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When you retire you still need food and shelter as an absolute minimum, but of course you will want to maintain the lifestyle to which you have become accustomed, so unless you can guarantee a large windfall, you need to provide yourself with a secure income for the rest of your life.
A well prepared pension plan which is regularly reviewed should go some way to providing this.
Wealth, just like your health, must be carefully preserved. Your assets need to be protected against the potential threats of erosion by taxation, the effects of inflation & investment risks.
Whatever your level of wealth, there is nothing wrong in deciding to prepare a risk aversion strategy. This is reasonable and prudent for anyone who is sure that they already have ample to provide for themselves and their family into the future.
We all have goals, dreams, ambitions for the future, for ourselves and our families, but the real question is; how do we achieve them?
Professional Retirement Planning is the process which can help you realise your ambitions - whatever they may be. As professional financial advisers we can help you make informed decisions about your financial future by setting short, medium and long term goals.
The main purpose of Life Assurance is to provide money for those people who may depend on you financially, in the event that something should happen to you. These people could include family members or business partners.
It can provide the reassurance of financial protection for you, your family and your business associates.
Professional Financial Planning is the process which aims to help you realise your ambitions. As professional financial advisers we can help you make informed decisions about your financial future, short, medium and long term.
You will almost certainly have plans of some kind - buying a home, starting a family, living abroad, perhaps retiring, but such ambitions have financial implications ...
When someone talks about savings and saving money, it could be referring to a piggy bank or a high interest deposit account. Savings are effectively cash or cash instruments, such as deposit accounts, term bonds etc.
Investing is what you can do with the savings you have - if you are looking to generate a greater return on your money than is available to you through your savings instruments.
Most of us face being taxed on our income, our capital gains, and in some circumstances the value of our estate when we die.
Taxation can be very complicated and the rules, reliefs and allowances often change, so it is worth obtaining a clear grasp of how these taxes work by discussing with a professional adviser the most efficient way to arrange your finances. An expert will be able to help you plan your taxes in advance ...
ISAs represent a tax-efficient container into which to place cash savings and investments in equities, bonds and collectives.
Introduced in 1999 as a replacement for PEPs and TESSAs, an ISA is available to all UK resident individuals over the age of 16 for cash ISAs & over the age of 18 for stocks and shares ISAs. Designed to encourage new saving they are attractive to investors seeking a tax-efficient investment vehicle with the potential for higher returns. There is usually a low level of minimum subscription and no minimum period of investment.
An ISA enables you to accumulate savings in a tax efficient manner as all gains are free from tax, making them particularly attractive to higher rate taxpayers.
An ISA can contain cash deposits, investments in equities, bonds and collectives.
You can choose to pay in one of the following:
You can only open one cash ISA and one stocks and shares ISA to put new money into each tax year. But you can also open other ISAs to transfer old ISAs into.
For UK equities, you are deemed to pay 10% dividend tax credit in stocks and shares ISAs which cannot be claimed back.
Withdrawals from an ISA can be made at any time without loss of tax relief but it is only possible to hold one ISA per tax year, so if an ISA is closed within the same tax year that it was opened, another one cannot be started until the next tax year.
ISAs can be transferred from one provider to another, as long as the new provider accepts transfers. This is often done with a cash ISA after it has been held for a year as previously attractive interest rates drop dramatically when short-term bonuses and fixed terms come to an end. The transfer is initiated through the new, receiving, provider who will require you to supply details of the original account and will manage the whole transfer process. Transfers should not be done manually by withdrawing the investment, closing the account, and re-investing it in the new account, as this removes the tax-free interest status of your investment.
The current year's allowance is unaffected by anything transferred from previous years so you can transfer previous investment to a new ISA and open a second ISA for new contributions if you wish, as long as you don't contribute to both.
INFORMATION IS BASED ON OUR CURRENT UNDERSTANDING OF TAXATION LEGISLATION AND REGULATIONS. ANY LEVELS AND BASES OF, AND RELIEFS FROM TAXATION, ARE SUBJECT TO CHANGE.
