Sitting down and brainstorming on your own or with your partner is all very well, but you are unlikely to make the best use of your time unless you are fully aware of the options available to you.
It is therefore advisable to establish your goals and priorities in conjunction with an independent financial adviser (IFA), who can provide expert guidance and who will be fully up to date with new developments.
The financial services marketplace is constantly changing, meaning that some issues that were previously only relevant to retirement planning should now be considered in middle age.
For example, changes to capital gains tax (CGT) rules in 2008 have increased the relative attractiveness of investing for capital gain rather than income, particularly for higher rate taxpayers. Other changes that took effect at the same time have made some offshore investments more tax-efficient for income-seekers.Last Updated
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Setting your goals and priorities
