We are family-run, Independent Financial Advisers, and from our base in Shrewsbury, we provide individually tailored financial advice to clients across Shropshire, Powys, Herefordshire and Staffordshire. Developing a holistic retirement plan, can involve a variety of financial assets which can provide an income.
With life expectancy increasing, a good financial plan can help you prepare for later life, either for you or your family. Despite how independent you are now you may need to explore the long-term care options available to you now or for the future. Inheritance tax is an avoidable tax, and with good planning your wealth can be passed on to your loved ones.
With life expectancy increasing, a good financial plan can help you prepare for later life, either for you or your family. Despite how independent you are now you may need to explore the long-term care options available to you now or for the future. Inheritance tax is an avoidable tax, and with good planning your wealth can be passed on to your loved ones.
Services
If you are struggling to make sense of all the options you have for making the most of your money in later life, you've come to the right place. Ben Walters has worked in the Financial Services industry since 1975, and set up Portland Financial Planning in 1992 as he felt there was a gap in the market for good personal financial planning, especially for the elderly and retired.
We regularly provide our clients with both savings and investments advice. The main types of savings are Instant Access, Cash ISAs, Notice and Fixed Term accounts, and National Savings (NS&I). There is one organisation that offers a 1 million Investor Protection Scheme. We'll ask a variety of questions, so we can ascertain which is best for you.
As Benjamin Franklin famously said, there are only two certainties in life: death and taxes. So, when you've worked hard all your life to build up a nest-egg to pass on to your children, it can be hard to see it being eaten away by care fees. That's why making the right financial choices in your 60s and 70s can help you and your family when you reach your 70s and 80s.
In 2016, 18% of the people in the UK were aged 65 and over, and 2.4% were over the age of 85%. Improvements in healthcare and lifestyle mean that more of us are living longer, and many of us will need some form of long-term care. This could be support to stay living independently at home or in a care home.
Inheritance Tax (or IHT as it is commonly known), is paid on the value of the assets that a person leaves behind when they die. The current individual nil-rate band is 325,000. If you leave anything above the amount is liable to inheritance tax of 40%.
There is an additional allowance called main residence nil rate band that was introduced in 2017 giving an additional 175,000 on top of the 325,000 if you pass your main residence onto your child or grandchild.Meaning a couple could leave up to 1,000,000 of inheritance tax free to their beneficiaries.
There is an additional allowance called main residence nil rate band that was introduced in 2017 giving an additional 175,000 on top of the 325,000 if you pass your main residence onto your child or grandchild.Meaning a couple could leave up to 1,000,000 of inheritance tax free to their beneficiaries.
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