Lifetime Financial Planning
There are enormous benefits to be gained from carrying out a comprehensive review of your finances and yet this is something that many people put off.
Murray Beith Murray is uniquely placed to provide an independent overview of your investment and financial needs. In addition, we have developed a range of services to remove the task of co-ordinating several different advisers on investments, insurance and other financial services, which can be both time consuming and expensive.
We can offer advice on a wide range of financial planning issues, including life assurance and pensions. Principally, life assurance is designed to protect your dependants In the Event of Death, so that they can cope financially. Life assurance can also be employed as a tax efficient way of providing for school fees or for meeting a potential Inheritance Tax liability.
Arranging pension provision, if you are not in a scheme arranged by your employer, is very important, particularly as the State Pension arrangements are unlikely to provide an adequate income on retirement. We can advise you on building up a pension fund during your lifetime and maximising the benefits available from the fund on retirement. This involves consideration of occupational pension benefits, private pension provision and state pension provision. Along with your pension, we can advise you on a wide range of issues that should be considered when Planning for Retirement.
A further important area of financial planning is making provision for long-term care. It is increasingly important to plan for the cost of long-term care and we can advise on the potential costs, whilst taking account of any assistance that may be available from the state.
To find our more about Lifetime Financial Planning, please contact Ruthven Gemmell or Kenneth Hepburn on 0131 225 1200.