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Lockdown Diaries – Further easing of lockdown

8th August 2020


The start of the summer holiday season has seen a further easing of lockdown and attempts by the Chancellor Rishi Sunak to boost the leisure sector with the “eat out to help out” initiative. The government is also encouraging workers to get back on public transport and return to the office to increase footfall in cafes, restaurants and bars. However, there is a good deal of evidence to suggest that many will continue working from home, at least until schools reopen in September. We will continue to work from home for the time being but have the position under constant review.Last month I introduced the “Advice Tree” to you and promised to follow up with more details of the work we undertake for you in both the Goals and Money branches. This time, it’s the Goals branch

Goals Tree

Financial Goals – In Alice in Wonderland, when Alice asks the Cheshire Cat “Would you tell me, please which way I ought to go from here?” the Cat replies, “That depends a good deal on where you want to go”. It is the same for us – the first stage in achieving your financial goals is to have clarity of what they are. This is a key area of our expertise, and we can help discuss, and agree a detailed and realistic plan for your financial future.

Estate planning – managing the transition of wealth from one generation to the next is a complex area. We have many years’ experience in this area and work closely with other professionals. We can help simplify the issues, meet your objectives and provide the long-term certainty you seek.

Intergenerational and charity planning – student debt and rising house prices have placed huge pressures on the next generation. It is little surprise that parents and grandparents want to help. But what are the most effective and secure routes? How do you gift capital but retain family control? What are the tax implications of gifts or house purchase? We can help with all these questions.

Insurance and trust planning – using trusts, wills, and other strategies we can make sure your money ends up in the hands of the people you want when you want. Poor planning can see up to 40% of your hard-earned savings paid over to HMRC!

Cashflow modelling – most people find it difficult to project investment returns, costs, inflation and income needs into the future - we use powerful tools that will illustrate this for you. Seeing a picture of your future can really put into perspective how your plans are progressing.

Liaising with your accountant/solicitor – our experience of working with accountancy and solicitors’ practices gives a great knowledge of tax and legal matters. Having clear and joined up plans is more effective and helps to provide great peace of mind.

Next time I will cover the Money branch. Until then, I hope that you and your family continue to stay safe.

Peter Hill

Peter Hill


Pilgrim Financial Planning Ltd is authorised and regulated by the Financial Conduct Authority. Financial Services Register No: 539738 http://www.fca.org.uk/register.

Pilgrim Financial Planning Ltd Registered Address: Thyer House, Wells, BA5 2RR. Registered in England & Wales, No. 7450215.

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