Other Services
Protection
Have you checked your life assurance, critical illness and health insurance cover recently? Is your cover sufficient to meet your requirements or are you even paying too much.
Let M6 Financial check the details of your existing cover to help establish the right levels of cover to suit your current circumstances. It may even be possible to reduce the costs of your existing life assurance and critical illness policies with more competitive quotes obtained from searching the whole market for the best premiums available.
Retirement Planning
Planning for your retirement may seem a lifetime away when you set out on your career path. It isn’t! It’s never too early to start planning.
We all look forward to the day when we can turn our back on the stress and pressures of work, to do all the things we want to do, to travel, to enjoy life to the full.
But, ask yourself, will you be able to afford this lifestyle? Or will the lack of money simply give you a new set of worries and stress.
Whatever age you are, you can benefit from unbiased financial advice. Pensions have performed badly in recent years – how are they likely to perform in the future? What’s a stake-holder pension? Or an executive pension or a personal pension? Are any of them right for you? Are there any alternatives? Is property the answer?
It’s confusing and there’s no single answer that is right for everyone. You may be planning to work abroad for a while. You may be lucky enough to have inherited a windfall. You may even want to work until you’re 70!
Whether you are in your 20’s, or facing imminent retirement with a pension fund that isn’t as good as you had hoped for, or somewhere in the middle, with a nagging feeling that your retirement isn’t entirely covered, talk to M6 Financial Ltd.
Annuity
If you have reached Retirement age and are confused by all the paperwork and Insurance company jargon. Allow M6 Financial Ltd based in
If you decide to take an annuity, M6 Financial may significantly increase your income by ensuring you purchase your annuity from the company paying the highest amount.
An annuity converts the lump sum from the Open Market Option into a regular income that will last as long as you live. The income is taxable and the amount will depend on the size of your fund, the best annuity rates available, your gender, age and health, and the type of annuity that you opt for.
You are allowed to take up to a quarter of your pension fund as a tax-free lump sum and most convert the remaining pension fund into an annuity before the age of 75.
You may qualify for Enhanced Annuity Rates. Up to 40% of retirees could qualify for enhanced annuity rates, where specialist annuity provider's offer enhanced rates to those who have mild health issues. It could enable you to be paid significantly more each month, and you could qualify if:
You are currently taking regular medication, you have been a smoker for ten years or more, you have been hospitalized for a medical condition. Even your weight or post code could make a difference to the payment.
Let M6 Financial check if you could benefit fron Enhanced Annuity Rates.
Investments
Most people depend on regular savings in a bank, building society or National Savings. There’s nothing wrong with these methods. The interest rates can be predictable and you get exactly what they advertise.
However, if you have a lump sum to invest, the world is your oyster – high risk, low risk, short and long term, tax efficient, specific maturation dates – it’s a minefield.
If you are in this situation, you need expert advice – and this is what you will get at M6 Financial Ltd
First of all, we need to establish very clear objectives and to establish your attitude to risk – don’t forget some investments go down as well as up! Generally, most people go for a ‘balanced’ portfolio, to hedge the risks somewhat.
You may want lump sums at specified dates in the future to cover children’s university expenses. You may want to invest for income. You might want to establish a trust fund. All of these require a different approach.
Come to the experts for a careful, thorough, balanced approach. Come to M6 Financial! (Or, of course, we’re happy to come to you). You’ll find that we’re nice people to do business with!
Inheritance Tax Planning
Inheritance Tax (IHT) used to be something only the rich needed to consider.
However due to rising house prices, it affects an increasing number of people. Ensuring that your family and loved ones benefit from your assets and are not penalised by inheritance tax is a key concern for many people. The Government applies stringent taxes to your estate after you have died, so advance planning is essential if you want your possessions and belongings distributed according to your wishes.
Professional financial advice should be sought when undertaking inheritance planning, due to the specialist and often complex products and solutions used. M6 Financial Ltd can show you how to reduce, or even eliminate the inheritance tax liability so your heirs can benefit instead of the Inland Revenue.
BTL Investments
Investment in Property: M6 Financial will help you build your property portfolio. Capital growth in the value of your properties will enable you to re-mortgage and release additional funds for further purchases. There is no limit to the amount of ‘Buy to Let’ mortgages that you can have. All you need is 25% deposit and a property rental value that qualifies the mortgage.
Equity release
This is a popular means of unlocking the cash in your home and involves taking out a lifetime mortgage.
You borrow a set amount of money against the value of your home in the form of a mortgage. This is normally in the form of one lump sum, although there are now plans available that will allow you to take it out as you need it, which could be advantageous in minimising the amount of interest owed.
Effectively, this is a long-term loan, secured against the value of your property and is paid off when your property is sold.
You and your partner continue to live in your home and have no interest to pay at all during your lifetime. Instead, "compound interest" is added or "rolled up" with the loan. The whole debt is then paid off using the proceeds from the sale of the property when the last survivor dies, or moves into a nursing home.
There are both advantages and disadvantages of this approach to funding your retirement and you need to talk it through with M6 Financial to fully understand all of the implications.
Authorised and regulated by the Financial Services Authority
Please note that the Financial Services Authority does not regulate tax planning and advice.