The Individual Savings Account (ISA) is a rare opportunity which the Government offers you to shelter your money from the tax man. For every pound you put in, you pay no further personal tax on any profits earned and do not even have to declare its existence to the tax man. This tax year (2011/12), you can invest up to £10,680. However, the tax year can fly by, so you need to make sure you act early or you lose the year's opportunity forever.

Of the £10,680, up to £5,340 can be invested into cash - on deposit with a bank or building society or via cash funds.  There are also thousands of different investment options available – from cash and bonds through to property, equities and even overseas companies – so you can be confident that, whatever your aims and objectives, there is a suitable home for your money. As professional financial advisers, it is our job to make sure you get that right.

ISAs are available for lump sum investment but also for regular savings. Whatever you choose to do, however, the deadline is approaching and you therefore need to start planning to make sure you can take full advantage. Of course, you do not have to use the whole allowance - but if you can, or if you have investments elsewhere that could be transferred over, sheltering them within an ISA does provide a more tax efficient way to hold on to any gains you do make.
Please note: the exact tax benefits of ISAs vary depending on your circumstances and are subject to change.

 If you would like a copy of our free guide to ISA’s or would like to talk to an adviser about the basic principles of ISAs and the different savings options and tax benefits please contact us via email at info@pwmfp.co.uk or call us on 0844 568 9990.  

 

The voting for our Christmas Card Competition will close on Friday 25th November 2011 at 11am so get voting for your favourite.

We would like to thank everyone who has voted so far, we have received over 580 votes, which is amazing.  These votes will be added to the judges scores and the winner will be announced on 9th December.

Firstly can we say a massive thank you to all the children for making this the best competition yet.

We've had 335 entries from 7 schools in the Uckfield area so a massive thank you also goes out to the teachers as well.

As the entries have been so good we have decided to put on an exhibition of all the cards on the 9th December at the Foresters Hall in Uckfield.

The doors will be opened at 3.30pm with the announcement of the winner and prize giving beginning at 5pm.

To help us decide on the winner please have a look at the top ten above and then visit our Facebook page to vote by clicking the following link http://www.facebook.com/pages/Private-Wealth-Management-Ltd/134234296588252

The cards have been produced by

1. Ted Whiting - Manor Primary

2. Daisy Efford - Harlands

3. Kiara Dunn - Manor Primary

4. Elliott Foster - Rocks Park

5. Poppy Chesson - Harlands

6. Ben Wickens - Manor Primary

7. Andrew Stears - Rocks Park

8. Amy Swain - Little Horsted

9. Ethan Lewis - Harlands

10. Hannah Rofe - Broad Oak Primary

Please vote by clicking HERE 

Children are being invited to enter a competition to design a Christmas card for an Uckfield firm and raise £150 cash for their school.

"Last Years Winners"

The winning drawing will appear on cards to be sent to all clients of Private Wealth Management, an independent company specialising in financial and lifestyle planning.

Managing director Mark Robinson said more than 100 children entered a similar competition last year and he was so pleased with the results that he had decided to run another one.

“We were able to send out Christmas cards carrying an individual design last year while at the same time benefitting a local school. We were all winners and that’s why we are running the competition again,” said Mr Robinson.

Application forms are going out to primary schools in Uckfield and surrounding villages. The closing date for entries is November 11.

The winner will receive the £150 for their school and a £25 Argos voucher for themselves. They will also receive a pack of ten of the cards to send to their family and friends.

Ten finalists will each receive a Crayola Mosaic Madness Art Set.

Private Wealth Management is based at Maple Barn, Beeches Farm Road, between Uckfield and Isfield and can be contacted on 0844 568 9990.

A new financial adviser has joined the Uckfield-based financial planning company Private Wealth Management. to offer advice to business and individuals in relation to Pension Planning and Investments.

Derek Goodsell, pictured here, who has 35 years experience in the industry, will offer a full range of financial advice while specialising in helping businesses prepare for new compulsory pension rules.

Mr Goodsell, aged 61, lives in the Langney Point area of Eastbourne. He is married to Sue and has two grown up daughters, Sarah and Lucy, and two grandchildren who also live in Eastbourne.

Mr Goodsell will represent Private Wealth Management at meetings of Uckfield and Eastbourne Chambers of Commerce.

Private Wealth Management director Mark Robinson said he was pleased to welcome Derek to the team.

“I am looking forward to expanding the business and moving more into the Eastbourne area where Derek will be based.”

Private Wealth Management, which was awarded Buy with Confidence status last year, is an independent company offering advice on wealth management, retirement planning, inheritance tax planning and bespoke financial plans.

 

It is based at Maple Barn, Beeches Farm Road, between Uckfield and Isfield.

