It's never too early to start planning your retirement and it doesn't just have to be focused on traditional pensions. The pension freedom legislation introduced in 2015 has created a revolution in retirement planning, introducing more choice and flexibility than ever before, and we will help you navigate through these options so you have a plan that allows you to achieve your dreams in retirement. If retirement is now on your radar we have significant experience on how best to fund these years by taking advantage of all the tax breaks available and using a range of solutions to maximise your savings and draw an income in the most tax efficient manner.
Protecting both yourself and your estate is vital and needs careful consideration. Ensuring that your family is provided for in the unfortunate event of death or illness, is key for your financial well-being now and for the future. Getting the right advice and solutions can ensure your family can survive financially should you die or if you are unable to work for a period of time.
With the correct advice, investments can offer opportunities to grow your wealth and protect it against inflation in a tax efficient manner. But, with a multitude of solutions available, how can you be sure that you are making the right decisions? Whatever your objectives, we will work with you to design an investment portfolio to take you closer to them. At all stages we will only make recommendations that you are comfortable with and where we have done our own thorough due diligence so you can be sure your hard-earned money is in safe hands.
Inheritance Tax used to principally be the concern of the wealthy, but the reality is that more and more people could now be subject to a potential Inheritance Tax liability. There also seem to be continual rumours about changes to the Inheritance Tax rules. Considering how you can protect your estate for your future generations is more important than ever. We have helped many clients with complex needs limit their potential liability for Inheritance Tax using sophisticated financial planning solutions tailored to their personal circumstances.
Tax planning is the process of arranging your affairs to minimise a tax liability. There is a wide range of reliefs and provisions available to legitimately reduce a tax liability without straying into the rather more challenging area known as tax avoidance or evasion. Utilising available reliefs with your pensions and investments helps ensure that you receive the maximum return available on your invested funds. There are many different strategies that can be considered, whether it is understanding the interactions of Lifetime and Annual Allowances for pension tax relief or the generous income and capital gains reliefs that can be available for Venture Capital Trust and Enterprise Investment Scheme investors.
The number of elderly people requiring care, either residential or in their own home, is increasing. The demand is already significant and, with people living longer and the quality of medical care improving, this looks set to increase dramatically. Despite this being one of the most expensive events in a person's life, the number of people who actually get financial advice about it is very small. Yet the need for that advice is acute. An individual's financial situation affects the standard of care they receive but can also make the difference between depleting their assets and being able to leave an inheritance behind. We work with you and your family to build a plan focused around your needs and preferences.
This isn't an investment vehicle or financial planning solution in itself, but the technology we can use to place and then manage your financial planning solutions and investments on an ongoing basis. An online Investment Platform includes various 'tax wrappers' such as pensions and ISAs, to provide tax efficiency, and through which you can invest in a range of underlying funds or Model Portfolio Services. The Platform administers the investments and enables any required changes to be made quickly and efficiently. If you wish, you can view your investments 24/7 through a secure password-protected portal.
