Streets Financial Consulting
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Welcome to Streets Financial Consulting, Independent Financial Planners in Lincoln, Cambridge, Hull, Bedford, London, Stevenage, Grantham & Newark. The great joy of financial freedom is having your heart and mind free from worry about life's uncertainties, and our aim is to pave the way for a more secure financial future for you, your family and for businesses of all sizes.

Our understanding of your current financial situation is the keystone to the formulation of a financial plan which will meet your future needs. Many people have goals and dreams, but a goal without a plan is just a wish. So it all starts with listening. We listen to your needs, your hopes your dreams, and we formulate a plan, which enables us to offer you clear, no-jargon advice on the most appropriate financial products for your personal circumstances.

This is the start of our journey together, to prepare the plan to meet your goals, to ensure that you, your family and your assets are protected, and to help you build a brighter, more secure future.
Highlights

read more › As well as private clients, I also work with solicitors and accountants in meeting their obligations as attorneys and trustees. Over the years I have helped hundreds of clients in ensuring their investment portfolios are well diversified and tax efficient. I enjoy dealing with clients and their families and building long term relationships. I have worked for Streets Financial Consulting for over 10 years now and am now primarily responsible for managing our administration team and overseeing the everyday running of our office, client systems and software.

read more › We meet together to discuss your personal circumstances and your current financial situation. We'll go into detail so that we can draw up a complete picture of where you are now, and where you want to arrive. We'll ask about you, your occupation, your savings & investments, your mortgage, your current liabilities and your tax position, and we'll explain how all of this information builds a profile which will help us to formulate our plan. Next we discuss your objectives and your aspirations, as well as any concerns that may arise.

read more › We all have goals, dreams, ambitions for the future, for ourselves and our families, but how do we achieve them?. Professional Financial Planning is the process which aims to help you realise your ambitions - whatever they may be. As professional financial advisers we can help you make informed decisions about your financial future, short, medium and long term. You will almost certainly have plans of one kind or another - buying a home, starting a family, living abroad, perhaps retiring, but such ambitions have financial implications and you can't leave it all to chance.

read more › With a growing number of our clients, especially small and medium sized businesses, trading and doing business internationally, we recognise that for many the nature of dealing with foreign exchange and transactions can be a minefield as well as a costly exercise. To help support our clients navigate the complex and often volatile world of foreign exchange, we have partnered with global payments specialists, moneycorp. Whether you are paying overseas suppliers, managing international payroll, importing or exporting or are looking to handle regular one-off international payments, moneycorp is able to look after your needs.

read more › The least expensive of the Term Assurances, Decreasing Term Assurance does what it says on the label. The level of benefit decreases as the term of the policy runs; the premiums do not however reduce. The premiums are fixed throughout the policy term, and the premium level is lower than that of Level Term Assurance as a result of the decreasing benefit. This type of life assurance is commonly used to protect Capital & Repayment mortgage debt. Typically the policy reduces the protection assuming a Mortgage Interest Rate of 10%.

read more › An often-overlooked type of cover, Family Income Benefit protects a level of income for a fixed term. In the event of death the amount of income chosen at the outset will be paid for the remainder of the term of the plan. Often the term is set to protect you until your youngest child is 18 or 21. This protection is not as expensive as you may think. Depending on your circumstances, indexation might be an option for this type of plan to protect the purchasing power, although the benefit can be level.

read more › A whole of life policy is another policy which does exactly as it says. It covers you for the whole of your life. When the inevitable happens, providing the policy is still in force, it will pay out a death benefit. Although they can provide a surrender value, they should not be used for investment purposes due to the deductions made for the death benefit. As payment of the benefit is inevitable Whole of Life policies tend to be more expensive than Term Assurance policies for the same level of cover (it depends on what age you are when you start the plan).

read more › These policies are investment plans with life insurance attached. They are often linked with mortgages and will pay out any returns at the end of the policy term or a lump sum when the policyholder dies. They are long-term investment plans, typically lasting between 10 and 25 years. They can be used as a tax efficient savings plan to build a lump sum of money for any purpose or they can be used to repay an interest-only mortgage, which is often a requirement of the mortgage provider. In order for the policy to pay out free of all personal taxes a set of HMRC rules need to be adhered to.

