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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.
Personal injury awards usually come about in an already challenging and difficult time. As well as you and your family going through a life-changing event, and potentially being dragged through endless court proceedings, you now might find yourself with complicated financial decisions to make. Here are my top five things to consider if you’ve found yourself in this position.
1. Get a professional adviser involved
Do remember that any award may need to last a lifetime. The money needs to be managed effectively and the capital protected – sourcing professional help is a must. The importance of this is exacerbated if you are a deputy acting on behalf of a beneficiary. Ultimately, you have a significant amount of responsibility on your shoulders that you should be offloading to qualified individuals.
With this in mind, it’s important to find an adviser you can trust, who doesn’t lean on jargon and has experience in personal injury settlements. This is likely going to be the first time you’ve dealt with this level of wealth, so you want to be working with someone you can rely on. It’s going to be a long journey so surround yourself with the right team.
Meet your financial needs and objectives…Speak to an expert
2. Have a team involved in the process early on
The most effective personal injury awards are usually the ones where a solicitor has been working together with a financial adviser from the outset. There are a fair few things to consider that could impact the level of award you might receive
- Is there a significant loss of earnings?
- Will this result in a large reduction to the beneficiary’s future pension?
- How much capital and growth is required to make changes to the home and provide for ongoing care?
There are a few moving parts and it’s easy to trip up. Fail to assess the above correctly and it could mean there’s an under settlement of your claim.
3. Find an adviser with experience in detailed cashflow modelling
Understanding how all these numbers fit together can be quite confusing. Cashflow modelling can help you to visualise what’s needed and support any difficult decisions you might have to make.
4. Find an adviser who can assist with BOTH financial planning and investment management
There are a number of tax considerations, which means a financial planner is vital but the money will also need to be invested to a high standard. It’s going to make your life a great deal easier if you have one point of contact that can meet all of your needs.
5. Involve your friends and wider family
Remember, this can be an overwhelming process and there is no reason to struggle in silence. As well as a great professional team, it’s important to make the most of your personal team too.
So if you, or someone you know, has had a life-changing event and you’re struggling to get on top of things, work your way through my five top areas and I promise things will become easier for you.
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.
Saltus 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.
Find out more about our award-winning wealth management services…
Financial Advisory Firm of the Year
Client Relationships Award
Financial Services, Banking and Insurance Firm of the Year
Investment Performance Cautious Portfolios
Best Medium Firm
Investment Performance: Cautious Portfolios
Investment Performance: Balanced Portfolios
Financial Planning Firm of the Year: Small to Medium Firm
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.