GIFP

Our Services

We can advise you on:

ISA / Unit Trusts / OEICs OEICs
Offshore investments Socially responsible investments
Unit trusts

Is investing money worthwhile?

The short answer is yes. Investing can be extremely beneficial. Although cash deposits are good for holding emergency money, the value can fall over time due to inflation. This means your hard-earned money is not quite as secure as you would hope and savings accounts are not necessarily providing the best value for money.

Due to the current inflation rate, many people are reconsidering their need for instant access to cash, and putting more money into assets that are more likely to keep up. This opens up a new set of considerations: how should this money be invested? It can be a complex process, because not only is there an overwhelming array of retail investment opportunities available, there are also a number of challenges presented by the current market.

To help you decide on your investments, we will guide you through a four-stage process for creating an investment strategy.

The value of your investment and any income from it may go down as well as up. You may not get back the original amount you invested. Tax treatment is dependent upon individual circumstances and may be subject to change in the future.
 

Fact Finding & Goal Planning

  • Establish your goals, objectives and timeframes
  • Analyse your assets, liabilities and personal tax situations
  • Establish target income and capital requirements
  • Determine any specific requirements, such as ethical considerations

Attitude to Risk & Asset Allocation

  • Complete risk profiling
  • Assess your capacity for loss
  • Discuss the volatility of different investment assets
  • Source suitable funds or assets to generate the expected or desired return

Tax Wrapper/Product & Fund Research & Monitoring

  • Pension, ISA, OEIC, UT, bonds, EIS, structured product
  • Investment fund selection via an agreed investment mandate

Review Process

  • Continually monitor the investment recommendations against your attitude to risk and capacity for loss
  • Conduct complete evaluations of all of our recommended funds on a regular basis
  • Rebalance assets to fit allocation model to maintain expected return
  • Conduct regular face to face reviews

Book a consultation

Start your journey with GIFP. Call us on 01686 623975 to book your first consultation, free of charge.

Calls from a BT line are charged at your calling plan's standard network rate. Mobile and other providers' charges may vary.

We can advise you on:

Annuity purchase Pensions and retirement planning
Auto enrolment Pensions review
Pension consolidation Pensions transfer
Pension drawdown SIPPS
Pensions and divorce Stakeholder

Pensions schemes explained

In very basic terms, a pension scheme is a kind of long term savings plan, which enables you to put cash by, the idea being that it will see you through retirement. You can secure a regular income for yourself when you cease to work, by putting a bit of your wage into a pension scheme throughout your working life. As you would expect, the earlier you start saving into a pension scheme, the more money you will have to enjoy in the future.

Pension schemes benefit from more favourable tax treatment than other types of saving, and can be a very effective saving method. Pension schemes tend to be available in two forms:

    • Schemes accessible through your employer
    • Private schemes you can set up yourself
You can make use of more than one scheme if you want to. Having a scheme with your employer doesn’t prevent you from setting a further one up yourself, or exploring other saving options, such as ISAs.

At the point when you decide to start making the most of your pension, you will be able to choose from a few different options. We will advise on the best way to access your pension benefits depending on your needs and objectives.

Before you are able to enjoy the fruits of your hard work and careful saving, there is planning to do to make sure you get the most out of your pension. We are here to guide you from when you first start saving, to when you start to consider your options, through to the decision to retire.

The value of your investment and any income from it may go down as well as up. You may not get back the original amount you invested. Tax treatment is dependent upon individual circumstances and may be subject to change in the future.

Starting Out

It is vital, while you are working, that your savings and pension are structured to perform as well as possible for your needs.

There are often questions when you start out saving, and here are a few answers we can help with:

  • How much you should be saving
  • What your tax relief entitlements are
  • Whether you can transfer previous pensions, and how
  • Which complementary investments to consider

Retirement Preparation

When you start to think about retiring, there will be a few things to consider:
  • The point at which you can safely afford to retire
  • The income you can expect to receive after retirement
  • If existing pensions can be combined Whether existing pensions can be combined
We can find all these answers, and help you to prepare for all eventualities, considering the possibility of major market shifts, changes in your health and any other situations that may affect your pension in the future.

Retirement Options

There are many, many options you can take advantage of, and we’ll advise you. You’ll have a thorough understanding and will be able to make informed decisions with confidence.

We will also invest time in assessing any Final Salary pension benefits you have, to make sure that they are the best for you.

Book a consultation

Start your journey with GIFP. Call us on 01686 623975 to book your first consultation, free of charge.

Calls from a BT line are charged at your calling plan's standard network rate. Mobile and other providers' charges may vary.

