Financial Planning Through COVID-19

The long-term impact of the Covid-19 pandemic across every aspect of life is still unfolding. With additional government support and further restrictions announced in September and October, it is clear we are in for the long haul.

The crisis has also shone a light on the importance of resilient financial planning. A range of questions may have come into sharp focus in recent months. Is your budgeting realistic? What are your most pressing concerns? Do you need to manage your income? Or to review your longer-term pensions and investments? What can you do to protect yourself and your loved ones financially in light of the pandemic or potential job loss? Are your affairs in order?

The guide below signposts key issues you need to be considering about your financial future and outlines the core guidance we can provide to you during these challenging and uncertain times. In the guide you will find guidance on the following aspects:

Short-term cash flow planning – take time to review and analyse your income and spending.
Looking to the future – retirement planning – you may need to adjust your contributions or retirement plans.
Managing your portfolio – your investments will have been affected by market volatility during the pandemic.
A sober reminder – keeping your will up to date is the only way to ensure your wishes are enacted.