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Please fill in your details to arrange a financial review with one of our financial planning or investment experts.
How it works:
- We will call you back to find out more about your aims and requirements
- We will arrange a meeting with one of our team at a convenient time, either over the phone, on video, at your home or workplace, or at one of our offices
- You will be able to ask any questions you have and find out more about managing your wealth with Saltus
- Your review will be at our cost and there is no obligation to work with us afterwards
Who we work with:
- Individuals with £250,000 or more in investable assets. This includes pensions, ISAs, other tax-wrappers and cash available for investment.
Does money buy happiness?
One question we all like to think about: “if I earned more would I be happier?”
It’s a pretty significant question and there has been some considerable scientific research into the matter. Psychologists at Purdue University would suggest that, to a certain extent, there is a correlation between happiness and income levels. They took a sample of 1.7 million people from 164 countries and, using both qualitative and quantitative data, tried to determine the optimum amount of income that makes an individual happy.
What were the results? They concluded that an annual income of £43,000 – £54,000 was the ideal amount for emotional wellbeing and that £68,000 was the level at which people felt they were successful.
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So, a minimum of £43,000 per annum is needed to maintain emotional wellbeing. Yet, the average pension in the UK provides just £5,800 a year to live off.
Of course, many joyous things in life are completely free. I love going for dog walks with my partner and going out for a fresh morning run. Although, even then, our dog certainly isn’t free and neither were the swanky new trainers that arrived for Christmas.
Over and above some of my cheaper hobbies, I also find happiness in things like travelling, my home, going out for nice dinners and to the theatre. Unfortunately, none of these are free and can even be fairly expensive. It’s for this reason, I find it rather baffling that so many people consider pensions, savings and investing a boring subject matter. Taking the time to organise your finances and ensure you save and invest in the future, is ultimately choosing to make sure you and your family can continue to do the things that you love doing.
Money certainly can’t buy you love or friendship, but it probably will make sure you can go travelling with your loved ones or go out for nice dinners with your friends.
Overall, money may not be able to ‘buy’ happiness, but it can impact the things which you are able to do. So next time you’re thinking about whether to finally create that budget, consolidate your pensions or take some advice, it might be time to take action.
Taking care of your finances now may help make your future just a little bit happier.
How much do you need to retire and more…
How much income do you need to be comfortable, how much do you need invested and how to pay less tax...
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Editorial policy
All authors have considerable industry expertise and specific knowledge on any given topic. All pieces are reviewed by an additional qualified financial specialist to ensure objectivity and accuracy to the best of our ability. All reviewer’s qualifications are from leading industry bodies. Where possible we use primary sources to support our work. These can include white papers, government sources and data, original reports and interviews or articles from other industry experts. We also reference research from other reputable financial planning and investment management firms where appropriate.
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Book a reviewSaltus Financial Planning Ltd is authorised and regulated by the Financial Conduct Authority. Information is correct to the best of our understanding as at the date of publication. Nothing within this content is intended as, or can be relied upon, as financial advice. Capital is at risk. You may get back less than you invested. Tax rules may change and the value of tax reliefs depends on your individual circumstances.
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Financial planning
Financial planning can help you reach your goals in life, whether you want to determine when you can retire comfortably, bring organisation to your financial world or pass on your wealth effectively.
Pensions and retirement planning
Deciding when to retire is a challenging decision and can feel like a leap of faith. At Saltus, we gather information on all of your existing assets and then use our technology and expertise to show you exactly how to achieve the retirement you’re after.
Reducing your tax burden
How to structure your wealth and access income should be approached in a sophisticated way. A detailed financial plan may use pensions, ISAs, general investment accounts, offshore bonds and other tax wrappers to ensure you can draw your money in a tax-efficient manner.
Consolidating your wealth
Holding multiple investment accounts and pensions can mean they’re hard to keep track of and administer. We’ll help you overcome this by consolidating your accounts into a single plan so that you can understand your financial position with ease.
Protecting you and your assets
We protect our cars and houses without much thought yet you might be the most valuable asset in your family. Whatever your situation, we can provide advice to ensure you have the right level of insurance in place to keep your finances protected.
Passing on your wealth
Estate planning is more important than just having a Will. We’ll work closely with you to understand how estate planning, which has emotional as well as financial consequences, can impact your overall financial plan.
Significant life events
Significant life events can present great opportunities but also considerable challenges. Whether you are going through a business sale, divorce or are receiving a lump sum, we’ll help build a financial plan to meet your changing lifestyle.
