Archived article: This article was correct at the time of publishing. Tax, investments and pension rules can change over time so the information below may not be current.

New year, new financial resolutions

The new year is a new start, so there’s no better time to review your money and make sure you are on track to achieve your financial goals. We’ve got some really simple resolutions to help give your investments the best start in 2017.

Lee Dooley Lee Dooley
03 January 2017

Lose the lbs, not the £s

Setting up a Bestinvest Stocks and Shares ISA is a great way to invest your money tax-efficiently. Remember that if you don’t use your £15,240 allowance before the end of the tax year (5 April 2017), you will lose it.

Opening a Self-invested Personal Pension (SIPP) is another way to guarantee you have used the tax allowances available to you. With a SIPP, you receive tax relief on pension contributions and your investments grow tax-efficiently. With our easy-to-set-up SIPP, you can choose to have your investments managed by our experts or you can look after them yourself.

Give your money a work out

Starting a regular savings plan is a simple but effective way to ensure your investments are working as hard as they can. Regular investing helps smooth out the highs and lows of the markets. Your money is drip fed into the market, so you don’t buy everything on the same day at the same price. Through pound cost averaging when prices are low, your money buys more and when they rise, you get less.

If you invest regularly over the long term, your investments could receive a boost from compounding. This snowballing effect happens over time as your earnings help to generate even more earnings. Get started by opening a Best SIPP or Stocks & Shares ISA.

Time for a tidy-up

When it comes to consolidating your ISAs or pensions, it’s a case of the more the merrier. Consolidating a number of holdings with one provider is a great way to make the most of your ISAs and pensions without investing another penny*.

With all of your investments in one place they'll be easier to check and manage. You could also cut down on paperwork and most importantly, save money on fees. It’s easy to transfer your ISAs and pensions to Bestinvest – we take care of everything and we’ll also pay you up to £500 for any exit fees**.

Book a free consultation with one of our financial planners

Have you thought about speaking to one of our financial planners to check your finances are on track? They are here to advise you on everything from retirement planning to passing on your wealth. With financial planners all over the UK, you’ll receive a local and professional service. Your first consultation is free and there’s no obligation to do any business with us.

Book an initial consultation with one of our financial planners today by filling in this form. As our financial planning service is provided by the Tilney part of Tilney Bestinvest this form is on our Tilney website. Alternatively, you can call us on 020 7189 2400.

Let our experts invest for you

With all the new resolutions you’ve made and hobbies you’ve decided to take up, you may no longer have the time to commit to investing. So why not let the professionals do it for you? With one of our Ready-made Portfolios, just choose which one suits your attitude to risk – our experts then manage them for you over time.


Important information

SIPPs are not suitable for everyone. If you don’t want to invest across different asset classes or don’t think you will make use of the investment choices that SIPPs give you then a SIPP might not be right for you. Self-directed investors should regularly review their SIPP portfolio, or seek professional advice, to ensure that the underlying investments remain in line with their pension objectives.

*Before transferring pensions, you should ask yourself: Will I be charged or penalised by my existing provider for transferring? Will I lose any valuable features or benefits if I transfer? Have I considered my current pension charges, and could consolidating be more expensive? Am I part of an occupational final salary pension scheme? (In which case I would most likely be better off not switching).

**Please note, if you decide to leave Bestinvest, exit fees may apply.