Simplify Your Annual Review

Everything you need to KNOW

What is the purpose of an annual review?

10 Things To Review

1. Paperwork
   • filing, shredding, checking up to date
2. Cashflow/Income
   • Is income being paid correctly, tax codes correct, rents, interest, dividends
3. Calendar
   • What’s coming up in the next 12 months, next 2-5 years
4. Budget
   • Are you still in control of spending? Can you economise? Utilities, insurances – review
   • Big costs coming up
5. Savings Rate
   • Are you still saving at a good rate? Fallen behind?
6. Savings Split
   • Between you as a couple, if appropriate
   • Between accounts
7. Portfolio
   • Portfolio Review Checklist
8. Protection
   • Level and type of cover – still right for your needs?
9. To-Do-List
   • In light of the above, what actions do you need to take?
10. Priorities
    • Setting the compass for the coming year(s) – what is it all for?

So, how can we simplify all that?

Everything you need to DO

1. Divide and conquer
2. Set aside the time
3. Keep a very good filing system
4. Keep it in its place

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