We are a small practice with a number of specialist advisers covering various different areas. We pride ourselves on being large enough to accommodate nearly all financial needs yet small enough to give our clients the personal service which is so important when dealing with financial matters. Velenski & Co Ltd is Authorised and Regulated by the Financial Conduct Authority.
Financial Services Register Number 442385. Registered in England & Wales, Company Number 5541361. Registered Office address: Kalamo House, 11 Coldbath Square, London EC1R 5HL. Trading address: Devonshire House, 582 Honeypot Lane, Stanmore, HA7 1JS. The guidance and or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted to customers in the UK.
Financial Services Register Number 442385. Registered in England & Wales, Company Number 5541361. Registered Office address: Kalamo House, 11 Coldbath Square, London EC1R 5HL. Trading address: Devonshire House, 582 Honeypot Lane, Stanmore, HA7 1JS. The guidance and or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted to customers in the UK.
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In recent years the pensions industry has become more advanced in terms of the flexibility of investments available and the structure of the actual pension arrangements. It is an area of constant change and you should consult us regularly to make preparations for a secure and enjoyable retirement. A Self Invested Personal Pension (SIPP) is a tax-efficient wrapper within which a wide range of investments can be held.
All monies invested into your fund grow free of capital gains tax, and the contributions you make are enhanced by income tax relief at source. For example if you invest 80, the government adds on tax relief (currently 20%) to enhance your contribution to 100! If you are a higher rate taxpayer you can claim additional relief through your PAYE coding.
Many companies offer a pension scheme to their employees. There are numerous different types available and usually the company will put some money into your pension if you decide to join. It is important that you take into account your existing pension provision or that from your previous employer before making any decisions.
Draw your benefits from your current scheme. Pension arrangements can usually provide an immediate Tax Free Cash (TFC) sum of 25% with the remaining fund generating an income which is subject to income tax. Often taking the funds from the existing provider and shopping around on the open market can considerably increase the level of your income.
Businesses may want to protect the key employees within their firm - perhaps the key salesperson, or the IT manager without whom the business will not function properly. Keyperson / shareholder / partnership protection can provide a fixed sum should the individual be unable to work, or even die.
The benefit will be designed to cover the firm's expenses in meeting any emergency costs, recruiting a replacement employee and protecting the future of the business.If a shareholder were to pass away, the firms remaining shareholders or directors may want to purchase the deceased's shares from their estate promptly to maintain control of their business.
The benefit will be designed to cover the firm's expenses in meeting any emergency costs, recruiting a replacement employee and protecting the future of the business.If a shareholder were to pass away, the firms remaining shareholders or directors may want to purchase the deceased's shares from their estate promptly to maintain control of their business.
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Jon Morley
Nov 24, 2014
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