A little early financial planning can go a long way

At this stage in your life, retirement is unlikely to be on your radar, you’re probably too busy enjoying life.

But it’s important to have one eye on the future – if you set things up now, you’ll be able to enjoy a more comfortable life later on.  And the good news is that it won’t necessarily cost you as much as you might think. 

It’s worth talking to an independent financial adviser

You can gain a lot from talking to a financial adviser. They have years of experience and knowledge, as well as access to a variety of tools that can help you plan. They’ll work closely with you to understand your situation, what you can comfortably afford, and then develop a financial plan that will help you achieve those goals. 

A financial adviser can help you:
  • Manage or pay off your debts
  • Save for your future 
  • Offer advice on investment opportunities
  • Protect your assets and lifestyle

Retirement planning

Thinking about life when you’re older isn’t of much interest when it’s such a long way away. But whether you like it or not, one day the time will come when you can’t or don’t want to work anymore. When that happens, you’ll be grateful you made a few small sacrifices in your youth.

Saving for your pension plan is easier than you think

  1. It’s not complicated
  2. If your employer offers a workplace pension scheme they will contribute too 
  3. And it comes with great tax advantages 

All employers now have to provide a workplace pension where both parties contribute to your pension. And if you were to retire today you’d also be entitled to a state pension. But there’s no guarantee the state pension will be around when you retire, and just because you’ve got a work-based pension it doesn’t mean it will provide for the retirement you need. That’s where an independent financial adviser can really help. They’ll look at your finances, discuss what you think you may need in retirement and from that work out your monthly contributions. It doesn’t have to be a huge amount, but tucking away a small amount on a regular basis can really add up over time. 

Regular savings

Putting a little money aside on a regular basis is always a good thing, but it can be difficult when you’ve got debts to pay, a mortgage, house deposits to save for and an active social life. However, with the right advice, saving regularly can be more simple than you think, and can easily fit in with your lifestyle. Also, a little “pain” in your youth could mean retiring at an earlier age than anticipated, purchasing your own home sooner or going on that round-the-world trip. With regular savings accounts, the earlier you begin saving, the more time your money has to grow.

View our savings accounts or call us today to arrange an appointment with an independent financial adviser – there’s no charge for your first appointment.

Wren Sterling financial advisers

We think that our selected partners, Wren Sterling Financial Planning Limited are the perfect choice to provide our customers with expert financial advice. They are friendly, forward thinking and will listen to and understand your individual situation before advising. As Independent Financial Advisers, authorised and regulated by the Financial Conduct Authority (FCA), Wren Sterling are able to select the best products to suit your needs from the entire marketplace.

Make an appointment today

Whilst there’s plenty of guidance available, getting the right advice from a qualified adviser is worth its weight in gold. For a no-obligation appointment, phone or pop into your local branch for a chat. Talk to our customer service team about the best approach for you.

Keep in touch

Our monthly newsletter is full of interesting information for our customers. As well as the latest news and events from your Society, it includes information about new products, competitions and money-saving tips.

Make an appointment today

Whilst there’s plenty of guidance available, getting the right advice from a qualified adviser is worth its weight in gold. For a no-obligation appointment, phone or pop into your local branch for a chat. Talk to our customer service team about the best approach for you.

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