Financial Services

To protect you and your loved ones

Insurance, Investments, Pensions and Estate Planning

You may wonder why, as an Accountant, I am writing and talking to clients about financial services such as Insurance, Investments, Pensions and Estate Planning. But have you considered these from the viewpoint of your business?

What would happen to your business if something were to happen to you?

There have been a number of horror stories from clients I have dealt with over the years resulting from the death or critical illness of the main proprietor. These could have been avoided if the right protection had been put in place.

I don’t want that to happen to any of my clients.

Providing financial advice requires specialist knowledge. That’s why I have joined forces with 2 advisors to provide a range of financial services. Helping my clients to avoid financial difficulty, to protect their loved ones and give them peace of mind.

And as these are advisors that I have used personally I know they will deliver the advice and service that I want and expect my clients to receive.

Insurance, Pensions and Investments

Did you know you can claim tax relief on Life Insurance through your business if correctly set up? Are you aware of the tax advantages of Pension contributions made by your business?

Paul Price, Brereton Jackson Financial, will provide a free personal and corporate review, including cashflow modelling to assess your current and future position and provide advice accordingly.

Pension contributions made through your company can attract corporation tax relief of up to 19%, dependant upon the company’s tax position. So a £1,000 contribution will cost you only £810! And there’s no benefit in kind to worry about.

Relevant life insurance paid through your company can lead to significant savings. The table below gives an example for a 40% tax payer, who can save up to 49% on the effective cost of premiums. Lower rate taxpayers would also make a saving.

Relevant Life Cover example
Contribution
Employee income tax (40%)
Employee's NI contribution (2%)
Employer's NI contribution (13.8%)
Gross cost to employer
Corporation tax relief (19%)
Net cost to employer
Employee-owned plan
£1,000
£690
£34
£238
£1,962
(£372)
£1,590
Employer-owned plan
£1,000
£0
£0
£0
£1.000
(£190)
£810

Key Advice Services

  • Pension planning reviews and consolidation
  • Investment and tax planning
  • Estate and IHT planning
  • Free Trust service
  • Business owners exit strategies and tax mitigation
  • Corporate benefit packages for SMEs
  • Cash Management and Mortgages
  • A holistic Private Client Proposition for Higher net worth clients

I believe in planning ahead, even if that is planning for the worst. It is important to protect you and your loved ones both now and in the future. And by planning correctly you can make some tax and cost savings too. So why not take advantage of a free, no obligation review?

Wills and Estate Planning

Around 55% of adults in the UK have not got a will in place. I find this to be a remarkable statistic.

There are so many advantages to writing a will, including the possibility of cutting your inheritance tax bill. It enables you to control where your assets go, it minimises stress for loved ones at an already difficult time, and reduces the chances of disputes amongst other things.

Even if you have a will in place it may not provide and inheritance and protection to your loved ones that you intended. In ever increasing cases of family disputes, divorces and second families making sure your assets are passed to the right beneficiaries is vital.

For example, I once dealt with a client who died suddenly with assets of over £2m. He left a will, but it was not well written. The family were still in dispute about it 10 years later and had racked up nearly £200,000 of legal and executor’s bills, as well as having the biggest fall-out you could imagine. Was it worth it?

Several other clients have died without a will (this all makes me sound like the prophet of doom, I know) and left the family in a legal battle to sort out the estate. In one case a large proportion of his pension was lost because the family could not agree in time.

The financial and emotional stress can be enormous if the planning is not done well.

That is why I have teamed up with James Scurfield of Scurfield and Associates. Like Paul he will provide a free no obligation consultation.

“We are proud to work alongside Guida Accountancy as their legal arm providing free advice and reviews for any clients that currently don’t have a will, have an existing will, may require an update and/or want to know more about estate planning and how to ring fence assets for loved ones and future generations.

We are passionate and feel it is vitally important to ensure you and your loved ones are protected now and in the future. We are aware that sadly people do pass away which may or may not be expected and potentially their wishes may never be met. We also witness not only the financial impact of this but also the emotional impact left for loved ones.

The good news is, by putting something in place you can take control of where and who you want assets to pass to.

We help families with children under 18 by legally appointing Guardians so the children don’t end up in foster care, we protect against any children with disabilities to ensure their allowances aren’t stopped, we protect step children who don’t inherit without a will, we protect against the Government taking 40% in inheritance tax, we protect against married after death, we protect against half of your estate being lost to adult children in the future who subsequently get divorced and your wealth is lost in their divorce settlement and so much more.

Please feel free to contact me with some suitable days and times, we can then have a meaningful conversation, get to know you and the family, an overview of your estate and find out what your wishes are now and in the future.

We can then provide options that are available and also discuss the potential third party threats that you may or may not know about.

All of these services are of no cost or obligation to you. We feel the more people know about this the better for them and their family”.

I am delighted to be able to team up with Paul and James. They can help protect you, your business and your loved ones and that is very important to me. And I know they provide the advice and service that I expect. 

Remember both Paul and James offer a free, no obligation chat to talk through your circumstances and wishes.

Please contact me if you would like to discuss these services with me. 

We strive to make our clients happy

So, let's be happy together

John Lawrence FCA member of nstitute of Chartered Accountants England and Wales