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Financial planning checklist

10 March 2020

4 min read

Financial planning checklist

In view of the current government imposed working from home and social distancing rules which apply to many of us we may be looking for ways to usefully use our time. As a result this could be a good to invest in some financial housekeeping? Here are some ideas and how we might be able to help.

Katharine Lindley
Katharine Lindley,

Head of Advice & Chartered Financial Planner

As we get to grips with the restrictions being imposed on all of us and we all adapt to working from home (or simply not being able to go about our normal lives) it is important to make sure you are aware we at EQ are still here and available to help you.

Having a financial plan provides a foundation for making key decisions about your money. And you can avoid irrational decisions during times of stress if you have a plan to refer back to.

If not, we can help you decide whether to use this as a cash ISA or investment ISA. Is this a time to be cautious or adventurous? Do you want to hold in cash in the short term until you feel markets are clearer, do you see this as an opportunity or should any new investments be phased in?

If so, you could be impacted by the annual allowance taper – do you know if you’re affected? Announced in the budget were changes for the 2020/21 tax year. Would you like to discuss these?

There are various comparison websites which can be used to find out whether you can reduce your energy costs and possibly switch to a renewable energy only tariff (at no increased cost).

With base rate cut again last week could this be a time to look again? We can introduce you to a broker who may be able to help you find the best rate for you.

Interest rates are falling and now may be a time to check if you can get a better rate than your current savings account.

With increasing strain on businesses including banks now could be a good time to check with us the extent to which you are covered by the FSCS and what action you can take to improve your protection.

Even if your wishes haven’t changed it might be a good time to complete a new record. If the declaration held by your pension provider is more than a few years old they may need to ask more questions to check it remains in line with your wishes before paying out.

Is it the right amount, not too much, not too little? Is it the right type of cover?

Are the right people going to receive the right support at the right time tax efficiently?

If family and friends need help this may be a way you can offer them some help.

Check your direct debits, do you know what they are all for? Are there things you are paying for every month and no longer using?

Contact us

We may not be in our physical office but we haven’t gone anywhere and we remain available:

  • for phone calls on all our usual phone numbers
  • for emails
  • for video calls/group meetings
  • for letters and paperwork by post.

Alternatively, please feel free to give us a call on 020 7488 7110 or email us at and we’ll be happy to help.


Katharine Lindley

Katharine Lindley

Head of Advice & Chartered Financial Planner

Katharine started her career in 1998 in PwC’s financial planning team. She joined EQ Investors from Tilney Bestinvest where she worked closely with investment managers and professional advisers to deliver cohesive financial plans for clients. Katharine’s areas of expertise are wealth management, retirement planning and pensions, investments, estate planning and tax planning. She is a Chartered Financial Planner, Certified Financial Planner, Taxation Technician Fellow and Chartered Tax Adviser. Away from the office, Katharine enjoys spending time with family, gardening, theatre and is learning the piano after a 30 year break. Katharine is a charitable trustee of the Association of Taxation Technicians and represents them on technical pension discussions with HMRC and HM Treasury.


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