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Is It Time To Review Your Investments & Savings?

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If you have investments and savings it is important you review them on a regular basis to ensure they are performing well and to decide whether it could be beneficial to make changes to your investment and savings strategies. Reviewing your investments and savings could highlight better rates, lower charges and greater potential for returns from options which have recently come onto the market.

As with all financial planning, regular reviews will help make sure you are making the most of the opportunities available to you, can help you limit the risk of losing money and could help you reduce your tax liability.

Regular reviews of your investments and savings will help you track their performance and could help you reach your goals sooner than planned or with a greater degree of certainty. If you are thinking about reviewing your investments and savings it is good practice to seek independent financial advice from a financial adviser, such as Castlegate in Lincolnshire. Our team of expert financial advisers will work in partnership with you to review your investments and savings plans and ensure you have the best strategies in place.

When and how should you review your investments and savings?

It is good practice to review your investments and savings when there are changes in your personal circumstances and at least annually so you can take advantage of new deals, market developments and better rates as they become available. It is recommended to review your investments and savings;

  • at an annual review that allows enough time to plan for the use of your various tax and investment allowances to get their full benefit.
  • when fixed term products are ending. Ideally, you should schedule a review of these products at least a month before their end date.
  • when things change – such as a change in your circumstances, i.e. a windfall or loss of income or when there are economic changes i.e. sharp change in interest rates or stock markets.

Working with a financial adviser, such as Castlegate in Lincolnshire, will ensure you are making informed decisions and have effective investment and savings strategies in place to protect the financial security of you and your family, sourced and carefully selected from the whole of the market from an independent financial adviser.

Each time you review your investments and savings with your financial adviser, they will work with you to determine and review your current financial position, making sure you are on course to achieve your financial aspirations. This will include reviewing whether there have been any changes in your circumstances, taking account of changes to taxation, legislation and market developments and enabling you to see a clear picture of your current finances and future financial security. This will ensure you make the right decisions at the right time and ensure your money is working as hard as it can.

Following a review of your financial position, it is important to check the performance of your current investments and savings plans, to check their progress and determine whether there are any refinements to be made. This could be to react to economic changes, changes in your circumstances, changes in tax rules or to take advantage of better deals and rates that have become available.

Looking for a financial adviser in Lincolnshire?

If you would like to conduct a thorough review of your investments and savings, our financial advisers at Castlegate in Lincolnshire can advise you on all aspects of financial planning and reviewing. Our advice is tailored to you, your circumstances and your financial goals.

At Castlegate, we are an independent financial adviser providing advice in Lincolnshire and across the East Midlands. As an experienced independent financial adviser in Lincolnshire we provide financial advice that is tailored to your unique personal circumstances and financial goals.

If you have questions about reviewing your investments and savings or are looking for an independent financial adviser in Lincolnshire or across the East Midlands, please do not hesitate to get in touch to talk about the most appropriate solutions for your personal circumstances and financial objectives.

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