career stages
Using our knowledge and experience we will tailor our advice and the following structures give an idea of the type of discussions that we will have at each stage of your career.
Age 16 – Academy Player not yet signed his first professional contract
- Cashflow – an introduction to income and expenditure analysis to identify savings potential
- Explore the availability of junior cash ISAs and cash ISAs and look to utilise the annual allowance on both
- Set up savings account at your bank and agree financial goals with you
Age 18 – First Professional Contract signed
- Identify the need for career ending injury cover to protect against the loss
of more substantial earnings - Continue to maximise cash ISA allowance
- Introduce savings for first property into your financial planning
- Explanation of the workings of the PFPS pension scheme
- More detailed cashflow analysis
Age 20-21 - 2nd/3rd Professional Contract signed
- Explain the process of purchasing your first property and introduce you to the following:
- Mortgage Adviser – to help you select the most suitable mortgage products available
- Solicitor – to handle all of the legal aspects of the property purchase
- Once the property has been purchased, look to cover the mortgage debt
with a suitable life assurance/critical illness policy
Experienced Professional
- Introduction to discretionary fund management/investment platforms
- Advice on investing excess income over expenditure over the medium to long term
- Up to 2 investment and pension reviews per annum to confirm that we have an ongoing understanding of your financial needs and expectations
- Analysis of existing, and discussion about future, pension arrangements
- Comprehensive structuring of tax affairs
- Potential to build a property portfolio where applicable
our services
Hutchinson Financial Management Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register (www.fca.org.uk/register) under reference 962316.
Hutchinson Financial Management Limited is registered in England & Wales under registration No: 08392997. Registered office address: Unit F Whitacreas, Cambridge Road, Whetstone, Leicestershire, LE8 6ZG.
The information contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.
Our written complaints procedure is available upon request. If we cannot settle your complaint, you may be entitled to refer it to the Financial Ombudsman Service (FOS). Further information about the FOS is available from their website www.financial-ombudsman.org.uk. If we cannot meet our obligations, you may be entitled to compensation from the Financial Services Compensation Scheme. This depends on the type of business and the circumstances of the claim.