Frequently Asked Questions...
If you’re looking for comprehensive advice, a wealth advisor is definitely worth it. The help they will be able to give you is unparalleled.
You need to bring any investment plan statements, mortgage and debt statements, payslips and tax returns that you have.
The standard is once a year, but it does depend on your situation.
If you’re looking to cash in a defined contribution pension that’s worth over £30,000, you legally have to seek financial advice. However, it’s always good to meet with a financial advisor to get expert advice regardless.
These questions are a good starting point:
- If I claim my pension, will it affect by state benefits?
- What are safeguarded benefits?
- What options can you attach to an annuity?
The short answer is yes. There are many different ways you can do this, so make sure to ask your advisor about what’s best for you.
Advisors will typically charge between 0.5%-5% of the asset in question. Your advisor will always be up front and honest about their fees so there won’t be any nasty surprises later.