McKenzie & Co. Financial Consultants

23/05/2024

As a business owner, you know how to write a plan. 👌

A Business Plan, to get started. 💡

Operational Plans

Marketing Plans

Contingency Plans

Growth Plans –

But what about your Exit Plan? 🧠

The goal of building a business for many people is the ability to sell it and retire on the proceeds. 🏝

Selling your business is a major milestone, so it’s crucial to have a tax-efficient plan for the proceeds.

Early engagement with a financial adviser can help solidify your post-exit goals, manage Capital Gains Tax, and take advantage of reliefs like Business Asset Disposal Relief. 🚪

📈Read our latest Insights on how detailed cash-flow modelling and investment planning will help ensure your future goals are met while considering lifestyle changes and potential Inheritance Tax.

Selling your business will hopefully bring you a satisfying sum of money. But without a solid plan for how to use sale proceeds, that new asset can quickly become a headache.

15/05/2024

In the past three years, 8% of workers had two months or more off work due to physical illness/injury, and 6% had more than eight weeks off due to a mental-health event.

"Why do I need income protection if I have sick pay?"
..is a common question we get as financial advisors.

With Statutory Sick Pay (SSP) at just £116.75 per week, most of us would struggle to live on £467 a month if we were out of work for a length of time.

Our latest insights focuses on Income Protection and why this could be right for you.

A financial adviser can talk you through the differences between policies so you can protect the financial wellbeing of the whole family.

Income protection insurance pays a regular monthly amount if you can’t work because you’re unwell, or suffer an injury that results in a loss of earnings. Knowing that, if you suddenly couldn’t work, the mortgage and bills would still be paid, can take a real weight off your shoulders, and mea...

13/05/2024

Attention Small Business Owners! 💼

Is your pension scheme doing enough to secure your employees' futures? Want to offer a more attractive benefit package for better employee recruitment/retention?

Learn why the minimum 8% [5% employer + 3% employee] contribution may not be sufficient for a comfortable retirement and how you can empower your team with better strategies for their future.

Too many small and medium-sized enterprises (SMEs) fail to maximise the benefits of pension provision for recruitment and retention, says new research.

07/05/2024

Are you a director or executive looking to optimize your pension strategy for 2024/2025? 💼💰 Don't miss out on these five crucial considerations outlined in our latest insights:

1️⃣ Pension allowances: With changes like the abolition of the lifetime allowance, understanding tax implications is key.
2️⃣ Annual allowance & tapered annual allowance: Learn how income levels affect your contribution benefits.
3️⃣ Bonuses and shares: Explore tax-efficient options for different forms of compensation.
4️⃣ ISAs: Discover the flexibility they offer alongside pensions for your retirement savings.
5️⃣ Accessing funds in retirement: Plan ahead to make ensure withdrawal is efficient and accessible.

Expert financial advice can help you navigate these complexities. 💡💼

There are still restrictions to be aware of, however. The tapered annual allowance will impact those earning more than £200,000. Plus, you may be liable for Capital Gains Tax on earnings from benefits such as shares. An adviser can help you navigate these complex rules.

29/04/2024

Last month our Director, Ed McKenzie took on a brutal self-inflicted challenge in the name of charity - "The Great Sled Drag". Out the back of his long-time gym Get Fit in Bath, he attempted to drag a sled with his own body weight of 90KG backwards and forwards on a small astro track of 32m.

The Challenge began as a target distance of a half marathon distance (21,098m), however with the constant start/stop of turning around and losing momentum, he reset his target on the day and was able to smash out 15km in under 10 hours! With his family, friends, and colleagues popping in throughout the day to keep his spirits up [and feed him snacks] he has been able to raise nearly £1900 for Off The Record BANES, a mental health and wellbeing charity supporting young people local to Bath.

This is not Ed's first physical challenge; he has taken on Hyrox competitions solo and paired with his PT Laura Androsoni, head coach at . Laura is also a client of McKenzie & Co.

Ed’s fundraising page is still open should you be able to donate any amount: https://www.justgiving.com/page/ed-mckenzie-1705326069700

26/04/2024

🌟 Secure your family's financial future with smart investments!

💰 From Junior ISAs to children's pensions, there are plenty of ways to start saving for your little ones early on. Professional advice can help you make informed decisions that benefit both your children and your own financial wellbeing. Let's chat about securing a bright future for your family today!

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They’re our greatest pleasure, and our top priority, but bringing up children is a costly business. Steep price rises this year have seen the cost of raising a child from birth to 18 rise 10% to £223,256.1

18/03/2024

You may have seen our advert on TV this week, which shows an emotional storyline of a father raising his daughter through various stages of life with the support of our one-to-one advice. We've shared the video in full below, along with an explanation of the characters.

There’s advice that can change your day. Then there’s advice that can change your life. And the lives of those you love. The kind of advice that only ever comes from people who have your best interests at heart. That's invaluable advice.

Learn more about the advertising campaign, watch the longer version of our tv ad and get to know the characters.

11/03/2024

It's been 5 days since the Spring Budget was announced.

To the relief of many observers, the Chancellor unveiled a more optimistic fiscal landscape than anticipated, with lower inflation, more vigorous growth, and a forecasted decrease in debt relative to GDP.

So, what does the budget mean for you?

Navigating the Spring Budget: Opportunities for Tax Efficiency and Financial Planning

05/03/2024

This Saturday, one of our Senior Advisors Steven Andrews will be walking 8 miles in the 2024 Men's Walk for Dorothy House Hospice. This wonderful charity provides palliative and end of life care to adults 18+ and support for their family/carers in our local Bath community.

If Dorothy House has touched your life in anyway and you would like to donate to Steve and his Lion Tamer's team, please scan the QR code below.

28/02/2024

McKenzie and Co will be speaking at the Bath Landlord Conference on the 27th of March, hosted by Reside Bath at the Francis Hotel.

This exclusive event promises to be an invaluable resource for local landlords looking to navigate the complexities of the rental market, enhance their investment returns, and ensure full compliance with the latest regulations.

Oli Stavrakakis and Director Jonathan Atkinson will cover topics such as how to make the most of your income, be more tax efficient, as well as advice for those landlords considering selling their properties.

Early Bird tickets available for 50% off until end of February!

Book Now: https://www.eventbrite.co.uk/e/bath-landlord-conference-tickets-818327879717?aff=McKenzieCoPromotion

25/08/2023

Oli has worked as a Financial Consultant since 2017 and absolutely loves his job.

Really getting to know his clients, what their underlying motivations are, as well as their future goals is a central focus for Oli.

He then helps his clients develop a strategy to achieve these goals, through robust financial planning, regular reviews and a long-term relationship built on trust and transparency.

Before his career in Financial Services, he worked in the wine industry, helping clients choose the perfect bottle.

McKenzie & Co. Financial Consultants is an Appointed Representative of and represents only St. James’s Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority).
McKenzie & Co. Financial Consultants is a trading name of McKenzie Wealth Management Ltd.

SJP Approved 19/06/2023