Your continued journey towards financial security

Financial planning doesn’t just stop once you’ve retired. It’s important to stay on top of your finances to help you achieve your long-term ambitions. 

Knowing that your money is in a good place, and that you’ve laid down plans to prepare for whatever life throws at you, can be a great feeling. A real weight off your shoulders.

Financial security means having the finances to cover emergencies and to know you’ve got plans in place for any future goals you might have.

Mark Butterworth, Skipton’s head of financial advice planning and research explains, “When you are financially secure, your stress levels go down, leaving you free to focus on the truly important things in life.”

You will need a budget – even more so in retirement 

Feeling financially secure first requires that you know what your assets and liabilities are, as well as how your income compares to your expenses. You should have sufficient income to cover your outgoings and by creating a budget, it can help you see things with clarity.

Developing a budget that addresses both your current needs and your long-term goals is essential. It could boost your disposable income, as you may discover that you can cut back on certain things or change your financial approach.

Outlining areas you could consider for improvement, could help bring balance to your financial life. Setting you on the road towards achieving financial security.

Preparing for the unexpected

The pandemic took us all by surprise last year, and it really did highlight that the unexpected can happen at any time. Of course, being ready for these types of eventualities is extremely difficult. But being prepared when times are tough is something most of us can achieve if we put in the ground work.

Having an emergency fund can help you deal with surprises without you needing to dip into your everyday income. Emergency funds are a vital part of any healthy personal finance plan and can be a great way to feel more financially secure.

Protecting what you have

No one likes to think about the worst case scenario, but the truth is none of us know what’s around the corner. That’s why it can be useful to have protection in place.

Thinking about what to do if you experienced a change in situation is sensible. Perhaps considering how loved ones could be financially supported if you were no longer around.

There’s a wide range of income protection, critical illness, life insurance and legacy products available to help. These are designed to provide support if your circumstances were to alter or if something unfortunate were to happen.

Expert financial advice could help

Research for the Financial Conduct Authority (FCA) have recently stated that 15.6 million UK adults might need support.* They went on to explain that only 50% of these people have received support in last 12 months though.

At Skipton Building Society we offer personalised financial advice to help you consider your options.

Our nationwide team of advisers could help you review your current arrangements to see if you’re likely to achieve financial security in retirement. This allows them to present recommendations tailored to your circumstances – with no pressure to act.

How Skipton can help

Best of all, you don’t even need to leave the house to plan your future with an expert. We offer appointments over the phone – or via our award-winning and easy-to-use video chat service, Skipton Link.

Dr Alison Keidan and Dr Simon Cooper had their first Skipton Link video appointment last year.

“It’s so easy to schedule a Skipton Link meeting. And the video technology is such that you can exchange documents securely and see each other on screen. Meeting by video is much more convenient from our point of view.”

To see if you could benefit from financial advice from Skipton going forward, please call 0345 607 9809 or find out more here

  • It all starts with a free telephone consultation on whether financial advice might be right for you.
  • The next step would be to arrange a review with one of our advisers – who can meet you at your local Skipton branch, or through our Skipton Link video service.
  • We will research and present recommendations personalised to your needs.
  • There is no pressure to act on our advice – or an upfront fee to pay to hear them. You’ll only be charged if you decide to act on our recommendations and these will be made clear to you
  • Take as long as you need to decide what to do next.

Important information

Stock market-based investments put your capital at risk, and you may get back less than you invested. The value of your investments and any income from them may fall as well as rise. Protection plans usually have no cash in value and if you stop paying premiums, cover ceases.

Source *
Silversurfers is an Introducer Appointed Representative of Skipton Building Society, which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority, under registration number 153706 to provide Restricted financial advice. The Financial Conduct Authority does not regulate most forms of inheritance tax planning. Should you take advice from Skipton Building Society, Silversurfers will receive a fee for the introduction. To help maintain service and quality, some calls may be recorded and monitored. Calls are free from both landlines and mobiles.
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