Product Knowledge | Ascot Wealth Management

February 6, 2019January 31, 2022

What to do with a sudden windfall

When you receive a sudden windfall of money from inheritance, a gift, or for some lucky individuals out there, winning, the extra cash creates an opportunity for you to improve your financial situation. There are several steps you can take to preserve your new found wealth and potentially set yourself up for life goals or early retirement.

Determine the tax implications

The very first step should be to consider the tax implications. Speak to your financial adviser to determine the most tax-efficient strategy.

Set up a FUNd (a small portion for fun!)

Set aside a small percentage for your enjoyment or entertainment. Generally this should not be more than 10-15% of the money.

Set up a Financial Plan

Before you make any big decisions, create a Financial Plan for this money. If you’ve already done this, consider updating your financial goals.

Create or update your Estate Plan

A sudden windfall is the perfect opportunity to review your Estate Plan to make sure that your money will be distributed exactly according to your wishes upon your death…and as tax efficiently as possible.

Create an Emergency Fund

An Emergency Fund is traditionally 3 – 6 months worth of your salary. This money should be put in a high yield savings account, and the money should only be accessed for true emergencies such as job loss or a medical emergency. Remember to always replenish it after you have dipped into your Emergency Fund.

Pay off or consider buying a house

If you don’t already own a home, this money may make an excellent deposit. If you purchase the house outright and have some funds remaining, consider investing the money you would’ve spent on regular mortgage payments elsewhere.

Speak to one of our financial advisers today to help you on your financial journey!

Ascot Wealth Management Limited is authorised and regulated by the Financial Conduct Authority reference 551744. Our registered office: Scotch Corner, London Road, Sunningdale, Ascot, Berkshire, SL5 0ER. Registered in England No. 7428363. www.old.ascotwm.com Unless otherwise stated, the information in this document was valid on 3rd February 2017. Not all the services and investments described are regulated by the Financial Conduct Authority (FCA). Tax, trust and company administration services are not authorised and regulated by the Financial Conduct Authority. The services described may not be suitable for all and you should seek appropriate advice. This document is not intended as an offer or solicitation for the purpose or sale of any financial instrument by Ascot Wealth Management Limited. The information and opinions expressed herein are considered valid at publication, but are subject to change without notice and their accuracy and completeness cannot be guaranteed. No part of this document may be reproduced in any manner without prior permission. © 2017 Ascot Wealth Management Ltd. Please note: This website uses cookies. To continue to use this website, you are giving consent to cookies being used.

January 21, 2019January 31, 2022

Tax Year End is Fast Approaching

Tax Year-End Planning

With tax year end fast approaching, it is time to capitalise on the government tax allowances
within various tax wrappers.

ISAs

The current tax free allowance for ISA investments is £20,000. There are now multiple ISAs
that you can contribute to. These are; Stocks and Shares ISA, Cash ISA, IFISA and Lifetime
ISA which all have slightly different qualifying rules. The £20,000 is a total allowance which
is accumulative across all ISAs. All of these ISAs benefit from a protected tax free wrapper,
meaning no tax on dividends, interest or growth within the account. Please speak to your
adviser should you wish to understand the options open to you with regards to ISA
contributions in this tax year.

Pension Contributions

Annual pension contributions are currently capped to your earned income to a limit of £40,000 gross*. Some individuals are
also eligible to make use of a piece of government legislation named ‘Carry Forward’ where
you can utilise previous unused annual allowance from the three previous tax years. All
pension contributions attract an immediate 20% government tax relief and more can be
claimed for higher and additional income tax payers. Due to ever changing legislation in the
pension market we recommend contributions are explored each year as part of a tax year
end exercise. Your financial adviser can provide a bespoke tax calculation on the benefits of
this for you, even if you are a non earner.
*This annual allowance is tapered down for high income earners.

