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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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Tax Planning

TAX PLANNING

Overview Capital Gains Tax Inheritance Tax Corporation Tax

Income Tax

Income Tax

What is Income Tax?

Income Tax is a tax on individual earnings, which is paid to the government. This tax is then used to pay for hospitals, child care and schools.

However a lot of people don’t know that their entire lives can affect their Income Tax; your job, your savings, your living conditions and lifestyle can all affect how much Income Tax you pay. Only certain things are taxable; like earnings from your employment, income from your pension, income from property, shares or dividends and interest from savings.

Which income is not taxable?

Some income is not taxable, which means that tax is not paid on it. This income should therefore be ignored when estimating how much tax is payable. Examples of income which is not taxable include premium bond prizes, Housing Benefit and Child Benefit.

What are the tax levels?

The Basic Tax Rate – up to £31,785 - will be taxed at 20%

Higher Tax Rate – Between £31,786 and £150,000 - will be taxed at 40%

Highest Tax Rate - Over £150,000 - will be taxed at 45%

How we can help

Income Tax can be a complicated area and it can be hard to know what you do and don't have to declare for Income Tax purposes. You need to include information on many different things in your annual tax return, whether you're employed, self-employed or running a business, or getting your income from something else like property or other kinds of investments. ‘Self-assessment’ means that it is your responsibility to ensure the information submitted to HMRC is accurate.

At Niche we are experts when it comes to helping with tax planning and will make sure that you are saving the most money that you can.