Retirement planning | Building an effective investment portfolio | Stocks & shares ISA | Protection & insurance | Inheritance tax | Long-term care | Mortgages | Financial advice for your business | Wealth management | Taxation planning | Equity release
We are here to make sure you get the financial advice you need, tailored to your individual circumstances, goals and aspirations. Tenet is one of the UK's largest adviser groups so we have hundreds of financial advisers and mortgage brokers across the country who can help you with your financial planning – all who receive high quality support and backing from us.
Our advisers are qualified in a number of different areas, so below is a brief overview of the services available. Please note, not all advisers are qualified in all areas.
Your adviser will conduct a thorough fact find to ensure they understand your needs and will explain this to you as part of their service, so that you fully understand the benefits and terms related to their recommendations. If you do have any questions or concerns, no matter how trivial they are, please ask your financial adviser and they will be happy to help.
“We can help you make the right choices
Whether you are looking to the future and need to set up a pension, are planning your retirement or you have already retired, a financial adviser can help you put together a financial plan that is tailored to you. They will consider your individual circumstances and goals and the type of retirement you would like.
And, with the new found freedom now available to retirees, giving access to pension pots when they reach 55 or retire, a financial adviser can help you make the right choices so that you don't end up in a difficult position later down the line in life.
As part of the service, your adviser will talk you through all your options, including the support available to you from the State, so that you take full advantage of any financial benefits which are available to you.
“Expert help could make your future bright
If you are looking to invest for the future, your financial adviser can help you put together an investment portfolio that meets your objectives. Whether you like to take risks with the aim to generate higher returns, or you don't like to take risks but still like the idea of getting better returns from your money than what's available via traditional savings accounts, an adviser will recommend the right investment solutions for you. It goes without saying that they'll help you make the most of any tax allowances that are available, such as Individual Savings Accounts (ISAs) which enable you to shelter some of your savings from the taxman.
“Invest in a stocks & shares ISA without having advice
Are you looking to utilise your ISA allowance?
The annual ISA contribution limit for the current tax year is £20,000. So, if you’re looking to use your allowance so far this tax year, you still have time to do so before 5th April 2018. This fund is also available in a Junior ISA, the annual allowance for which is £4,080 for this tax year. With the latter, only parents or guardians with parental responsibility can open a JISA and manage the account, but the money belongs to the child.
An ISA is one of the most tax-efficient ways of investing your money, so you may want to take this opportunity to contribute up to the annual allowable limit to ensure you make the most of this valuable tax concession.
When investing your hard-earned money, you'll understandably want to make sure it's in safe hands. As investment specialists, an important part of our role is to research the marketplace and let you know about investment opportunities that we believe to be worthy of consideration. To that end, we set out below details of the IFSL Sinfonia Income & Growth Portfolio which you can invest in without having financial advice.
This fund is offered by major names in the investment world and benefits from the combined skills of IFSL, BNP Paribas and NatWest. The fund mainly invests in UK assets and aims to provide both income and capital growth over the long term by investing in a diversified portfolio of equities, fixed-interest securities, warrants and cash instruments primarily through a portfolio of collective investment schemes. It is designed to meet the investment needs of those who are looking for moderate levels of investment growth.
If you are interested in this investment opportunity, get in touch with us by calling us on 0113 239 0011 or emailing email@example.com. We will then send you an application pack containing full details of the IFSL Sinfonia Income & Growth Portfolio and an application form for you to complete and return with a cheque for the amount you want to invest.
Alternatively, if you would prefer to receive financial advice on what is best for you and your individual needs, we'd be happy to arrange this for you...
“Having the right cover could be the best investment you make
Your financial adviser can help make sure you are financially protected against the things that life could throw at you. We know it isn't an easy subject to think about, however, once in place, insurance and protection are designed to give you peace of mind.