Capital Gains Tax

Capital gains tax is tax on profit of an asset that has sold with a ‘gain’. The current capital
gains tax free allowance is £11,700 for individuals and £5,650 for trusts. Please speak to
your adviser if you would like to know more about your current capital gains position.

Dividend Tax

The current dividend tax free allowance is £2,000. The tax rate on dividends over your allowance depends on the income tax band that you are in. See below the break down of the tax rate on dividends for the respective tax band.

Tax Band Tax Rate on Dividends over your allowance

Basic Rate 7.5%

Higher Rate 32.5%

Additional rate 38.1%

Inheritance Tax

The current inheritance tax free threshold is £325,000 for individuals plus a potential
£125,000 in residents nil rate band*. One way to reduce potential inheritance tax liability is to
make use of your annual gifting allowance. The gifting current allowance is £3,000 per tax
year, however if you’ve not optimised this allowance in the previous tax year you can carry it
forward.
*Residents Nil Rate Band is only applicable to some individuals. Please speak to your
adviser for more information.

Junior ISA

Save up to £4,260 in a Junior ISA for your children under 18, living in the UK. There are 2 types of Junior ISA’s, A cash Junior ISA, you wont interest on the cash you save and a stocks and shares Junior ISA, your cash is invested and you wont pay tax on any capital growth or dividends you receive. Children are able to have one or both types of Junior ISA

Ascot Wealth Management Limited is authorised and regulated by the Financial Conduct Authority reference 551744. Our registered office: Scotch Corner, London Road, Sunningdale, Ascot, Berkshire, SL5 0ER. Registered in England No. 7428363. www.old.ascotwm.com Unless otherwise stated, the information in this document was valid on 3rd February 2017. Not all the services and investments described are regulated by the Financial Conduct Authority (FCA). Tax, trust and company administration services are not authorised and regulated by the Financial Conduct Authority. The services described may not be suitable for all and you should seek appropriate advice. This document is not intended as an offer or solicitation for the purpose or sale of any financial instrument by Ascot Wealth Management Limited. The information and opinions expressed herein are considered valid at publication, but are subject to change without notice and their accuracy and completeness cannot be guaranteed. No part of this document may be reproduced in any manner without prior permission. © 2019 Ascot Wealth Management Ltd. Please note: This website uses cookies. To continue to use this website, you are giving consent to cookies being used.

November 27, 2018January 31, 2022

Whatever your age…the importance of making an Annual Financial Plan

Whatever your age…the importance of making an
Annual Financial Plan

Even if you feel fairly confident about the way you’ve been handling your finances so far, understanding how you can use an annual financial plan to your advantage can help you make smarter decisions with your money going forward.

Your starting point may differ depending on your age, income, debts and assets – however the most important components of an annual financial plan are the same. This is what you need consider when making your annual financial plan:

Life Events

Reaching certain milestones, such as getting married or having a baby, are obvious reasons to reshape your financial plan. For example, a twenty-something my want to focus on saving for a deposit on a first home, while a young family may want to look into the future to save up for their children’s schooling or university.

Retirement and Investing

Actually, saving for retirement should be a top priority at any age; however, this gets pushed to the back burner far too often. By saving for your retirement in an ISA or a pension plan you can enjoy real tax advantages. If you’re not able to save in an employer-sponsored retirement account, a stocks and shares ISA is an option you can consider.

A general rule of thumb is a percentage of salary equal to half your current age if you want to have half your salary paid as a pension by your mid-60s.
A 20-year-old needs to save 10% a year, whereas someone starting to save at 50 would need to put aside 25% of earnings on a regular basis.

Read those two lines again… A bit daunting given other demands on income.

Saving for emergencies

Again the general rule of thumb for an emergency plan is 3-6 months worth of expenses in that ‘rainy-day-fund’. If you don’t have an emergency savings buffer yet – or yours isn’t as big as you’d like it to be – then starting one or beefing it up are items you should add your financial to-do list moving forward.

