Birch Financial Services

Financial planning made simple

Here at Birch Financial Services, we break the financial planning process into four stages:

Consultation

Identify your goals and aspirations
Gather the information needed to build your plan
Review existing plans
Agree any remuneration

Advice

Build your plan by;

Assessing your goals and aspirations
Research
Build an investment strategy specific to your needs
Select the products

2. Provide a personal recommendation to help guide you to your goals

Implementation

Apply and/or transfer assets
Ensure the correct paperwork is in place
Ensure key documents are held and completed correctly such as pension nomination forms

Review/Ongoing Service

Assess the plan suitability

Have your goals changed?
Has your approach (risk profile) varied?
Is your plan on target?
Do we need to make changes?
Review contributions/withdrawals

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Preparing to retire

There will come a stage in your life when working will become a choice rather than a necessity, we call this financial independence. With a well-executed plan in place, you will know when you can stop or reduce working hours to spend more time achieving your goals and aspirations.

Moving from a working lifestyle to one with more free time can create its own issues. Here at Birch, we make sure expectations are known so that you enjoy your time with little worry about the financials in the background. Our process is to educate and confirm the understanding that turning off the income tap doesn’t mean you stop living.

Person looking at the details of their inheritance forms.

InheritAnce planning

For those fortunate to create more wealth than what’s needed, inheritance planning is a great way to pass on your finances and assets how you see fit. Whether it’s the family home or assets held, we can assist in making sure the correct paperwork is in place to give you peace of mind that your last wishes will be known.

• Start early and draw up a will

Select your beneficiaries and set up a trust if needed

• Setup Lasting Power of Attorney for health and wealth

• We talk about inheritance with your family

Make sure the money is safe and plan to spend it wisely
Pay off any high-interest debt with your inheritance

• Share your plans with your loved ones

Part of inheritance planning can also include specific investment strategies designed to hold funds outside of your estate. This is part of the financial plan and works hand in hand with inheritance planning with regards to how you draw funds for retirement and where investments are held such as pension planning and trusts.

Please note that the Financial Conduct Authority do not regulate Inheritance Tax Planning.

Person looking at paperwork and thinking.

Tax planning

There are many aspects to consider when building your personalised financial plan, one of which is tax planning. Whether you are employed or run your own business, tax planning can assist making the most out of your contributions and help build assets to potentially reduce future tax liabilities. By keeping up to date with current UK tax laws, we can apply our knowledge to your plan from day one to pursue efficient growth and future retirement funds to make your money go further.

Please note that the Financial Conduct Authority do not regulate Tax Planning.

How can we assist

At Birch Financial Services, we are committed to supporting you through the challenges of divorce and helping you thrive in your new financial circumstances. Our services will bring clarity to your financial plans, giving you the confidence to move forward. Our services include:

Assessing Your Future Income

Our team will work with you to determine what your future income looks like post-divorce. We will analyse your assets, investments, and financial resources to create a comprehensive financial picture. With this information, we can help you plan for your financial well-being in the years to come.

Managing and Increasing Your Income

We'll assist you in managing your post-divorce income, making sure it aligns with your needs and aspirations. Whether it's optimising your existing resources or exploring avenues to increase your income, we'll help you create a strategy that suits your unique situation.

Addressing Additional Costs

Separation can often lead to unexpected expenses that you may not have initially considered. We will help you identify and plan for these additional costs, ensuring that your budget remains resilient and adaptable.

Evaluating Investments and Affordability

Even if you've received a share of investments, it's crucial to understand what is truly affordable and sustainable for your future. Our expertise in financial planning can help you make informed decisions about your investments, ensuring they align with your long-term financial goals.

Crafting a Comprehensive Retirement Plan

One of the most important steps in securing your post-divorce financial future is developing a robust retirement plan. Our team will guide you through the process, helping you define your retirement goals and create a strategy to achieve them.

Birch Financial Services is a trading name of 2plan Wealth Management Ltd. 2plan Wealth Management Ltd is authorised and regulated by the Financial Conduct Authority. It is entered on the FCA register (www.fca.org.uk) under reference 461598. The information contained with this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK. Registered office: 2plan wealth management Ltd, 3rd Floor, Bridgewater Place, Water Lane, Leeds, LS11 5BZ. Registered in England and Wales Number: 05998270.

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