Getting married or entering into a civil partnership is a very exciting time, but it’s also a time to start thinking about your finances and how things will change once you are married.
Whatever your situation was as a single person, when you get married you take on new responsibilities and so it’s a good idea to make sure both of you have a strong focus on your personal finances.
There are often big decisions to be made such as choosing a mortgage and deciding who’ll pay the bills (if you’re not already living together). There are simple things that need to be done too, like changing your name on bank accounts and life assurance policies. With the help of an independent financial adviser (IFA), you can make a structured plan that will help you cope with your finances as a couple.
We can give you expert guidance on a whole range of issues, from securing your assets outside the marriage, to helping with pension planning, or finding ways to spread to cost of your wedding. In every situation, getting a little professional advice before you walk down the aisle is a good idea.
Questions you might like to ask us…
- What’s the best way to organise our savings for tax-efficiency?
- What are the implications of having our house in joint names?
- Can we set up life assurance policies on each other?
- How could we benefit from making pension plans together?