
How much does an Independent Financial Advisor (IFA) cost?
How much does an Independent Financial Advisor (IFA) cost? The cost of Independent Financial Advice varies wi…
Read moreThe changes to national insurance contributions (NICs) announced in the Spring Statement in March were far from straightforward. Let’s try and make sense of it all now:
In his Spring Statement – or was it a mini-Budget? – the Chancellor announced several changes to NICs aimed at reducing the impact of the 1.25 percentage points increase in the rates which took effect on 6 April. The mechanism by which Mr Sunak did this was complicated by the last-minute nature of the change, two weeks before the start of the new tax year.
If you are an employee the lower level of earnings on which you pay NICs will increase from £190 a week to £242 a week from 6 July 2022, 13 weeks into the tax year. If your annual earnings are above £12,570, you will see a saving from July equivalent to £6.89 a week.
If you are a company director your NICs are based on an annual figure which will be revised in July from £9,880 to £11,908 (£190 x 13 + £242 x 39). Your overall NICs savings for the 2022/23 tax year will be the same as for an employee – £268.
If you are self-employed, there are two elements to consider:
If you employ your spouse or are a company director who mainly draws dividends, these NIC changes could create some limited planning opportunities for you. It’s important you seek out professional advice to ensure you optimise your tax efficiency.
Interested in finding out more?
Seeking a second opinion on your financial future costs you nothing.
Simply call our friendly team on 00121 368 5624 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).
How much does an Independent Financial Advisor (IFA) cost? The cost of Independent Financial Advice varies wi…
Read moreThe danger of a Woolie's Pick ‘n’ Mix approach to investing Now and then we have enquiries from clients wishing to …
Read moreAre you holding too much cash? The Financial Conduct Authority (FCA) says many savers may have too much cash and face t…
Read moreIt’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.
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
“Following my divorce, Helen took complete control of consolidating all my individual pensions into one product after advising me carefully what she considered the best product for my needs and risk profile. She explained everything clearly in language I understood, and my investment is achieving far greater growth than expected.”
“Deciding to retire early I needed professional ongoing advice to navigate our financial future. Upon visiting Oaklands, the options were clearly explained and a risk analysis undertaken. Even during these strange times, regular reviews and conversations are taking place and I felt I made the right decision choosing Oaklands.”
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.