About Us | Financial Links | Contact Us | Site Map You are in pfc > Individual Wealth Management Investment of Capital Inheritance Tax Mitigation Effective Wills Capital Gains Tax Life Cover Income Protection Critical Illness Cover Long Term Care Moving Home Re-Mortgages Divorce Individual Wealth Management In today’s world of complex financial products, clients need advice and strategic guidance to capitalise on opportunities to preserve, grow and possibly transfer their wealth. We provide help for our clients in: • Planning their strategy • Minimising tax • Family business succession • Long and short term investment strategies Investment of Capital We help our clients develop an investment strategy which could encompass all the products below. This strategy is tailored to their individual needs, objectives and risk profile. • Deposit accounts • ISAs • Unit Trusts/OEICs • Investment Bonds • Equity Portfolios • National Savings • Etc... And in addition pension planning via: • Stakeholder pensions • SIPPs • SSASs etc We act as your guide through the maze of financial plans. When a strategy is developed we then and only at that time choose the products best suited to achieve the desired result. Inheritance Tax Mitigation The need for specific advice has become a pressing issue to allow individuals to pass their wealth on to the next generation in as tax-efficient manner as possible. Strategies can include: • Effective Wills • Trust Planning • Gifts • Exemptions • Equalisation of estates These are all areas where PFC can provide guidance on the creation of a robust solution for passing on your wealth. Effective Wills A well worded will can not only ensure that your assets pass to the people of your choice when you die, but it could also be instrumental in effecting a tax mitigation strategy for both inheritance tax and capital gains tax. Capital Gains Tax Advice when disposing of assets is always best received prior to the transaction taking place as there can be aspects that may not have been considered which could have a significant effect on your wealth and the amount of capital tax payable. Life Cover Life cover is an area of advice which is often overlooked, especially as it highlights the very worst outcome in the ‘what’s the worst that can happen’ scenario. Life cover can protect your dependants if you die, it may clear off a mortgage or other loan or it can provide the funds to create additional financial security to those you love after your death. In addition, life cover is often utilised in a commercial or business environment as it is a suitable vehicle to protect business loans as well as partners or directors in a company. In this instance the purpose of cover would be to protect the surviving partners/directors. Income Protection Income Protection Insurance (also known as Permanent Health Insurance) provides an income in the event that an individual is unable to work due to illness or injury. This type of protection comes into its’ own for providing income protection when your employers sick cover arrangements cease. Self employed can also protect their income in a similar way. It is possible to insure between 50 – 75% of your pre-disability income less certain deductions such as state benefits, pension income and any continuing income from your employer. The benefit starts after a deferred (waiting) period of anything between 1 day and 104 weeks, and can be selected to match the end of any period of cover provided by your employer or any period that you feel you could sustain your income from your own resources. Critical Illness Cover If you or someone close to you has been diagnosed with a potentially life threatening condition which will almost certainly affect there future life expectancy it is a very traumatic experience. It can become more concerning if that person is the main bread winner in the household and financial pressure begins to bear its’ ugly head. Critical illness policies pay a lump sum benefit on the diagnosis of certain critical conditions. The cover has a set term (number of years) and will not normally provide a surrender value or maturity value at the end of the term. The policies aim to provide a lump sum payment and will cover as a minimum the 7 core illnesses identified by the Association of British Insurers – these are: cancer, coronary artery bypass, heart attack, kidney failure, major organ transplant, multiple sclerosis, and stroke. In addition most policies cover a wide range of other illnesses although no single policy will cover every illness. The policy will normally pay out to the policy holder if they survive for a period of time after the diagnosis of a critical condition. This time period is typically 30days. Long Term Care This is an area of financial planning that could affect us all in later life. It is important to understand the fundamentals and rules of care assessment together with your funding options to pay for long term care. PFC will be able to assist and guide you through this area with ease. Moving Home Whether this is your first time or fourth time moving home, it is vitally important that you receive the correct advice in this area, from mortgage finance, life insurance to conveyancing. Here at PFC we can draw upon our experience and Independence to assist you through this stressful time. Re-Mortgages Moving your mortgage to another lender could save you money. Alternatively, staying with your existing lender could be your best option. What is the best option for you? Contact PFC so that we can aim to save you money. "Your home may be repossessed if you do not keep up repayments on your mortgage" There may be a fee for mortgage advice, the precise amount of the fee will depend upon your circumstances but we estimate the fee will be £500 Divorce People going through a divorce need to consider their options in the light of the radical changes to the pensions system. Recent and proposed legislation has brought about the most radical changes to the pensions system in the UK. The three main options currently available to a divorcing couple are offsetting, earmarking and pension sharing. Additionally looking to secure your financial future post divorce is of paramount importance to both parties so the logical and straightforward implementation of a financial strategy is imperative.