Recognisable Structures in Wolverhampton

Saturday Papers: Goldman plans to expand investment banking

24/03/2018 05:07:00

And Dropbox surges to exceed private valuation in market debut.

Woodford slashes Astra stake as redemptions mount

23/03/2018 16:00:00

Neil Woodford has coupled need to meet redemptions on his Equity Income fund with further tilt towards UK domestic stocks.

Aviva scraps plan to cancel preference shares

23/03/2018 11:45:00

Aviva has abandoned its plan to cancel high yield preference shares after a backlash from retail investors, fund managers and MPs.

Global markets dive as trade war fears intensify

23/03/2018 11:07:00

European markets follow Asia and US into the red, but FTSE 100 spared the worst of the losses.

Platform tax ruling: are you due cash back?

23/03/2018 07:00:00

Hargreaves Lansdown customers aren't the only ones who stand to benefit from the online stockbroker's victory against HMRC.

The Expert View: Reckitt, Interserve and Crest Nicholson

23/03/2018 05:00:00

Our daily roundup of analyst commentary on shares, also including Ted Baker and Marshalls.

Friday Papers: Trump tariffs target strategic Chinese sectors

23/03/2018 03:30:00

And Bank of England keeps interest rates steady at 0.5% but sets the stage for a hike in May.

Overnight Markets: Shares tumble after Trump’s tariff move

23/03/2018 02:05:00

The Dow Jones plunged 724 points on fears of a potential trade war.

Financial Security FAQ

Below is a list of the most frequently asked questions we are asked at PIA Wealth Management.

For more information and to find out how we may be able help you with your own individual situation please contact us and arrange an appointment. We always offer the first meeting with new prospective clients at our own expense.

What happens if I die without a Will?

Research suggests that nearly 70% of parents with young children have not written a will and even 40% of people over 50 have not got round to it as yet. Successful completion ensures there is adequate financial provision for dependents, as well as specifying who should care for them in your absence. If you die without a will then assets are distributed according to the rules of intestacy. This means partners may get nothing, and even a spouse may not receive what they might expect.

Those who do try to organise matters themselves often make fundamental mistakes and this can cause many problems just at a time when this is extremely upsetting and in many cases very sensitive.

How can I protect my Inheritance?

We all want to protect the wealth we have generated throughout our lifetime and having duly paid all our taxes during life there is a desire to then protect what has already been accumulated and taxed at our date of death. The main reason is to be able to pass back our hard earned wealth to family members and loved ones so that they can benefit from your hard work.

What happens if I exceed the Lifetime allowance?

In a nutshell you will pay tax on the excess at 55% if you take the excess in a lump sum or 25% if you take the excess by way of a pension. You can save as much as you like towards your pension but there is a limit on the amount of tax relief you can get. The lifetime allowance is the maximum amount of pension saving you can build up over your life that benefits from tax relief. If you build up pension savings worth more than the lifetime allowance you'll pay a tax charge on the excess as covered above.

Like all of these situations it is never quite as straightforward as it sounds and certainly if you are a professional person with a superannuation scheme, how do you convert this pension to a figure that relates to the current allowance of £1m?

Doctors, dentists and other high earners are generally affected by these restrictions and therefore it is imperative that you seek professional advice in this very complex area.

What should I do with my large ISA funds?

Every person over the age of sixteen and living in the UK can save money in an ISA and this allows investors to shelter money from the taxman. Ordinarily, returns on savings and investments are subject to income or capital gains tax but money held within an ISA is generally considered to be tax-free. However many investors are unaware that their ISA fund is actually subject to the tax credit on dividend income received by the fund which is not recoverable. Cash and fixed interest funds are deemed to receive interest rather than dividends and so a 20% tax credit is recoverable in those circumstances but it would probably be more accurate to describe ISA's as 'tax friendly' rather than 'tax free'.

There are two types of ISA: a stocks and shares ISA and a cash ISA. Cash ISAs are like any other standard savings account, but with one fundamental difference: you don't pay tax on any interest you earn.

Large ISA pots are now being accumulated as this investment vehicle has now been around for many years and as fund sizes continue to grow year on year so does the likelihood of Inheritance tax implications on death.

PIA Wealth Management in Wolverhampton specialise in this area of advice. We always offer a first meeting with prospective clients at our own expense. Please call Richard Bourne, Business Development & Marketing Manager on 01902 379900 or E-Mail Richard will arrange the initial meeting for you with our most appropriate adviser.

Our Brochure


To briefly summarise who we are and what we can do to help you to achieve all your financial goals and aspirations please download our pdf brochure.

News & Blog

Spring Statement 2018

We have created a PIA summary and commentary following the Spring Statement from Philip Hammond....Read More

Monthly Market Outlook - January 2018/February 2018

It has been a turbulent few weeks in global markets, which saw a strong start to the year and then a sharp fall from the January highs. While...Read More