Financial planning not only involves finding tax-effective strategies for running or managing your finances but also involves how you plan to sell investments, exit a business or make your savings last to enjoy a secure and comfortable retirement. It is never too early to start planning for your retirement, however, working out how much you will need to retire on can be complicated. At Peter Radford Tax, accounting and tax agents, we help clients set up and put their retirement plans into action.
When checking through your transactions, you might come across a transaction that doesn’t look right. If this is the case, you should get into contact with your bank as soon as possible.Â
An unauthorised transaction: Money transferred from your account without your permission
A mistaken transaction: Paying the wrong person by using the wrong details
Here are the signs to look out for to identify unauthorised or mistaken transactions:
Persons or companies whose names you do not know
Cash withdrawal from a place you have never beenÂ
Transaction date you don’t recognise
Payment that has doubled up
But keep in mind:
Transactions can take days to show up – they are not always immediate
Name of a shop or restaurant might not match the bank statement (they may have a different trading name which you can verify online)
