We are a firm that employs the most intelligent financial advisers Middlesbrough has. It is important to have support when you are planning for the future. Luckily, we can help you find solutions to all of your worries. This includes those relating to savings, investments, and even income protection.

At some point, you may find yourself in a position that requires income protection. However, finding the correct policy to suit you can be somewhat tricky. Right now, you are probably wondering what type will offer the cover you need. What we are going to do here is take some of the mystery away from this topic. You can find some useful information below that may help you decide what policy to choose.

Long or short term

In relation to the duration of pay out, there are two primary policies. These are long term and short term income protection. The latter ones usually only pay you income for two years. With some providers though, you can select a payment period of 1 and 5 years.

The term is something you must remain aware of when asking for advice on which type you require. The long term policies normally give you a monthly income. This is until the end of the policy or you are well enough to return to work.

The waiting period

There is another decision you will have to make too; you must choose how long you will want to wait until you start getting income from the policy. This is what we call the deferred period. The policy cost is going to consider this. The waiting time could be as long as 104 weeks or as little as a single day. Opting for a longer deferred period shall minimise the price of the premium.

At Robert Carlton Financial Advisers, we don’t offer our clients generic advice. Instead, we look at their unique circumstances and provide information based on what we find. After all, there is no one size fits all with our line of work.

If you need help from the best financial advisers Middlesbrough has, contact us. We are always happy to speak about different topics, from income protection to pensions and more.

At Robert Carlton we know the importance of getting the most from your money. We are a team of skilful financial advisers Middlesbrough clients can use to improve their finances. The knowledge and skills that we posses mean our work is very valuable for different people.

Expert advice

You might be looking to build your pension, save for a home, or want to invest in the stock market. Regardless, putting financial advice and knowledge into practice allows you to boost your assets.

Having a financial plan means that you can grow your money faster and has a number of other great advantages.

Clear goals

It is vital that you know what you want to achieve from your money. You might want to pay for your child to go to university, retire abroad, or buy a boat. Regardless, meeting with advisers can help you find a plan from your goals to turn your dreams into a reality.

Product knowledge

When you look at solutions for your pension and investments, there can appear to be many. These all have specific rules you need to be aware of. Rather than looking into this yourself, turn to us. We can do the research for you so that you don’t have to spend all your time looking at which investment options are best for you.

Tax efficiency

Working with an adviser will ensure you know that your money is working hard. For example, we can minimise both your future and current tax liability. The tax system in the UK can be very difficult to navigate. Even a small mistake can leave you having to pay hundreds of pounds of tax. However, a financial adviser knows all about this. As a result, your finances will be as tax-efficient as possible.

Regular reviews

Consulting with a professional about your finances means that there will be annual reviews. During these you will look at your finances and progression towards goals. This means that you can adjust your plan if any circumstances change or you are no longer on the right course.

You should not have to worry about your finances and whether they are where you want them to be. Instead, you need a professional who can work with you to provide expert and tailored assistance.

Reach out to us and you will be able to speak to some of the best financial advisers Middlesbrough could ask for. We can arrange a consultation at our office and guide you through the various services we offer.

You can experience problems with your finance at any time in your life. However, they are more common as you get older and your income falls. Our job is to aid people in trouble by supplying the most talented financial advisers Middlesbrough has. Whatever the issue is, our team is always on hand to support you. In addition, we will make certain you get the most out of your money.

People often have questions about pensions because there is so much they don’t know. To help them, we are going to reveal what some of these questions are. We will also provide answers to them.

The defined benefit scheme

The first is whether you should transfer your defined benefit scheme. In the past, most individuals would be better off remaining in their DB scheme. The only time when it would be worth thinking about leaving was if debt was generating huge life pressures. People might consider it in the event of serious illness too.

However, in recent times, there have been a number of highly generous transfer values to leave the schemes. It is hard to ignore them but you will want to be careful and really think about them. After all, a deal may work for one person but not another. Understand your own situation and then decide.

Will my pension get taxed?

Another question is whether there will be tax on any income from a pension. The initial 25% you withdraw from a defined contribution pension is typically tax-free. What is left shall get attached to your income so it will get taxed at your marginal rate.

With sufficient preparation, you can use your tax allowances in an organised way to optimise returns. At the same time, you can lower or even get rid of tax charges.

At Robert Carlton Financial Advisers, we assist lots of people with their pensions. With our guidance, you will be able to live comfortably once you retire. We help you prepare for everything.

If you would like to speak to the best financial advisers Middlesbrough has, please contact us. You can call, email, or even drop into our office.

At Robert Carlton we have a deep understanding of finances. Our experts can help people to achieve their goals. This is why we are the financial advisers Middlesbrough often depends on for their needs.

The thought of retiring when you are 50 or even 40 can sound like a fantasy. After all, the cost of living is increasing and there are other factors like inflation that eat away at your earnings. Despite this, there is a growing movement called FIRE (Financial Independence Retire Early). This involves a method of frugal living which many people are adopting so that they can aim to retire early.

How you can do it

People saving for retirement often find it hard to set limits so that they can experience benefits in the future. This is especially hard when you don’t know if your savings will be enough. However, with a little effort, it is achievable.

Shop around

When you save money on things like transport, bills, and other outgoings, you can grow your retirement pot quickly. It is often incredibly easy to find better deals on things such as energy and your phone. You should also look at subscriptions for things like magazines and streaming services and ask yourself, do you need it?

Utilise saving opportunities

If you hold a Lifetime ISA, you can save up to £4,000 a year and the government will add an annual bonus of 25% up to a maximum of £1,000. While you can’t contribute to a Lifetime ISA or receive the bonus once you turn 50, the account will stay open. This way you can continue to accumulate interest or investment returns.

Keep your spending in-house

Even small savings add up and help grow your retirement pot. In fact it is wise to start out small. Look at things like buying coffee from a shop everyday and eating out for your lunch. Switching to instant coffee in the office and having homemade meals can make a huge difference. Think of it this way, if you stop buying a £2.50 coffee everyday and you work 260 days a year, that is a saving of £650.

Seeking expert support

You need to know what your retirement goals are so that you can plan how much to save and invest. If you want to get serious about your finances, you should call on the financial advisers Middlesbrough clients trust. We can help you determine the best savings plan to allow you to achieve your goals.