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Financial Planning

How do I ensure I achieve
all my personal objectives?

Most people are struggling to keep on top of their personal financial affairs due to the pressures of modern day life.

Inevitably shortcomings in the personal financial planning occur often with very serious consequences.

IDFM (City) Ltd aims to alleviate this problem by employing our ‘Personal Financial Planning Programme’.

The ‘Personal Financial Planning Programme’ aims to assist you to achieve your objectives.

The value of pensions and investments can fall as well as rise. You may get back less than you invested.

The Financial Conduct Authority does not regulate on Estate Planning.

The content of the external sites available by following links within the various dropdown sections available within this page of the site is not the responsibility of IDFM (City) Ltd or Intrinsic Financial Services.

How do I protect myself and my family
against the unforeseen?

Retirement Planning Programme

Retirement Planning aims to ensure that you have enough money to sustain or improve your lifestyle at a time of your choosing.

  • IDFM (City) Ltd take an innovative, unique and holistic approach to ‘Retirement Planning’.
  • Using interactive ‘Lifetime Cashflow Modeling’ software we can clearly illustrate how your ‘Retirement Planning’ works.
  • Using ‘what if’ scenarios we can model other possible outcomes.
  • We build lifetime relationships with our clients.
  • We are committed to delivering impartial ‘Retirement Planning’ advice by operating a transparent fee-based charging structure.

Typical solutions include the following:

We believe our approach to ‘Retirement Planning’ could be of immense benefit for you and your family so please contact us to arrange a Discovery Meeting with a financial planner.

Options at Retirement

‘Equity Release’ includes home reversion plans and lifetime mortgages. To understand the features and risks, ask for a personalised illustration. For Equity release we act as introducers only.

For Drawdown and other alternative retirement options we act as introducers only.

Options at retirement aims to ensure that you have enough money to sustain or improve your lifestyle at retirement.

  • IDFM (City) Ltd take an innovative, unique and holistic approach to ‘Options at Retirement’.
  • Using interactive ‘Lifetime Cashflow Modeling’ software we can clearly illustrate how your ‘Retirement Planning’ works.
  • Using ‘what if’ scenarios we can model other possible outcomes.
  • We build lifetime relationships with our clients.

We are committed to delivering impartial ‘Retirement Planning’ advice by operating a transparent fee-based charging structure.

Typical solutions include the following:

We believe our approach to ‘Retirement Planning’ could be of immense benefit for you and your family so please contact us to arrange a Discovery Meeting with a financial planner.

Protection Programme

The following aspects of your protection strategy will be covered:

  • Review of current personal arrangements and shortfall analysis
  • Employer benefits analysis
  • Identify shortfalls in current arrangements
  • Recommend solutions to meet shortfalls

Life cover

Life CoverLevel TermDecreasing
Term
Family Income BenefitWhole of Life
Insuring the basics
Is it designed to cover a mortgage?Interest only mortgageRepayment mortgage
What is the maximum age you can hold a plan to?Normally 70Normally 70Normally 70No limit. The plan ends when you die
Is it designed to provide a lump sum for loved ones?No Pays an income till the end of the plan
Is it designed to provide an income for loved ones?
Does the amount of cover stay the same during the plan?It decreases over the term of the plan broadly in line with your mortgageUnless you choose to increase it at outsetUnless you choose to increase it at outset
Can you increase the amount of cover during the plan?Under some circumstances
Is the cover for a fixed term?You decide the term of coverYou decide the term of coverYou decide the term of coverCover lasts for the rest of your life
Does the plan have a cash-in value?There may be a cash in value under certain circumstances

Critical illness cover

Do I really need Critical Illness Cover?

What if it did happen to you? Imagine if you were critically ill and unable to work for a long time…… could you manage financially?

If you have critical illness cover, it means that the policy could provide a cash sum to help you and your family financially if you were be diagnosed with one of the specified critical illnesses.

Why do you need critical illness cover?

