Changes in your life? Dealing with the financial implications

8th July 2019

Changes in your personal life can have a major impact on your financial situation.

This can trigger the need for a review of your personal and business tax planning for the short and long term.

Such changes can include:

  • Marriage
  • Separation
  • Divorce
  • Redundancy
  • Setting up in business
  • Children
  • A parent dying
  • Inheriting from a deceased family member
  • Promotion
  • Retirement
  • Funding long term care
  • Purchasing a second property
  • Letting out a property
  • Moving abroad

Key resulting issues to consider and review will include changes to your personal and business tax liabilities.

Bishop Fleming provide wealth management advice to individuals, offering a personal and bespoke approach, having listened to your concerns and what you would like to achieve.

Your particular circumstances will always be considered in any planning.

As well as any possible tax savings that may result, account will be taken of health, age, marital status, children, and whether you intend to remain in the UK.

If any changes have taken place in your personal life, we would be very happy to sit down with you and talk through the impact on your financial situation and how we can help.

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