Pensions & Investments
Standards
Mitchell Charlesworth Chartered Accountants and Business Advisors are authorised and regulated by the Financial Services Authority to give independent financial advice. This means looking at an individual or company's financial affairs and giving the Best Advice on how to use the wide range of investments, life assurance and pension products available to their best advantage. We are not tied to any Life Office and are required to recommend suitable policies and investments from the many alternatives available.
Who can benefit?
We have developed a specialist Financial Services department to deal with a particularly complex area of advice for our clients whilst acting impartially and ensuring personal attention at all times. Detailed below are a number of the more common areas where we can be of assistance.
- Pensions – Personal and Company
- Critical illness cover
- Key man policies
- Saving schemes
- Tax efficient schemes
- Life assurance
- Mortgages
- Permanent health insurance
- Investments
- Estate planning
- Unsecured pensions (previously income drawdown)
Pensions
From our detailed knowledge of clients' affairs we can guide them through the pensions maze, providing advice on:-
- Pensions schemes for companies, taking advantage of the regulations and tax relief available. Both insured and self-administered pension schemes can be arranged
- Personal pension arrangements for sole traders or partnerships, claims to reduce tax and where appropriate, obtaining refunds
- Timing for retirement, obtaining the best results from the money available in a pension scheme and on the options for each individual
- Purchasing property within a pension scheme and lending funds back for use in the business
- Preparing pension fund accounts and dealing with returns to the Inland Revenue
- Transferring funds from previous employer's pension schemes
- Retirement income strategies using annuities, unsecured and alternatively secured pensions and investment income options
Life Assurance and Critical Illness
Important areas to consider are:-
- Life cover for dependents
- Insurance cover for partners
- 'Key person' insurance for directors and employees
- Providing funds to meet inheritance tax liabilities
- Critical illness cover
Health Insurance
Self-employed persons, directors and key employees should consider cover in the event of illness, protecting the individual and the family when earnings cease through ill-health. Employers can also be protected from requirements to continue salaries in the event of illness. Private health care is becoming more popular for companies and individuals and group schemes are available to reduce costs.
Mortgages
Different lenders have varying terms and from time to time special discounts are available. We examine the market for the best terms, which could result in a saving for our clients on their mortgage interest payments. As we are Independent Financial Advisers and not 'tied' to one particular Life Office we can help find the most appropriate contract available, and if possible use any existing insurance contracts as repayment vehicles.
Investments
Our services include advice on :-
- Insurance policies
- Building Society accounts
- ISAs
- Income Bonds
- Stocks and Shares
- Short term deposits
- National Savings
- Unit Trusts
- Discounted Gift Trusts
We recommend a sensible mix of investments to provide the right balance between income and capital growth to suit the individual client's circumstances.
Inheritance Tax
Several of our partners and specialist consultants will be pleased to advise on inheritance tax and estate planning and can give financial advice to both individuals and companies from their considerable experience in these matters.
We can assist with planning of wills and trusts and certain partners are willing to act as executors and trustees and give continuing financial advice to families.
Your Next Step
If you would like to discuss any of the above or require further information please e-mail Neil Menear at our Liverpool office.
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