5 steps to successful investment planning

How to make the most of my money?

Investment planning starts with understanding what your aims are. It is then vital to establish what your attitude towards investment risk is and this is important for sensible investing.  We can help work out a level of risk that is right for you and your money and importantly advise you on a suitable investment approach.

Which arrangement is right for you?

There are many types of savings and investment, each having different structures, tax treatments and implications to you as the investor.  Stocks & Shares ISAs, Cash ISAs, Deposit accounts, Gilts, Insurance Bonds, Endowments, Annuities, Unit Trusts, Investment Trusts, to name a few. We can discuss with you what your aims are and recommend suitable ways to help you achieve them.

What are the right funds to invest in?

With thousands of funds to choose from, it can be an impossible task knowing which is the best solution for you. We can keep your portfolio up to date using our knowledge and experience and advise you on any relevant changes and invest in funds which we think will give you the chance of maximising your returns.

What is our approach to investing?

The key driver for selecting an investment solution is based on preferences which we believe create value for our clients:

  • Independence – we have access to the world’s best investment managers and fund houses.
  • Importance of cost – we aim to provide compelling investment solutions at low cost.
  • Diversification – is the “only free lunch to investing” and is key to a more enjoyable investment journey
  • Asset Allocation – we don’t put all our client’s money in one basket

Arrange an Investment Planning Review

Here at TKV Financial Management we can review your existing funds and lower the charges where possible. This could save you money each and every year.

Spending Review Statement 2020

Spending Review

This week’s Spending Review statement made by the Chancellor confirmed some key points on infrastructure and budgetary matters and leaves us with a strong feeling that the Budget next March is likely to be one of the most significant for many years.

Whilst the Chancellor focused on affirming the importance of supporting the health and livelihoods of the country at the present time, he also emphasised that the government needs to put in place a sustainable fiscal policy for restoring stability to public finances. This will inevitably involve a review of taxation and, as we know, there have been recent recommendations made to the government by the Office of Tax Simplification in relation to capital gains tax.

A summary of the measures announced in the Spending Review statement is show below.

  • An infrastructure bank headquartered in the North of England will be established as part of a National Infrastructure Strategy, to work with the private sector to finance major new investment projects across the UK. The bank is expected to be up and running by the Spring.
  • Local areas will be able to bid for funding from a new Levelling Up Fund with up to £4 billion of resources available. The Fund will invest in local infrastructure that has a visible impact on people and their communities and will support economic recovery.
  • Extra £38 billion of public services support in 2020/21, taking the total spending on the Covid-19 crisis this fiscal year to over £280 billion. In the next financial year there will be another £55billion Covid-19 expenditure.
  • Public sector pay freeze next year, apart from NHS workers and those earning below £24,000 a year.
  • National Living Wage (NLW) will increase in April by 19p (2.2%) to £8.91 an hour and the eligibility age will reduce to 23 (from 25). National Minimum Wage rates will also rise.
  • Overseas aid – spending will reduce from 0.7% of GDP to 0.5% – a cut of approximately £4 billion in 2021/22, to be restored when the financial situation allows.
  • From 2030, the Consumer Prices Index (CPI) including owner occupiers’ housing costs (CPIH) will effectively replace RPI. This will impact on index-linked gilts and pension increases, as CPIH is generally lower than RPI (for example 0.9% against 1.3% at October 2020).