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Investments
Warren Financial Planning Ltd undertake a full financial review (fact find) before any advice can be given. We need to have a full understanding of your financial circumstances, objectives and attitude to risk prior to recommendations being made. We take into account your tax position, existing investments and any individual preferences i.e. ethical funds. Unit Trusts/OEICSYour money is spread over a range (or basket) of individual shares/funds matching the profile of the holding (i.e. UK Equity Income or Equity Global etc) that an investment house professional manager/s make. Taxation; Growth of the holding is subject to capital gains tax upon the sale of your investment whilst income from dividends and interest is subject to income tax. ISA’s/PEPSISA’s (Individual Savings Accounts) and PEP’s (Personal Equity Plans) are simply a tax wrapper often of a Unit Trust/OEIC. They provide investors with favourable tax breaks and advantages with a current maximum annual limit (06/07) of £7,000 of investment permitted in any one tax year. Taxation; Government tax treatments for PEP/ISA changed in tax year 2004 where the managers are no longer able to reclaim the 10% tax credit on distributions from equity funds. Those funds invested in bond (fixed interest) funds have not been affected by these changes. Bond investors continue to see the 20% tax reclaim associated with an interest distribution shown on their statements. There is no change to tax treatments on capital gains and higher rate taxpayers still have no further income tax liability. This can be subject to change if the Government so wishes. Investment BondsThese are tax wrappers offered by insurance companies. They have been developed over many years and have valuable features and tax advantages from both a personal tax position and also for Inheritance Tax planning. Investment Bonds are a packaged investment product and can provide growth and income although tax (where payable) is chargeable to income tax. You may invest in funds which we select in conjunction with you these are no longer limited to the funds offered by the life company but these have been extended to most investment houses thus providing a wide range of external fund links. Switching between these funds is cheap (often free) and holders will not be subject to any taxable events. The individual funds range from fixed interest to highly specialised markets although individual share holdings are not generally permissible. Taxation; (Where payable) is chargeable to income tax at your highest rate/rates of tax. Investment TrustsThese are the oldest form of pooled/collective investments. Investment Trusts are companies with their shares quoted on the London Stock Exchange and their business is to invest in the shares of other companies. Investment Trusts are permitted to borrow and therefore gear-up their investments. Taxation; Growth is subject to Capital Gains Tax, Dividends and Interest payments are subject to Income Tax National SavingsThese provide a range of savings particularly for the more cautious investor. Warren Financial Planning Ltd can help you with these and often include them in a portfolio. Taxation; Variable upon type of National Saving chosen. Provides advice relating to many types of investments and is not restricted to only those outlined above, amongst which we include Venture Capital Trusts, Film Partnerships; further details are available upon request. Wealth WarningPlease note, non deposit investments i.e. stocks and, ISA, PEPs, Unit Trusts, OIECs, Investment Trusts, Investment Bonds and Personal Pensions etc. do not guarantee the value of your investment as unit prices may be lower or higher than at the time of your initial investment and maturity. Past performance is no guide to future returns. Investments should be considered for at least the medium term i.e. minimum 5 years. Levels and basis of and relief from taxation are the subject to change. Back to Services
Our advice is not driven by product placement on occasion the best advice that can be given is to go away and rethink what exactly they (the client) is actually trying to achieve.
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