FAQs
Answering your questions and providing clarity on our extensive range of services is one of our most important tasks. We might have already answered some of your initial questions below.
Wealth Management
Our wealth management services have remained transparent since day one.
Retirement
Find answers to other clients’ most asked retirement planning questions.
Savings and investments
Check the savings and investments information other clients have needed.
Wealth Management
Our wealth management services have remained transparent since day one.
Retirement
Find answers to other clients’ most asked retirement planning questions.
Savings and investments
Check the savings and investments information other clients have needed.
Estate Planning
Q
Can putting my money and assets into a trust reduce Inheritance Tax?
A
With different types of trusts available, they are often subject to different Inheritance Tax rules. Whether you can reduce how much Inheritance Tax you need to pay – or whether you can eradicate the bill entirely will depend on what type of trust you open. We can advise you on the various trust types you can access.
Q
What should I look for in an estate planning provider?
A
An initial chat will give you critical information. You will get a feel for whether you will work well together, whether you find them trustworthy, helpful and knowledgeable. You will be able to assess their experience, qualifications and dependability – and importantly, how other clients feel about these things – by way of reviews and testimonials given by those who have use their services before.
Q
At what age should I look at estate planning?
A
Many think of estate planning as something that should be done in later life. In fact, it is prudent to begin estate planning from young adulthood. It is likely you already have more assets than you realise. Of course, your plans will need to evolve at different life stages, to ensure your assets are protected and to make sure your family’s future is secure.
James Leighton Wealth Management
Q
How do you make money if your fees are low?
A
Offering lower fees means more people can access wealth management services. This is something we are very proud of at James Leighton Wealth Management. All financial services advisers receive a commission from providers. However, what sets us apart is that we never burden you with any additional fees, meaning you can hold on to your money for further investment opportunities.
Q
What questions will you ask at the full fact find stage?
A
The fact find is a chat between you and your adviser. Typical questions they will ask include: “Could you tell me more about yourself and what you would like to achieve?” or “What are your goals and plans for the next 5 years? 10 years? 20 years?”. All questions are to help your adviser create the most suitable plan for you.
Q
Do I have to decide upfront whether I want annual reviews?
A
Annual reviews are optional. If you feel they are going to help you on your wealth management journey, you can opt in from the start – or at any time thereafter. Alternatively, you may prefer to take care of this yourself and find that you don’t need any additional input.
Q
How can I minimise taxes on my investments?
A
You can do this in various ways. One of the easiest is to utilise your Individual Savings Account (ISA) allowance. You can increase your pension contributions. And you can manage Capital Gains Tax (CGT) on other, non-ISA, investments. It pays to be mindful of your personal savings allowance. And you can use your spouse’s allowance, depending on your relationship status.
Q
Is wealth management only for high-net-worth individuals?
A
Contrary to popular belief, wealth management services are not just for high-net-worth individuals. Because wealth management covers a multitude of financial planning areas – from investment management to retirement planning – it is useful for everyone. Designed to help you grow and protect your wealth – even transfer it across generations. Our wealth management provisions are accessible for all our valued clients.
SHOW MORE
Savings and Investments
Q
Typically, what kind of growth can I expect from investing?
A
We understand that you are likely to be investing to grow your wealth and that you’ll want to know what your return will be. While we are unable to provide a specific number, our advisers will be able to give you some indication of what you might achieve. It’s important to note that by their very nature, no investment comes with any guarantees.
Q
What is the best way to grow my savings?
A
Fixed-rate savings bonds are one of the surest ways to grow your savings. By locking your money away for a specified timespan, banks pay a fixed sum of interest, which is confirmed from the outset and guaranteed until maturity. Although, regardless of how high or low interest rates are, these bonds don’t tend to outperform inflation significantly, if at all.
Q
Can I still get access to mortgage deals?
A
There are many different types. The ISA is one of the most popular kinds. There is also the Junior ISA for young dependants. Unit Trusts provide various benefits and offer a medium to long term solution for capital growth and income. Investing for income and investment bonds, offshore investments and portfolio solutions are just some of the different kinds available.
Tax Planning
Q
What tax documents do I need to show my financial adviser?
