The sports and media show with Peter Fairchild and Ed Duah
Our sports and media podcast series hosted by Peter Fairchild our tax partner and head of our sports, media and entertainment group and Ed Duah, former football player and now football adviser, will provide you with information on various topics that will affect sports and media professionals in all stages of their career, including Insurance, image rights, legal matters, tax liability, wealth planning, and preparing for life after sport or entertainment.
Unlike other professions, the sports, media and entertainment industry is volatile, with sports professionals in particular facing a limited earning capacity due to the average length of their career, compared to those who will work for a longer period of time. For example a professional footballer may have a maximum of 10 years at the height of their career, compared to an office worker who can work into their 60’s earning a steady income. An office worker could have a couple of difficult years with their financial planning and it wouldn’t make too much difference to their finances in retirement. Whereas for the sports professional, any gaps in their 10 year career, or poor financial planning during the high earning years, could make a huge difference to their retirement plan.
The main focus of this series is designed to stress the importance of having the right plan and structure in place early on, understanding your earning capacity and what you should be doing with your money, especially at a young age when vast amounts of money could be coming in and the idea of retirement feels like a long way away. It’s vital to work closely with trusted professional advisers who can make sure you prepare for life now and in the future, and who can ensure your money will work hard for you during and after your career.
This episode was recorded on 16/12/2019
This S&W The Pulse podcast is of a general nature and is not a substitute for professional advice. No responsibility can be accepted for the consequences of any action taken or refrained from as a result of what is said. The views expressed are not necessarily those of the presenter or of Smith & Williamson or any of its affiliates. No reproduction of this podcast may be made in whole or in part for professional or recreational purposes. No action should be taken based on this podcast and we accept no liability if we change your views on any of the subjects mentioned.
Please remember the value of investments and the income from them can fall as well as rise and investors may not receive back the original amount invested. Past performance is not a guide to future performance.
The Pulse from Smith & Williamson
Sports & Media Show: The sports and media show with Peter Fairchild and Ed Duah
Broadcast on Smith & Williamson at 09:00, 16th of DECEMBER 2019
Available online from 10:00 on the same day .