Work on building Alternative Income Streams

Developing an additional income stream for retirement beyond tax-advantaged and taxable investment accounts is a must. Investing in a rental property and becoming a landlord can provide regular income if you’re concerned about not saving enough for your later years. Looking for ways now to maximize your income later is a must.

Saving Goals

Your annual plan should include your outlook on the future – What do you want to accomplish in the next 12 months? With regards to what you want to save and where you should be putting that money. By starting with the total amount and then breaking it down in a monthly or weekly basis can make achieving your goal easier.

In Conclusion

Creating an annual financial plan may be time-consuming and may require you to face up to some financial realities that you’ve been avoiding, but it is well worth it in the end. Once your plan is completed, you can begin taking specific steps to ensure that your financial house is in order and running smoothly.

October 11, 2018January 31, 2022

Here’s how you should invest at every age

A number of studies have shown that people are not investing enough to retire comfortably. In a survey conducted by the Financial Conduct Authority it was found two-fifths of people have less than £5000 in their pension pot. This may mean that they will have to work longer than they initially planned in order to retire comfortably. It is especially the millennials that prove to be a bit gun-shy
when it comes to investing. This, however, comes as no surprise as they were rudely introduced to the world of investing during the 2008 financial crisis. The cohort theory compares them to individuals who came of age during the great depression. By starting to invest early you will accumulate more money and it will ensure that you retire on time. Meir Statman, a professor of finance and author of ‘Finance for Normal People’ said that taking a risk is not a luxury; it’s a necessity”. Once you’ve decided how much risk you can stomach, you need to start thinking about how to invest.

Best investment for your 30’s

If you’re in your 30’s, you have 30 years or more to profit from investments before you’re likely to retire. Temporary declines in stock prices won’t hurt you much as you will have years to regain your losses. You can now access your pensions at the age of 55, but it’s likely to go up by the time today’s 30 year-olds reach retirement age. With AWM, your money will be invested in a selection of funds, grouped together as a portfolio for diversification. These range from AWM 1, our lowest risk portfolio invested in cash, bonds and absolute return funds primarily to protect returns and collect a steady income and dividends, to AWM 5, our highest risk grouping mainly focused on equities from the UK to the US to some emerging markets. So no matter your risk appetite, there is an investment portfolio that will suit your fancy.

Best investment for your 40’s

If you’re late to the saving and investing party, now’s the time to consider some lifestyle trade-offs. Start by saving into your employer’s retirement plan if you haven’t already done so. If you’ve been investing in a Defined Contribution Scheme or any other pension scheme, it’s now time to review whether or not you will have enough saved by the time you reach retirement age. If it fits your risk appetite, try to allocate your assets more towards bonds and fixed investments now, than in your 30’s. Also ask your adviser about the Carry Forward legislation, you may be allowed to contribute more to your pension than the annual allowance.

Best investment for your 50’s

At this stage in life, you need to examine your future goals and explore your current and desired future lifestyle. Investigate your current income, projected income and tax situation. The result of your analysis will influence the best investments in your 50s. It’s now time to plan your additional Income Streams. We know it can be hard to navigate, speak to one of our advisers to help you.

Investment advice at any age

Once all your expenses are covered and you can afford to, try to contribute 10-15% of your salary, not just your employer’s contribution. This will help set you up for a secure financial future. If you want to contribute additional money for your retirement, you could consider contributing to an ISA. It’s a tax-free way to save or invest. With a cash or Stocks and Shares ISA, you can save up to £20,000 for the 2018/19 tax year. It has similar features to a savings account but the interest you earn is tax-free. Your Stocks and Shares ISA can contain a range of investments. Because they are held in an ISA any gains you make are tax-efficient. There are also further ranges of ISAs including IFISA, LISA with their own benefits. Ultimately, how you invest in each decade is dictated by the progress you’re making towards your financial goals. Every case is unique, so speak to your financial adviser and decide on a plan of action based on their advice.

Start investing as early as possible to secure your financial tomorrow.

