For many people was a year we’d rather forget. A global setback, stock Exchange turbulence plus an overall impression of uneasiness have left a great deal of people feeling unsure about next year.

Hopefully 2010 will be a happier year. Even So there are measures we can take to improve our .

One thing we can do to get the position into perspective is to review our finances. Whether it is your home finance, outstanding borrowing, investments, your income or spending patterns need to be re-examined regularly.
Carrying out a review will help you to discover where your finances can be improved and where you might make improvements.

It is vital to review your Savings, to check they are suited to the amount of risk you are ready to bear. It is also worth looking at your credit cards such as Amex, Visa, gas & electricity as well as household insurance to see if you could get a more acceptable deal. Even a small improvement could make a massive difference to your regular budget.

Making the most of your annual tax allowances such as Isa’s, CGT allowances and retirement planning are also ways of cutting the level of tax you could pay.
Whilst income and capital gains tax are significant, the result of inheritance tax should likewise be thought about.

Many people own assets over the value of the IHT Nil Rate band. Effective tax advice can be used to reduce the total amount of inheritance tax their beneficiaries might have to pay.

For lots of people, the functions supplied by Financial Advisers assist them to review and put into place changes to their finances.

If you think that you would benefit from independent financial advice please call us on 01454 321511.

Consilium Asset Management