Typically we work with Actors, Comedians and Musicians who earn well but sometimes sporadically.
What we have found over the years is they work hard but don’t have the time when it comes to money based decisions as they are so concentrated on their careers like so many do.
They also face similar dilemmas to the sports professionals we work with in that they are often targeted for uncertain schemes to make money and save on tax. Another common belief is that their agent or accountant is all they need and that they cover all areas and can wholly manage their finances. They may not able to do this as they may not be qualified financial planners and their skill sets are different.
Our programme is designed to provide financial reassurance and provision for those wanting the long term to be taken care of without sacrificing in the short term.
For us it’s all about simplicity. We will firstly discuss our clients goals. We set out a path to help achieve them with strategies that the vast majority of people we meet for the first time do not know they have the opportunity to do! ‘ We will ensure you have complete understanding of what we do and why. A clear cut process with well-defined goals is paramount.
A misconception that is common with those who have their own company or are sole traders is that the accountant can look after all financial matters. Your financial team should include an accountant and a financial adviser.
We regularly work with accountants to provide a better service to clients, rather than just giving the standard advice of drawing out only enough salary/dividends each year to stay below higher rate tax threshold. This only puts off tax issues and can lead to additional rate (45%) tax bills when you need the money for your personal aims like buying a property.
We can help you with extracting profits from your limited company with the aim of minimising taxation. Most importantly this is done with forethought and planning to have the money available when you need it not reactionary decisions which could cost you in the long run.
Our advice is holistic including:
For many people wealth is a key driver of personal happiness as it brings about choices. It’s about being able to make choices, where you live, how you holiday, how your children are educated and when you retire. The more informed wealth decisions you make, the more choices you’ll have. I want to help you make sure you’re making the right decision, every time.
If you would like to read about ‘Our Process’ in more detail then please click below. You can also contact us to arrange a convenient time to discuss your requirements in more detail.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The levels and bases of taxation and reliefs from taxation can change at any time and are dependent on individual circumstances.
*Will writing involves the referral to a service that is separate and distinct to those offered by St. James’s Place and along with Trusts are not regulated by the Financial Conduct Authority.