A
We will need to see tax documents such as recent employee payslips or your P45/P60. This can make your position clear on National Insurance (NI), Capital Gains Tax (CGT), dividend tax and income tax. If you are self-employed, bring your most recent Self Assessment tax return (previous returns will be helpful).
Q
Do I really need professional tax planning services?
A
This depends on your circumstances. People tend to use tax planning services if they have had a major life change, if they own a business or have multiple sources of income, if they are preparing for retirement or estate planning, or if they simply want to save themselves time.
Q
What should I look for in a tax planning service provider?
A
The most important thing to be certain about is whether you trust them to take care of your taxes. This is vital as the consequences can be very high should their work be unlawful in any way. You can get a feel for how trustworthy an adviser is by talking to them, and checking their experience, qualifications and client feedback and testimonials.
Wealth Management
Q
What is meant by wealth management services?
A
Wealth management services vary depending on the company. Generally, speaking, they include a suite of services providing the opportunity to work with a financial planner. Services are likely to include financial planning and strategies to grow and protect your assets.
Q
When might I need a wealth management strategy?
A
You may need a wealth management strategy if you:
- want to save time for continuing to build your wealth and doing the things you most enjoy, while a specialist protects and grows your funds.
- are at the start of your financial journey and would like to follow a bespoke plan from the outset.
- are at a certain stage of your financial journey and need help with specific plans around retirement or managing tax, for example.
Q
What should I look for in a wealth management firm?
A
While you are likely to instinctively know whether a wealth management business will work well with you, your circumstances and goals, there are a few things to be mindful of when choosing who you will trust with your finances. Look for:
- proven expertise – testimonials and reviews from satisfied clients that will give you peace of mind.
- experience and relevant qualifications.
- helpful, communicative staff that go above and beyond to provide the highest levels of service.
Q
What is the significance of wealth management?
A
Wealth management is vital as it helps prepare you for making smart financial decisions – about its growth, about preserving your assets and about planning for a comfortable retirement. With the right assistance, you can avoid costly mistakes, increase returns on your investments and strengthen your portfolio.
Q
Why should I consider professional wealth management planning?
A
Working with an adviser for your wealth management strategy brings many benefits. Not only will cash flow control be easier, so will maintaining your current lifestyle, free from the worries of insufficient retirement funds. You will save yourself time. A professional can have your plans working fast. And you won’t have the hassle of making necessary arrangements – it will all be taken care of for you.
SHOW MORE
Got another question?
If you cannot find the answer to your question above, contact our team and we'll be happy to answer it. You might even find it here the next time you visit!
Estate Planning
Q
Can putting my money and assets into a trust reduce Inheritance Tax?
A
With different types of trusts available, they are often subject to different Inheritance Tax rules. Whether you can reduce how much Inheritance Tax you need to pay – or whether you can eradicate the bill entirely will depend on what type of trust you open. We can advise you on the various trust types you can access.
Q
What should I look for in an estate planning provider?
A
An initial chat will give you critical information. You will get a feel for whether you will work well together, whether you find them trustworthy, helpful and knowledgeable. You will be able to assess their experience, qualifications and dependability – and importantly, how other clients feel about these things – by way of reviews and testimonials given by those who have use their services before.
Q
At what age should I look at estate planning?
A
Many think of estate planning as something that should be done in later life. In fact, it is prudent to begin estate planning from young adulthood. It is likely you already have more assets than you realise. Of course, your plans will need to evolve at different life stages, to ensure your assets are protected and to make sure your family’s future is secure.
James Leighton Wealth Management
Q
How do you make money if your fees are low?
A
Offering lower fees means more people can access wealth management services. This is something we are very proud of at James Leighton Wealth Management. All financial services advisers receive a commission from providers. However, what sets us apart is that we never burden you with any additional fees, meaning you can hold on to your money for further investment opportunities.
Q
What questions will you ask at the full fact find stage?
A
The fact find is a chat between you and your adviser. Typical questions they will ask include: “Could you tell me more about yourself and what you would like to achieve?” or “What are your goals and plans for the next 5 years? 10 years? 20 years?”. All questions are to help your adviser create the most suitable plan for you.
Q
Do I have to decide upfront whether I want annual reviews?
A
Annual reviews are optional. If you feel they are going to help you on your wealth management journey, you can opt in from the start – or at any time thereafter. Alternatively, you may prefer to take care of this yourself and find that you don’t need any additional input.
