Sovereign Doncaster

Sovereign Doncaster ...

I’ve got 15 minutes to kill, so I’ve come to enjoy a coffee in the sun and reflect on the week.I’ve had a few conversati...
29/05/2026

I’ve got 15 minutes to kill, so I’ve come to enjoy a coffee in the sun and reflect on the week.

I’ve had a few conversations this week with people in the Doncaster business community and really feeling inspired and motivated right now.

It’s reassuring hearing that other people are facing challenges too as much as it’s great hearing the successes and bouncing ideas around together.

Someone told me yesterday not to be concerned about who your children hang around with at school.

“If you raise your children well, the good kids stick together.”

I think the same applies in business.

Over the last few years especially, I’ve become really grateful for the people and connections around me. Good people tend to stick together.

Perhaps a bit too soft for a Friday afternoon post, so I’ll finish on this.

I have never once seen the outside McDonald’s play area open… until today 👀 Somebody have 999 ready.

28/05/2026

“Ah, but I’ll get taxed on it when I take the money out of my pension.”

I hear this all the time from business owners when talking about pensions.

And that’s true in most cases.

This is what people don’t think about.

You’ll definitely get taxed if you take more than the permitted allowance out of your company as a dividend. Then what do you do with it?

Or worse yet, you leave it in the business and neither you nor the business immediately benefits from it.

A company pension contribution for directors:

- Reduces corporation tax,
- Moves money into an asset you personally own (not the business)
- Has no income tax, dividend tax or National Insurance on the way in
- Tax-free growth within the pension
- A 25% tax-free lump sum available at retirement (subject to a maximum lump sum amount).

When you look at it like that… sounds like a fair deal to me to pay some tax at the end.

Especially when you can control exactly how much income you take from a pension.
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The value of your investment can go down as well as up. You could get back less than you invested.

Taxation rules can change at any time and are dependent on individual circumstances.

Sovereign Wealth Ltd 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).

SJP approved 19/02/2026

05/05/2026

I’ve been meaning to talk to you, but… [insert excuse here]

I hear that far too often from people who end up taking action only after something has happened.

Sometimes it’s the death of a friend.
Sometimes it’s a change in circumstances
Sometimes it’s just the sudden realisation that our time on Earth isn’t as far away as we
pretended it was.

The problem is there is so much ‘good work’ that can be done in the years that you miss.

Let this be your sign to reach out and get in touch, even if all you need is a sounding board.

At the very least you’ll know if you’ve been doing the right thing or not.
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Sovereign Wealth Ltd 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).

SJP approved 10/02/2026

22/04/2026

Where do you go if you want to buy a racehorse?

Apparently, Goffs UK is a good starting point.

I spent the morning there - a very different, but fascinating, world. Thank you to Tim Kent for showing us around and patiently answering my very beginner questions.

What’s the difference between a £15,000 horse and a £80,000 horse? It could just be the way it’s feet point when it’s walking...

For the sake of a video, I risked being in the eyeline of the auctioneer (which is a high stakes gamble as it turns out, considering the cost of some of these racehorses).

I also win big points for the cool Uncle award. My niece had her first horse riding lesson yesterday, so I am hopefully maxed out on coolness in her eyes.

15/04/2026

Why wait another 12 months… when you could have a full year of benefit?

Invest on the 5th April and you’ve used your allowance… But you’ve only had one day of that money working for you.

Do the same thing on 6th April instead… and you’ve got a full year benefits.

So why do people wait?

Probably because it’s human nature for deadlines create urgency and prompt action.

Without them, decisions get pushed back.

There’s no right or wrong. Sometimes cashflow (especially for business owners) dictates timing.

But if you challenge that habit this tax year, you might give your money a lot more time to work for you.

Are you going to treat this tax year any differently?
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The value of your investment can go down as well as up. You could get back less than you
invested.

Taxation rules can change at any time and are dependent on individual circumstances.

Sovereign Wealth Ltd 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).

SJP approved 10/04/2026

08/04/2026

We’ve just come out of tax year end where everyone was posting about “making the most of your allowances”

So let’s review quickly two key allowances, and where should you be thinking about putting any spare money early into the tax year?

ISAs

Every individual in the UK can put in £20,000 into an ISA each tax year, split between a Cash ISA (typically with a bank) or a Stocks and Shares ISA. From April 2027, the Cash ISA allowance is reducing to £12,000 if you are under 65, so it’s a good time to be thinking about this.

