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Financial Advisors > Financial Advisers In > Financial Advisers By City > Financial Advisers In Hereford > Compass Financial Services

Compass Financial Services

Compass Financial Services
Address: Compass House
Marshall Business Centre
Faraday Rd
Hereford
Herefordshire
Postcode: HR4 9NS
Email: enquiries@compassfinancialservices.co.uk
Telephone: 01432 277270
Website: http://www.compassfs.co.uk/
Financial Advisors By Type: Pensions Advice, Mortgage Advice, Investment Planning
Financial Advisors By Area: Herefordshire Financial Advisers
Financial Advisors By City: Financial Advisers In Hereford
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Description
We currently have over 20 people working with Compass and have advisers who cover a range of areas including Hereford, Gloucester and Swansea. Compass Financial Services Ltd offers friendly professional Independent Financial Advice. We have unrestricted access to all financial services and mortgage providers so please contact us for a simple no nonsense approach to financial advice. All costs will be discussed at our first FREE meeting and we can work on a fee or commission basis to suit you. We can meet you in either of our offices in Hereford or Bromyard or come and see you at home or your place of work.

Whether you are buying a new home, or re-mortgaging you existing home, it pays to look around and see what is available. Compass Financial Services Ltd are Independent Advisers, and as such have access to literally thousands of mortgages, and hundreds of mortgage providers. Contact us for a no obligation initial chat.

The Equity Release market is growing at a fast rate and more and more lenders are offering Equity Release. However, they are not all offering the same thing and they vary between: -
  • At what age can you start Equity Release
  • How much can you borrow
  • What is the rate of interest
  • What are the set-up costs
  • What are the redemption penalties

They will also not give you advise on whether or not you are doing the right thing. They start from the assumption that you have made your mind up and want to go ahead. We tailor our advice to suit your needs. To discuss Equity Release in more detail please contact us.

The starting point for any Investments is to know what your attitude to risk is. The basic rule is the riskier the investment, then the more POTENTIAL for growing your money or losing your money. Even if you don’t like taking risks, then you can still make investments where your worse case is getting your money back (capital protected) or look to invest in cash ISA's where you can get a good rate of interest and the money grows tax free.

There seems to be a lot of confusion about pensions and how they work, with people either not saving for their retirement or preferring to invest in property rather than a pension.
To allow you to understand how effective a pension can be, look at the following example: -
Mr Smith contributes £78 per month into a pension. It is invested in a very cautious fund (see investments) and at the end of the year the fund has not grown at all. What is the value of Mr Smith’s pension now? Answer: £100, as the Government puts £22 into Mr Smith’s pension by way of a tax rebate – this applies even if you do not pay any tax! Even if the fund does not perform, the tax rebate the Government gives you is the equivalent of an annual growth of 28%. If your Financial Adviser helped you select a fund that had even a modest growth then the growth would be even more. And if that was not enough, the fund will have special treatment so that it will be allowed to grow without being taxed, which is not the case with your buy-to-let property that will be subjected to capital gains tax.
To discuss your pension needs please contact us.
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