Imperial Wealth Advisory Ltd

Imperial Wealth Advisory Ltd We are a firm of Independent Financial Advisers specialising in Pensions & Investments.

When looking at the various options available for pension plans, you may come across the terms ’crystallised funds’ and ...
15/12/2022

When looking at the various options available for pension plans, you may come across the terms ’crystallised funds’ and ‘uncrystallised funds’. This sort of technical jargon can often be confusing for most people.

These terms essentially indicate whether or not you’ve cashed in your pension pot.

Crystallising your pension means cashing in the pot in the form of a drawdown or an annuity. Annuities serve to generate continuous long-term income. Drawdowns keep your money invested while also preserving access if needed. You may also decide to withdraw 25% of the pot at this point as a tax-free lump sum while keeping the rest invested. Once you’ve taken any of these actions, your funds become crystallised.

In the same way, uncrystallised funds refer to pension funds where such actions haven’t been taken. The term usually comes up when discussing UFPLS. Uncrystallised Funds Pension Lump Sum (UFPLS) is when you directly take out money from the pension pot before taking any crystalising actions. Up to 25% of the value of the pot will be tax-free, but any amount beyond that will be taxable. You should always consult with an advisor before you consider UFLPS.

Investments are not just for individuals. Far from it. As a business accumulates money, it might want to consider invest...
14/12/2022

Investments are not just for individuals. Far from it. As a business accumulates money, it might want to consider investments in places beyond just bank deposits. These investments can often allow for greater capital growth. This of course can vary according to the risk a business is willing to take on. The financial instruments for such corporate investments can broadly be classified into 3 categories.

1. Ownership Investments: These are usually assets such as stocks (of other businesses), property, precious commodities (gold, etc.) and the like. The investing company takes ownership of these assets in exchange for money. Ownership investments are the most commonly used type of corporate investment. They also generally carry the highest risks and returns.

2. Lending Instruments: When lending instruments are used for corporate investment, the company acts as a banker. The company essentially lends money to other parties, usually the government, with the expectation of it being repaid with interest. These instruments include bonds, treasury bills, etc.

3. Cash Equivalents: These are instruments that can be easily and quickly liquidated. They include the likes of money-market funds.

People often find themselves asking the question, “Is this a good time to invest in stocks?” They see the ups and downs ...
13/12/2022

People often find themselves asking the question, “Is this a good time to invest in stocks?” They see the ups and downs of the stock market and feel uncertain about their decisions. They see words like “recession” and “inflation” in the newspaper and can’t help but doubt themselves. And that’s okay.

Unfortunately, in-depth financial education isn’t a part of the general curriculum. The vast majority of people do not have the technical knowledge necessary to analyse financial markets. So, feeling worried or confused about when to invest is completely normal.

Whether any time is a good time to invest may depend on how long you want to invest for. If you’re just trying to game stocks – buying when low and selling when high, then that’s beyond the scope of this post. However, if your objective is capital growth over a longer term, read on for some insight.

Perhaps there is no bad time to invest for long-term gains. Things like recessions and depressions come and go, but these things are ultimately temporary. When analysing data from the JST Macrohistory Database, something interesting can be seen. Even when adjusted for inflation, UK stock market returns have grown over time. From 1870 to 2020, even with the effects of two world wars, global depressions and recessions, and the pandemic, £1 has grown to £2,728. So perhaps, the question of there ever being a right or wrong time to invest is moot.

Navigating your personal finances can easily get complicated. We work very closely with our clients to understand their ...
30/11/2022

Navigating your personal finances can easily get complicated. We work very closely with our clients to understand their circumstances and give them detailed tailored advice.

📧[email protected]
📞0116 366 9688
🌐https://imperialwealthadvisory.co.uk/contact/
🏢11 Harcourt Way, Meridian Business Park, Leicester, LE19 1WP (Monday to Friday, 9:00am to 4:30pm)

The NHS serves as the vital backbone of healthcare in the UK. You might be wondering why private medical insurance could...
24/11/2022

The NHS serves as the vital backbone of healthcare in the UK. You might be wondering why private medical insurance could benefit you. Well, here are three reasons why you should still consider getting private medical cover.

1. Shorter wait times.
Accessing medical care under the NHS is notorious for long wait times and frequent rescheduling. With private insurance, you get much shorter wait times. Some policies even let you choose the date and which hospital.
2. Access to specific treatments.
Some specialist treatments are not available through the NHS. Private medical insurance includes access to some of these specialist treatments.
3. Choosing your General Practitioner
The NHS generally just assigns you a GP based on your location. Through private insurance, you can choose specific GPs to see.

Starting to invest early in life can have immense benefits. Here are 4 reasons why you should start investing at a young...
23/11/2022

Starting to invest early in life can have immense benefits. Here are 4 reasons why you should start investing at a younger age.

1. You end up with more savings later in life. The earlier you start investing, the more wealth you end up with later on.
2. If you start investing early, your investments have better potential for financial market growth.
3. Compounding generates potential for greater growth. Compound growth is highly dependent on time. The earlier you invest, the more time there is for compound growth to bolster your investments.
4. You might be able to retire earlier. If you start investing early in life, you may find yourself in a stronger financial position to retire early and enjoy a better retirement.

