Protecting Your Loved Ones
Most people have modern day financial worries, for example, caring for children, looking out for elderly relatives, the aftermath from divorce, redundancy or inheritance issues.
Sometimes the worst happens. A partner dies suddenly and sadly rather than having time to grieve the family are faced with complex paperwork and rocketing legal costs. Occasionally children don’t inherit anything – the tax man takes it all instead!
Often all it would have taken is some planning, sound advice, appropriate financial products and some form filling to ensure that if the worst happened loved ones won’t be left financially devastated.
Protection & Life Insurance
There are a variety of financial products on the market which provide personal protection for you and your family in the event of traumatic life events such as serious disability or death.
Features, costs and rates vary and over time and can make a big difference to the return. That’s where we can help. We can advise you on various types of protection products on the market.
We take time with each of our clients to understand their specific needs before we make recommendations and we provide protection expertise which will help reduce the impact of financial worries at a difficult time.
Investment Management
The decisions you make regarding your wealth will have far-reaching consequences. Whatever the future brings, you need to be confident that your assets are being managed efficiently and effectively.
Managing an investment portfolio effectively demands a time commitment that few individuals are able to make.
Managing Your Assets
JB Wealth Management Ltd recommend some of the best discretionary fund managers in the market. These investment services are designed to enable investors to fulfil a combination of objectives and have the flexibility to adapt should their circumstances or requirements change. The dedicated Investment Managers undertake detailed analysis and work diligently towards achieving optimum returns within client risk parameters.
Creating a portfolio that is well diversified, regularly monitored and that can be adjusted to suit market conditions requires a high degree of specialist expertise.
Investment
Successful investing is all about choosing the funds to suit your goals, attitude to risk and personal circumstances. To help make that decision easier, JB Wealth Management Ltd can guide you through a range of fund choices to suit investors of all experience levels.
Our team of investment experts can help you choose the right investments in order to help you meet your current needs and future objectives. We can find tax-efficient investments for a number of purposes, including:
- Financial independence
- School fees planning
- Rainy day money
- Income for retirement
- Supplement to regular monthly income
- Potential long term capital growth
The Financial Conduct Authority does not regulate school fees planning and deposit accounts.
Investments can go down as well as up, and you may not get back the full amount invested. Past performance is not a guide to future performance. Levels and bases of and reliefs from taxation are subject to change and their value depends on the individual circumstances of the investor.
Discretionary Investment Manager
Using a Discretionary Investment Manager within a structured and disciplined framework, employing dedicated investment specialists, allows returns to be maximised. Each portfolio is designed to take account of a client’s specific objectives and attitude to risk. In an ever changing world, investors need an investment portfolio that is constantly monitored and managed in order to meet their objectives.
The process of appointing a firm to manage your investments can be a daunting one. We have experience to help you make the right choice, countrywide.
Investments can go down as well as up, and you may not get back the full amount invested. Past performance is not a guide to future performance. Levels and bases of and reliefs from taxation are subject to change and their value depends on the individual circumstances of the investor.
Pensions & Retirement
Your retirement should be something to look forward to. It is one of the most important lifestyle changes anyone experiences. Ensuring security in later life needs careful planning. A pension is a tax efficient way of providing an income and potentially a lump sum for your retirement. 25% of the pension fund can be taken as a tax-free cash lump sum and the balance can also be taken. This will be taxed at the tax payer’s marginal rate.
Pensions can be complicated; they are intended to be a long term way of saving for security in retirement. 2014 saw extensive changes in the regulations surrounding pensions and you may not be aware of what these changes are for the implications for your savings. There are a range of pension solutions available to suit a variety of needs, getting it wrong can be expensive and result in a much lower return in retirement. HMRC put limits on the level of contributions you can make: HMRC Annual Allowance Limit. This link will give you the information you require.
Self-invested personal pensions (SIPPs)
A self-invested personal pension (SIPP) is a pension ‘wrapper’ that holds investments until you retire and start to draw a retirement income. It is a type of personal pension and works in a similar way to a standard personal pension. The main difference is that with a SIPP, you have more flexibility with the investments you can choose.
How it works
With standard personal pension schemes, your investments are managed for you within the pooled fund you have chosen. SIPPs are a form of personal pension that give you the freedom to choose and manage your own investments. Another option is to pay an authorised investment manager to make the decisions for you. SIPPs aren’t for everyone. More information is available on The Pensions Advisory Service site which refers you to https://www.moneyadviceservice.org.uk/en/articles/self-invested-personal-pensions.
Enjoying a long and healthy retirement
People in their 20s are now expected to live well into their 80s or 90s – so it’s worth bearing in mind that if you retire at 65, you will probably have 20 years or more of needing an income. If you are facing retirement soon, it’s essential that you seek advice to ensure you are managing your finances as efficiently as possible. For instance, it may be beneficial to consolidate the collection of pensions you have accumulated over your career to get a better annuity rate. If you’re planning for your retirement, you may wish to consider the following pension plan options:
Final Salary Scheme
The retirement income, and timing of taking benefits, will be determined by the scheme rules, and will be based on the scheme earnings and the period of time in the scheme.
Money purchase scheme
Tax free cash
25% of the fund(s) can normally be taken as a tax free cash lump sum. **
Annuity (secured pension)**
An annuity is a plan which provides, in exchange for a lump sum, an income for life. If you decide to buy an annuity you must decide on which basis. The options include:
Level
Payments are fixed at the outset, and continue at this level until death.