Understanding pension consolidation

Understanding pension consolidation and deciding on most appropriate action to take can be a complex process, particularly if you’re not sure what benefits to look for. If you have ever asked yourself the following questions, then seeking expert advice from one of our trusted advisers is absolutely the best way to find the answers you need:

  • What is pension consolidation?
  • Do I need to consolidate mine?
A large number of people have multiple pensions, including personal and previous company pensions, which they are no longer paying into. It’s a common misconception that these pensions have been ‘frozen’ and they sometimes get disregarded completely. However in fact these pensions have been preserved, and require consistent reviews.

Consolidating these pension plans can often be the best move to make, and it can help you to benefit from improved charging structures. Even just transferring a pension could net you significant long-term savings overall. However, circumstances are different for everyone, and sometimes transferring isn’t the right course of action because you might lose beneficial features and guarantees that are no longer available.

We treat every pension consolidation case individually, providing tailored advice that will lead to the best long-term outcomes. Through getting to know you and your individual circumstances, we can provide you with expert advice regarding:

  • Whether pension consolidation is the right move for you
  • How to transfer your pensions
  • The key pitfalls to be aware of
  • The effect of pension scheme charges
We aim to help take the complexity out of pension consolidation. Our straightforward and precise advice is accompanied by a personal report, detailing the key benefits and features of every plan you have, and our recommendations for how to proceed.

The value of your investment and any income from it may go down as well as up. You may not get back the original amount you invested. Tax treatment is dependent upon individual circumstances and may be subject to change in the future.

Book a consultation

Start your journey with GIFP. Call us on 01686 623975 to book your first consultation, free of charge.

Calls from a BT line are charged at your calling plan's standard network rate. Mobile and other providers' charges may vary.

Supporting our corporate clients

We develop long lasting relationships with corporate clients and offer truly effective financial planning that has an ongoing impact on business and employees. The three key areas we specialise in are:

Protecting Your Business

As an employer it’s important to consider what would happen if you or any key employees fell ill or even died. With key members of staff unable to work, what would happen to your business?

With the correct business protection in place you can ensure your company’s security, regardless of the situation. There are various protection options available to you, including:

  • Share protection policy
  • Critical illness cover
  • Whole life policy
  • Term assurance
We will provide you with expert advice regarding these protection policies, to help you make an informed decision about which ones to choose for your company.

Employee Benefits

Benefits are always an attractive feature of any employment package. As an employer there is a range of benefits you may wish to offer your staff, including:

  • Private medical insurance
  • Death in service cover
  • Group critical illness cover
Our financial advisers will help you to determine the right options for your company, whether you want to focus on one area only or offer a range of benefits.

Pension Schemes

All UK employers are required to offer workplace pensions to employees aged between 22 and the state pension age earning above a certain amount, and to make pension contributions for their employees.

If you already have a pension scheme set up, then we’ll be able to assess whether it needs any adaptations. If you don’t have one in place, we can recommend a suitable scheme for you to adopt.

We will also provide additional support with pension planning, from investment advice to support for administration staff with implementing the scheme.

The value of your investment and any income from it may go down as well as up. You may not get back the original amount you invested. Tax treatment is dependent upon individual circumstances and may be subject to change in the future.

Book a consultation

Start your journey with GIFP. Call us on 01686 623975 to book your first consultation, free of charge.

Calls from a BT line are charged at your calling plan's standard network rate. Mobile and other providers' charges may vary.

We can advise you on:

Accident and sickness Income protection insurance
Buildings and contents Life insurance
Critical illness Payment protection insurance
Home and leisure Small business

Insurance and protection

Insurance is a serious problem in the UK, with many people choosing to take a risk and leave themselves under-protected. No one likes to contemplate the worst, but we believe that the best move you can make is to prepare for it. This is an important part of planning effectively for your future.

Various factors outwith your control can damage your financial plans, such as illness or unemployment. In the wake of these events it is easy to use up your hard-earned savings, which can hinder your ability to achieve long-term goals, such as buying a house or paying university fees. Sometimes even after returning to work, the result of a forced career break or disability can limit your earning potential. Likewise, if you can no longer afford to make regular contributions towards your pension, the future can become quite uncertain.

We treat protection as the foundation of all aspects of financial planning, as it is likely that everyone will need to utilise various types insurance throughout their lifetime. Broadly speaking, there are four key areas of personal protection to be aware of:

  • Life cover
  • Accident, sickness, and unemployment cover
  • Critical Illness cover
  • Income protection
The common goal of all types of protection plans is to make emergency money available when you need it. Your personal protection needs are likely to be effected by several key factors:

  • Age
  • Financial circumstances
  • Income
  • Children
We understand the importance of protecting yourself and your family. Our trusted advisers will work with you to find the right cover. We will invest time in establishing your specific requirements and budget, recommend the most appropriate protection plans for you based on those things.

Book a consultation

Start your journey with GIFP. Call us on 01686 623975 to book your first consultation, free of charge.

