Individuals / Families

Financial planning for families and individuals in the UK involves developing strategies to help you achieve your financial goals, while managing risks and helping to provide long-term financial security. Here are some key areas to consider:

1. Budgeting and cash flow: Developing a budget is the foundation of any financial plan. It involves creating a detailed plan of expected income and expenses for the upcoming period and monitoring the cash inflows and outflows. This helps you and your family manage your money efficiently and helps them identify areas where you can reduce expenses. We strongly encourage all family members to save on a monthly basis to help achieve your dreams.
2. Investment planning: Investment planning involves identifying investment goals and objectives, evaluating investment options, and developing a diversified investment portfolio. This includes investments in stocks, bonds, real estate, and other alternative investments that align with the individual’s risk tolerance and investment objectives.
3. Retirement planning: The most common thing we do to help is research and review what pension pots you already have and then creating a cash flow forecast which helps you decide when they can retire and on what monthly income. This includes identifying sources of retirement income, such as pensions and Social Security, and developing a savings plan aiming to provide the individual with sufficient retirement savings.
4. Tax planning: Tax planning involves developing strategies to minimise tax liabilities and maximise after-tax income.
5. Estate planning: Estate planning involves developing a plan to manage assets and distribute wealth after death. This includes creating a will, setting up trusts, and considering tax implications of wealth transfer. 
6. Risk management: Risk management involves identifying and managing risks, such as health risks, disability risks, and death risks, and ensuring that appropriate insurance policies are in place to protect the individual and your family.

The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.

The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief depends on individual circumstances.

Will writing involves the referral to a service that is separate and distinct to those offered by St. James’s Place and along with Trusts are not regulated by the Financial Conduct Authority.