{"id":3960,"date":"2024-04-16T10:51:58","date_gmt":"2024-04-16T10:51:58","guid":{"rendered":"https:\/\/www.pinnaclewealth.co.uk\/?page_id=3960"},"modified":"2026-04-15T13:16:40","modified_gmt":"2026-04-15T13:16:40","slug":"what-is-the-true-cost-of-doing-nothing","status":"publish","type":"page","link":"https:\/\/www.pinnaclewealth.co.uk\/2026-development\/?page_id=3960","title":{"rendered":"What is the true cost of doing nothing?"},"content":{"rendered":"\t\t
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What is the true cost of doing nothing?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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Not taking a proactive approach to your finances can be an expensive business. At Pinnacle, we are dedicated to helping our clients grow and protect their wealth to achieve the life they want.<\/em><\/p>

Don\u2019t let the cost of inaction jeopardise everything you aspire to.<\/strong><\/em><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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The cost of denial\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t
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There is a high cost for denying that ill health or tragedy could strike your family and affect your lifestyle.<\/p>

This is not a very cheerful statistic, but unfortunately it\u2019s true.<\/p>

Don\u2019t risk your financial stability and current lifestyle, prepare yourself for life\u2019s uncertainties.<\/strong><\/p>

Please note that these plans do not have a cash-in value and will stop if payments to them cease.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tDo you need critical illness cover? <\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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The cost of delay<\/h3>\t\t\t\t<\/div>\n\t\t\t\t
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What happens if we don\u2019t set our wealth to work? If cash is just kept in the bank, you won\u2019t be taking advantage of the many investment opportunities available which have the potential to produce a greater-than-inflation return. For example, see what could happen if you delay your pension by ten years.<\/p>

Every ten-year delay in starting to save could potentially wipe out approximately half of your fund growth.<\/p>

Give your money more time to grow and benefit from compounding returns. The longer your money is invested, the more it can accumulate over time.<\/p>

Don\u2019t pay the cost of delay, harness the power of compound interest and protect your future lifestyle<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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The value of an investment with St. James\u2019s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested. An investment in equities does not provide the security of capital associated with a deposit account with a bank or building society. However, please bear in mind that over the long-term inflation will erode the purchasing power of your capital.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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The cost of not talking<\/h3>\t\t\t\t<\/div>\n\t\t\t\t
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What happens if you don\u2019t brooch the subject of money with your loved ones or elderly family members? Their legacy is at risk. Inheritance tax is often referred to as a tax on inertia. We know it\u2019s an awkward conversation, but so important.<\/p>

Otherwise, you could be paying a very high cost for not talking to your family about legacy planning.<\/strong><\/p>

The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax relief depends on individual circumstances.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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\n\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tfind out more<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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That's why we all need a LifePlan<\/h3>\t\t\t\t<\/div>\n\t\t\t\t
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A consultation with a Pinnacle Adviser means you can explore the power of taking a proactive approach to your financial plans. Leave nothing to chance.<\/p>

Don\u2019t pay the cost of doing nothing.<\/strong><\/p>

Explore your goals and aspirations and see them brought to life in the Pinnacle LifePlan \u2013 the comprehensive, multi-dimensional strategy that is built by our experts for how you want your life to look. Explore the \u2018what-ifs\u2019 in your life and see the effect of significant decisions on your wealth.<\/p>

Pinnacle LifePlan gives you peace of mind.<\/strong><\/p>

The combination of your ambition and our expertise will set your wealth to work over your lifetime.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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The value of advice: +2% per year<\/h3>\t\t\t\t<\/div>\n\t\t\t\t
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According to independent analysis the value of professional financial advice amounts to an additional 2% per year.<\/p>

This is based on comparing annual returns for St. James\u2019s Place clients against those who managed their own investments. The research by Numis Securities, which covered all clients\u2019 SJP pension investments, found that between June 2010 and June 2020 the average growth achieved was 7.7% pa. By comparison, the same exercise for pension clients of a large firm where investments usually make their own investment decisions achieved an average of 5.5% pa over the same period.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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What does this really mean?<\/h4>

\u00a3100,000 invested under the guidance of an expert Financial Adviser at the start of the period would now be worth on average \u00a3210,000 by the end*.<\/p>

\u00a3100,000 invested by a non-advised client on average grew to \u00a3171,000 over the ten years. This analysis didn\u2019t include any tax benefits from advice. Past performance is not indicative of future performance.<\/p>

*Numis Securities Research, Sept 2020<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Hear from one of our clients<\/h3>\t\t\t\t<\/div>\n\t\t\t\t
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\u201cMy wife and I refer to our LifePlan all the time as our guide on financial decisions and the effect they will have on our lifestyle long-term. We couldn\u2019t manage without it.\u201d<\/p>

Paul, Private client<\/strong><\/p>

Change the trajectory of your life and that of your family with a Pinnacle LifePlan.<\/strong><\/p><\/div><\/div><\/div><\/div><\/section>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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