Tax Tip #14 HAVE A FULL FINANCIAL REVIEW

Mar 24, 2016 | Tony Byrne's View

As you are approaching the end of this article, you obviously take your finances seriously! Why stop with end of year planning? Now is the perfect time to carry out a full financial review. A few examples of areas to consider include:

 

  • ticked-off-1166601_960_720Performance – Make sure all your investments and pensions are still invested in good performing assets. A star performing fund yesterday, may be a failure tomorrow.
  • Risk – Make sure the risk profile of your portfolio is still suitable for you.
  • Charges – Make sure you are not paying higher charges than you need to. Recent investment and pension plans are often much cheaper than old plans.
  • Changing Needs – Make sure your financial plan has changed in line with your life – Family, Work, Objectives, these are just a few things that can change your financial requirements.

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