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You can contact us on 01633 859555 or [email protected]. Initial meeting is free of charge.

1. Introduction

As a young player who has recently earned your first contract, you are likely to need financial education on how to better understand your finances as well as learning about the options available to start saving. In this stage, we consider the following:

Financial Education

Once you have started earning a salary you will need to understand the amount of tax you pay and how this is broken down on your PAYE slip. We will look at what your tax code means to you and how your salary is graded into certain tax bands. This is also a good time to start looking at building up your credit rating for the possibility of needing credit or mortgages in the future.

Bank Accounts

If you don’t already have a bank account we can show you the many options available and find what best suits your needs. There are now the options of online only banks which have the advantages of instant access and intelligent app features for your phone.

Agent Fees

You may have an agent by now and we can teach you how agent fees work and in what ways they can be paid. This could be a taxable benefit in kind or one off payment by the player.


Now that you know how much money you will be receiving each month we can start to look at what you spend it on. This will be broken down into two categories of essentials and luxury spending. Using a budget sheet we will be able to show the amount of disposable income available and how best you can use that to benefit your future plans.

Help2Buy ISA

Although you might not be looking to buy a house straight away the earlier you can start saving the better. The government has an incentivised tax free investment scheme on which they will add 25% of any money you invest up to a maximum government bonus of £3000.

Note: Help2Buy ISA's are being replaced with Lifetime ISAs

You'll be able to open a Help2Buy ISA until 30th November 2019. After that date they won't be available to new savers anymore - but if you opened your Help2Buy ISA before then you can keep saving into your account until 30th November 2029 when accounts will close to additional contributions.
You must claim your bonus by 1st December 2030.


There are many types of mortgages and rates available on the market. We will be looking at the options available to professional sportsmen/women, as there can be a smaller market available due to the unpredictable nature of a career in sport.

Please note: your home may be repossessed if you do not keep up repayments on your mortgage.

View fees You can contact us on 01633 859555 or [email protected]. Initial meeting is free of charge.
Chartered Financial Planners
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