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Use A Ten-Point Annual Review Checklist
- Use a 10-point checklist covering paperwork, cash flow, calendar, budget, savings, portfolio, protection, to-dos and priorities for your annual review.
- Work through each item methodically so you spot errors and required actions before they become problems.
Payroll Mistakes Illustrate Cashflow Risk
- Pete recounts payroll mistakes: paying a departed employee and missing a return-from-maternity payment.
- Mistakes happen, so regular cashflow checks catch payroll and income errors early.
Manage Your Savings Rate And Account Mix
- Monitor your savings rate (percentage of take-home pay) and adjust contributions when your income changes.
- Choose the right account mix (pension vs ISA) and consider which partner should contribute where for tax efficiency.