Calls from a BT line are charged at your calling plan's standard network rate. Mobile and other providers' charges may vary.

We can advise you on:

Building your home Bad credit
Buying your first home Flexible mortgages
Buying your next home High loan to value
Next home / remortgaging Right to buy
Buy to let Self employment mortgages
Buying commercial property

Impartial, expert mortgage advice

It’s wonderful to be in a position to buy your first home or take your next step on the housing ladder, but the thrill can be dampened by big decisions and an overwhelming market. Finding the right mortgage for your circumstances can save you money and unnecessary stress further down the line, and we’re here to make life easier for you. Our expert mortgage brokers and specialist financial advisers provide invaluable insight, helping you get the most out of your purchase, and facilitating a smooth move.

Instructing a mortgage broker can have various advantages:

Impartial advice

Brokers work independently, with no commitments to the estate agent or any other party involved in the transaction. Your best interests are their priority.

Product expertise

With borrowing products, a low rate always looks attractive, but it’s not always a failsafe criterion when choosing the product that’s best for you. There are often small differences between mortgage products that aren’t common consumer knowledge, and don’t make the headlines An expert broker can provide you with straightforward advice and show you how to get the very best out of product features to achieve long term savings.

Solid Experience

Experienced brokers deal with many cases, facing different challenges all the time. A broker’s input can keep you informed of legal constraints or loopholes that could cause delays, provide valuable advice about how to handle negotiation, and flag up types of property that are better left alone.

Peace of Mind

All these things combine to bring you peace of mind. You can breathe easy, safe in the knowledge that your broker is employing their experience, skills and industry know-how to help you make the purchase you’re aiming for.

A successful purchase for you is a win for us, too. Rest assured that we have your very best interests at heart.

Your home may be repossessed if you do not keep up repayments on your mortgage. There will be a fee for the mortgage advice. The precise amount will depend upon your circumstances but we estimate that it will be £495.

Book a consultation

Start your journey with GIFP. Call us on 01686 623975 to book your first consultation, free of charge.

Calls from a BT line are charged at your calling plan's standard network rate. Mobile and other providers' charges may vary.

Managing your tax

According to recent research by the IFS, around 30 million UK people pay more tax than they need to. We invest time in using our technical capabilities to help our clients avoid unnecessary taxes.

In order to help reduce your tax burden, our advisers will help you to understand the range of tax-efficient investments and schemes provided by the government, and how to make the most of them. We can also help you to mitigate your tax liability, through collaboration with specialist accountants and tax advisers, providing advice that could help you throughout your working life and beyond.

Not all areas of Tax Planning are regulated by the Financial Conduct Authority. 

The value of your investment and any income from it may go down as well as up. You may not get back the original amount you invested. Tax treatment is dependent upon individual circumstances and may be subject to change in the future.

Book a consultation

Start your journey with GIFP. Call us on 01686 623975 to book your first consultation, free of charge.

Calls from a BT line are charged at your calling plan's standard network rate. Mobile and other providers' charges may vary.

Planning for the future

Thinking about death or what follows for loves ones isn’t everyone’s favourite pass-time, but it’s important to grasp the necessity of planning for the future and putting your affairs in order for when you are no longer around.

Regardless of the size of estate you leave, your plans for how it will be distributed need to be formalised. Without this, the process of losing a loved one and trying to determine what they would have wanted can be extremely painful for the people you leave behind.

Estate planning can be simpler than many imagine. It can ensure your assets go to exactly the people you want. Our process for wills and estate planning involves:

  1. Working with solicitors to guarantee you an accurately drafted will that states the intended distribution of assets upon your death.
  2. Advising you on the appropriate strategies to use for planning all aspects of inheritance.
Not all areas of Estate Planning are regulated by the Financial Conduct Authority.

Inheritance Tax Planning

To begin with, it’s important to understand what the result would be if you chose to do no planning, as some people are more concerned that others about what will happen to their wealth when they are gone. It is also important to leave space for modifying your plans in the event of any situational changes.

Each has advantages and disadvantages. According to your circumstances, we’ll create a tailored plan, usually featuring a combination of approaches. This plan will be built taking into account factors such as:

  • Gifting
  • Insurance
  • Investment
  • Equity Release
Equity Release mortgages are complex products. To understand the features and risks, ask for a personalised illustration.

As with any strategy, each one has their advantages and disadvantages. According to your circumstances, we will create a tailored plan for you, usually combining a number of the above strategies. This plan will be based on your individual circumstances such as:

  • Age
  • Dependents
  • Marital status
  • Health status
  • Financial circumstances
  • Potential for future income

Book a consultation

Start your journey with GIFP. Call us on 01686 623975 to book your first consultation, free of charge.

Calls from a BT line are charged at your calling plan's standard network rate. Mobile and other providers' charges may vary.