Investments and the economy

Top 5 takeaways

If you couldn’t make it to our seminar or simply want a recap of the points made, you’re in luck! Below are the top five takeaways from the presentation.

1. Uncertainty is normal.

It’s often said that we’re living in more uncertain times than ever. But, in reality, uncertainty is normal. Volatility is like weather, and as with the weather, it is our choices that determine whether we make hay whilst the sun shines or end up sunburnt.

2. Don’t hit the target but miss the point.

Investment targets should be centred around achieving the client’s objectives rather than outperforming a benchmark. You should never take more risk than is necessary to achieve your objectives. A good financial plan can provide you with greater clarity around what exactly these objectives are, as well as illustrate where you want to get to and how you’re going to get there.

3. Tax rules are complicated, but tax planning doesn’t have to be.

When it comes to tax, it can sometimes be hard to recognise that the UK has one of the most generous, albeit more complicated, tax regimes in the world. Tax planning needn’t be complex, but it should go beyond the simple aspects and take your wider circumstances into consideration.

4. Don’t fall victim to the inheritance tax sledgehammer.

Poor inheritance tax planning can take a sledgehammer to an otherwise flawless plan. The most effective plans are not just about logic, tax or technical solutions. The best plans also reflect your values and beliefs and take any conflict into account to find the best outcome for everyone involved.

5. More information doesn’t necessarily lead to better decisions.

In an age of information overload, publications and companies are constantly making predictions about markets and how to make the most money. The vast majority of these predictions are wrong, but don’t doubt that when somebody gets it right, they’ll shout about it. Remember, even a broken clock is right twice a day.


If you would like to learn more about inheritance tax planning, get in touch with one of our friendly experts today on 0808 168 0748 or email