Protection planning

Life assurance provides a lump sum on death and comes in two basic forms: term assurance and whole of life assurance.

Your earning potential is likely to be your family’s most valuable asset. Income protection plans are designed to provide you with an income should you be unable to work for a prolonged period due to illness or injury.

If you are diagnosed with an illness such as cancer or suffer a heart attack, you and your family may find yourselves financially worse off. This is because your expenses are likely to be the same, or even higher, but you may be unable to work or even decide you don’t want to work any longer.

PMI is designed to ensure that if you need medical treatment, you won’t need to worry about the cost; neither will you have to worry about NHS waiting times, staff shortages or overcrowding.

It’s vital to understand how making a gift of money or assets can help to create a valuable exemption from Inheritance Tax. We will assess your circumstances and help maximise your gifting allowances.

The levels and bases of taxation and reliefs from taxation can change at any time.  Tax relief is dependent on individual circumstances.

*A trust places the right money, in the right hands, at the right time. Trusts cannot be ignored as they are a fundamental part of estate planning. They can help in the process of reducing or mitigating Inheritance Tax (IHT) but are also commonly used in helping provide for any liability.

Trusts are not regulated by the Financial Conduct Authority

When it comes to planning for later life, there is so much to consider. We can assist with Inheritance Tax planning, making Gifts, and securing an income for your long-term health care.

The levels and bases of taxation and reliefs from taxation can change at any time.  Tax relief is dependent on individual circumstances

**Let us help you put everything in place to ensure that your Will and an enduring Power of Attorney are in order. These are crucial elements of any effective form of financial planning, and sound advice is a must.

The writing of a Will or Powers of Attorney involves the referral to a service that is separate and distinct from those offered by St. James’s Place. Wills and Powers of Attorney are not regulated by the Financial Conduct Authority.