With the planned changes to state pension benefits, meaning that most of us will not receive our state pensions until later in life, it is now more important than ever that you plan for your retirement.

We can help you tailor your own individual retirement plan, which can be flexible enough for you to adapt to your changing circumstances throughout your working life.

Although retirement may seem a long way off, planning early can significantly increase how comfortable your retirement will be and help you achieve the lifestyle that you would like.

As your career progresses it is likely you will receive increased benefits and greater disposable income. This is the time to consider the implications of having greater income and review your financial objectives.

For most people, arranging to buy their first home also means arranging the finance to make it all possible.

At Iolaire Financial Management, we can help guide you through the wide choice available in the market to help you source the most appropriate mortgage for you, taking into account any government schemes that may be available to you.

After sourcing the most appropriate mortgage we will ensure that you, your family and your home are fully protected in the event of any unforeseen circumstances occurring.

Receiving an inheritance, especially an unexpected one, might leave you feeling a little overwhelmed by the options. Ideally, the money should bring you closer to financial independence, but many heirs don't know how to handle a windfall and end up no better off than they were before.

At Iolaire Financial Management we will take a measured step by step approach to help you make the most appropriate decision as to whether this additional money will be used for your short term or long term goals and guide you through any complexities towards a secure future.

We will also seek, to mitigate any future Inheritance Tax liabilities that you may have by structuring and maintaining a personalised plan, incorporating any changing needs on an ongoing basis.

Inheritance Tax Planning is not regulated by the Financial Conduct Authority (FCA).

At Iolaire Financial Management Ltd can help you make the transition from single to joint finances. You may be considering buying a larger home as part of a couple and finding for the first time that your finances become more integrated than totally independent.

We will help you to ensure that the plans you had as individuals can be adapted to an integrated long term joint plan, ensuring that both parties are protected in the event of unforeseen circumstances and allowing you to build your wealth jointly and tax efficiently throughout your lives. These plans will be reviewed regularly to ensure they meet your changing needs throughout your working lives.

On the birth of your first or subsequent children, your priorities will naturally change. This is an important time to review your full financial situation, to ensure that your growing family is fully protected and financial planning for future goals can be put in place.

You are at your most financially vulnerable time of your lives whilst you are working and your family is financially dependent on you. A loss of an income can have massive and far reaching consequences.

We regularly protect things that are important to us, our homes, our cars and our mobile phones but we sometimes forget to protect the things that are most important to us, ourselves and our families.

At Iolaire Financial Management we can help identify the financial implications to you and your family in the event of unforeseen circumstances and tailor an affordable solution to meet your needs.

Whether your aim is to assist your children with the costs of going to university, paying for a wedding or helping them to buy their first house or car, the cost can be substantial. This is why good early financial planning can make your goals for your family more achievable.

For many this is a time of emotional stress and self-doubt.

If you are made redundant you may well have a redundancy payment that needs to be used wisely. It could be that you will use your money to start up a business, or because you have found another job you are able to incorporate your redundancy money into your plans for the future.

At Iolaire Financial Management Ltd we can help you emerge out of your likely state of confusion with a concrete action plan.

The children have probably flown the nest, your earnings are at their peak and you have already bought the sports car or the motorbike!

With your disposable income so high, it is a good time to put a little extra away for the future. Take a fresh look at your long and short-term objectives and make contingency plans for the possibility that during retirement ill health may necessitate long-term care.

At Iolaire Financial Management Ltd, we are here to support you when you take that big step of starting your own business.

You understand your business objectives and will be working hard to achieve these goals, however there are many areas that we can support you and ensure that you capitalise fully on the growth of your business. We will also help to ensure that the business remains in your control in the event of any unforeseen circumstances.

We may also advise you on adopting tax efficient methods, considering your short, medium and long term needs.

At Iolaire Financial Management Ltd we will support your transition towards retirement.

We’ll help you utilise the funds that you have accumulated throughout your working life to tailor the best solution for you to generate the income that you require to be able to support your lifestyle.

Now that you are in a more financially secure footing, you may wish to help your children plan for their children’s future. This could take the form of funding regular school fees or allocating a sum for them to use in the future towards their wedding, first home or university costs.

Early planning in this area can help from a tax perspective and at Iolaire Financial Management Ltd we can advise as to the most appropriate course of action to meet you and your family’s needs.

We understand that you have worked hard to build up your wealth throughout your working life and at Iolaire Financial Management we can help you make the most of your capital in a tax efficient manner.

We will also ensure that as much of your residual wealth and assets are passed to your beneficiaries and reducing the potential liability of Inheritance Tax on your estate.