Shawclough & Healey November 2021

ADVERTISING FEATURE
Andy P Collins Wealth Management Limited
Intergenerational Planning
– These words mean many
things to many people, and this
is probably the most diverse
area of planning where I am
regularly asked to assist. The
baby boomers have undoubtedly
made asset wealth on property
and some may have inherited or generated wealth.
However, the questions they ask are “Will we run out of
money“ – “Can we pass our wealth to our offspring”.
Initially, simple planning such as Wills* and Lasting
Powers of Attorney, of which there are two – Health
& Welfare and Property and Financial affairs is the
starting point. I work with fellow professionals where
necessary to create these structures.
Every person has circumstances which are different,
which is why it is critical a full discussion takes
place. Following that start point, it is a matter of
understanding what you are trying to achieve with
all that you have, and then create a bespoke plan
that is flexible to meet any changing circumstances
i.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 all
of the opportunities to mitigate it. Allowances such
as nil rate bands, Resident Nil rate Bands and annual
exemptions which are sufficient for most people to
achieve their outcomes.
Where more complex situations arise, I will look
to include any number of the following: PETS over
7 years and structures that are effective after 2
years, Business relief, Trusts, Gifting, Loan Trusts,
Discounted Gift Trusts, Charitable donations, Rysaffe
structures, Protection, Tenants in Common, Pensions
and annual exemptions. Increasingly we see changes
to Gifts with reservation and Deprivation of assets
legislation, but with careful planning and flexible
arrangements you can have your cake and eat it
ensuring that taxation is not the largest inheritor of
your estate, but your family are.
So you know what to do – 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.
*Will writing and Powers of Attorney involve the referral to
a service that is separate and distinct to those offered by
St. James’s Place and along with Trusts are not regulated
by the Financial Conduct Authority.
To book an appointment contact me
directly with confidence and no obligation
on 07831 686716 or 01706 620613.
Meetings can be arranged face to face or
virtually using Microsoft Teams or Zoom
to maintain social distancing.
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.
14 To advertise call 07976 289967 or 07974 434793 or email sales@streetwisemag.co.uk