Help & FAQs
Frequently Asked Questions
Clear answers to common questions about financial advice, retirement planning, pensions and investing.
Getting started
No. The initial discussion is complimentary and allows us to understand your circumstances and determine whether advice is likely to add value.
We will discuss your current financial position, your objectives and any existing arrangements. We will also explain how we work and outline whether we believe we can help.
No. It can be helpful to have pension or investment statements available, though the initial discussion is designed to be straightforward and without pressure.
No. There is no obligation to proceed. Any chargeable work only begins once the scope has been agreed and you have provided your authority.
About WealthConnect Financial Planning
Yes. We provide independent financial advice, which means our recommendations are based on the wider market rather than a restricted panel.
Yes. WealthConnect Financial Planning Limited is an Appointed Representative of Julian Harris Financial Consultants Limited, which is authorised and regulated by the Financial Conduct Authority.
We work with clients across Leeds, Sheffield, Wakefield, Barnsley, Rotherham and Huddersfield, as well as the wider West and South Yorkshire region.
Yes. Meetings can be arranged by video call or telephone, as well as in person where appropriate.
Retirement planning
There is no single figure that suits everyone. The amount required depends on your lifestyle, other income sources and how long your assets need to last. We use cashflow modelling to calculate a personalised figure.
This depends on your pensions, investments and expected expenditure. We model different scenarios to help determine what is realistic.
We review your pensions, savings, expected retirement age and expenditure, then model future outcomes based on a range of assumptions.
The right approach depends on your income needs, attitude to risk and preference for certainty or flexibility. We compare both options before making a recommendation.
Pension advice and consolidation
Consolidation can simplify management and reduce costs, though it is not always suitable. Some pensions include valuable guarantees which should not be given up lightly.
Possibly. Certain pensions include safeguarded benefits or guarantees. These are reviewed carefully before any recommendation is made.
Transfers typically take several weeks, depending on the providers involved. We manage the process on your behalf.
Yes. Charges can have a significant impact over time, particularly over the long term.
Savings and investments
This depends on your income security, spending needs and future plans. Most people benefit from retaining an emergency reserve before investing surplus capital.
Both approaches can be appropriate depending on your circumstances and comfort with market movements.
This depends on your objectives, time horizon and tolerance for risk. Advice helps ensure the level of risk taken is appropriate.
Yes. We assess existing portfolios for suitability, charges, performance and alignment with your long-term goals.
Inheritance tax planning
Planning is generally more effective when started early, while you have greater flexibility and more options available.
The threshold depends on your circumstances, including the Nil Rate Band and, where applicable, the Residence Nil Rate Band.
Pension treatment depends on structure and legislation. This remains an important area of planning and should be reviewed regularly.
Yes. A valid Will is essential to ensure your estate is distributed according to your wishes.
Fees and value
Fees depend on the scope and complexity of the work. All charges are explained clearly and agreed before any work begins.
Yes. We set out the scope of work and associated fees before you decide whether to proceed.
Yes. Ongoing advice and review services are available where appropriate.
Effective advice aims to deliver value through clearer decisions, improved tax efficiency and stronger long-term outcomes.
Working together
Yes. We regularly work alongside other professional advisers to ensure a coordinated approach.
Your plan can be reviewed and updated to reflect changes in your financial position or objectives.
No. We work with individuals building wealth, approaching retirement and those already retired.
No. Advice is most valuable where better structure, clarity and decision-making can improve outcomes.
Speak to an independent financial adviser
If you would like to discuss your circumstances and explore whether advice may be appropriate, you can arrange a complimentary 15-minute discovery call using the link above.
Alternatively, you are welcome to contact us at contact@wealthconnectfp.com