Q
How can I minimise taxes on my investments?
A
You can do this in various ways. One of the easiest is to utilise your Individual Savings Account (ISA) allowance. You can increase your pension contributions. And you can manage Capital Gains Tax (CGT) on other, non-ISA, investments. It pays to be mindful of your personal savings allowance. And you can use your spouse’s allowance, depending on your relationship status.
Q
Is wealth management only for high-net-worth individuals?
A
Contrary to popular belief, wealth management services are not just for high-net-worth individuals. Because wealth management covers a multitude of financial planning areas – from investment management to retirement planning – it is useful for everyone. Designed to help you grow and protect your wealth – even transfer it across generations. Our wealth management provisions are accessible for all our valued clients.
SHOW MORE
Savings and Investments
Q
Typically, what kind of growth can I expect from investing?
A
We understand that you are likely to be investing to grow your wealth and that you’ll want to know what your return will be. While we are unable to provide a specific number, our advisers will be able to give you some indication of what you might achieve. It’s important to note that by their very nature, no investment comes with any guarantees.
Q
What is the best way to grow my savings?
A
Fixed-rate savings bonds are one of the surest ways to grow your savings. By locking your money away for a specified timespan, banks pay a fixed sum of interest, which is confirmed from the outset and guaranteed until maturity. Although, regardless of how high or low interest rates are, these bonds don’t tend to outperform inflation significantly, if at all.
Q
Can I still get access to mortgage deals?
A
There are many different types. The ISA is one of the most popular kinds. There is also the Junior ISA for young dependants. Unit Trusts provide various benefits and offer a medium to long term solution for capital growth and income. Investing for income and investment bonds, offshore investments and portfolio solutions are just some of the different kinds available.
Tax Planning
Q
What tax documents do I need to show my financial adviser?
A
We will need to see tax documents such as recent employee payslips or your P45/P60. This can make your position clear on National Insurance (NI), Capital Gains Tax (CGT), dividend tax and income tax. If you are self-employed, bring your most recent Self Assessment tax return (previous returns will be helpful).
Q
Do I really need professional tax planning services?
A
This depends on your circumstances. People tend to use tax planning services if they have had a major life change, if they own a business or have multiple sources of income, if they are preparing for retirement or estate planning, or if they simply want to save themselves time.
Q
What should I look for in a tax planning service provider?
A
The most important thing to be certain about is whether you trust them to take care of your taxes. This is vital as the consequences can be very high should their work be unlawful in any way. You can get a feel for how trustworthy an adviser is by talking to them, and checking their experience, qualifications and client feedback and testimonials.
Wealth Management
Q
What is meant by wealth management services?
A
Wealth management services vary depending on the company. Generally, speaking, they include a suite of services providing the opportunity to work with a financial planner. Services are likely to include financial planning and strategies to grow and protect your assets.
Q
When might I need a wealth management strategy?
A
You may need a wealth management strategy if you:
- want to save time for continuing to build your wealth and doing the things you most enjoy, while a specialist protects and grows your funds.
- are at the start of your financial journey and would like to follow a bespoke plan from the outset.
- are at a certain stage of your financial journey and need help with specific plans around retirement or managing tax, for example.
Q
What should I look for in a wealth management firm?
A
While you are likely to instinctively know whether a wealth management business will work well with you, your circumstances and goals, there are a few things to be mindful of when choosing who you will trust with your finances. Look for:
- proven expertise – testimonials and reviews from satisfied clients that will give you peace of mind.
- experience and relevant qualifications.
- helpful, communicative staff that go above and beyond to provide the highest levels of service.
Q
What is the significance of wealth management?
A
Wealth management is vital as it helps prepare you for making smart financial decisions – about its growth, about preserving your assets and about planning for a comfortable retirement. With the right assistance, you can avoid costly mistakes, increase returns on your investments and strengthen your portfolio.
Q
Why should I consider professional wealth management planning?
A
Working with an adviser for your wealth management strategy brings many benefits. Not only will cash flow control be easier, so will maintaining your current lifestyle, free from the worries of insufficient retirement funds. You will save yourself time. A professional can have your plans working fast. And you won’t have the hassle of making necessary arrangements – it will all be taken care of for you.
SHOW MORE