Invest In Your Future
Over 50% of individuals currently requiring care are expected to pay for it*, either in part or in full. Of these, a sizeable proportion may exhaust their capital entirely – in 2018/19 over 5,000 people had close to nothing left because of the cost of care*.
Our later life planning service is intended to help our clients meet these later life challenges without running out of money.
Welcome to Cyngus FP
Later Life and Care Fee Planning
As a care fee specialist financial planner we’re better placed than most advisory firms at being able to determine how you can ensure your finances remain resilient into later life.
It is often care funding that becomes a concern: who pays and how are two key questions a lot of our clients have initially.
A good number of people still believe the State will provide care and whilst this might be true for some, the reality is that you do not have to be extraordinarily wealthy before you’ll start having to contribute toward care fees.
For those self-funding, we often find underestimation of both the length of time an individual will likely require care for and the cost implications this can bring with it.
If you don’t have a plan then you can significantly reduce your options.
*Footnote 2: Source: Age UK. (2020). 23rd July 2020 Media Release.
we do the hard work so you always know where you’re headed and can feel assured about your future prospects.
Business Owners & Directors
You work hard on business strategy and planning but how much of your time is spent thinking about your personal wealth?
Whether it’s more time or an eye on an exit, we help our clients formulate a strategy to convert business ownership/high earnings into enduring personal wealth.
We can help you
Organise business and personal finances
Formulate an exit strategy
Make sure the business and your family are protected against identifiable risks
Identify tax efficient remuneration plans
Considering Retirement
Am I saving enough? Will I have enough? What can I spend?
These are big questions and we work closely with our clients to truly understand how they want to live.
We can help you
Identify what your likely possibilities are
Work out a strategy to improve your potential outcomes
Calculate a range of possibilities given various market conditions
Identify tax efficient savings plans
Retired
At this point in life, you may have much more free time to fill. Many of our clients pursue a range of hobbies and interests, in amongst spending more time with friends as well as family.
To ensure resilience toward potential later life challenges, a strategy is central to ensuring you’re able to see retirement through, both without exhausting your capital and/or leaving a lot behind.
We can help you
Make sure your finances are likely to prove sustainable and resilient
Create an effective spending plan so your capital is used most effectively
Make sure you’re not overpaying for substandard outcomes
Draw up a plan so that your capital goes where you want it to upon death
Later Life Planing
Will I be impacted by inheritance tax? Can I gift money? How will I be cared for (and how will I pay for this) if my health deteriorates?
Growing older often comes with big decisions to make. We can help you plan effectively for care if it’s needed and are SOLLA accredited, showing our commitment to delivering the best outcomes when it comes to this type of planning.
We can help you
Balance the desire to help others (and mitigate inheritance tax) with the need to help yourself
Formulate a strategy to meet the costs of care
Identify what benefits might be available to you in later life
Avoid worrying about placing a burden on others in your later years
FEES
Our Specialist Care Fees Service
Working with those requiring care or their attorneys requires a compassionate, empathetic and adaptable approach. We do all we can to accommodate your requirements.
With specialist care fee qualifications, accreditation by the Society of Later Life Advisers and a current member of Symponia you can take a great deal of comfort in knowing that we have a depth of knowledge and expertise that is not common amongst financial planners.
Our experience allows us to simply and quickly help you build an appropriate strategic framework to meet the cost of care; our approach will cover key areas such as:
LIFESTYLE
INCOME PLANNING
Investment planning
General estate planning
We charge fixed initial fees for our service and our present pricing can be found on our ‘fees’ page.
We want to ensure that our clients feel informed as far as is possible, so they can make the decisions needed to secure their later life financial planning.
Please note that the FCA does not regulate estate planning advice per se; some solutions will be regulated activities but others may require professional expertise from suitably qualified legal professionals.
Cygnus Financial Planning does not draft wills and/or lasting powers of attorney but we’re happy to liaise with your legal advisers where necessary.
OUR BELIEFS
More Signal, Less Noise
We’ve worked in the profession for long enough to know 99% of what’s said is of little help; we place our attention on the 1% that matters.
More signal, less noise.
We believe it is how we approach our relationships with clients that’s important.
The following strategic aims underpin everything we do; from the quantitative research through to the advice we put in front of you.
VALUE
IMPARTIALITY
SIMPLICITY
CLARITY
VALUE
Give more than we take. Speak less, listen more. Be there when you need us.
We specialise in key areas and aim to be amongst the best at what we do.
By keeping our client numbers at a modest level we’re able to provide exceptional service to those we serve.
This all adds up to delivering the best outcomes for our clients and exceptional value for money.
IMPARTIALITY
Our independence allows us to recommend what is best suited to you, from the whole of the market; not just what a company will allow us to offer.
To further reduce conflict we charge fixed initial fees and cap our ongoing charges.
At each stage, our advice, strategy and planning can only ever be about you as the only payments we receive are from our clients.
SIMPLICITY
Many clients (and many professionals) rely on serendipity to carry them through; hope is not a good strategy.
We can’t reduce everything to a simple solution but we’ll make life as easy as possible; we’ll always be honest about your prospects, even if that isn’t what you want to hear.
CLARITY & EDUCATION
We listen to you, challenge your thinking and provide rigorous analysis. We aim to understand your values, then provide clarity, assurance and calm to your situation.
Clients we work with receive a strategy outlined in plain English and periodic contact allows us to monitor progress, making tweaks as required. No sales pitch just robust strategies, delivered clearly.