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Albert Einstein is reputed to have said:
"The most powerful force in the universe is
When we are asked to advise our clients on their hard-earned savings and investments, there are a number of important things we establish.
We ask these questions to help us clearly understand your aims and objectives and the amount of risk, if any, you are prepared to take with your investment. We can then make a personalised and tailored recommendation for your consideration.
The value of the investment can go down as well as up and you may not get back as much as you put in.
ISAs (Individual Savings Accounts)
ISAs are tax-efficient savings vehicles. Growth is free of capital gains tax and any income withdrawn is free of income tax. ISAs are available for both cash and equity investments.
Unit Trusts, Investment Trusts and Open Ended Investment Companies (OEICs) allow clients to invest in a vast range of assets. They are not tax-free, but annual allowances are available to mitigate any capital gains tax (CTG) liability.
Some collectives are high risk investments so it is important to seek professional, independent advice, which can be provided by one of our specialists.
On- and Off-shore Investment Bonds
These are actually single premium life assurance contracts - although the life cover is minimal. This means that they offer certain tax benefits and are often used as trustee investments.
Switching between investment funds within an investment bond is usually free of charge and does not trigger a tax charge.
Regular withdrawals of up to 5% of the amount invested are not immediately taxable, although in some circumstances they may increase the tax payable when the bond is finally encashed.
The rules are complex so it is important that professional advice is sought.
National Savings, Friendly Societies, Premium Bonds
There ia a large range of savings opportunities available that we are able to advise on.