We have access to the full range of financial services. If you have a need for mortgage, protection, pensions or investment advice we can offer help to both private and corporate clients in all these areas.
Initially please contact Mr. Gareth Jones at these offices for a confidential discussion to see how we can help.
Financial Services Act law places a legal obligation on all financial advisors to give best advice always. If your affairs are found to be in good order, and no further action is necessary, you will be assured this is so.
We are able to give all clients access to full independent advice on pension matters and we are bound by professional codes of conduct.If particular issues are of interest please contact us for a brief discussion.
PENSIONS HAVE CHANGED RADICALLY AND WILL CONTINUE TO CHANGE FOR YEARS TO COME.
There are many (some say "too many") new pieces of legislation that have altered the whole face of retirement planning. It is important that you stay in touch with developments to ensure you have as prosperous a retirement as possible.
NEW PENSIONS LAW CAME INTO FORCE IN APRIL 2006 (known as "A Day").
All the differing types of former pension investment plans will be swept aside and be replaced by a simpler set of rules for all.
From April 2011 the current maximum limit for investment into ALL pension plans is £50,000 per tax year. This is known as the "annual allowance". This is a massive reduction from the £255,000 in prior years.
If the annual allowance has not been used up fully in any one tax year the unused portion may be carried forward and added to the annual allowance for a future tax year.
However, this carry forward is permitted for 3 years ONLY.
NOTE> care needs to be taken to plan correctly for existing pension investments. In changing from the "old" system to the "new" many transitional rules need to be catered for. If not planned carefully opportunities and benefits may be lost forever.
All the plans explained below are historic. Many have been combined into the new arrangements from 6th April 2006. Also remember that pensions legislation is subject to onging change and you should contact us for access to specific advice to meet your own needs and requirements.
* Personal "Stakeholder" Pensions
* Self Invested Personal Pension Plan (SIPP)
* Retirement Annuity Contracts
* Executive Pension Plans
* Final salary schemes
* Small Self Administered Scheme (SSAS)
Please note:
1. Throughout this section the regulations governing "20% directors" (i.e. those who have at least a 20% equity shareholding in the company concerned) are in many ways greatly different from all other members of pension schemes. It is imperative that such directors take particular care regarding pension planning.