August 15, 2018January 31, 2022

Two thirds of UK adults don’t have a will in place

Studies have shown that nearly two thirds of UK adults have not prepared a Will. Meaning possessions, money, property and even dependent children could be left with someone you have not chosen

Macmillan Cancer support, who conducted the study, has found that a shocking 42% of people over 55 don’t have a Will in place.

Furthermore, a poll suggested that 1.5 million British citizens may have unwittingly made their Will null and void by getting married as marriage automatically revokes a Will made prior to the nuptials.

One in ten people with Wills have acknowledged that they are planning to update their Wills to include children and grandchildren, but are yet to get round to it.

Several other possible errors were found to be common:

The Will still includes an ex-partner.
A new partner is not added to the Will.
Leaving in someone you “planned to remove”

Official guidance recommends that people review their Will every five years and after any major life changes, but a quarter of Wills have not been updated for at least five years.

Previous research from Macmillan found that people’s top reasons for not having a Will included them having “just never got round to it”, as well as the belief that they don’t have anything valuable to leave and that they don’t need to write one until they’re older.

This can be particularly important where:

you share a property with someone who is not your husband, wife or civil partner;
you wish to make provision for a dependant who is unable to care for themselves;
there are several family members who may make a claim on the Will, for example, a second wife or children from a first marriage;
your permanent home is not in the United Kingdom;
you are concerned about the possible impact of care fees;
Inheritance Tax could potentially be an issue for your estate;
you are a resident in the UK but there is overseas property involved; and
there is a business involved.

Make sure your Will is legally valid. Likewise check your parent’s or partner’s Wills are 100% up to date.
Ascot Estate Planning offers a FREE Will review to ensure your Will achieves everything you hope it does.

July 16, 2018January 31, 2022

Pension Planning – What are your options?

Pension planning is one of the most important, but forgotten, areas of estate planning.

When someone thinks about planning for the future to ensure their assets pass to their loved ones, the first thing they consider is ensuring they have a Will in place which is up-to-date and meets their wishes.

However, pensions fall outside of your estate and therefore do not pass via your Will meaning this planning doesn’t provide any structure of your intent for who should receive your pension.

Often, people’s pensions make up a large part of their total estate, but they are left with no nomination form or trust planning, so the pension provider makes the decision at the time of death as to how it is paid out.

Do you really want them to make those important decisions for you? They may not know about your close relationship with your godchild, or the sibling that you don’t get on with and wouldn’t want to receive it.

Even if you do have a nomination form in place, from the moment your spouse, child or other loved one takes a lump sum, that full value sits inside their name at risk of the following threats

If your spouse takes a lump sum

Marriage After Death (MAD):

This risk can affect the family in many ways. For example, say you passed away your spouse was to re-marry soon after when grieving and then realise it wasn’t what they wanted. On divorce, half of the funds could be lost. Alternatively, it may be a situation where the survivor meets someone else some time later and remarries. There would still be the risk that upon second death, their estate would pass to the partner (as the funds are now in their estate, and marriage revokes previous Wills). On the new partner’s own death, it’s likely they would leave it to their own children and it may never reach your children.

Care Home Fees:

If your spouse took funds into their name, and then needed to go into care, the funds would be taken into consideration and assessed for care fees.

Inheritance Tax:

Although the funds are Inheritance Tax free on your own death, if your spouse took funds into their name, they could end up paying Inheritance Tax on the funds when they die.

If your children take a lump sum

Divorce:

If either of your children were to get a divorce further down the line, half or more of the funds you left them could be lost to the ex-partner.

Future:

We all hope our chosen beneficiaries will do the right things and are ready to receive funds but when there are large sums involved however, you may wish to stagger the age at which funds become available, rather than the full amount being available to them at 18.

Bankruptcy or Creditors:

Again, assets taken could be lost if your beneficiaries ever got into financial difficulties. Again not always a common thing but in a world where beneficiaries may run their own business etc. it’s a risk that can simply be protected by the use of the Trusts we will recommend.

