What is the true cost of doing nothing?

Not taking a proactive approach to your finances can be an expensive business.

As well as your cash losing real value due to the effects of inflation, if it’s just kept in the bank you won’t be taking advantage of the many investment opportunities available which may produce a greater-than-inflation return.

For example, see what happens when you delay your pension by ten years.

Every ten-year delay in starting to save could potentially wipe out approximately half of your fund growth.
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.
Don’t pay the cost of delay, harness the power of compound interest and protect your future lifestyle

There is a high cost too for denying that ill health or tragedy could strike your family and affect your lifestyle.

This is not a very cheerful statistic, but unfortunately it’s true.
Don’t risk your financial stability and current lifestyle, prepare yourself for life’s uncertainties.

What happens if you don’t 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. Here’s why…

We know it’s an awkward conversation, but so important. Otherwise, you could be paying a very high cost for not talking to your family about legacy planning.

Take a look at Mike’s situation

Here you can see the difference of when our fictitious client Mike takes advice and when he doesn’t.
On the left, he saves but doesn’t make the most of available products or diversifying his portfolio. He also doesn’t challenge his workplace benefits.
On the right hand side, he takes advantage of specialist advice and the Pinnacle LifePlan, utilising investment wrappers and products, upgrading his pension and workplace benefits to optimise his wealth and give him the funds he needs for his future aspirations.
You can see here, that without guidance, he is on track to have a shortfall at xxxx.


Without diversification, his investment portfolio is exposed to greater risk.


Although he is building savings to buy a second property in ten years time, he is not making the most of tax efficient investment wrappers.


Mike has not made any adjustments to his workplace pension. By bringing his old workplace pensions together and opening a private one, he has improved his chances of retiring early.

If you would like one of our Advisers to take you through our example here or see your own financial situation in our Pinnacle LifePlan please contact us here info@pinnaclewealth.co.uk


“My 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’t manage without it.”
Paul, Private client


Change the trajectory of your life and that of your family.

The value of an investment with St. James’s Place will be directly linked to the performance
of the funds selected and may fall as well as rise. You may get back less than you invested.

The levels and bases of taxation, and reliefs from taxation, can change at any time and are
generally dependent on individual circumstances.


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