Financial Planning for Solicitors and Barristers

Most solicitors and barristers are too busy working long hours to focus on their own personal financial planning needs.

At Kellands, we understand the unique challenges and circumstances faced by solicitors and barristers. Our financial planners and investment team are well qualified to give you expert advice, helping to make sure your money is working hard for you at all times.

Helping you.

The starting point is to gain an understanding of both where you are now and how your future finances could pan out. We start with a cash flow analysis of your current savings, income and outgoings, along with your future goals and plans, to show you what your future finances could look like. In this way, our financial planners can help to answer questions such as: how much income tax you may need to pay in the future; how much you can save each month; at what age you may be able to stop working; whether you can afford to pay for children’s school fees or house deposit; and what your Inheritance Tax bill might be.


It is also important to look to structure your finances as tax-efficiently as possible. There are a whole host of various tax allowances and rules, and busy people rarely have the time to ensure they are making the most of them. We can help you to structure your finances tax-efficiently and give you advice on all the available options – from paying into ISAs and pensions to using more complex, high-risk schemes.

We can also show you how much cash you may need to keep aside to settle your Income Tax bill each year.

Retirement planning can be a complex issue for barristers and solicitors. We can help you with both your overall retirement plans and with specifics such as calculating your annual allowance and making pension contributions; working out how much you can afford to pay into your pension; whether it makes sense to use alternative accounts, such as ISAs, to save for retirement; and measuring your pension against the lifetime allowance.

Investment planning will no doubt play a key role in your financial plans, and the performance of your investments can seriously affect how much money you will have in the future.

At Kellands, we offer investment management and investment advisory services, depending on how much involvement you would like with your investment decisions.

With both services, we will ensure you are invested in line with your individual goals, circumstances and attitude to investment risk.

Helping your clients

As well as providing lawyers and professional advisers with financial planning help and advice, we also work closely with many professional firms to help them with their clients.

This includes both individuals and businesses and covers a range of subjects such as investment strategies, pensions and divorce, inheritance tax planning and trust investment.


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