There's a wide range of different types of insurance and protection available and different levels of cover. Whether you need to set up life cover to provide a lump sum to your loved ones upon your death, critical illness cover to provide a lump sum to you if you are diagnosed with a critical illness, need a policy to provide an income in the event you are unable to work due to an accident or sickness, or need home insurance which is designed to protect your home and its contents, your adviser can help make sure you have the right level of protection for your needs.
“Keep more of your hard earned money for your family and loved ones
When you consider that in the event of your death, anything you leave your loved ones over the IHT allowance is charged at 40%, it is a lot of money for the taxman. The current allowance is £325,000 for 2016/17 tax year and is frozen to 2017/18.
It's worth saying at this point that when calculating the value of your estate, it includes your house, car, savings, valuables etc., so please don't fall into the trap of thinking inheritance tax doesn't affect you.
However, through careful planning that's tailored to your individual needs, you can mitigate inheritance tax, and in some cases avoid it altogether. For example, by arranging investments into trust, using life policies or changing your will, to name just a few, there are a number of potential means of reducing any tax bill. Additionally, a new ‘main residence nil rate band' is being introduced on a phased basis starting in 2017/18. This allows a residential property to be left to one or more direct descendants upon death, to the value of the net value of the property (less liabilities such as a mortgage) or the band limit, whichever is the lower.
“Making the right decisions will help you achieve peace of mind
Helping a loved one come to terms with the thought of long-term care or planning your own provision can be very difficult in itself, but this stress can be made much worse when it comes to ensuring care costs can be met.
Whether you are planning on getting the right care in your own home and/or helping other family members who need care, you will need to think about how it will be paid for. A financial adviser who provides long-term care advice can provide expertise and assistance on planning the financial aspects of paying for care, including eligibility for NHS and state benefits and addressing any IHT mitigation.
“With so many mortgages to choose from, let our advisers help you make the right choice
A mortgage is probably the largest financial commitment you are likely to make, so a mortgage broker, or financial adviser who advises on mortgages, can help make sure you get the right one for your needs and ensure you do not pay over the odds.
Our appointed representatives have access to literally hundreds of different mortgages from across the market and use their knowledge and expertise to search through this myriad of different deals to find the right one for you. They have access to the major lenders, such as banks and building societies, as well as mortgage deals which aren't normally available to consumers directly.
“If you thought losing a key employee wouldn't impact your business, it's time to think again
Businesses require specialist financial advice, such as making sure key people are protected in case of illness or death, help with the setting up of a group pension scheme or group protection cover for your staff.
Pension auto enrolment is a hot topic at present, so if you run a business that employs staff, your adviser can help you set up and run an employee pension scheme that meets the stringent requirements of The Pensions Regulator and which fits the specific needs of your business.
A financial adviser can provide the financial advice you need for you and your business.
“We can give you the financial advice you need
Wealth management services are usually designed for clients with at least £250k of invested assets. As such, clients are likely to primarily be concerned with minimising the amount of tax they pay on their investments and wealth preservation.
With invested assets of this value, the financial affairs could be relatively complex and require a more attentive service where your adviser may need to work with other professionals as part of a multi-disciplined team.
“Effective planning can help you keep more of your money from the taxman's grasp
There are numerous ways that you can make the most of the tax allowances available and keep more of your money out of the taxman's hands. Your adviser can use their expertise to review your situation and objectives, and then put together an effective plan to help you make the most of the opportunities available.
When you consider the additional 45% income tax, up to 28% capital gains tax for higher rate tax payers and even 40% inheritance tax, there is lot to be gained by getting expert help.
“If you are thinking about unlocking the value in your home, good advice could be worth its weight in gold
Equity release refers to a range of products that let you access the equity (cash) tied up in your home if you are over the age of 55. You can take the money you release as a lump sum or, in several smaller amounts or as a combination of both.
There are two equity release options:
There are plenty of things to consider before releasing equity from your home as you will be reducing the amount of inheritance available for your family, so before taking a big step it is sensible to take professional financial advice.
Your adviser can help ensure you understand all the implications of any decision and make sure your future is as comfortable as possible with the best equity release products to meet your needs.