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.
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 Independent Financial Advisers 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.
Tax planning & wealth management
Planning your taxes
When it comes to taxes, it's wise to ensure you aren’t paying more than you need to.
Taxation can be very complicated and the rules, reliefs and allowances often change, so it’s important to make sure you are aware of the current laws to make sure you can manage your personal finances in a tax-efficient way.
By understanding how taxation works you should be better prepared to manage your finances, and could end up saving money in the long run.
In the UK, the tax year runs from 6 April through to 5 April. During this time the government requires everyone to pay an appropriate level of income tax on their earned income. As well as income tax there are also many other different forms of tax; the major ones are:
- National Insurance
- Capital Gains Tax
- Inheritance Tax
- Corporation Tax
IFAs take this into consideration when you seek advice, they also look at your finances and current personal living conditions. There are a few ways that you can reduce your tax liability:
- Ensure that there is an appropriate split of income between spouses (if married)
- Review investment vehicles to seek capital returns rather than income returns
- Incorporation of a sole trader or partnership
- Pension contributions
- Gift aid payments
- Reviewing the tax efficiency of the dividend/bonus/pension payment
- And many more
What we do
Tax planning is best done with the help of a financial adviser, and we at Niche have years of experience in helping clients manage their taxes so that they can save the maximum amount legally.
We will be able to help you plan your taxes in advance, and come up with effective strategies that will use the legal reliefs and allowances to minimise the amount you have to pay.
Then we will usually assess your financial situation, and look at your financial goals to help come up with a suitable strategy for you.