Financial advice please - ball park numbers

[mick43]

Hoping to tap in to the vast knowledge of 350Z-UK (and I believe there may be a few Financial advisers here....

 

Looking at options to take an early release from work, and if my investments on top of company pension can give me sufficient income...

 

I've been in touch with a couple of advisors, who have the same proposal at top level, which is:-

 

Keep cash and share ISAs as is - as most tax efficient - and shopping around, and/or giving them ISA ownership should realise circa 4.3% at this time. This would be approx 1/3 of my funds.

 

The other 2/3rds put in an 'investment bond' - where my risk would be a balanced portfolio - giving medium risk.

 

What I can't get at the moment is a clear expectation, say an average per year, or over 5 years what performance I would expect (% gain/loss). I know now I can take 5% tax free each year, but there's a 1.5% management charge (both cases) and I need a couple of % to increase bond to protect against inflation.

 

Is 8-10% growth realistic at this time ? (and say next 5 years) or is this super optimistic ?

 

 

Many thanks in advance for any pointers... of course the value can go up or down !

[Whazza22]

My father runs his own business as a Professional Mortgage and Insurance Advisor.

 

If you need any advise then you can contact him on 01392 876531.

 

His name is Paul and his business is Wear Insurance Network.

 

ðŸ‘

[glrnet]

PM Sarnie

[Sarnie]

PM Sarnie

 

Thanks for that but I'm primarily a Mortgage Broker.

 

The OP needs a dedicated IFA

[glrnet]

[Whazza22]

As posted, any problems contact my father as he deals with everything from insurance, mortgages, loans, wills, isa's etc. Basically anything financial.

 

Cheers