Investors need to take action before the end of the tax year to ensure their finances are as tax-efficient as possible, according to one expert.
Wealth management company Rensburg Sheppards states that financial planning is vital due to the current economic climate.
Graham Barber, head of financial planning at the firm, comments: "Now is not the time to bury your head in the sand and avoid the facts. When uncertainty prevails it is important to hold fast to the basic principles of personal financial planning and stay with an agreed allocation and diversified portfolios ."
He adds that investors should also reassess their financial goals and the timeframe they hope to achieve them in.
Mr Barber continues to say that tax efficiency is key and advises people to make the most of personal allowances and contribution levels for personal pensions .
Recent research from Barclays Stockbrokers showed that investors are prepared to take risks at the moment, with 89 per cent of Isa holders planning to invest in products which put their capital in danger.
Investors 'need to make sure their finances are in order'
Investors 'need to make sure their finances are in order'
Tue, 17 Mar 2009
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