It’s important to us that we find bespoke solutions for our clients, giving you the flexibility and tools to understand all the options available to you. Whatever service you’re looking for, you can rest assured that our advisers are here to make sure you find financial peace of mind. For us, financial planning is about helping you find the confidence and security to achieve your goals, with a holistic approach that considers your future, aspirations and family.
Simplify estate planning, mitigate Inheritance Tax.
Secure your dream home with us.
Customised retirement planning for financial security.
When it comes to financial planning, our focus is on making sure you feel equipped to make informed decisions. We aren’t here to bamboozle you with jargon or rush you through complicated processes; we want to get to know you properly, and understand your life and goals, to help you find solutions that work for you and your loved ones.
For more details about services that we offer reach out to us on 01202 695801, or click the button below.
Since 2017 HMRC have required any tax-paying Trusts to be registered with them through the online Trust Registration Service (TRS).
The latest UK Money Laundering Regulations have now extended this requirement to include most non-taxable Trusts which also now need to be registered on the TRS. This is to comply with the 5th Anti-Money Laundering Directive.
Any existing non-taxable Trust must be registered by 1 September 2022. Any new Trust must register by 1 September 2022 or within 90 days of being created (whichever is later). This means that a Trust set up before 4 June 2022 will have to be registered by 1 September 2022. Any Trust set up from 4 June 2022 will have to be registered within the following 90 days. For this reason, registering a Trust on the TRS will become a requirement in the process when advising on all new Trust business. Any changes made to the Trust (change of Trustee, Beneficiary etc) must also be notified to the register within 90 days of the change.
HMRC provides a full list of Trusts that are excluded from registration, but generally speaking all SJP Trusts; including Gift Plans, Discounted Gift Trusts (DGT), Loan Trusts, Asset Preservation Trusts (APTs) and Designated Unit Trusts require registration.
• Asset Preservation Trusts set up before 6 October 2020 that hold assets worth less than £100
• Trusts where the only asset is a protection plan (a policy that only pays out on death, terminal or critical illness or disablement or to meet healthcare costs)
• Trusts holding the benefits from a policy received after the death of the life assured, providing the benefits are paid out from the Trust within two years of the death
For help registering your Trust, watch this video:
In an age where the online world is at our fingertips, why shouldn’t your wealth management be there as well? Our Online Services allow you to access all your wealth investments in one smart place. Whether you’re already registered, or just about to, here are some great features that can help you get the most from your online account.
Registering for Online Services with an activation code allows instant access. If you haven’t got a code, please contact your adviser. Registering online ensures all information is password protected.
Set your communication preferences to receive your digital reports and electronic correspondence.
Make online debit card payment for ISA and any JISA top ups with a debit card
linked to your account, on demand and at a time that suits you. Make payments to Unit Trusts, Retirement Accounts and new ISAs. (Speak to your adviser in order to get this process started) View the value of your investments in a range of currencies and see a breakdown of
this valuation. Instant notifications when a new document is available to view.
For every client opting for paperless correspondence, St. James’s Place will donate £5,to the St. James’s Place Charitable Foundation.
The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.
The favourable tax treatment of ISAs may not be maintained in the future and is subject to changes in legislation.
Less well-known is that children can also have a pension fund as soon as they are born – and setting one up can bring significant tax advantages. Even if your child is a non-taxpayer, they will still get basic-rate tax relief on contributions. That means a maximum of £2,880 a year is automatically grossed up to take account of tax at 25%, giving an annual investment of £3,600