Financial Health Check Services
What is a financial health check?
A financial health check is a comprehensive review of your current financial situation, assessing everything from income and savings to investments, pensions and future goals. It helps to identify strengths, highlight any areas for improvement, and ensure that your financial strategy aligns with your short- and long-term objectives.
At Yorkshire Financial Planning, we take a personalised approach to financial health checks, providing expert advice tailored to your unique circumstances. Whether you want to build financial security, reduce debts or optimise your investments, we’re here to help.
Why is a financial health check important?
Life is constantly changing and your financial plan should evolve with it. A financial health check ensures that you stay on top of your finances, allowing you to:
- Gain a clear picture of your financial position.
- Identify potential risks and areas for improvement.
- Ensure you’re making the most of tax allowances and savings opportunities.
- Plan for major life events, such as buying a home, retirement or passing on wealth.
- Adjust your strategy in response to changes in income, expenses or financial goals.
Key areas covered in a financial health check
A financial health check is a thorough assessment of your entire financial situation. Some of the key areas we review include:
Income, savings and budgeting
Understanding how your income, expenses and savings align is crucial for maintaining financial stability. We’ll help you assess whether you’re saving enough, managing
expenses efficiently, and working towards financial independence.
Debt management
Not all debt is bad, but too much of it can hold you back. We’ll review any outstanding loans, credit cards or mortgages to ensure they’re structured in the most efficient way possible, helping you reduce unnecessary costs and improve your financial position.
Retirement planning and pensions
Are you on track for a comfortable retirement? A financial health check will assess your pension savings, projected retirement income and investment strategies to help you build a secure future.
Investments and wealth management
Whether you’re a seasoned investor or just getting started, we’ll review your current investment strategy to ensure it aligns with your goals, risk tolerance and market conditions.
Protection and insurance
Financial security isn’t just about savings – it’s also about protecting what matters most. We’ll review
your insurance policies, including life, income protection and critical illness cover, to ensure you have the right level of protection in place.
Estate planning and inheritance
If you want to pass on wealth to loved ones in a tax-efficient way, we can help you review your estate planning strategy, ensuring your assets are protected and your wishes are carried out.
Who should have a financial health check?
A financial health check is beneficial for everyone, regardless of income level or financial knowledge.
Whether you’re just starting out, planning for major life changes or looking to refine your long-term financial strategy, a review of your finances can provide clarity and direction. A financial health check is particularly useful if:
- You’ve had a recent change in income, such as a promotion, redundancy or career switch.
- You’re planning to buy a house, start a family or prepare for retirement.
- You want to make sure your savings, pensions and investments are on track.
- You’re unsure if you’re making the most of tax allowances and financial opportunities.
Book a financial health check today
A financial health check is an essential step towards gaining financial confidence and peace of mind. At Yorkshire Financial Planning, we take the time to understand your goals, review your financial situation, and provide tailored advice to help you make the most of your money. To book a financial health check, give us a call on 01482 275540 or fill in our contact form.