Inheritance Tax:

Although the funds are Inheritance Tax free on your own death, again if your children took funds into their name, they could end up paying Inheritance Tax on the funds when they die.

Pension Planning is a very complicated area but certainly something that you need to ensure you have thought about.

Please contact us on 01344 851 250 or enquiries@ascotep.com if you would like to discuss this further, or click the button below.

July 9, 2018January 31, 2022

Tax and Furnished Holiday Lets

With British Summer in full swing, many of us are thinking of our next holiday destination. Statistics show that 1 in 10 of us have a holiday home, often used for rental and family use. From the visitor’s perspective, a holiday home offers you familiarity, comfort and ease; but the owner is likely benefiting from the largely unknown tax benefits associated with Furnished Holiday Lettings (FHLs).

If you own a holiday home in the UK or European Economic Area that is furnished and commercially let, there may be tax advantages you’re not aware of.

Furnished Holiday Lets Advantages

The cost of furnishings can be offset against your pre-tax profit, potentially increasing your rentability (this isn’t an option for long-term rentals).
Any income generated via lettings is relevant earnings for the sake of pension contributions, meaning you could be saving more into a registered UK pension up to the annual income earned from your letting.
Profits can be distributed across all owners in the way you desire, as opposed to having to meet a 50:50 split on Land Registry basis for long term lets.
Selling the property opens up the opportunity of entrepreneur’s relief, roll-over relief and hold-over relief, all of which save you Capital Gains Tax.
Small Business Relief means you can save council tax

In showing the benefits of FHLs, it is important to note the downsides. Importantly losses cannot be offset against other taxable income. It’s not all bad news, and rather losses are just carried against future profits for the next four years. Secondly VAT may apply depending on the level of income.

So, does your property qualify?

If you answer yes to all of the below, you could be saving thousands in Tax

The property is furnished
Intention for profit
The property is available for 30 weeks of the year
Let commercially for 15 of those 30 weeks

Get in touch to find out how FHL regulation could benefit you.

July 2, 2018January 31, 2022

All you need to know about ISAs

What is an ISA?

An ISA (Individual Savings Account) is a tax-free way to save or invest. If you’re starting to think about saving or investing, ISAs could be a good place to start. On other savings accounts, you may have to pay income tax on the interest you earn. The interest on a cash ISA is free from tax, so all the interest you earn, you keep. In fact, these investments are often referred to as a ‘tax-free wrapper’. The
benefits can be used on a range of investment types, as shown below in the variety options you have access to.

Advantage of ISA

Tax advantages fall into two categories: capital gains tax and income tax benefits.

ISA Income Tax Benefits
In most situations, any income you earn, through wages, interest or dividends, is subject to income tax. However, that is not the case with ISAs. All of the money you earn on these savings vehicles is completely tax-free. Income tax benefits are just part of the equation when you are considering an ISA, however. The other advantage to these accounts is the capital gains tax benefits you can enjoy.
ISA Capital Gains Tax Benefits
Capital gains tax benefits specifically apply to Stocks and Shares ISAs. Most investment products are subject to a capital gains tax if the amount of earnings from your shares in a single year exceeds the set limit. This tax rule is waived for investments in ISAs, making them definitely worthwhile for those who plan to sell or make a a large gain.

Know your options

ISAs have evolved into five different shapes, Cash ISAs, Stocks & Shares ISAs, Innovative Finance ISAs, Lifetime ISAs and Junior ISAs. Clients should consider what their savings goals are before choosing their preferred self-investment vehicle, or by seeking financial advice.

Key facts:

The ISA allowance is £20,000 per annum for the 2018/19 tax year.
HMRC states you cannot contributue into two of the same ISA type in the same tax year.
All income and growth within your ISA is completely tax-free.
ISAs are taxable for inheritance tax unless they invest in qualifying investments for inheritance tax relief.

