We have found that the ability to incorporate cashflow forecasting into the advice process has been hugely beneficial for clients planning their financial future.  It is very powerful for clients to see how their financial situation might look in various different scenarios and helps focus the mind and to make informed decisions.  One might say it can bring the options to life a bit and often presentations in the form of images is easier to digest!

The service also works well to support the advice clients may be seeking from legal or accountancy professionals providing estate planning or tax planning advice and we welcome working together to ensure that clients get a good outcome.

The following three articles demonstrates how cashflow forecasting helps:

• Clients looking to make gifts for IHT planning – by Hardy Halls
• Clients approaching retirement and planning their income – by Simon Ashby; and
• Clients keen to ensure that family/dependents are protected in the event of death or serious illness – by Richard Cole

If you are advising clients on estate or tax planning that involves making significant changes to their financial position, it adds value to the service you provide by bringing in an independent, Chartered Financial Planner to support the process.  Cashflow forecasting helps clients to visualise the outcome, provides confidence and reassurance that they are making sound decisions based on sound advice.

Please be in touch if you would like to understand more about our cashflow services.

Contact us on 0330 320 9280, email info@cravenstreetwealth.com or complete our online enquiry form.

The content of this article is for information only and does not constitute formal financial advice. This material is for general information only and does not constitute investment, tax, legal or other forms of advice.

 References to legislation and tax is based on our understanding of United Kingdom law and HM Revenue & Customs practice at the date of publication. These may be subject to change in the future. Tax rates and reliefs may be altered. The value of tax reliefs to the investor depends on their financial circumstances. No guarantees are given regarding the effectiveness of any arrangements entered into on the basis of these comments.

 You should not rely on this information to make, or refrain from making any decisions. Always obtain independent, professional advice for your own particular situation.

Craven Street Financial Planning Limited is authorised and regulated by the Financial Conduct Authority (FCA). The FCA does not regulate tax advice.