Suttons Chartered Financial Planner, Steven Walker, was again recently featured in The Telegraph Money Makeover advising on the financial considerations that can follow the celebration of a windfall or receipt of a lump sum.
The case study focused on Emma Raducanu’s recent win in the US Open and the factors to be taken into account when managing future finances and making tax efficient savings. In addition to advice on utilising ISA and pension contributions Steven outlined how different investment options, such as venture capital trusts, could be a relevant to future plans.
Steven went on to highlight that financial advice can be wide ranging in scope and setting up a company to manage finances, utilising cash to pay for personal property and tax payment transparency can all be relevant issues to consider by modern professional sports people.
If you have a subscription service with The Telegraph you can read the full article here: www.telegraph.co.uk/money/money-makeover/money-makeover-just-won-us-open-have-millions-invest-do-start .
Whilst we may not all enjoy the prize winnings and sponsorship deals of a major sporting competition, we can still formulate our own bespoke plans that are right for us and our own financial future.
If you would like to discuss your individual circumstances, financial plans and needs please contact us today on 0161 969 1703 or email info@oursocialteam.uk.
Article by Steven Walker DipPFS, APFS, Chartered Financial Planner, Suttons IFA 2021
