call us now 020 7082 2385
call us now 020 7082 2385
THE PERFORMANCE OF YOUR INVESTMENTS IS SUBJECT TO RISK(S). ITS PERFORMANCE MAY FLUCTUATE BASED ON MOVEMENTS IN THE MARKET AND ECONOMIC CONDITION(S). CAPITAL AT RISK. CURRENCY MOVEMENTS MAY ALSO AFFECT THE VALUE OF INVESTMENTS. YOU MAY GET BACK LESS THAN YOU ORIGINALLY INVESTED. PAST PERFORMANCE IS NOT A RELIABLE INDICATOR OF THE FUTURE PERFORMANCE. TAX TREATMENT IS BASED ON INDIVIDUAL'S UNIQUE CIRCUMSTANCES.
It can provide the reassurance of financial protection for you, your family, and your business associates.
A Life Assurance policy pays out a sum of money when the person who is covered by the plan dies. The money is intended to pay off any outstanding debts and support your dependants financially by providing them with a further lump sum or a regular income if you die.
Please be aware that this type of assurance is based on an assessment of the health of the applicant.
THE PLAN WILL HAVE NO CASH IN VALUE AT ANY TIME AND WILL CEASE AT THE END OF THE TERM. IF PREMIUMS ARE NOT MAINTAINED, THEN COVER WILL LAPSE.
It enables you to minimise the effects of unexpected and often unwelcome future events and helps you to organise your personal and business life with greater confidence.
Most people will be aware that Health Insurance can cover the cost of private medical treatment for any acute conditions you may suffer in the future. However, there are a number of other types of health-related insurance policies which are worthy of serious consideration including critical illness and income protection cover.
All businesses that employ at least one person are legally required to have Employer’s Liability Insurance.
These days, many people are not afraid to seek compensation. No win - no fee advertisements encourage claims, and businesses need to protect themselves against liability claims that could run into millions of pounds. In addition, you could be held personally responsible and even face criminal charges if found negligent.
Adequate insurance is therefore not a luxury - it is an absolute necessity.
Many people believe that inheritance tax only affects wealthy families, however, rising property prices have meant more of us are paying inheritance tax. Whilst inheritance tax is a tax on your wealth that is paid after your death, there are often ways of reducing the liability.
Financial planning strategies exist that can help to reduce your tax liability and we will be able to help you explore your options.
Nil-Rate Band (NRB):
Every individual has a £325,000 nil-rate band. This threshold has been frozen since 2009 and is confirmed to remain in place until at least 2030.
Married Couples & Civil Partners:
If you are married or in a civil partnership, any unused NRB from the first death can be transferred to the survivor’s estate. This means a couple can currently pass on up to £650,000 free of IHT.
Tax Rate:
IHT is charged at 40% on the value of an estate above the available thresholds. This can be reduced to 36% if at least 10% of the net estate is left to charity.
Residence Nil-Rate Band (RNRB):
An additional allowance of £175,000 per person applies when a main residence is left to a direct descendant (children, stepchildren, adopted or foster children, or grandchildren).
1. For married couples or civil partners, unused RNRB can also be transferred, giving a combined potential RNRB of £350,000.
2. When combined with the standard NRB, a couple can currently pass on up to £1 million free of IHT if they meet the qualifying conditions.
Tapering for Large Estates:
The RNRB is reduced by £1 for every £2 that the estate exceeds £2 million. This means estates worth £2.35 million or more will lose the RNRB entirely.
Who Cannot Benefit from the RNRB:
1. Estates with no qualifying direct descendants.
2. Estates exceeding the taper threshold where the RNRB is fully eroded.
or email us at info@pentagonwealth.com
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Pentagon Wealth, 100 High Street, 5th Floor, The Grange, London, N14 6BN
Pentagon Wealth Ltd (FCA No. 846206) is an appointed representative of Julian Harris Financial Consultants (FCA No. 153566), which is authorised and regulated by the Financial Conduct Authority.
Pentagon Wealth Ltd – Registered Address: 100 High Street, 5th Floor, The Grange, London, N14 6BN – Registered in England, No. 846206.
The Financial Ombudsman Service (FOS) is an agency for arbitrating on unresolved complaints between regulated firms and their clients. Full details of the FOS can be found on its website at www.financial-ombudsman.org.uk.
The guidance and/or information contained within this website is subject to the UK regulatory regime and is therefore targeted at customers based in the UK.
