Managing Your Wealth

Generating Income

You have finished saving and are looking to use your assets- pensions, investments or property- to start supplementing your income. You could be fully retired or just easing up or even launching into a new later-life career and need to top up your earnings. Whatever the reason the key concern is making sure your investments don’t run out before you need them to. We are all living longer so the challenge is making sure we can afford to live longer

"Choices- so do you take a safe route and buy an annuity or guaranteed investment even though the rates are at all-time lows or do you take a more adventurous route and invest or use your new pension freedoms and have more flexibility in when and how you get that income. Where do you invest? How do you protect your funds and income, even when the market drops?"

The worst performing funds vs the best performing funds- do you know the difference? Fund Managers spend years learning their trade and we spend years figuring out how to pick them.

Growing Your Capital

You have managed to save a very nice nest egg, either from a pension pot, hard earned savings over many years or have received an inheritance. You have some choices, do you leave it in the bank and see it erode just because of inflation and further still because you keep finding excuses to spend it? Or do you invest it and get it growing more than inflation and secure your future spending needs or a bit of both?

Choices- do you need cash savings, protected funds, specialist products or good managed funds and portfolios, ISAs, unit trusts, investment bonds? Do you need access? Will you have to pay tax? Should you look at passive or actively managed investment strategies. Sounds scary- but it honestly isn’t, once you have someone to guide you through it.

The key to capital growth is balancing risk and reward, selecting appropriate time horizons, picking the best investments and avoiding unnecessary tax. Our advice can help you win rather than lose out on these decisions.

Tax Planning

So if your investment returned £100 you would get £100 gross or with a tax free investment but for a taxed investment this would become £80 as a basic rate tax payer, £60 if you are a higher rate tax payer and £55 as an additional rate tax payer. What could you buy with that extra £40/45? Well what if it was £10,000? What could you buy with £4,000 or £4,500? What if the tax man actually gave you tax back as well?

This isn’t just about different types of investments but also about your tax position both now and in the future. Consider what capital gains tax allowances you can utilise, how to use your families allowances, how to use pensions to reduce your income tax. Are you eligible for Enterprise Investment Schemes (EIS) or Venture Capital Trusts (VCT)? It isn’t all for the faint-hearted but for the right person it can be hugely beneficial.

"You may be doing your own tax returns or using an accountant and we will happily work with you both to make the best of the opportunities available."

Key facts:
£100,000 invested in the best performing pension fund 5 years ago has now more than tripled in value to £318,360 as opposed to the worst performing fund where it is now worth just £77,450. Don’t let this go unchecked!
- Figures from trustnet 26/6/14

The Financial Conduct Authority does not regulate taxation advice.

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your family