Use OnePlan™ to create your financial plan
“Principle First believes in helping its customers towards a financial plan where all elements are carefully proportioned, and the needs of both present and future are carefully balanced. We believe that everything you do affects everything else you do.”
Michael Kennedy, Director of Financial Planning
With the above in mind, Principle First’s customers can build their own balanced and sustainable plan, in consultation with us and with the help of our unique online financial planning workspace, OnePlan™.
OnePlan™ offers you a private, secure online area and a user-friendly toolkit to develop a personal, tailored financial plan. OnePlan™ is a flexible online resource where you can look at the potential elements of a financial plan, decide which are right for you, and fit them into your life in a way which takes account of your resources. This creates a plan which is, for you, manageable and sustainable.
At all stages of this process, we are on hand to offer professional independent financial advice, to help you with your plan.
OnePlan™ has many features, which together give it a unique flexibility. Whether you are at the beginning of life or nearing retirement, whether you are a student, a graduate or further along in your career, OnePlan™ is perfect for putting a structure on your financial planning. Your strategy may range from the immediate objectives of purchasing a home and insuring yourself and your family, with longer term goals such as savings and investments, and pension and retirement planning. You may also wish to manage your debt, and take care of estate and Inheritance Tax planning. All this is possible in OnePlan™.
And when you have made your financial choices in OnePlan™, you can check off each element as you put it in place. OnePlan™ is the scaffolding that lets you build your financial plan, then moves aside to show the stable financial strategy you have created.
Contact us now to ask about OnePlan™ with a financial advice enquiry or call 0800 678 5929
As well as being balanced and sustainable, your financial needs are also organic. One financial step often suggests the next one, as your needs grow and change over time. As you progress through your financial life cycle, you may wish to introduce new elements into your financial plan, because your circumstances have changed. If you are preparing for marriage, for example, you may well be looking for a first time buyer mortgage. From your mortgage may come thoughts of taking life insurance, if you do not have it already. Perhaps children come along. Now your needs have grown again, and you may think of securing the financial wellbeing of your dependents with critical illness insurance, income protection insurance, and additional life cover. OnePlan™ will also enable you to visualise and structure your retirement planning.
In all of this, you ensure that your planning does not become over-focussed on the short term, at the expense of the need to plan for the future. Again, you are maintaining the balance! Perhaps the particular home you are thinking of would stretch your monthly finances to the limit. When you look at your workspace in OnePlan™, it will remind you that family protection insurances are equally important, to protect your income if the worst were to happen. OnePlan™ is your visual reminder to correct the imbalance.
Perhaps you are diverting too much of your monthly budget into insurance, but forgetting that one day, your children may enter third-level education. Three years at university costs over £42,000 today – what will it cost by then? You need to think of saving for that now, in order to restore the balance!
How much should I save? Use our savings planner or call 0800 678 5929
The tax efficiency of your financial planning is also important. Using trusts for both your protection and inheritance planning can protect you from tax, when passing your wealth on to your children. In OnePlan™, you can consider these issues, and then we can work with you to resolve them.
Your savings and investment needs may also change over time. Looking around your workspace in OnePlan™, you can ensure that your investments still match your risk profile. You can set yourself an investment schedule, gradually turning down the heat in your portfolio, and lowering risk, as you progress towards retirement.
You can even adapt your long-term plan to factor in shorter term financial objectives that may crop up from time to time, and discuss these with an adviser within OnePlan™, when the time is right.
With OnePlan™, all of this can be done in a way that is carefully balanced, so that you also have a little over every month, to enjoy the here and now.
