Wingate’s Discretionary Investment Portfolios: Taking the Burden off Trustees & Attorneys
Making suitable, appropriate, competitive and tax efficient investment decisions is a key challenge for all investors. Decisions need to be made on a wide range of issues including: Amount to invest Choice of contract Choice of contract provider Appropriate level of risk Possibly balancing the need for income and capital growth Selection of individual […]
The importance of assessing attitude to risk
We are all experiencing change at the moment, whether that is a change to the cost of living, change in legislation or a change in how we approach our attitude to risk. The latter may seem fairly low down the list of things to worry about at the moment but the ongoing assessment of someone’s […]
What is later life planning?
People seek financial advice with the general objective of securing their financial future. Some people have specific goals they want to achieve but most, if not all, want to make sure they have assets with which to live from in their retirement. This is easier for some than others but in all cases it is […]
How your pension can help leave a legacy
Did you know that pensions can be a fantastic inheritance tax planning tool? Due to changes in legislation your beneficiaries are able to ‘inherit your pension’ rather than receive a lump sum. This means your pension remains outside of your estate for inheritance tax purposes, your beneficiary is then able to pass on any residual […]
Planning for Later Life
I have read with interest the first release of data from the 2021 Census, this shows that now nearly a fifth (18.6% to be exact!) of the population of England and Wales are over 65. According to the ONS (Office of National Statistics) the life expectancy at age 65 is 18.5 years for males and […]
There is nothing wrong with being vulnerable…
I can imagine that no one wants to be called vulnerable, in truth it is not a very nice term as in some peoples’ eyes it projects weakness and an inability to think and act for oneself. Individuals associate vulnerability with those in ‘later life’ who may be in need of care, people who may […]
How much can I afford to spend in retirement?
I read with interest an article about individuals spending habits as they move through their ‘retirement years’. The article states that as people move towards their 80’s their spending can increase and, as a specialist adviser in later life planning, this is something I have witnessed first hand. When talking to clients about their plans […]
What is the Lifetime Allowance?
Whilst there is no limit on the benefits an individual can receive or accrue in a pension, there is an allowance above which a tax charge is payable. This is known as the Lifetime Allowance (LTA). In summary the LTA is the maximum amount that can be accumulated in all pension plans without incurring a […]
The one constant in life is change…
As part of my role I see a variety of how well organised people are when it comes to their finances, this ranges from the individuals who have all information in the most comprehensive spreadsheet they can to those that attend meetings with some notes scribbled down. There is of course no right or wrong […]
Can I make a gift when acting under a Power of Attorney?
The simple answer to this question is ‘yes’ but there are limits as to who gifts can be made to and the amounts. First of all it is important to consider what a gift is, this does not just comprise of giving the individuals money or possessions to another person. A gift can also include […]
