How the Financial Plan is built
Four stages. The first two are free. The modelling and the decisions are the Financial Plan, at £1,500.
Four stages. The first two are free. The modelling and the decisions are the Financial Plan, at £1,500.
Connect your bank read-only through the free Healthcheck. Your last few months of transactions are sorted into income, committed costs, living costs and what is left. The plan is built on that spending figure.
Each goal is turned into something that can be modelled: a date, a monthly figure after tax, and anything you will not give up. For example, stopping full-time work at 61 on £3,200 a month after tax, with the mortgage paid off.
Your money is run forward every year to age 100 with UK tax applied at each step: income tax including the Scottish bands, National Insurance, dividends, capital gains, pension allowances and inheritance tax on the estate. The plan is then run two thousand more times with good and bad years in a different order, and tested against specific events such as falling markets, redundancy and care costs.
We go through the results with you in a session. Each finding ends in a question for you to decide. You get a list of four or five actions for the next ninety days, each with a date.
This can come up at any stage. Financial planning is not regulated financial advice. We do not tell you which pension, fund, lender or policy to choose, and Buzz Accounting Ltd is not authorised to. Your plan goes with you to the adviser. When a decision needs a personal recommendation we say so and can introduce you to Equity & General, authorised and regulated by the FCA (No. 474163). The introduction is optional. If you become their client, E&G pay Buzz a commission, and we tell you about it before the introduction.
Two to three weeks from start to finish. The Healthcheck takes about two minutes, the conversation about your goals about an hour, and the results session about ninety minutes. We do the modelling in between.
No. We can work from figures you give us. Connecting a bank gives the plan your recorded spending, which is more accurate than an estimate, and saves us data entry. That saving is reflected in the £1,500 price.
Every assumption is printed in the plan. Tell us which one you disagree with and we re-run the projection with your figure.
No. The Financial Plan is complete on its own. Ongoing planning at £49 a month re-runs and reissues the plan each year and covers questions when something changes, such as a business sale or an inheritance. You can start it later.
A planner, using our own modelling engine. The engine is tested against known UK tax cases and gives the same result for the same inputs.
An hour with a planner on whether the Financial Plan suits your position.
A written plan: every year to age 100 with UK tax applied, each risk measured in years, and your next ninety days.