ISAs are very tax efficient, and you can take money out free from capital gains and income tax. There is also no minimum age that you need to be in order to take money out of an ISA. So they are very flexible.

Pensions

If you are paying in personally (some people pay in via their business), then you get the tax back on what you’ve paid form your income as tax relief, at either 20%, 40% or 45% marginal rates.

The first 20% is added to your pension by HMRC, so every £80 you put in £100 will go into your pension.

If you are eligible to claim further tax relief, this would be done via self assessment.

Pensions grow tax-free, and have flexible options to manage withdrawals in retirement.

However, currently you have to be age 55 to access a pension, which is increasing to age 57 from 2028.

How do you choose?

Access you require
Timeframe you can invest for
Personal preference.

Very often the right thing would be to do a combination of the two, but not always and that’s what I will always say to seek professional advice.
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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 and are generally dependent on individual circumstances.

Cash ISAs are not available through St. James’s Place.

Sovereign Wealth Ltd is an Appointed Representative of St. James’s Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority).

SJP approved 01/04/2026

05/04/2026

Happy Easter everybody!

Last year I shared how important financial education is for children, and how Easter is the perfect time to demonstrate this.

This year, I get to show you a live lesson!

Let’s hope it’s a lesson that stays with him for a long, long time.

Have I got the wrong day?I’ve been here ages and nobody has turned up yet.
04/04/2026

Have I got the wrong day?

I’ve been here ages and nobody has turned up yet.

30/03/2026

“But insurance will be a waste of money if I never needed to claim….”

Yes! But that’s only the same with car insurance, home insurance, pet insurance, mobile phone insurance & sofa stain insurance.

If it’s all a waste of money - that’s actually good!

Protection for you, your family and your business, comes in lots of different formats.

Getting it WRONG could be a waste of money.

That’s where I help my clients. To avoid getting it wrong, so you can waste your money for the right reasons.
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Sovereign Wealth Ltd 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).

SJP approved 11/02/2026

'Creating Moments' This post might get a little deep, so if that's not your thing then consider yourself warned. It's ne...
25/03/2026

'Creating Moments'

This post might get a little deep, so if that's not your thing then consider yourself warned.

It's never actually been my thing, either, but I think that's starting to change as the years go by.

We recently celebrated our daughter's first birthday with family in North Yorkshire. I consider myself so incredibly lucky that I was able to book a cottage for the weekend.

This photo was taken just after I arrived, waiting for everyone else. I was reflecting (with a beer) on the whole situation, and personally what a proud moment it was to do that.

It's stuck with me what was going through my head at this exact moment (something about the quiet countryside and being lost in your own thoughts..)

As a family we were about to create moments.

Of course, we would have had an amazing party at home and it's about who you are with that matters. But that's over after a few hours and then everyone gets on with their normal lives. Having a weekend away together has created more moments that we will remember for years and years.

It doesn't matter how many people tell you how fast these early years with children go by, it only feels real when it's happening right in front of you.

I work with many grandparents and parents whose children have flown the nest, meaning I've heard it countless times, so I have always tried my hardest to make the most of this time.

I'm glad that we are living in a world where virtually every day is documented by pictures and video, so it will be very easy to look back at these moments. And Apple are happy when I have to keep upgrading my iCloud storage.

23/03/2026

I heard someone on a podcast say: ‘The first million is the hardest.’

But it didn’t explain why.

So I’m going to try, but in a different way.

It’s all down to momentum.

Imagine you’ve got a magic money pot earning you 5% growth a year.

In year one, you pay in £1,000… and you’ve only got £50 of growth from your 5%.

Feels tiny.

Fast forward to when you’ve got £10,000 in there - that same 5% gives you £500 that year.

That’s half of what you paid in for year one, in growth alone!

£100,000 gives you £5,000 growth.

So once you hit £1 million…

5% is £50,000 of growth without you doing anything else.

That’s the power of compounding: momentum + time.

The early years will feel slow, but they’re the years that make everything else possible in the future.

Disclaimer: this isn’t to discredit all of the long hours and hard work that business owners put into their business. It’s purely to offer another perspective so people can make better financial choices in life.
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These figures are examples only and they are not guaranteed – they are not minimum and maximum amounts. What you get back depends on how your investment grows and the tax treatment of the investment. You could get back more or less than this.

Sovereign Wealth Ltd 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).

SJP approved 17/02/2026

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Ebor Court, 9 Malton Way
Doncaster
DN67FE

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