Accounts

Accounts Explained

With a financial plan in place, we can help identify the right types of accounts to use to make sure your assets are held in the right way to give you the appropriate level of control, flexibility and tax efficiency for your situation.

There are several different types of policy that can hold investments each with their own merits and drawbacks:

Pensions

There are many great reasons to invest in a pension, but which pension should you choose? The pension market is vast. Over the years different types of pension with their own features, benefits and disadvantages have arisen. We advise on your current pensions or can help set one up for you if you don’t have any already.

Importantly, we help you understand what you can get from a pension, how you can use them to assist in your retirement planning and then advise what you should do about your current set up. We help make your pensions arrangements work better for you.

ISAs

Often forming the bedrock of an investment solution. With large annual allowances that are more than enough for most, tax free growth and easy access. We can advise on ‘flexible’ ISA’s giving maximum flexibility and ease of access should it be needed.

General Investment Accounts

The simplest of all of our options, a general investment account can be held individually, jointly by a trust or a company. There are no tax benefits but for short term goals, lower risk investments, smaller amounts they can be a helpful addition to an ISA.

Onshore and Offshore Investment Bonds

For larger sums of money and when capital gains taxes may be an issue, investment bonds can help tax efficiently grow your wealth where you plan to access it many years in the future when your taxable income is lower. There are different types that are suited to different situations and life pans. Investment bonds are very good for trust planning giving their tax benefits.

Trusts

Whether you have a trust solution already, or you’re open to having us set one up for you there are a variety of trust structures available to give you a range of set ups to give you your preferred blend around control, flexibility, and tax efficiency. Our trusts we can set up through the providers we work with come with optional trustee services making the ongoing servicing and administration of the trust easy and cost effective. We are also able to work with any new or existing trust you have set up with your own solicitor.

Accounts for Children

Investing is a long-term endeavour and you are never too young to start. For those looking to invest for children we offer advice around what might be the best solution given your family set up and budget. We are able to set up pensions and ISA’s for children and for larger sums where more flexibility is required we can set up investments in trust.