  • Critical illnesses are more common than people tend to believe and can affect anyone at any time. A number of critical illnesses are being diagnosed at a younger age.
  • There are around 103,000 heart attacks in the UK each year. It is estimated there are 900,000 men and more than 400,000 women living in the UK who have had a heart attack. More than 750,000 of these are under the age of 75.1
  • The most common cancer in men in the UK is prostate cancer with an incidence rate of 105 per 100,000 males.2
  • The most common cancer in women in the UK is breast cancer with an incidence rate of 125 per 100,000 females.3

1  Source: British Heart Foundation March 2014
2  Source: Cancer Research UK March 2014
3  Source: Cancer Research UK March 2014

Income protection

Income protection may be more important than you think. With income protection in place, you’ll have peace of mind knowing that we can help you cope financially if you can’t work due to illness or accidental injury. Mortgage payments and household bills … your family will be grateful if income protection is in place to help take care of these costs.

You may not think income protection is for you, but to find out – why not ask yourself a couple of simple questions?

Do I really need Income Protection?

Your outgoings will not stop just because your income does. If you were sick or accidentally injured tomorrow, and couldn’t work, how would you cope with the bills that arrive next week?

Income Protection helps you protect your financial commitments, and the monthly payments are tax-free under current tax rules.

Why should I protect against something that may not happen?

It’s important to plan for the unexpected. Imagine being involved in an accident, or suffering a long period of illness that prevents you going to work. According to the Department of Work and Pensions, the number of working age claimants of Employment and Support Allowance and incapacity benefits totaled 2.44 million in August 2013 – your need for income protection may be greater than you think.1

With a mortgage or rent to pay, monthly outgoings (such as loans or credit cards), and family responsibilities like childcare … income protection can help give you the peace of mind that you still have money to help pay for these things, even if you can’t work through illness or accidental injury.

1 Source: DWP Quarterly Statistical Summary, 19/02/2014.

What does Income Protection Cover

An Income Protection plan covers you for illness and accidental injury. Right now, this may seem like a remote possibility, particularly if you’re young and relatively healthy. But consider a simple fact, related to a ‘common’ problem:

  • The Chartered Institute for Professional Development’s 2009 survey showed that, after common colds, stress and musculoskeletal conditions (neck strains and back pain) were the biggest causes of long term absence from work.2

2 Source: CIPD Absence Survey Report 2009.

Please contact IDFM (City) Ltd on 0845 2706160 for further information on ‘income protection’ or email peter@idfmcity.com.

Private medical insurance

Private Medical Insurance may be more important than you think. Private health insurance gives you the reassurance of knowing that, should the need arise; you and your family will get prompt access to private medical treatment.

You may not think income protection is for you, but to find out – why not ask yourself a couple of simple questions?

Do I really need Income Protection?

Buying private health insurance (also known as private medical insurance) is a way of getting prompt access to treatment and more choice.

According to the Association of British Insurers, some 7,335,000 people had some form of private health cover in April 2008. The main benefits are:

  • Prompt access to treatment.
  • A wide choice of hospitals and specialists to suit your needs.
  • Plans to suit your circumstances.

Why should I protect against something that may not happen?

It’s important to plan for the unexpected. Imagine being involved in an accident, or suffering a long period of illness that prevents you going to work. Private Medical Insurance can provide prompt access to private medical treatment.

Please contact IDFM (City) Ltd on 0845 2706160 for further information on ‘private medical insurannce’ or email peter@idfmcity.com.

Investment Portfolio Programme

The Portfolio Construction Service

  • Using a scientific risk profiling methodology
  • Design of suitable asset allocation
  • Portfolio design and construction

The Portfolio Advice Service

  • Online access to portfolio valuations (if applicable)
  • Portfolio monitoring
  • Re-weighting of asset allocation to benchmark
  • Written portfolio valuations on request

Inheritance Tax & Estate Planning Programme

How do I ensure my family benefits from my estate
and not the taxman?

In some cases people leave more money to the taxman then their own children receive.

Our ‘Inheritance Tax & Estate Planning Programme’ covers the following:

  • Detailed review of your overall financial situation taking into account personal tax position and how this affects for example the overall investment return that may be achieved.
  • Assessment of inheritance tax liability.
  • Comprehensive financial planning.
  • Investment portfolio management.
  • Strategies to mitigate inheritance tax liability.

The Professionals Service Programme

  • Providing strategic updates to your other ‘Professional Advisers’
  • Supplying end of year taxation information (as required)
  • Recommending suitable Professionals as other needs arise

Calculators

Please contact IDFM on 0845 2706160 for further information
or email peter@idfmcity.com
Life Planning
Financial Planning
Tax Planning
Wealth Management
Client Review Service
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