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.
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.
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.
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.
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.
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.
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.
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.
Equity release describes a range of products that allow you to release the cash tied up in your home without moving. Niche IFA are regulated by the FCA to advise and sell equity release products.
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 IFA, we can help decide what type and level of insurance is suitable based on your current situation.
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.
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.
Here at Niche IFA, we have developed a widely-used online suite of financial planning tools called CashCalc. CashCalc includes a cashflow modeller which we make use of to provide you with a closer look at your current financial situation and potential future.
Venture Capital Trusts & Enterprise Investment Schemes
VCTs and EISs are tax-efficient investment vehicles that are actively encouraged by the UK government to support the growth of early stage businesses – they reward you for investing in the lifeblood of the UK economy.
What are VCTs?
Venture Capital Trusts were introduced by the government in 1995 to encourage individuals to invest in small UK companies. They are supported by a number of tax incentives which reflect the fact that investment in smaller and unquoted companies is likely to involve a higher degree of risk than investment in larger companies, or those traded on the main market of the London Stock Exchange.
What are the benefits? The current tax reliefs available for qualifying investors are:
- Up to 30% income tax relief on the amount subscribed*
- Tax-free dividends**
- Tax-free capital gains on the disposal of shares**
*Subject to the shares being held for a minimum of five years with a maximum investment of £200,000 in VCTs in any tax year. The amount of relief you receive cannot exceed your income tax liability for that year.
**Subject to a maximum investment of £200,000 in VCTs in any tax year.
What does an EIS do?
Enterprise Investment Schemes were introduced by the government to encourage individuals to invest in small unquoted companies, which typically involve a higher degree of risk than investment in larger companies and those traded on the main market of the London Stock Exchange.
What are the benefits? Providing the underlying investments made by the EIS are held for at least three years, the current tax reliefs available for qualifying investors are:
- 30% upfront income tax relief (up to a maximum investment of £1 million for the 2014/15 tax year and/or £1 million carried back for tax paid in the 2013/14 tax year)
- 100% inheritance tax relief after two years (provided the investments are held at time of death)
Capital gains tax deferral for the life of the investment
Tax-free growth (provided income tax relief has been given and not withdrawn)
Who invests in VCTs and EISs?
Higher rates of income tax, pension fund restrictions and a prevailing uncertain economic climate have all made tax planning increasingly important to investors. Even more people are today seeking investments which reduce their tax burden and can generate an attractive tax-free return.