If you live beyond your mid 60s’, there’s a 70% chance that you will need care services. These odds increase the longer ...
17/11/2022

If you live beyond your mid 60s’, there’s a 70% chance that you will need care services. These odds increase the longer you live. Long term care can get very expensive in old age. As such, it’s very wise to start planning for long term care as soon as possible.

Here are 3 reasons why you should be planning for long-term care.

1. Planning ahead means saving your family from a burden.
As we said, long-term care can get very expensive. These expenses can have severe financial impacts on your family and children. By planning ahead, you’re sparing them from a huge financial burden.

2. It protects your assets.
By planning ahead, you save your savings and assets from going towards care expenses. This also ensures your estate stays intact for anyone you want to pass it on to.

3. It gives you early access to critical choices.
Planning ahead for long-term care means you get to choose how things are handled. You may want to evaluate specific nursing facilities, or you may want services at home. This way, you get to choose and plan accordingly.

You may often come across the term “Power of Attorney” in many financial and legal matters. But do you know what it mean...
16/11/2022

You may often come across the term “Power of Attorney” in many financial and legal matters. But do you know what it means?

A Power of Attorney is essentially a legal document that gives someone else the power to act or make decisions on your behalf. The scope of Power of Attorney is usually in financial, legal, and medical matters. Power of Attorney in the UK in regards to financial matters is of three types.

Ordinary Power of Attorney covers your financial decisions either temporarily or for as long as you want to so long as you have the mental capacity to understand decisions and their consequences.

Lasting Power of Attorney (LPA) covers financial decisions even if you lose mental capacity through illness or accident.

Enduring Power of Attorney (EPA) has similar scope as LPA, but was replaced by LPA on 1 October 2007. EPAs signed before that should still be valid.

There are two types of financial advisers – restricted and independent. A restricted adviser can only focus on a particu...
10/11/2022

There are two types of financial advisers – restricted and independent. A restricted adviser can only focus on a particular set of financial products or providers. Whereas an independent financial adviser can provide advice across the whole financial market.

Imperial Wealth Advisory is an independent financial advisory firm, meaning we can advise on a wide range of products across the whole of market to suit your needs and objectives.

We understand that not all investment opportunities are best suited for everyone, which is why we provide investment advice that is tailored towards your specific goals.

Please contact us at [email protected], or call the office on 0116 366 9688.

To find out more, you can also visit our website at www.imperialwealthadvisory.co.uk

We are based at 11 Harcourt Way, Meridian Business Park, Leicester, LE19 1WP.

Open Monday to Friday, 9:00am until 4:30pm.

Nobody likes to think about grim aspects like death. Yet, it’s very important to plan for this eventuality to protect yo...
09/11/2022

Nobody likes to think about grim aspects like death. Yet, it’s very important to plan for this eventuality to protect your loved ones in your absence. These 5 reasons are why you need to get life insurance as early as possible:
1. Death is entirely unpredictable. You can’t really guarantee you’ll still be around next week. Life is entirely unpredictable, and so are freak accidents. Don’t put off getting insured for later.
2. It protects your spouse and children. Your spouse and children are at least somewhat dependent on your income, if not entirely. In case you’re no longer around, life insurance protects them from financial instability.
3. It helps your family pay off debts. If you have a mortgage, your life insurance could go a long way in paying it off in your absence.
4. Premiums are less if you get it early. Life insurance premiums increase with age. If you get life insurance while still young, it will be cheaper.
5. Mental peace. Having life insurance provides mental peace in regards to your family’s future. You can rest assured that your dependents are taken care of even if you aren’t around.

Saving more money is something everyone wants to do. Here are 3 ways you can save more than you already do.1. Save for s...
03/11/2022

Saving more money is something everyone wants to do. Here are 3 ways you can save more than you already do.

1. Save for specific goals. Specify what you’re saving for and create timelines for each goal. This way you can calculate how much you need to save from each pay cheque.

2. Set up a Standing Order to yourself. A standing order is a recurring transaction that occurs on a specific date. Set up a standing order from your current or salary account to your savings account. This will automatically ensure a minimum savings on top of what you do consciously.

3. Start thinking about your spending in years. Let’s say you spend £40 a week on snacks. That’s over £2000 a year. You might be inclined to cut back on many kinds of non-essential spending when you start thinking about their long-term impacts.

Key Man Insurance is a type of life insurance that a business takes out on a person that is critical to business operati...
02/11/2022

Key Man Insurance is a type of life insurance that a business takes out on a person that is critical to business operations. The business pays the premiums on the insurance and collects any pay-out.

This person insured is usually someone like a top executive or high level engineer whose sudden death or disability would have devastating financial consequences. For smaller businesses, this key person is often the founder(s) or owner(s).

The pay-out in the case of death, or specified illnesses, would cushion the financial blow. It buys time for the business to either find a replacement, or to implement other necessary strategies.

If your business’s financial stability is reliant on such a key person or persons, consider obtaining a quote for Key Person Insurance.

Address

11 Harcourt Way
Leicester
LE191WP

Opening Hours

Monday 9am - 4:30pm
Tuesday 9am - 4:30pm
Wednesday 9am - 4:30pm
Thursday 9am - 4:30pm
Friday 9am - 4:30pm

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