2022 has started with a focus on high inflation and central bank interest rate policy grabbing the headlines. This has come hand-in-hand with some heightened volatility in financial markets and the reversal of some of the market trends seen throughout the coronavirus pandemic. This backdrop will likely see new tests of individuals’ financial resilience and highlights the importance of taking stock of your finances.

As ever, we believe a disciplined approach to ensuring that long-term financial goals are well planned for is most effective.  It is also important to ensure that upcoming events in the short-term, such as the end of the tax year, are not missed.

To help you plan ahead for 2022, here are our top recommended financial planning and investment areas you should focus on:

Use your allowances

The proactive use of basic allowances can be extremely powerful in helping to grow your wealth.  A few of these allowances are noted below:

(i) Pensions

Since the 2020/21 tax year, the highest of earners are now only able to make contributions of £4,000 p.a. However, many will be able to contribute much more under the standard allowance. With several changes having been made to pension allowances in recent years, it is worth reviewing your entitlement (including any carried forward allowance) closely – further detail can be found in our ‘Pension contribution planning – why it pays to plan ahead for high earners’ article.

(ii) ISAs (including Lifetime ISAs)

You can put aside up to £20,000 into an ISA during the 2021/22 tax year and pay no income or capital gains tax on your investments.  For those eligible, £4,000 of this allowance can be allocated to a Lifetime ISA and benefit from a £1,000 government bonus.  Junior ISAs are also worthwhile to consider as part of your wider-family planning.

(iii) Capital Gains Tax (CGT) exemptions

At present, any gains on investments held directly (i.e. not within an ISA, pension or other tax wrapper) are liable to CGT, with an annual exemption of £12,300 of realised gains each tax year before CGT applies.


Think strategically and understand the underlying exposures.  If you have particular concerns, whether that be higher inflation, rising interest rates or geopolitical risks amongst others, carefully consider whether changes to your portfolio are providing additional protection in the manner you intend.

Consider Responsible Investing

Increasingly, investors are looking for a ‘holistic’ return, whereby strong financial returns are accompanied with making a positive impact in terms of Environmental, Social or Governance outcomes (ESG), without compromising financial returns. Towards the end of 2020, we launched our Responsible Investing portfolios and further information of this can be found in our Responsible Investing Brochure.

Long-term Planning

We consider the following fundamental questions for effective long-term financial planning:

If you’re unsure of the answers to any of the questions above and would like to get clarity on your current and future financial position, we’re here to help. 

Contact us

If you would like further information about our services or would like to arrange a complimentary, obligation-free telephone conversation or meeting to discuss your requirements, please contact us.