For Individuals
Investing in Your Future
We understand that you have worked hard for your money so it is important that your money
works hard for you.
Everyone has different reasons for saving or investing; early retirement, a trip of a lifetime, a new home, a new car, a wedding or even a holiday home. Whatever your goal it is likely there will be an associated future expense to account for. Based on your current financial arrangements and income sources, we look at the best way for you to meet your goals.
If you need to find a place where your money has the potential to grow, at a rate with which you are comfortable, our aim is to help you to obtain that return in an environment that suits your objectives and attitude to risk.
Protecting You and Your Family
Most of us don't like to think about how we would cope if we were to be diagnosed with a critical illness, be ill and unable to work, or how our loved ones would manage if we were to die unexpectedly.
A little forward planning now could provide you with a regular income or cash lump sum so that financial worries are the last thing on your mind if you fell ill or lost your job. Having the correct level of life assurance also gives you the peace of mind that you have made provision for any dependents as a result of your untimely death.
We have the expertise and sensitivity to help you select the right level of protection for you and your family.
Buying Your Home
There is a vast array of different mortgage products to choose from, whether it is your first home or you are looking for a better rate or even somewhere you want to let out.
Here at Cailean, there are the facilities to research the whole market for the most competitive and suitable mortgage or re-mortgage to meet your needs.
As a mortgage is secured against your home, it could be repossessed if you do not keep up the mortgage repayments.
To find out more about how we can help you with your mortgage needs and protection of your mortgage, please follow this link to our
Cailean Mortgages website.
Saving for Your Retirement
They say 70 is the new 50, as many people live and remain fit and active for years longer than their grandparents. This means the need for a realistic income in retirement is even greater nowadays.
Some questions to ask yourself:
- How long you want to continue working for?
- Do you see yourself retiring completely or phasing work out gradually?
- What would you like to do when you stop working so hard?
- What do you already have in place to help meet your goals?
We can explain the different options available to you and how to make the most of your money
when you retire and are able to do this because of our expert knowledge in the investment and pensions market.
Cashflow Modelling
We use a specialist tool to help build personalised models that let you visualise your lifetime financial future that takes into account your income/s, expenditures, financial aspirations (such as a holiday of a lifetime, a new car every few years, a holiday home, helping children or grandchildren with a deposit on a property or a wedding), the financial plans you have in place, planned changes, etc.
As an example, Cashflow Modelling can be especially useful if you are wondering whether you can afford to retire and what this looks like. We are also able to show you the impact of small changes to the model, such as a change in the rate of inflation or the expected returns of your fund/s, along with bigger ‘one off events’, such as mirroring a previous stock market crash, to show you how something like this would impact on the model.
Like a flight plan that needs constant adjustment to take into account the changing weather conditions, your Cashflow Model needs to be adjusted each year to take into account any financial turbulence and changes in direction.
As an example, Cashflow Modelling can be especially useful if you are wondering whether you can afford to retire and what this looks like. We are also able to show you the impact of small changes to the model, such as a change in the rate of inflation or the expected returns of your fund/s, along with bigger ‘one off events’, such as mirroring a previous stock market crash, to show you how something like this would impact on the model.
Like a flight plan that needs constant adjustment to take into account the changing weather conditions, your Cashflow Model needs to be adjusted each year to take into account any financial turbulence and changes in direction.
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Creating an Income for Your Retirement
It’s important to firstly take time to clearly define your goals and the lifestyle you want – really think what you want from your retirement. Are there any big goals or dreams you would like to achieve? Have you always dreamt of a holiday of a lifetime now you are no longer working, or working less? Have you always dreamt of a holiday home? Have you always wanted to help your children or grandchildren out financially?
Products are just tools to help you reach your goals and objectives and to help facilitate the lifestyle you want. It’s important for us to understand what you are likely to need and when, along with any expected changes to your circumstances. We take the time to look at everything you have in place that can help achieve your goals and objectives, so that we can recommend how these can be met, such as using your savings, investments, pensions, or a combination of these, for example.
It is often the case that all your retirement goals and objectives are not fully met by guaranteed income sources, or there may be periods where some benefits you are entitled to have not come into payment yet, such as the State Pension. If this is the case, we have specialist tools we can use to help you visualise your lifetime financial future based on what you have and what you are looking to achieve. This is called Cashflow Modelling and there is a separate section about this.
If you have an existing pension scheme, your pension provider will write to you as you approach your normal retirement date under the scheme letting you know what your options are. Accepting the first offer may mean that you miss out. There are a lot more options available since Pensions Freedom came into force in April 2015.
If you are aged 55 years or over and own your home there may be the option to consider releasing money from your property, in order to provide additional income for your retirement without having to move home.
Providing for Your Children and Grandchildren
Many parents and increasing numbers of grandparents are worried about their children and grandchildren being able to start their adult life without the burden of debt often associated with continuing their education.They also worry about how their children or grandchildren will manage to buy their first home.
We can guide you through the most appropriate ways of saving to help future generations of your family get the best start to their financial life.
Maximise Your Allowances Through Planning and Trusts
Benjamin Franklin was right when he said "The only two certainties in life are death and taxes" and when it comes to Inheritance Tax the two subjects collide.
Why should the taxman take some of your assets when you die, especially as you have already paid income tax on the money earned and capital gains tax on any profits?
There are ways to reduce the amount of Inheritance Tax you have to pay and we can show you how, through careful planning, you might keep this to a minimum. Not all Inheritance Tax (IHT) planning solutions are regulated by the Financial Conduct Authority (FCA).
More Questions?
0131 510 1971 (Edinburgh) or 01383 630 003 (Fife).
Your Data
The General Data Protection Regulation (GDPR) came into law in the UK on May 25th, 2018. It replaces the 1998 Data Protection Act and introduces new rules on privacy notices, as well as processing and safeguarding personal data.
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