Recognisable Structures in Wolverhampton

Saturday Papers: Barclays chief Jes Staley fined £2m

21/04/2018 06:45:00

And Wells Fargo has been ordered to help regulators identify the victims of its mis-selling scandal after the lender was fined $1 billion.

The Accumulator: oil's rally sparks Trump anger

20/04/2018 16:31:00

Oil has been on a tear, rallying nearly 16% over the last month, sparking an angry response from US president Donald Trump.

Norris shorts Fever-Tree, says shares could halve

20/04/2018 14:06:00

Fund manager Barry Norris bets against mixer drinks maker whose shares have risen more than 16-fold in less than four years.

Pound slumps as Carney casts doubt on May hike

20/04/2018 10:35:00

Pound continues decline as Bank of England governor Mark Carney suggests interest rate rise in May is not a foregone conclusion.

Barclays boss Staley faces fine for whistleblowing scandal

20/04/2018 07:51:00

Regulators have imposed a fine on Barclays boss Jes Staley after concluding a year-long probe into his conduct after he tried to uncover the identity of a whistleblower.

The Expert View: Rio, Marks and Spencer and Debenhams

20/04/2018 05:00:00

Our daily roundup of analyst commentary on shares, also including National Express and CYBG.

John McDonnell: I will not be a 'raving extremist'

19/04/2018 14:48:00

Labour shadow chancellor John McDonnell has promised he has 'no tricks up my sleeve’ in a speech addressing his relationship with the City.

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

Monthly Market Outlook - February 2018/March 2018

most noticeable in the US where the big tech stocks have led the bounce back, with the Nasdaq Composite index making an all-time high in the past...Read More

Spring Statement 2018

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