Understanding your customers is what every business seeks to achieve and in financial world that is an absolute must.

Business Scene this month starts by talking to two firms who can help ensure you make the most of your money, writes Paul Watson.

Private Wealth Management seeks to bring clarity to people’s finances by first ensuring they clearly understand what people’s goals are.

That sounds simple. However, many people have never sat down and considered what their goals are.

Have you been asked what your dreams and aspirations are?

Do you think they are unattainable or plain silly?

And when it comes to investing for retirement, many people will have any number of plans, bought successively over the years without knowing what everything has been done for. Valuation statements will come in but people cannot see the big picture.

Mark Robinson, of Private Wealth Management, said they seek to bring clarity to the situation and offer solutions to help people achieve their desired lifestyle in retirement.

He stressed the need for Tax Efficient Asset Management; using a person’s allowances (such as ISAs, capital gains) and ensuring the money “worked harder”.

One of their clients had been able to retire three years earlier because of the work done by PWM.

The company believes in keeping things simple. “It is crucial we do not over-complicate things because that is when things start to go wrong”, Mr Robinson said.

"We make sure that the policies people have are properly relevant and efficient, that they are using all their allowances and that their risk profile is monitored," he said.

Protecting your family’s financial security Having the correct protection strategy in place will enable you to protect your family’s lifestyle if your income suddenly changes due to premature death or illness. But choosing the right options can be difficult without obtaining professional advice to ensure you protect your family from financial hardship. We can ensure that you find the right solutions to protect your assets and offer your family lasting benefits. It is essential that you are able to make an informed decision about the most suitable sum assured, premium, terms and payment provisions. There are potentially three main scenarios that could put your family’s financial security at risk: the death of you or your partner; you or your partner suffering from a critical condition or illness; and you or your partner being out of work due to an illness or redundancy. We can help you calculate how much cover you may require, whether this is for capital or for income, or both. You may find that a lump sum of capital is needed to repay debt such as a mortgage or perhaps cover the cost of moving house. In addition, income may also be required to help cover your normal living expenses. Think about how long you may require the cover and what you already have in place. We can help you review your existing policies and also take into consideration what your employer provides in the way of life insurance and sickness benefits. Protecting your family from financial hardship Whole-of-Life Assurance Provides a guaranteed lump sum paid to your estate in the event of your premature death. To avoid Inheritance Tax and probate delays, policies should be set up and written under an appropriate trust. Term Assurance For capital needs, term insurance is one of the simplest and cheapest forms of life insurance. If you die during the term of a policy, a fixed amount of life insurance is paid, normally tax-free. A mortgage protection policy is a type of term insurance used to cover a repayment mortgage, with the death benefit reducing as the balance of your mortgage reduces. Family Income Benefit For income needs, family income benefit insurance is a worthwhile consideration. This can provide a monthly, quarterly or annual income, which under current rules is tax-free. Critical Illness To protect you if you or your partner should suffer from a specified critical condition or illness. Critical illness insurance normally pays benefits tax-free if you suffer from one or more illnesses, diseases or conditions specified in the policy terms. Terms can vary tremendously between providers, so it is difficult to assess your precise needs without obtaining professional advice. If you combine critical illness insurance with life insurance, claims are paid whether you die or suffer the critical illness. Income Protection Insurance Income protection insurance is designed to pay you a replacement income should you be unable to work due to accident, injury or illness. A replacement percentage of your income is paid until you return to work, retire or die. Rates vary according to the dangers associated with your occupation, age, state of health and gender.

Uckfield based financial planning firm, Private Wealth Management, have launched a new version of its website www.pwmfp.co.uk.

 

The new website has been created with new and existing clients in mind. There are several new features on the website including a downloadable company brochure and the opportunity to register for the company’s free bi-monthly magazine, Wealth Matters. Existing clients of Private Wealth Management can also log in via the website to obtain up to date valuations of their pensions and investments.  

 

Private Wealth Management was founded in 2000 with the purpose of helping individual clients achieve their financial and lifestyle goals through the proper management of their finances. Managing Director Mark Robinson says “Having our own bespoke website allows us to incorporate the latest news about Private Wealth Management together with information that is useful to our existing clients and potential new clients.  We intend to keep developing the website to ensure that we always meet the needs of our clients.”

Private Wealth Management recognise that all clients have different financial needs and objectives. As such, they pride themselves on the personal nature of the service they provide and their ability to address those differences. Whether you are a business, or an individual or couple needing help with a specific financial need, Private Wealth Management can help you.

To arrange an obligation free meeting and to discuss your individual requirements please call 01825 700460.

It's been a while in the making but we are really happy with the development of our new site.

Hopefully we will have the new site up and running in a week or so.

Please keep checking back so you can be the first to get the link.