Archive for March, 2013

Tony Capener achieves accreditation by SOLLA

Posted by Sam Binstead

Chilvester Financial is pleased to announce that Tony Capener, Chartered Financial Planner and Director of Chilvester, has recently been granted accreditation by the Society of Later Life Advisers (SOLLA).

SOLLA was founded in 2008 as a not-for-profit organisation to meet the needs of consumers seeking later life advice. Their aim is to ensure that individuals are better informed about the financial issues in later life and to help them find suitably qualified and experienced advisers.

As well as advising on matters such as care fees planning and equity release, Later Life finance also includes aspects such as investments and pension income strategies, estate and successional planning including inheritance tax*, trusts and intergenerational finance.

This award which is audited and endorsed by the
governmental body, the Financial Skills Partnership, is only granted to individuals who can demonstrate expertise in advising clients in later life. The rigorous accreditation process involves the examination of advisory skills, the application of knowledge within a practical environment and the demonstration of a commitment to the highest standard of work.

Tony says “I am delighted to have received this recognition by the Society. Awareness of issues surrounding later life matters is becoming more to the fore and this award helps to demonstrate my expertise in this field both to clients and fellow professionals alike.”

As part of his brief, Tony is also able to discuss investment planning issues with adults with disabilities, adults with disabled children and also personal injury trusts.

If you would like to speak to Tony Capener about any matters raised here or surrounding later life finance in general, he would be delighted to speak to you.

 

* Taxation advice is not regulated by the Financial Services Authority.

Save yourself some money!

Posted by Sam Binstead

When we think about savings, most of us place our money in Building Societies or Banks; not many of us keep a tin under the mattress anymore!

With interest rates so low and a recent distrust of banks, many people can be unsettled to move their savings, but is this giving you the best result in the long term?

There are ways to help shelter your money so you do not pay tax on the interest you receive, no matter how little or much that interest may be. Each year, every individual can put money into a Cash ISA; for this tax year, the maximum is £5,640 and in the new tax year (from 6th April) it will increase to £5,760. That means that as a couple you could shelter up to £22,800 in Cash ISA’s between now and mid April.

For those of you who feel that inflation is increasing more than the interest you are getting on your deposit savings, Investment ISA’s may be an answer. These work similar to the Cash ISA, in that individuals have annual allowance to use or lose. This means a couple can invest up to £45,600 between now and the next tax year to help ensure tax efficiency. ISAs can be set up with lump sums or regular contributions so you can save over the year if necessary.

At Chilvester, we have access to a wide range of both Cash and Investment ISAs from a great number of providers to suit all client needs and have been helping our clients save in this way for many years. Please call us to see how we can help best you.

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