Wealth Management

Wealth Accumulation > Wealth Transfer > Wealth Preservation

Build a valuable strategy for achieving your financial and lifestyle goals.

In life, even the best laid plans can be affected by change. Whether it’s intentional or due to factors beyond your control, for better or for worse, change can impact your income, your lifestyle, your job and security. Building a relationship with a personal wealth management advisor can help unlock financial potential regarding your future, such as planning your retirement - be it early, looming or still too far ahead to plan for.

Investment ~ Tax Planning ~ Legacy ~ Lifestyle

When to start managing your assets, in terms of wealth accumulation, and help protect them.

In your 20s to 30s you might consider

Saving for a house deposit or starting a property portfolio

Taking advantage of these early years to set up a retirement fund

Paying off student fees

Getting married with a lavish wedding (or an even more lavish honeymoon)

Starting a family

Planning for your dream car

Savvy considerations for your 40s and 50s could include

Better protection for your income

Expanding a property portfolio or moving up the property ladder

Starting your own business

Planning for well deserved luxury holidays

Paying fees to ensure the best education for your children at school and university

Funding an MBA or going back to university

Taking a sabbatical from work

Planning for private health care

Paying off your mortgage early

Boosting your private pension income fund

Supporting elderly relatives

Enjoying your 60s and beyond

Living comfortably with a retirement fund

Setting up a trust fund for grandchildren

Understanding tax implications such as:
Capital Gains Tax on property sales, Inheritance Tax and making financial gifts to family and charity

Sales of assets

Travel the world with your golf clubs

Buying a holiday home

Funding a vintage wine collection

With a strategic approach to wealth management, Cavanagh focuses on building the right plan for you.

James and Rebecca - Protection planning

James and Rebecca recently became the proud parents of twin girls. James had significant self-employed earnings, and Rebecca was unsure of whether or not she would return to work. They were happy with the house they had moved to a couple of years ago, but they still had a mortgage of around £400,000.

Cavanagh planning solution

With James being self-employed he had no “employers” benefit package available. Although James and Rebecca had taken out life cover for their mortgage, this still left them vulnerable in the event of serious illness. If James was unable to work due to illness, his income would probably cease completely within a couple of months. It was decided to put in place a package of measures to provide a foundation for their future financial planning. Additional life cover was put in place for both James and Rebecca, so funds would be available in the event of death, over and above the mortgage amount, and these plans were written in “trust” to provide quick access in the event of death and free of Inheritance Tax. Critical illness cover was arranged, so in the event of a serious illness a lump sum could be available to cover unexpected costs, and Income Protection for James, so if he was unable to work due to accident or illness for a prolonged period of time, the family would receive sufficient income to pay the necessary bills and mortgage payments, until he could return to work.

Disclaimer

Taxation

Taxes may affect the net value of an investment or any income being received. The levels and bases of, and reliefs from, taxation are subject to change as UK legislation and regulations and the UK tax regime are amended from time to time.

Investment

Past performance of an investment is no guide to its performance in the future. Investments, or the income from them, can go down as well as up. Risk can be brought about by the performance of world markets, interest rates, taxes on income and capital, and foreign exchange rates. You may not necessarily get back all of the funds originally invested.

Mortgages

Your home may be repossessed if you do not keep up repayments on your mortgage.

Protection

If you stop paying the premiums on the policy the life cover will usually cease. The effects of inflation could reduce the purchasing power of the benefits provided. Such plans often have no cash value either during or at the end of the term.

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