read more › With term assurance policies, lower premiums make them an affordable way of helping to protect your family in the event of your death, within the policy term, but there is no guarantee of a payout. Some life insurance policies however, can be effectively used as an investment. Whole life or endowment policies will provide the beneficiaries with a payout after a fixed period or a death. These payments can be a fixed amount, or in some cases linked to an insurance company's investment performance in the form of with profits policies or unit linked policies.

read more › Like Renewable Term Assurance, this type of term assurance contains an option at the end of the term. This time it is to convert it into a whole of life policy without the need for a medical. The option must be exercised before the plan ends. The level of protection cannot be increased upon conversion and, although your health is not taken into consideration at the time of conversion, the terms offered will be based on your age. Option at specified dates to convert your protection-only policy into an investment type insurance policy based on your health at the time you took out the original term insurance.

read more › This type of Term Assurance gives you the option, at the end of the original term, to extend the policy for a further term, without the need for Medical Underwriting. The new premium will be based upon your age at the time you take up the option. This type of cover is initially relatively inexpensive, but the premium will be higher than for ordinary term assurance and could rise substantially at the time of renewal. The premium you then pay is based on your health at the time you took out the original policy, even if your health has subsequently deteriorated.

read more › This type of cover protects you for a given term for a fixed benefit. The amount of life cover chosen at the outset will be paid whether a claim on death is made in the first year of the term or the last year. Quite often a payment would be made on the diagnosis of a terminal illness before the last 18 months of the plan, where you had 12 months or less to live. This type of protection may be suitable for family protection and Interest Only Mortgage debt, where the level of debt on the mortgage does not decrease as the years progress, however, this would depend on individual circumstances and you should seek further advice.

read more › It's when you need to make a claim that you realise just how wise investing in health and medical insurance can be. If you're unable to work because of illness or injury, Income Protection Insurance is designed to provide you with a regular tax-free monthly income. The maximum amount of income you can replace through insurance is broadly the after-tax earnings you have lost, less an adjustment for state benefits you can claim. As with all insurance, it is important that you have the right type of policy which provides all that you need it to do for you.

read more › Directors' or partners' share agreements may provide for the remaining directors to purchase the shares of other shareholding directors should they die. However there is a risk that the remaining directors may not have sufficient funds to hand when a fellow director passes away unexpectedly. To arrange such cover requires the understanding and agreement of all concerned. It will also require some careful calculations to determine how much cover is required. However, it will be a comfort to all directors or partners of a business to know that their own or a colleague's death will leave the other directors with sufficient support to carry out the terms of their shareholders' agreement.

read more › Recruiting, motivating and retaining able staff is a key preoccupation of many businesses. Getting the rewards mix right is an important ingredient in successfully managing such staff. Remuneration menus made up of pensions, life insurance, tax efficient bonuses and benefits are common in well-managed businesses. But they require careful planning and selection depending on the type of business and the type of staff who are involved. What motivates and retains staff at an internet start up business or a bioscience research operation may require a different balance than at a manufacturing business with a substantial production line workforce.

read more › When you retire you still need food and shelter as an absolute minimum, but of course you will want to maintain the lifestyle to which you have become accustomed, so unless you can guarantee a large inheritance or windfall, then you need to provide yourself with a secure income for the rest of your life. A well prepared pension plan which is regularly reviewed should go some way to providing you with a reasonable level of income in your retirement. A pension plan requires action as soon as possible, so start now - and if you have already started, take the opportunity to have a closer look at your existing arrangements to make sure you are on track.

read more › Rather than having to purchase an annuity, pension savers can, if they wish, withdraw as much as they wish from their pension pots. In total, 25% of the pension pot can be taken free of tax; the balance being subject to income tax. Although this change may make annuities less attractive for some, many still prefer the security of knowing they have a guaranteed and secure income for life. An annuity is a contract between an insurance company and a pension scheme member, where the member uses some or all of their pension savings to purchase a regular and guaranteed income for the rest of his or her life or for a predetermined number of years.

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