Single life or joint life
Provision may be included for a spouse’s pension.
Escalating
Payments increase each year at a fixed rate, or a rate which which changes in line with changes in the Retail Prices Index.
Unitised
Payments are linked to the performance of an investment fund or funds, so may go up or down.
Enhanced
People with medical conditions which might reduce their life expectancy, such as diabetes or high blood pressure, may receive a higher income.
Income Drawdown
Your pension funds remain invested with income drawdown, but you take an income from the fund. This provides flexibility as you can vary your income to meet your requirements. However, as your funds are still invested, you are still exposed to the risk of your investments going down in value.
State pension
The basic state pension is payable from State Pensionable age and is currently £113.10 a week for a single person and £180.90 for a couple (2014-15 income tax year). If you do not have enough contributions your state pension will be less. In addition, you may be entitled to a State Second Pension.
From 2017 a flat rate state pension is likely to commence in 2017. The weekly payment when it was proposed in 2013 was £144. 35 years of National Insurance contributions are required.
**The above is a brief outline on the options available to you on retirement. Having spent the majority of your working life saving for retirement and having accumulated your pension savings pot it is important that you understand the advantages and disadvantages of the options available to you, and we recommend you seek professional advice.
Personal Pensions
Personal Pensions usually offer a range of investment options to suit a variety of preferences to investment risk and there is often flexibility to change investment choices. Money invested into a personal pension is free of capital gains tax, and the contributions are enhanced by income tax relief.
Careful consideration is needed to understand the pros and cons of the options available and to make the best possible use of the pension fund accrued.
Protection & Life Insurance
Most people have modern day financial worries for example caring for children, looking out for elderly relatives, the aftermath from divorce, redundancy or inheritance issues.
At JB Wealth we provide essential support in identifying, securing, and managing protection policies—such as life insurance, critical illness cover, and income protection—to ensure you and your family are financially resilient against unexpected events.
Key Services Provided
Comprehensive Needs Assessment: Advisers conduct a detailed analysis of your financial situation, including income, debts (like mortgages), and the needs of your dependents to determine the exact type and level of cover required.
Market Research and Comparison: They use their expertise to search the wider insurance market, often accessing specialist providers and deals not available to the general public to find the most suitable and cost-effective products.
Tailored Policy Recommendations: Instead of “one-size-fits-all” solutions, advisers create bespoke protection strategies that account for complex personal factors like pre-existing medical conditions or high-risk occupations.
Application and Underwriting Support: Advisers streamline the application process, helping you complete complex paperwork and liaising with insurers during underwriting to improve your chances of being accepted on favourable terms.
Trust and Estate Planning: They can advise on placing policies into trusts, which ensures payouts go to the intended beneficiaries quickly without being subject to Inheritance Tax or probate delays.
Ongoing Reviews and Claims Assistance: As your life changes (e.g., marriage, new home), advisers review your policies to ensure they remain fit for purpose and provide vital support and advocacy during the claims process.
Benefits Over “DIY” Insurance
There is an understandable temptation in the fact of television advertisements and newspaper articles to try and set up the arrangements yourself. Understandably we believe in the benefits a financial adviser can bring for the following reasons:
Avoiding Underinsurance: We can account for factors like inflation and specific risks to ensure you aren’t left with insufficient cover
Expertise and Jargon-Free Guidance: We can demystify complex terms and conditions, ensuring you fully understand what is and isn’t covered before you commit
Financial Accountability: If a recommended policy is found to be unsuitable, you have a level of regulatory protection and recourse that is not available if you choose a policy yourself
Time and Cost Efficiency: we can save you significant time on research and, through their market access, can often secure lower premiums than comparison sites.
Inheritance Tax Planning
This is a growing area of revenue for HMRC as allowances and thresholds frozen by successive governments result in more and more estates having to pay inheritance tax.
Most individuals would rather see their family members, other chosen beneficiaries or charities receive as much of their estate after their death as possible. The thought of all the things that their legacy can help the subsequent generations to achieve helps provide purpose to many people.
We help our clients mitigate inheritance tax by conducting a comprehensive assessment of their estate and identifying applicable allowances.
We develop personalised strategies that include lifetime gifting, annual gift exemptions, trusts to ring-fence assets and life insurance policies written in trust, which provide a tax-free payout to cover remaining IHT liabilities.
Additionally, we guide clients through complex reliefs (like Business Relief) which can accelerate the period until assets move outside of the estate, whilst still being accessible.
This area of advice is constantly changing with, for example, the inclusion of unspent pensions in taxable estates from April 2027, so our ongoing advice process helps to ensure that clients do not fall foul of legislation changes.
Working With You Going Forward
Regular reviews at a frequency to suit your needs, during which we can:
- Check any changes to your personal needs, goals and aspirations
- Reassess your attitude to risk
- Review your valuations and the reasoning behind the performance
- Map performance against your desired outcomes
- Adapt and adjust recommendations in light of changes to your personal circumstances
- Use cash-flow modelling where suitable so you can see exactly from where your income will derive
- Advise on any legislative changes that might impact you and what you are trying to achieve
- Provide our portal ensuring that we can send sensitive information quickly and securely between us
- Liaise with any investment managers, providers and third parties as may be necessary to achieve your desired outcomes
- Continue to manage fees and charges on your behalf