Global Stock markets are volatile, the UK PLC has overspent and many individuals are unsure of the future as far as jobs, money and finances are concerned. It might all seem very bleak and indeed the UKPLC has a lot of pain to expect before we begin to get the books straight. Although the new coalition government might start to tackle the problems facing the country we can all take time to review our own individual finances.

I truly believe that where change takes place, opportunities are present. The emergency budget may close off some loopholes as far as tax planning is involved, but others may open up to promote entrepreneurship and long term saving. Personally if you can make the best investment return for the level of risk you are able to accept , combined with utilising tax breaks & low-cost investment funds, then over the long term you should see the benefits.

The old phrase “don’t let the tax tail wag the dog” has never been truer. On The Face Of It a large number of individuals with buy to lets have put them up for sale, hopefully to sell before the emergency budget in 3 wks time. The reason is the possible change to capital gains tax. Great, but what if the government decide to backdate CGT to the Sixth of April. In reality these investors should have taken the possible action of CGT into account when planning their investment portfolios. Property is an ill-liquid asset it cannot be easily disposed of. Due to the growth in property values over the last 10 years many investors will face possible CGT bills when they least expect it.

A competent financial adviser should be able to show the Disadvantages & advantages concerning different types of investments. This should include the investment risks & possible tax implications.

Consilium – Independent Financial Advisers provide financial advice in Bristol.