All of us are exposed to a certain amount of financial risk. For instance, how would you and your family pay the bills if you were unable to work for any length of time, or worse still, if you were to die?
What about your savings? Is their value being eroded by inflation, maybe because you are very cautious about investing?
No single solution You need to look at your income and savings and work out the risks to which you are exposed and how you could reduce them. For instance could you make better use of the various allowances, etc available to you? Could your savings be more tax-efficient? How can you protect the family’s income? Why not talk to one of our professional financial advisers? They can help you optimise your finances and secure peace of mind for you and your family.
Tax advice which contains no investment element is not regulated by the Financial Conduct Authority. The value of your investments can go down as well as up, so you could get back less than you invested.