精编【财务管理分析】个人财务与投资分析

【财务管理分析】个人财务

与投资分析

xxxx年xx月xx日

xxxxxxxx集团企业有限公司

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Suggestions on Andrew’s investment

1.Introduction

To have comfortable life, it is important for one to earn more, but no less is the right management of money, as acclaimed by Carlos (2009). Andrew is facing the problem of managing his money effectively, so this report is written to give him some suggestions. Before writing, the work of referring to the introduction of his situation and the checking of the internet for information of proper financial products and services has been done carefully.

As was written to illustrate the fact that how to schedule your finance and how to invest efficiently, this report is not only fit Andrew very well but will also be helpful for someone who is unfamiliar with financial services and products but want to manage their wealth more efficiency. The report firstly analyzed the financial structure of Andrew; in addition, It worked out the future financial needs of Andrew; then, It checked to find proper financial products or services mainly by internet; and finally, It come up with a conclusion which includes a series of financial products and services that fits Andrew well, also It helped him on how to deal with it effectively.

2.Analysis of financial services

2.1Current financial structure of Andrew

Table 1. Andrew’s financial structure

Form table 1 we can clearly know what Andrew has and how much are they to investment. The calculation of his assets and net income in detail

is as following:

As he has buy a personal pension for five years, and he does currently

pay 6% of his gross salary into it, so in total he has put $14400 into the

personal pension schedule.

According to the Tax relief on personal pensions, he ends up to have $ 18000 in his pension pot.

His assets include some ordinary shares of three companies, money in bank accounts and a flat.

The number of ordinary shares is as following:

Aberdeen Asset

30,000

Management

Prudential 6,000

Royal Bank of Scotland 60,000

Money in his current account is £1,800 and in his easy-access savings account is £5,000. The flat is a 2-bedroom flat near the centre of Edinburgh.

His debt is the mortgage of his flat to pay in five years.

He may pay tax include income tax and tax on saves and investments. According to the rule from the website of UK (2011), to calculate his tax on income, we should firstly calculate out the taxable income which is gross income of salaries and investment; then less debt and pension contributions, and lastly to find the right basic rate to do the final calculation. The process of calculation is illustrated as following, Andrew and calculates it out by himself with further information on his financial condition. He can also search for online help by visiting the website of HMRC Online Services.