Hopwood & Heywood October 2021

ADVERTISING FEATURE
Andy P Collins Wealth Management Limited
Neutralising tax costs or
the impact of taxes - an
interesting subject!
National Insurance (N.I.)
contribution - the 2nd biggest tax
paid by those working, is a social
tax, receipts pay for Pensions
and benefits available to individuals in the community.
Government is expected to announce an increase of
1.25% to N.I. and Dividend Tax April 2022, to cover the
cost of social care reform, providing better care in the
community, seen as critical to reducing the impact on
acute care in the NHS.
N.I. payments are taken from employees’ earnings,
self-employed people’s profits and paid by employers.
They are not paid by those in retirement.
One way to offset your NI contributions is to pay
into a Pension plan and receive tax relief of 20%
minimum on the premium, additionally, salary
sacrifice can reduce your earnings by the Pension
premium, reducing the amount of NI you pay.
In many cases your employer will give up the N.I.
saving they make and pay that into your Pension
plan, further boosting the contribution to your plan.
This makes zero difference to the employer – don’t
understand – Just ASK!
Even if you no longer have earnings, many of my
clients still contribute the maximum of £3,600 p.a.
into a new Retirement plan and receive the benefit of
20% tax relief on the premium – Just ASK!
Regular communication about topics such as tax
always make sense – the more I understand what is
going on in your life, the more I will be able to help you.
If you would like help identifying simple but effective
tax-saving opportunities, to reduce or neutralise tax,
then talk with me about completing a Tax Health
Check.
If you can’t reduce your tax look to neutralise the cost
– Just ASK!
I help individuals, business owners and
Directors make better financial decisions
I can’t change the events that shape your future,
however, I can ensure that you’re prepared with a
bespoke plan, and your resources are employed
focused on desired Goals.
As part of my understanding you as an individual or a
business, I review existing plans to check if they are
fit for purpose, and your current wealth is protected,
should any changes not be one you had planned.
So, if you don’t have a plan or just wish to check that
what you have in place is working with you towards
your Goal, then – Just ASK!
Andy is widely regarded as a Financial Services
business leader with a demonstrated history of
success at board level. His thirty plus years of
Financial services experience has enabled him to
draw on a wealth of knowledge and skills.
During that time, he has held Head of sales, Director
and Senior management roles with some of the
UK’s leading institutions.
I am locally based and offer planning in
the 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 directors
and key people
• Aspects of tax efficient business exit strategies.
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. The value of any
tax relief is dependent on individual circumstances.
To book an appointment contact me
directly with confidence and no obligation
on 07831 686716 or 01706 620613.
Please visit my website for more
information www.andypcollinswm.co.uk
St. James’s Place guarantees the suitability of the advice
given by members of the St. James’s Place Partnership
when recommending any of the wealth management
products and services available from companies in the
Group, more details of which are set out on the Group’s
website at www.sjp.co.uk/products.
8 To advertise call 07976 289967 or 07974 434793 or email sales@streetwisemag.co.uk