Chris Simons Wealth Management

13/06/2022

What is an ISA?
ISAs remain one of the most popular ways to save and invest for the future

09/06/2022

New tax year, new opportunities
Whether it’s your new ISA allowance, your pension or to give younger generations a helping hand, the earlier you invest, the longer your money has to work harder. Talk to us about making the most of the tax-saving allowances and exemptions that can help towards achieving your financial goals.

The value of an investment with St. James’s Place will be directly linked to the performance of the funds selected and may fall as well as rise. You may get back less than you invested.

The levels and bases of taxation and reliefs from taxation can change at any time. Tax relief is generally dependent on individual circumstances.

The Partner/Practice is an Appointed Representative of and represents only St. James's Place Wealth Management Plc, who are authorised and regulated by the Financial Conduct Authority.

28/04/2022

HOW YEAR-ROUND TAX PLANNING CAN MAKE A BIG DIFFERENCE TO YOUR LIFE

Tax planning isn’t just something to think about at the end of the tax year – it’s something to keep in mind whenever you make a big financial decision.

Whether you want to pass wealth down through the generations, make the most of a windfall or simply ensure your savings work as hard as possible, there are reliefs and allowances that can help.

Contact us today for advice on sheltering your wealth and reducing your tax liability.

How year-round tax planning can make a big difference to your life

07/04/2022

NEW TAX YEAR CHECKLIST

Chancellor Rishi Sunak has brought in many tax changes, and many of the allowances that would typically rise each year have been frozen until 2026.

The continuing tough environment makes it more important than ever to ensure you’re using all the allowances and exemptions you’re entitled to.

We outline what has changed when it comes to Income Tax and National Insurance, dividend and savings income, personal pensions, ISAs, Inheritance Tax, Capital Gains Tax and Corporation Tax.

New tax year checklist

24/03/2022

WHAT DOES THE SPRING STATEMENT MEAN FOR YOU?

The National Insurance levy remains in place, however the threshold will increase to £12,570

Plans to reduce the basic rate of income tax by 1% from 2024, from 20% to 19%

The UK GDP is expected to grow by 3.8% in 2022

What does the Spring Statement mean for you?

09/03/2022

SETTING PERSONAL GOALS AND MAKING THEM HAPPEN

The best goals are the ones you set that are based on your personal values and what you believe in. None of us has the same set.

But if those goals aren’t backed by a detailed, yet flexible financial plan, the greatest goal can remain simply a wish.

Knowing what you want, and then creating a clear, detailed financial plan to match, makes you feel both confident and in control.

Setting personal goals and making them happen

07/02/2022

FINANCIAL WELLBEING: HELPING YOU BE FINANCIALLY CONFIDENT AND IN CONTROL

A staggering 24 million of us feel ‘financially vulnerable’

Talking to an expert is the first step towards feeling confident, capable and in control.

Our role at SJP is to give you the confidence to create the future you want. And then, to relax and enjoy it.

Financial wellbeing: helping you be financially confident and in control

03/02/2022

BEAT THE 60% TAX TRAP

The complexity of the UK’s tax system has created tax ‘sinkholes’ that could result in you paying more tax than you expect.

An example is the 60% tax trap, created by the tapering of the personal allowance, which leaves those earning between £100,000 and £125,140 paying 60% tax.

Tax rules change frequently but by taking advice from us, you can sidestep potential sinkholes and avoid paying more tax than you need to.

Beat the 60% tax trap

25/01/2022

USE IT OR LOSE IT: HOW TAX ALLOWANCES CAN HELP FUTURE-PROOF YOUR FINANCES

The biggest life plans tend to require solid financial foundations, from saving to buy a home to raising a family.

Your chances of reaching your objectives will be partly driven by the tax opportunities available, whether that’s ISA or pension reliefs.

We can help you map the way to your goals and make sure you’re not missing out on valuable tax advantages.

20/01/2022

HOW TO RETIRE WHEN YOU WANT TO

One aspect of feeling in control of your finances is knowing that you’ll be able to retire how and when you want.

Retirement is increasingly a gradual affair rather than a one-off event, and it’s important to plan accordingly.

A retirement plan not only sets you on a path for later life, but also provides wellbeing benefits and peace of mind in the short term.

How to retire when you want to

18/01/2022

WHATEVER YOUR FINANCIAL GOALS, DON’T MISS THIS YEAR’S USE-BY DATE FOR YOUR TAX ALLOWANCES

It’s important to understand your financial targets and how to achieve them. Making the best use of your tax allowances, exemptions and reliefs before their use-by date (the end of this tax year on 5 April) could help get you there sooner.

Tax-efficient pensions and Individual Savings Accounts (ISAs) are important options when it comes to creating a more secure financial future.

If you’re thinking about how to pass your wealth to loved ones, look at ways to reduce the Inheritance Tax on your estate, such as gifting money to children or grandchildren.

Whatever your financial goals, don’t miss this year’s use-by date for your tax allowances

12/01/2022

MAKE 2022 LESS TAXING: THE FINANCIAL HABITS TO GET INTO NOW

With pandemic-related uncertainty stretching into another year, getting into some good tax habits can give you valuable peace of mind.

Are you missing out on important benefits? Don’t wait until the tax-year end to find out.

From organising your paperwork and downloading the HMRC app to making an appointment with an adviser, there are simple steps you can take to get the New Year off to a positive start.