Types

Cash ISAs

Lets you manage your money like a typical savings account.
They could offer instant access or pay a fixed rate of interest over a few years if you don’t think you’ll need access to your savings.
Designed as low risk, no chance of loss products operating at a defined interest rate.
Interest rates align with the Bank of England base rate, so at present, offer very low interest.
Some ISAs allow you to lock in for a fixed term, thus increasing the interest payments.
Speak to us for the best rates.

Stocks & Shares ISAs

Your money is invested in the stock market.
They’re designed for people who are happy to invest over a long period of time and are looking for potentially higher returns. You need to accept risks that come with investing in the stock market.
The funds AWM would look to invest you in are low cost managed solutions to reduce fees where possible.

Innovative Finance ISA

Designed for sophisticated Peer to Peer lending.
This vehicle has been available since 6th April 2016, allowing investors tax-free gains on the capital invested.
The IFISA is designed for higher risk clients, as their capital is exposed to default risk or missed payments, as opposed to equity or fund based risk.
Due to the new nature of IFISA, we strongly suggest contacting us for more information.

Lifetime ISA

For those saving for a property, the Lifetime ISA (LISA) provides government bonuses for savers to get on the ladder.
Rather than being capped at £20,000, the LISA is capped at £4,000, however, this forms part of your £20,000 overall allowance.
For those who have already bought their first property, the LISA can be used as an additional retirement vehicle, but cannot be withdrawn until 60 years of age without penalties applying.
The LISA has an exit penalty if you’re withdrawing for any reason other than a first time purchase or before 60 years old. The only break of this rule is if one is terminally ill.
For each time you contribue into your LISA, the government will add 25%of your contribution.
A LISA can only be opened up to the age of 40 years old and if you contribute after you are 50 years old you will not receive the government bonus.
The LISA can be invested in either cash or stocks and shares.

Junior ISA

Act as long-term, tax-free savings accounts for children.
Your child must be under 18 and live in the UK.
If the child lives outside the UK, you must either be a Crown servant or the child depends on you for care.
You can’t have a Junior ISA as well as a Child Trust Fund.
The savings limit for Junior ISA for the 2018/2019 tax year is £4,260
You can invest into cash or stocks and shares.
Control of the account will be transferred to the child when they reach 16, but they can’t withdraw the money until they turn 18.

June 18, 2018January 31, 2022

AWM Tax Corner!

No Will…but there is a Way !

What is deed variation and how can it help reduce inheritance tax?

Amazingly over 60% of people in the UK don’t have a Will in place. Poor estate planning could result in the Government taking a sizable chunk out of the money you leave your loved ones. Estates liable for inheritance tax (IHT) must pay 40% before the remainder can be passed on, leaving many of us with a sour taste in the mouth. There is however, a way to ‘beat the taxman’ from beyond the grave. A deed of variation (DOV) is a legal document that allows the beneficiaries of an estate to make changes to the will, in the name of the deceased, after their death. What this means, is that changes can be made to make it more tax-efficient.

In the case that you are about to inherit a windfall that will take your own estate over £325,000 – the personal allowance above which 40% IHT applies on your death – you can alter the deceased’s will so that money you stand to inherit passes directly to other beneficiaries, reducing or eliminating the amount of tax you would otherwise have to pay later.

So, how does inheritance tax work?

Upon their death, each individual is taxed at a rate of 40% on all their assets above a threshold of £325,000. The following things are subject to the tax:

Cash
Investments
Property
Vehicles
Life insurance payouts

Main residence for “family home allowance” is in the process of being phased in until 2020, applying to a family home going to direct descendants only. Ultimately, this means that married couples will be able to use their combined allowances to pass estates worth up to £1m onto their direct descendants.

What are the rules?

