Managing your family's finances

Gain the peace of mind that your family's future is financially secure

Managing the family finances is full of questions

You want to sleep easy, knowing that your family is financially secure. To have this peace of mind, your family finances need to be in shipshape condition, and your biggest financial questions must be answered.

Planning your family's future

Family financial planning involves pinpointing what you want your family’s future to look like and identifying your key milestones. Then, finding a smart way of getting from here to there.

Your financial plan will include short-term and long-term goals, such as a group family holiday next year, putting your children through private education, helping your parents pay for a care home when the time comes, buying a bigger house in 5 years’ time, and giving your children a deposit for their first home. Your plan will be a combination of saving and investing, and tax efficiency to ensure you stay on track and achieve your aims.

Your financial planning partner will help you discover what you want out of life. Then agree on financial goals and structure your finances to achieve them. Using advanced technology, such as FutureMap™, will help you to see your future and visualise your goals.

Learn about financial planning

Tracking your family finances - your family money maximiser

Money comes in, and money goes out, but what exactly do you spend it on and how much should you be saving each month?

Our free family money maximiser will help you to visualise where your money is coming from and what you are spending it on. This helps you identify how much you can save or invest each month. 

Knowing how much you can save will help you to discover how quickly your goals can be achieved.


The three key components of family finance

There are many moving parts to family finances, but usually, the purpose remains the same: to support, protect, and plan for your family and the future.


Supporting your family

Whether it’s helping your children onto the property ladder, funding your elderly parents’ long-term care, or inheritance planning, you may need some helpful guidance on the best and most cost-effective way of helping. Before you can help others, your own position needs to be secure. Like oxygen masks in an aeroplane, put yours on first before helping others. It makes a lot of sense.


Protecting your family's finances

What would happen if your income stopped? Mortgage, school fees, bills, and all your weekly expenses wouldn’t stop coming in. You want to protect your family’s world from collapsing at all costs and reduce additional stress from unexpected changes in circumstances. We help you to create a financial cushion for rainy day events. And a full review of your life and health insurance protection.


Planning for the future

You want your family to have a bright and successful future. Taking the family on the trip of a lifetime, moving home, sending your children to private school, or opening a family business; whatever your dreams are for the future, a solid plan will help you get there faster and more efficiently, without risking your financial security. A good plan is important, but planning is everything.

Transferring wealth from one generation to the next

In the next decade, trillions of pounds will be transferred from one generation to the next. There are countless ways you can choose to pass on your wealth, including leaving it after death, setting up trust funds, or gifting now with a warm hand to see the benefits. There are plenty of factors that will affect your decision, such as the maturity of your heirs, potential tax implications (IHT), gift allowances, and more. Talking your ideas over with your financial planner will make a difference.

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Helping your child onto the property ladder

For first-time buyers, climbing onto the property ladder has become ever more challenging and costly. House prices in the UK have risen significantly over the last 50 years and being accepted for a mortgage is difficult for first-time buyers. One third of first-time buyers rely on financial help from family or friends. Learn how you can help your child onto the property ladder without jeopardising your financial security in this guide.

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