Since being introduced in 1999, ISAs have proved to be one of the most popular and tax efficient ways to save and invest for the future. The ISA allowance for the 2020/21 tax year is £20,000.
One of the best ways to protect your wealth is to ensure that your finances are correctly structured to take advantage of the various allowances and reliefs available each year, whether that is through Income Tax, Capital Gains Tax, dividend income or contributions into ISAs, pensions and savings accounts.
For those that are investing for income we can help develop a diversified and personally tailored investment portfolio from the St. James's Place range of funds which cover asset classes that could include fixed interest corporate bonds and gilts, equities or commercial property.
Despite the ever-changing pension landscape, pension planning and saving for your retirement are still as vital as ever. Pensions remain highly tax efficient and there are various factors to consider such as the tapered annual allowance, the carrying forward of unused reliefs and a lifetime allowance to ensure you are maximizing the opportunity your pension presents as part of your overall retirement planning.
Being unable to join an occupational pension scheme means that if you are self employed it is essential to make plans for contributing to an individual arrangement to ensure you can work towards retirement with confidence. We have expertise in working with the self-employed and contractors in helping put a plan in place that provides financial security for them and their families.
As a director, it is important to look after your increasingly complex personal financial affairs, where careful planning is essential for your personal financial security over the long term while not neglecting the needs of your business. As well as supporting the induvial, our corporate service also includes advice on employee pensions, corporate planning, shareholders and employee benefits.
The value of an investment with St. James's Place will be directly linked to the performance of the funds you of an investment with St. James's Place can go down as well as up. An investment in equities does not provide the security of capital associated with a deposit account with a bank or building society.
The levels and bases of taxation, and reliefs from taxation, can change at any time and are generally dependent on individual circumstances.