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WHAT WE OFFER

Our advisers have significant experience in a range of areas, and are able to provide bespoke specialist advice on everything from mortgages to pensions.

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IFAs

While there are many places to turn to for financial advice, an Independent Financial Adviser (IFA) is able to offer you unbiased advice on financial products across the entire market.

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MORTGAGES

We know how time consuming it can be to establish exactly which mortgage is right for you. Our financial advisers can help you select the best mortgage available, and help with the paperwork that comes with it.

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FINANCIAL ADVICE

When it comes to more complicated financial matters such as investments or pensions, a financial adviser who knows the ins and outs can point you in the right direction.

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SAVINGS & INVESTMENTS

There are many different types of savings and investments, each with different structures and tax implications. We can discuss your aims and objectives and recommend the most suitable ways to achieve your goals.

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TAX PLANNING

Taxation can be very complicated. The rules, reliefs and allowances often change, meaning it is important to stay on top of the current laws to ensure you're managing your finances in a tax-efficient way.

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PENSIONS & RETIREMENT

As pension specialists, we can provide advice on areas of pensions which other advisers simply aren't qualified to advise in. We can help you decide how much you should be putting in your pension as well as ensuring that your pension contributions are tax efficient.

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ESTATE PLANNING

Unfortunately, estate planning is not just for the retired or the wealthy. We can help arrage your estate appropriately so that it is distributed in line with your wishes.

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EQUITY RELEASE

Equity release describes a range of products that allow you to release the cash tied up in your home without moving. Niche are regulated by the FCA to advise and sell equity release products.

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INSURANCE

Hopefully you will never need to make a claim against your insurance. However, if the time comes, you want to be absolutely sure that the insurance you have is right for you. Here at Niche, we can help decide what type and level of insurance is suitable based on your current situation.

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LONG TERM CARE

Providing long term care can sometimes be a serious financial burden on those who need care and their relatives. We work closely with care providers and solicitors to provide specialist advice on care fees and funding long term care.

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SERVICES TO OTHER IFAs

We are a firm of Chartered Financial Planners with a team of highly knowledgeable advice givers. With this in mind, we have the capacity to increase our business and look after a larger "bank" of clients without reducing the quality of our service.

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Pensions & Retirement

PENSIONS & RETIREMENT

Overview SIPPs

Workplace Pensions

Enhanced Annuities Pension Tidy Up Pension Transfer Pension Changes 2015

Setting up a workplace pension

Compulsory Auto-enrolment schemes

What is auto-enrolment? Auto-enrolment is part of new legislation introduced by the government in October 2012. The legislation requires all UK employers to automatically enrol all employees that meet the qualifying criteria (depending on age and salary level) into a pension scheme. The scheme itself also needs to meet certain government requirements. This will be rolled out fully over a five and a half year period. UK companies with the largest workforce are first to participate, with their staging dates beginning in October 2012, followed by medium sized companies and finally small and micro companies.

Why has auto-enrolment been introduced? The regime has been introduced simply to increase pension savings. It is designed to encourage people to think more about how they will fund their retirement. This is crucial as we are now living longer than ever before – allowing us the opportunity to enjoy retirement for longer too. However, UK retirees will lack the means to do so if current trends of inadequate savings persist. Being automatically enrolled into a pension, with the added bonus of their employer's contributions and tax relief, should dramatically boost the number of UK adults preparing for their retirement years more sufficiently.

Who will it affect? Auto-enrolment will affect all UK companies. They are legally obliged to set up a workplace pension for their employees, which complies with the government's auto-enrolment regulations. Auto-enrolment will also affect everyone who is employed, aged between 22 and state pension age, earning over £9,440 per annum.

Employee Categories:

Employee Category Note Age Salary
Eligible Jobholder Must be enrolled Between 22 & State Pension Age (SPA) Earns above the auto-enrolment trigger of £9,440
Non-eligible Jobholder Does not have to be auto-enrolled but can choose to opt-in
Between 22 & SPA
Between 16 & 21 or SPA & 74
Earnings above trigger (£9,440)
Earnings above trigger (£9,440)
Entitled worker Does not have to be auto-enrolled but are entitled to join Between 22 & SPA Earns below lower earning threshold (£5,668)