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Oaklands Details

0121 355 4455
info@oaklandswealth.com
12A Duke Street
Sutton Coldfield
West Midlands
B72 1RJ

Oaklands Wealth Management Ltd

Are wealth management fees tax deductible?

Though Wealth Management Fees are not tax-deductible, there are many tax efficiencies of employing a wealth manager to look after your pensions and investments.

Wealth management adviser fees are usually deducted at source from the investors pension or savings portfolio. Which means in effect they fall beyond the scope of tax.

Clients could choose to pay initial set-up fees and the ongoing fees directly to the adviser and not have them deducted from their plans. However, this does not make any sense as they would be paying fees out of their income which they have already paid tax on.

Just looking at whether fees are tax deductible though is somewhat missing the bigger picture. Aside from the fact a wealth manager can use their knowledge to give you advice on building and managing your pension and savings, there are some important tax breaks everyone should make the most of.

Read on to make sure you’re not missing any:

Look for smart tax-efficient investments

Pension and ISA portfolios grow free of tax. They are smart investments.

Pension contributions have incentives on the way in – An additional 20% added by the Government to personal pension contributions up to your annual allowance (this figure depends on your earnings and tax position).

Where else can you get a guaranteed bonus to your savings like this? My advice is to make hay while the sun shines as this remains a potential target for the Chancellor of the Exchequer to axe in order to recoup much needed money back into the public purse.

ISAs, while they don’t have an incentive on the way in provide everybody the opportunity to save up to £20,000 per annum (at 2021/22 allowances) in a stocks and shares or cash ISA. Your ISA account can become a hugely valuable savings pot, with some people becoming ‘ISA millionaires’ who have fully funded their savings into them since they were first available.

The real benefit of ISAs is on the way out – there is no tax to pay whatsoever, regardless of your earnings or tax position. However much you accumulate you can take out at any time, even in one huge lump sum without any tax due.

Interested in finding out more?

Seeking a second opinion on your financial future costs you nothing.

Simply call our friendly team on 0121 355 4455 or drop us an email to appointments@oaklandswealth.com to arrange a confidential chat.

Oaklands Wealth Management, founded by Helen Blackburn in 2004 advises clients around the Midlands on retirement planning, pensions & investments.

Her firm holds British Standard BS 8577 for client service & investment process.

Minimum investment is £500,000 (£650,000 for pension transfers).

IMAGINE YOUR PENSION & SAVINGS 100% UNDER CONTROL…
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OUR INDEPENDENT FINANCIAL ADVISORS

Click to view profileHelen Blackburn IFA Pension Transfer Specialist
Click to view profileNick Hampton Investment Advisor

THINKING OF MOVING FROM YOUR EXISTING ADVISOR?

It’s easy to move on from another advisor.
We’ll handle everything.

All that’s needed is for you to sign some letters of authorisation and we’ll do the rest.

None of your investments will be switched into new funds until you’ve agreed with our recommendations and you’re fully happy with any changes we propose.

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7 KEY FEATURES OF THE OAKLANDS WEALTH MANAGEMENT SERVICE

British Standard BS 8577 Awarded Service

12 Month Money Back Service Guarantee

Lifetime Cashflow Planning

Risk Adjusted Personal Investment Portfolio

ISO 222222 Certified Financial Advisors

Monthly Fund Analysis

2 Investment Portfolio Reviews Per Year

A WORD FROM OUR CLIENTS...

“I had a number of separate pension pots which I’d built up over my career and I visited Oaklands Wealth for advice on consolidating them. The result has been an investment into a single personal pension which is producing far better returns than I had previously had with the separate pensions. All services and advice from Oaklands have been excellent.”

Colin Sarson

A WORD FROM OUR CLIENTS...

“After great dissatisfaction with the service of major high street banking group I approached Oaklands to manage my pension and investment portfolio. They have provided sound advice on pre- retirement planning and achieved a good return on our capital as well now in retirement. The service offered by Helen and the team at Oaklands is second to none.”

Peter Worral

A FRIEND FOR YOUR FINANCIAL JOURNEY...

THIS IS NOT A DIY SERVICE – WE TAKE FULL RESPONSIBILITY FOR SETTING UP YOUR PENSIONS AND SAVINGS. FOR LIFE.

No half measures. We don’t set it up then leave you all at sea. We manage your investments ongoing and hold ourselves accountable for steering you through your financial journey.

This phrase came from a client who said that’s exactly what we felt like to him, he said “you are like a friend or good neighbour who’s always got my best interests at heart.”

Whatever the reason you come to us we care. We really care. Like it’s our own money.

Tidying up bit and bobs of pensions and putting them neatly in a pot you have full control over.

Maybe transferring a final salary pension if your objectives are better met with your own pension.

Making sure you get all the tax efficiencies legally available to you to enhance your money.

Pointing the microscope on 3,000+ funds and finding the best ones to secure your retirement.

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