Any deed of variation must be drawn up within 24 months of the death of the deceased, and must be signed by all the executors and beneficiaries of the estate to be valid.
A DOV is separate from a grant of probate – the legal document that allows you to gather up and distribute the assets of the deceased – and can be obtained before or after probate is granted.
There are no formal documents to apply for; you can simply write a letter explaining the changes you wish to make. However, you must ensure the letter meets certain conditions – Her Majesty’s Revenues and Customs provides a checklist.
Provided everyone else involved agrees, you can redirect your inheritance to anyone you wish, even if they are not named in the deceased’s will.
Although you may be the one deciding what changes to make, through a DOV the changes are made in the name of the deceased as if they were making the changes themselves.
If a variation affects anyone under the age of 18, you will need court approval before making any changes.
Extract: The telegraph

The next step…

Contact Ascot Estate Planning to get expert advice on setting up a Will or checking your IHT situation from Ascot Estate Planning Team.

June 18, 2018January 31, 2022

Lost or hidden pensions… We can help

Can we help you find your lost or forgotten pensions?

We all lead busy lives and sometimes it’s hard to keep track of everything, especially if it’s not something we deal with on a day-to-day basis. Pensions are just too important to forget about.

If you think you may have ‘forgotten’ pensions from previous employers…or want help and advice tracking these down for possible transfer into your main pot – read below!

There are three billion pounds sitting around in unclaimed pensions in more than a million accounts. Don’t let your hard earned money be part of it.
With each of us now working an average of 11 jobs a lifetime it’s more likely than ever we will build up a number of different pension funds.

Two recent “lost” successes:

First case:
When a 63-year-old client mentioned at their review meeting they had worked as a secretary from 18 -23 she thought she may have paid a small monthly amount into a company pension fund.

Result: Because she had married and moved a few times the pension company had lost contact with her. We did track down the pension scheme and she was entitled to £135 per month back to her 60th birthday.

Second case:
Another client, again after a review meeting, dug out some old paperwork which looked like he had paid into a pension when working for a company 30 years ago. He tried three times himself to get questions answered…every time they inferred that there was no money due. So he passed this over to our AWM Team.

Result: We pursued this and have recovered a £130,000 pension pot.

What to do with a sudden windfall

Determine the tax implications

Set up a FUNd (a small portion for fun!)

Set up a Financial Plan

Create or update your Estate Plan

Create an Emergency Fund

Pay off or consider buying a house

Tax Year-End Planning

ISAs

Pension Contributions

Capital Gains Tax

Dividend Tax

Inheritance Tax

Junior ISA

Whatever your age…the importance of making an Annual Financial Plan

Life Events

Retirement and Investing

Saving for emergencies

Work on building Alternative Income Streams

Saving Goals

In Conclusion

Here’s how you should invest at every age

Two thirds of UK adults don’t have a will in place

Make sure your Will is legally valid. Likewise check your parent’s or partner’s Wills are 100% up to date. Ascot Estate Planning offers a FREE Will review to ensure your Will achieves everything you hope it does.

Pension Planning – What are your options?

If your spouse takes a lump sum

Marriage After Death (MAD):

Care Home Fees:

Inheritance Tax:

If your children take a lump sum

Divorce:

Future:

Bankruptcy or Creditors:

Inheritance Tax:

Tax and Furnished Holiday Lets

Furnished Holiday Lets Advantages

So, does your property qualify?

Get in touch to find out how FHL regulation could benefit you.

All you need to know about ISAs

What is an ISA?

Advantage of ISA

Know your options

Types

No Will…but there is a Way !

What is deed variation and how can it help reduce inheritance tax?

So, how does inheritance tax work?

What are the rules?

The next step…

Can we help you find your lost or forgotten pensions?

Two recent “lost” successes:

Don’t put it off any longer, contact us today!

Whatever your age…the importance of making an
Annual Financial Plan

Make sure your Will is legally valid. Likewise check your parent’s or partner’s Wills are 100% up to date.
Ascot Estate Planning offers a FREE Will review to ensure your Will achieves everything you hope it does.