ADVERTISING FEATUREAndy P Collins Wealth Management LimitedIntergenerational Planning– These words mean manythings to many people, and thisis probably the most diversearea of planning where I amregularly asked to assist. Thebaby boomers have undoubtedlymade asset wealth on propertyand some may have inherited or generated wealth.However, the questions they ask are “Will we run out ofmoney“ – “Can we pass our wealth to our offspring”.Initially, simple planning such as Wills* and LastingPowers of Attorney, of which there are two – Health& Welfare and Property and Financial affairs is thestarting point. I work with fellow professionals wherenecessary to create these structures.Every person has circumstances which are different,which is why it is critical a full discussion takesplace. Following that start point, it is a matter ofunderstanding what you are trying to achieve withall that you have, and then create a bespoke planthat is flexible to meet any changing circumstancesi.e. cover home fees whilst protecting the estate,having access to capital and protecting the estate.Inheritance tax you choose to pay if you don’t use allof the opportunities to mitigate it. Allowances suchas nil rate bands, Resident Nil rate Bands and annualexemptions which are sufficient for most people toachieve their outcomes.Where more complex situations arise, I will lookto include any number of the following: PETS over7 years and structures that are effective after 2years, Business relief, Trusts, Gifting, Loan Trusts,Discounted Gift Trusts, Charitable donations, Rysaffestructures, Protection, Tenants in Common, Pensionsand annual exemptions. Increasingly we see changesto Gifts with reservation and Deprivation of assetslegislation, but with careful planning and flexiblearrangements you can have your cake and eat itensuring that taxation is not the largest inheritor ofyour estate, but your family are.So you know what to do – Just ASK!I help individuals, business owners andDirectors make better financial decisions.I can’t change the events that shape your future,however, I can ensure that you’re prepared with abespoke plan, and your resources are employedfocused on desired Goals.As part of my understanding you as an individual or abusiness, I review existing plans to check if they arefit for purpose, and your current wealth is protected,should any changes not be one you had planned.14 To advertise call 07976 289967 or 07974 434793 or email sales@streetwisemag.co.ukSo, if you don’t have a plan or just wish to check thatwhat you have in place is working with you towardsyour Goal, then – Just ASK!Andy is widely regarded as a Financial Servicesbusiness leader with a demonstrated history ofsuccess at board level. His thirty plus years ofFinancial services experience has enabled him todraw on a wealth of knowledge and skills.During that time, he has held Head of sales, Directorand Senior management roles with some of the UK’sleading institutions.I am locally based and offer planning inthe following areas:• Preparing for retirement and in-retirement advice• Investment planning• Pension planning• Protection for you and your family• Inheritance tax and Inter-generational planning• Investment planning for children/grandchildren• Protection for self-employed, company directorsand key people• Aspects of tax efficient business exit strategies.The value of an investment with St. James’s Placewill be directly linked to the performance of the fundsyou select and the value can therefore go down aswell as up. You may get back less than you invested.The levels and bases of taxation, and reliefs fromtaxation, can change at any time. The value of anytax relief is dependent on individual circumstances.*Will writing and Powers of Attorney involve the referral toa service that is separate and distinct to those offered bySt. James’s Place and along with Trusts are not regulatedby the Financial Conduct Authority.To book an appointment contact medirectly with confidence and no obligationon 07831 686716 or 01706 620613.Meetings can be arranged face to face orvirtually using Microsoft Teams or Zoomto maintain social distancing.Please visit my website for moreinformation www.andypcollinswm.co.ukSt. James’s Place guarantees the suitability of the advicegiven by members of the St. James’s Place Partnershipwhen recommending any of the wealth managementproducts and services available from companies in theGroup, more details of which are set out on the Group’swebsite at www.sjp.co.uk/products.
If you think your money shouldbe making an impact, we can help.Whatever’s on your mind, just ask.DTLTNEMEGANAM HrentraP etaicossA tnemeganaM ht laeW ecP ydnAsnilloC )PM( IIC treC SFPpiDrotceriD:leT | 316026 60710 617686 13870E m :liaku.oc.pjs@snilloc.pydnaku.oc.mwsnillocpydna.wrentraP ecitcarP ehTVisit our website www.streetwisemag.co.uk for all the info about the Streetwise magazinestcudnoetisbews'puorg eht no tuo.s15SJP12101 V1 (05/20)
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