recent rise in university fees, regardless of the arguments for and against how the loans will be paid back and whether this is better or worse for future generations, has put financial planning for a child’s education firmly back on the agenda.
To discuss which options may be best for your individual circumstances please call and speak to one of our Advisers today.
Let's start planning your financial future today
Get in touch today and let us start helping you towards achieving your financial goals.
28-29 New Road
07753 761 296
07507 882 984
Mon – Fri
9am – 5pm
BBI Independent Financial Advisers Authorised & Regulated by The Financial Conduct Authority. The value of your investment can go down as well as up and you may not get back the full amount invested. The Financial Conduct Authority does not regulate Taxation and Trusts. Your home may be repossessed if you do not keep up repayments on your mortgage. FCA No. 471166