Technical guides
These technical guides will give you a sense of the toolkit we use day-to-day. If you start digging through you'll quickly find that there's real complexity here. How exactly does that work? What will deliver the results you're after? How do these combine and inter-relate?
These are the questions our Financial Planners will work with you to answer, developing a totally bespoke solution just for you. It's really at the core of what we do. So don't worry if you find you end up with more questions than answers. We can help — let's talk!
Pensions
Unsecured Pension Plan
An Unsecured Pension Plan offers you a simple, tax efficient way to save for your retirement and take your benefits. You make contributions and when you select to take your benefits, normally at retirement age, the funds that have built up will provide you with an income for the rest of your life.
Self Invested Personal Pension
A Self Invested Personal Pension (SIPP) offers you a simple, tax efficient way to save for your retirement. You make contributions and when you select to take your benefits, normally at retirement age, the funds that have built up will provide you with an income for the rest of your life.
Read the complete Self Invested Personal Pension Technical Guide.
Stakeholder Pension Plan
A Stakeholder Pension Plan offers you a simple, tax efficient way to save for your retirement. When you elect to take your benefits, normally at retirement age, the fund that has built up will provide you with an income for the rest of your life. Alternatively, you may choose to take a pension commencement lump sum (‘tax free cash’ under current legislation) together with a reduced pension.
Lifetime Pension Annuity
A Lifetime Pension Annuity provides a specified amount of income for life with various options available. There is no return of capital in the event of death after retirement.
Personal Pension Plan
A Personal Pension Plan offers you a simple, tax efficient way to save for your retirement. You make contributions and when you select to take your benefits, normally at retirement age, the funds that have built up will provide you with an income for the rest of your life.
Alternatively Secured Pension Plan
Alternatively Secured Pension is the name given to income drawdown after age 75. Income drawdown means taking a pension income directly from a pension fund, rather than using the fund to purchase an annuity from an insurance company to secure the pension income.
Read the complete Alternatively Secured Pension Plan Technical Guide.
Investments
Collective Investment Account
The objective of a Collective Investment Account is to benefit from a portfolio of collective investments over medium to long term, at least 5 years. There is no set term to the arrangement. The portfolio of investment funds allows you to participate in a wider range of stocks. It also provides specialist investment expertise from experienced fund mangers who will usually specialise in their chosen field.
Read the complete Collective Investment Account Technical Guide.
Individual Savings Account (ISA)
The objective of an Individual Savings Account (ISA) is to invest in a tax-efficient manner over the medium to long term, at least 5 years, and gain the benefit of virtually tax free growth during investment and on encashment. This is an open-ended contract whereby there is no set term. You are able to invest in one Stocks & Shares ISA per tax year if you utilise your full allowance, or a combination of Stocks & Shares and Cash ISAs.
Read the complete Individual Savings Account (ISA) Technical Guide.
Capital Investment Bond
A Capital Investment Bond enables you to make a single investment into a wide range of funds administered by leading UK Life Assurance Companies and fund Managers. Funds are invested in many different areas, such as Equities, Gilts, Corporate Bonds and Commercial Property. As you will be one of many investors, the fund manager will have access to a wider range of stock than an individual, therefore spreading the risk.
Assurance
The Flexible Whole of Life Plan
A Flexible Whole of Life Policy, as the name suggests, provides life cover for the remainder of your lifetime. Premiums purchase units in an investment fund and the cost of the life cover is then paid for by cancelling the appropriate number of units.
Read the complete The Flexible Whole of Life Plan Technical Guide.
Family Income Benefit
A Family Income Benefit policy will provide a regular tax free income in the event of death during the policy term. This income is designed to provide a fixed, regular sum to your family for a fixed term for example until the children complete their education.
Mortgage Protection Assurance
Mortgage Protection Assurance covers you for a set term and pays out a lump sum if you die during the policy term. The amount of cover decreases over the term of the policy and is usually designed to tie in with the outstanding amount on your repayment mortgage. As the life cover reduces, the monthly premium remains constant over the term of the policy.
Read the complete Mortgage Protection Assurance Technical Guide.
Critical Illness Plan
A critical illness cover plan will provide a lump sum benefit if you are diagnosed with one of a specified list of illnesses such as heart attack or cancer, and survive a further 28 days. Full details of the conditions covered are shown in each provider’s Key Features documents, and can vary. If life assurance is included the sum assured will be payable only on the first of either death or diagnosis of one of the illnesses covered.
Level Term Assurance
Term assurance will provide a tax free lump sum should the assured life die or suffer a critical illness (if the benefit was included) during the term of the policy. The term of the policy is determined at outset.
Guaranteed Whole of Life Plan
A Guaranteed Whole of Life Policy, as the name suggests, provides life cover for the remainder of your lifetime. Both the premiums and sum assured are fixed from outset.
Read the complete Guaranteed Whole of Life Plan Technical Guide.
Income Protection (PHI)
An Income Protection policy will provide a regular tax free income should you suffer a long-term disability or illness that prevents you working. The cover will continue until you either return to work or reach the selected expiry age.
