SJM Financial Planning

25/09/2023

Last week I read that HMRC had recruited 3000 new compliance staff and were set to target inheritance tax errors. This weekend I'm reading that the conservatives are now considering cutting/abolishing inheritance tax altogether.

A desperate plea to remain in power, or a sensible measure to abolish one of Britain's most hated taxes?

Prime minister Rishi Sunak is reportedly considering a cut to inheritance tax, ahead of the next general election.

05/09/2023

Discover the strategic advantages of regular investing, also known as pound-cost averaging. In this video, we delve into why regular investing is a game-changer for your financial future:

🟢 Mitigate market timing risks: Explore how regular investing minimises the challenge of timing the market, reducing your exposure to volatility.

🟢 Cultivate financial discipline: Learn how consistent, scheduled investments establish a robust saving and investing routine, helping you stay focused on long-term goals.

🟢 Unlock compounding's potential: Discover how steady contributions fuel the magic of compound interest, significantly boosting your investment returns.

🟢 Tailored for long-term goals: See why regular investing is ideal for securing your retirement or funding your child's education, ensuring steady portfolio growth.

🟢 Streamlined automation: Automate your investments through direct deposits or standing instructions, simplifying your financial journey.

30/08/2023

Ready to tap into your UK pension funds? Discover different ways to access your savings and understand your retirement options.

Exploring 5 pension access strategies:

1️⃣ Annuities: Get a lifetime income stream.
2️⃣ Flexi-Access Drawdown: Stay invested, get flexible income.
3️⃣ UFPLS: Take lump sums your way.
4️⃣ Small Pot Lump Sum: £10,000 or less? Uncover tax-wise options!
5️⃣ Mix & Match: Craft your perfect combination of choices.

16/08/2023

"Capital Gains Tax (CGT) is a complicated area of tax-planning and can trip many of us up. It’s wise to get your head around CGT and take financial advice, so you don’t end up paying more than you need to."

Capital Gains Tax (CGT) is a complicated area of tax-planning and can trip many of us up. It’s wise to get your head around CGT and take financial advice, so you don’t end up paying more than you need to.Here’s some answers to some of the most frequently asked questions about this often-misund...

04/08/2023

High-Income? Here's a few examples of how the tapering annual allowance may affect you.

01/08/2023

Discover the new £60,000 annual allowance and how to optimise it! High-income? Learn about tapering rules and save on taxes. Unlock hidden benefits from previous tax years!

31/07/2023

Over the coming weeks & months, I plan to share a series of videos that answer common queries that I get from both clients thinking about retirement planning and those that are aiming to invest their wealth tax efficiently.

My aim is to remind existing clients as well as educate potential new clients about the broad range of opportunities that I can assist with, alongside demonstrating new planning ideas that they may not have thought about previously.

If you have any questions then please feel free to drop me a message, and to view more educational videos you can visit my website.

The value of an investment with St. James's Place will be directly linked to the performance of the funds selected and may fall as well as rise. You may get back less than the amount invested.

SJM Financial Planning 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).

SJM Financial Planning is a trading name of SJM Financial Planning Ltd

SJP Approved: 05/07/2023

05/04/2022

SJM Financial Planning 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).

23/03/2022

"With the ongoing invasion of Ukraine contributing to the increasing cost of living, Rishi Sunak delivered his Spring Statement the same day inflation figures revealed they had hit a 30 year high of 6.2%."

With the ongoing invasion of Ukraine contributing to the increasing cost of living, Rishi Sunak delivered his Spring Statement the same day inflation figures revealed they had hit a 30 year high of 6.2%.

16/03/2022

Tax is present throughout our lives and not something we can avoid. Yet many of us will admit we don’t always understand it. And with more than 1,000 ever-changing reliefs and allowances available to taxpayers, keeping on top of tax matters is a challenge, even for the experts.

14/02/2022

'You now have more control over how you access your retirement savings than ever before'

Today, there is no longer a hard stop after which you are expected to rely on a preset income stream regardless of changing circumstances. Instead, you are more in control than ever before and can tailor a plan to suit you as you move into retirement.

19/01/2022

"St. James's Place is a member of initiatives including the Glasgow Financial Alliance for Net Zero and Climate Action 100+, which both seek to support companies in their transition to a low-carbon future."

Engagement is vital in helping the world’s largest carbon emitters transition to net zero, writes Rob Gardner, Director of Investments at St. James's Place