THE VALUE OF INVESTMENTS AND THE INCOME FROM THEM MAY GO DOWN. YOU MAY NOT GET BACK THE ORIGINAL AMOUNT INVESTED.
Wealth Management
Build your wealth and protect your assets from taxation and other risks.
Read More...Retirement Planning
Realise your retirement goals and work them into a viable financial future.
Read More...Life Assurance
Provide for your dependants after you’re gone with a Life Assurance scheme.
Read More...Currencies
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Stocks
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Nasdaq | ||
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THE GUIDANCE PROVIDED WITHIN THIS WEBSITE IS SUBJECT TO THE UK REGULATORY REGIME AND IS THEREFORE PRIMARILY TARGETED AT CONSUMERS BASED IN THE UK.
DERBYSHIRE BOOTH FINANCIAL MANAGEMENT LTD IS AN APPOINTED REPRESENTATIVE OF TENETCONNECT LTD WHICH IS AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY. TENETCONNECT LTD IS ENTERED ON THE FINANCIAL SERVICES REGISTER (www.fca.org.uk/register) UNDER REFERENCE 149826.
REGISTERED ADDRESS AS COMPANY ADDRESS
REGISTERED IN ENGLAND & WALES UNDER REFERENCE: 04772990
Client Testimonials
...We really did make a good decision choosing yourselves. A truly first class service....
...I found Greg's help and expertise in reviewing my own affairs to be invaluable...
...If you are looking for the sincere personal touch to help your finances grow Greg and his team are the people you need to see.
We just wanted to thank you for helping us achieve our dream. We'll recommend your services to any of our friends who need financial expertise and will be in touch again if we win the lottery!
Just a line to say thankyou for the help and advice that you gave me, and the unexpected cheque for £100. All the best.
Greg fully explained my pension options, and found the best annuity for me. I am most grateful.
Excellent service, combined with sound advice, well explained options.
without Derbyshire Booth’s help I couldn’t have managed at all. I can’t thank Greg enough.
I found the advice and help given to me was excellent with regard to my pension. Greg and his staff were very kind and welcoming. All my questions were answered. I am very satisfied with the service given.
If you're looking for someone to give you an answer, Greg is your man. I have not come across an IFA with a better breadth of knowledge in the field of finance. He is a regular contributor to the Lancashire Evening Post.
Your listening ear re my pension requirements and your careful evaluation of the investment products available resulted in a timely transfer of my existing pensions into the consolidated scheme and an excellent on-line tracker.
Derbyshire Booth have delivered well and exceeded my expectations, I shall recommend your services to family and friends.
My Brother and I are extremely grateful for all the advice and help over the last few months.......We are grateful for all the work you have done and for securing the funds from AXA. Thank you again for your excellent service.
Very professional diligent, responsive with attention to detail which is not too common with many companies. I would therefore have no reservations in recommending Derbyshire Booth Financial Management Ltd.
Greg Heath acted in a friendly professional manner and had empathy with my situation. I am very happy with the outcome and wouldn’t hesitate to recommend him to others.
Greg regularly provides topical, financial advice columns for my magazine Leyland Leader. He is a thorough professional, expert in his field, articulate, humorous and creative. Always a pleasure to deal with.
Derbyshire Booth provided a professional service, tailored to my needs. Options were clearly explained and I can highly recommend them.
I would like to thank you all for your expert professional guidance through what to us was a pension minefield. Without your advice and assistance we would still be looking at a pile of papers not knowing what they meant or what to do with them! Once again thank you for your time and patience.
Greg had the ability to explain issues to me clearly and concisely, and when I retired attained the best annuity available for me.
I would have absolutely no hesitation in recommending the services of Derbyshire Booth as a truly independent IFA and indeed I have done so on numerous occasions with family and friends who were seeking guidance in this area. In my experience, Greg rigorously analyses individual circumstances and subsequently offers expert and considered advice in a way that can be clearly understood. A pleasure to deal with.
Contact Us
Derbyshire Booth Financial Management Ltd
Cornerways
1 Yewlands Drive
Preston
Lancashire
PR25 2TN
T: 01772 422 004
Email : Email Us