Knowing your worth: The benefits of speaking with an IFA



Posted on: 25th September 2019

For some, the idea of speaking with an independent financial adviser (IFA) seems like nothing more and another cost on top of their pension savings. However, you may be surprised to learn that this investment can offer better returns than if you were to control your finances by yourself.

Why is it important to consider independent financial advice?

Before we discuss the many benefits of speaking with an IFA, it’s important to understand why you may consider doing so in the first place. There are many ways of dealing with your finances, which can be overwhelming for some. You may also find yourself confused by certain financial products, and if their terms and conditions are unclear, there may be hidden costs. Finally, financial decisions are subjective. What may be suitable for one person may not be suitable for you. If this is too big a decision to make alone, seeking an IFA may be for you.

What are the benefits of working with a financial adviser?

There are many ways in which an IFA can benefit your financial future. From comparing products to offering peace of mind, here are just a few of the top benefits an IFA has to offer.

Clear goals

Speaking with an adviser will encourage you to think hard about what you truly want from your money. What are your plans after retirement? Do you wish to help your children with buying their first home? An IFA will look at your goals to help create a realistic and achievable plan.


Your IFA will dig deep to research available products that meet your financial needs. They will undertake regular research to keep their industry knowledge up to date, meaning you don’t have to. This knowledge can then be further investigated to determine which path best suits you.


In addition to researching the best financial products for your future, IFAs can help you establish a budget for your current needs and develop the discipline to put money aside for the future. As previously mentioned, your adviser can cultivate a plan designed around your goals, ensuring financial security.

Tax efficiency

Another benefit to having an IFA is that they will ensure your money works hard for you, including minimising your current and future tax liability. Understanding the UK’s tax system can be tricky, with even the smallest oversight costing you a fortune in unnecessary tax! However, a financial adviser will be aware of these traps and will ensure your finances are as tax efficient as can be.

Peace of Mind

Numerous investors agree that the biggest benefit of working with an IFA is that they can relax knowing their financial future is in safe hands. Your financial adviser will be there to any questions and address any concerns you may have. Together, you can develop a financial plan that offers peace of mind and allows you to focus more on your long-term goals.

Do you need help planning for your retirement?

We hope this article has helped you understand why so many individuals seek expert financial advice when planning for retirement. If you are based in or around Sale and would like to speak with an IFA, then look no further than Haven IFA. Get in touch to learn more about our services.