FAMILY-FOCUSED TAX AND RETIREMENT ADVICE

“I was actually quite blown away by Garnet because in my industry we’re very black and white and very disciplined. Garnet sent me a letter and an email within minutes proposing that we get together and sort things out, which I thought was very professional. If one or two people give Garnet the opportunity, it’s going to be better for them.”

James Allinson

Airline Pilot

Brief

James is an airline pilot who was managing his own financial strategy. When he came to Ubuntu, he was looking for advice on how to enhance his wealth management strategy and save time by placing it in expert hands.

Strategy

In order to grow James’ wealth now and in the future, we developed a financial strategy with a family focus. This included tax and retirement planning that better suited James’ unique risk profile, as well as pension plans for his children.

Outcome

To deliver James’ goals, we created a personal pension fund to augment his existing pension. This was structured to suit James’ risk profile while also allowing another avenue for reducing taxable earnings and increasing overall tax efficiency.

What We Did to Help

Family-Focused Advice

When James came to us it was clear that he needed a wealth management strategy that worked not just for himself, but also for his family. Therefore, our first step was to identify how we could help James to ensure that his children would benefit from increased financial security in the future.

To do this, we created pension plans for James’ children, allowing him and others to make contributions to their financial wellbeing.

Retirement Planning

James already had a pension fund that was provided by his employer. Through getting to know James, we understood that he was quite risk-orientated, so we set up an additional fund to augment his existing retirement plan and balance out his risk to make him feel more comfortable. 

By working with us, James is now confident that he has everything in place to ensure that he can enjoy his retirement and he feels reassured that everything will work out fine.

Tax Planning

James found our regular emails and newsletters to be valuable opportunities for further education. He believes they offer essential information on important topics such as teaching children the value of money from an early age – and give you the tools you need to make it happen.

He believes that our ongoing education helps people come to the realisation that everybody should be practising effective wealth management to achieve their financial future.

The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.

The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax relief depends on individual circumstances.

The advice provided to James Allinson was given after a full evaluation of his specific needs, circumstances and requirements. The solutions provided would not be suitable for all investors and the information provides does not constitute advice.