Preparing for your first appointment

Because Barclays Financial Planning offers a holistic approach to your finances, we like to make sure we've considered all your current and future needs and aspirations.

Before your first meeting, you might find it useful to think about key areas that you would like to discuss so that you make the most of the planning service. The following checklist has been put together to give you some areas to consider:

Current financial position

• Assessing your assets and liabilities
• Understanding your cash flow
• Building a cash reserve
• Maintaining your cash reserve for unanticipated events
• Consolidating your loans
• Evaluating your mortgage needs
• Applying tax efficiency to your financial position

Protection planning

• Having the right amount and type of cover in the event of:
  • Disability or illness
  • Premature death
• Protecting your ability to meet savings/education objectives
• Planning for business continuation
• Protecting your personal assets
• Understanding your existing cover and employment benefits
• Providing adequate health and nursing care

Retirement planning

• Ensuring an adequate retirement plan
• Projecting the impact of earlier or later retirement
• Buying a retirement home
• Understanding your retirement benefits, including:
  • Maintaining your lifestyle
  • Managing future capital
  • Using your business assets for retirement

Investment planning

• Managing existing capital by:
  • Balancing your investments
  • Maximising return on your savings
  • Minimising the impact of inflation
  • Minimising the impact of taxation
  • Establishing your risk profile
• Savings with a specific objective in mind, such as:
  • Buying a house or second home
  • Starting a business
  • Building a balanced investment portfolio
• Providing for your children:
  • School fees
  • University costs
  • Helping them get on the property ladder
• Diversification

Tax planning

• Minimising your taxes, including:
  • Income tax
  • Capitals gains tax
• Using tax-efficient investments
• Applying independent taxation strategies
• Minimising personal taxation

Estate planning

• Preserving your family's wealth by considering:
  • Wills
  • Reducing estate duty
  • Effects of capital gains tax
  • Trust strategies
• Planning for the smooth transition of:
  • Personal assets
  • Business assets

In addition, before your meeting we will send you a pre-meeting pack to help you prepare and make the most of your meeting. The pack contains:

• Regulatory information about the services we provide and costs
• Data Protection Authority leaflet (detailing the treatment of your personal details and information)
• Initial meeting preparation tips
• Leaflet outlining our approach to selecting and managing the providers and partners we choose to work with
• Your Financial Planning Manager's business card.

Call 0800 587 2024 to book an appointment or request a call back.