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Your Tax Year End checklist for 2025/26

Are you missing out on valuable tax allowances?

  • Many high-earning individuals could be leaving money on the table, because they’re not fully utilising the tax allowances and reliefs available to them each tax year.
  • If you’ve already accumulated significant pensions and investments, there’s more to gain – and to protect – by leveraging every allowance and relief that’s available to you.
  • It’s vital to act in good time, ahead of the 2025/26 tax year end. The last day is 5 April.

Secure your no-obligation Tax Year End health check with an expert wealth adviser.

Let’s get started

Work through your checklist, to ensure you’re utilising every tax allowance and relief available to you.

Pensions

1. Maximise the use of your pension annual allowance: Contribute up to £60,000 to your pension. Note that tax relief on personal contributions is also restricted to the higher of 100% of earnings in the tax year, or £3,600.

2. Explore utilising unused annual allowances from the past three tax years through carry forward rules. You could, in theory, make a one-off contribution of up to £200,000, at a cost from as little as £110,000.

3. Review the total value of your pensions: Even post-Lifetime Allowance (LTA) abolition, consider whether you should grow your pension pot beyond £1 million, or save and invest elsewhere. An adviser can help you to determine the best course of action through sophisticated cashflow and net worth modelling. While you’re here, track down previous pensions to make sure you know the true overall value.

4. Leverage employer pension contributions: Ensure you’re maximising employer-matched contributions, and reduce taxable income through salary and bonus sacrifice.

5. Utilise your spouse’s allowance: If your spouse hasn’t used their annual allowance, or could carry forward from the previous three years, consider making contributions on their behalf.

6. Utilise your children’s allowances: Each child benefits from a £3,600 pension annual allowance – contribute up to £2,880 each year on their behalf and they’ll benefit from 20% ‘tax relief’ with a government top-up.

The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up.  You may get back less than you invested. 

The levels and bases of taxation, and reliefs from taxation, can change at any time.  The value of any tax relief is generally dependent on individual circumstances.

ISAs

7. Use-or-lose your ISA allowance: Contribute up to £20,000 to your ISA for tax-efficient growth and income.

8. Use-or-lose your spouse’s ISA allowance, also, up to £20,000.

9. Junior ISAs for children: Invest up to £9,000 per child, benefiting from tax-efficient growth for their future.

10. Consider using a Lifetime ISA: Benefit from a 25% government top-up on contributions up to £4,000, if you’re under 50 (must be opened before you turn 40).

Please note Lifetime ISAs are not available through St. James’s Place.

Investments

11. Capital Gains Tax (CGT) allowance: Utilise the annual exemption (£3,000 per person for 2024/25) by realising gains before 5 April.

12. ‘Bed and ISA’ strategy: Sell investments to use your CGT exemption, then repurchase them in an ISA so they’re ‘wrapped’ going forward.

13. Offset capital losses: Use previous losses to offset gains, reducing CGT liabilities.

The value of an ISA with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up.  You may get back less than you invested.  

The levels and bases of taxation, and reliefs from taxation, can change at any time.  The value of any tax relief is generally dependent on individual circumstances.

Income

14. Gift income to a spouse: Transfer income-generating assets to a lower-earning spouse to potentially reduce your overall tax liability – although such transfers must be on an ‘outright and unconditional’ basis.

15. Utilise your dividend allowance: Use the £500 tax-free dividend allowance before the tax year end.

16. Rental income optimisation: Deduct legitimate expenses, or transfer rental income to a spouse if advantageous.

Inheritance Tax

17. Use your annual gifting allowance: Give up to £3,000 per person tax-free this year, with an additional £3,000 carry-forward from the previous year if unused.

18. Small gifts exemption: Make unlimited gifts of up to £250 per recipient.

19. Wedding/ civil partnership gifts: Gift up to £5,000 to children, £2,500 to grandchildren, or £1,000 to others.

20. Use Trusts for larger gifts: Shelter assets from potential inheritance tax liabilities using trusts.

21. Make regular gifts out of surplus income: These should be made for a consistent amount and frequency – and be affordable. Above all, they should be thoroughly documented.

22. Consider a Life Cover Plan: Write a Life Cover Plan into Trust, to pay towards eventual IHT liabilities.

The levels and bases of taxation, and reliefs from taxation, can change at any time.  The value of any tax relief is generally dependent on individual circumstances.

Trusts are not regulated by the Financial Conduct Authority.

Charitable Giving

23. Maximise ‘Gift Aid’ donations: Claim income tax relief and reduce IHT liabilities by donating to charities.

24. Donate shares: Gift shares to charities to claim full income and CGT relief.

Tax Relief and Allowances

25. Marriage Allowance Transfer: Transfer up to 10% of your personal allowance to a lower-earning spouse.

26. Claim tax relief on professional fees: Deduct fees for professional memberships or subscriptions related to your job.

27. Check your Personal Savings Allowance (PSA) utilisation: Ensure interest income doesn’t exceed tax-free PSA thresholds (£1,000 for basic rate, £500 for higher rate, and zero for additional rate taxpayers).

28. Rent-a-Room Relief: Earn up to £7,500 tax-free by letting a furnished room in your home.

The levels and bases of taxation, and reliefs from taxation, can change at any time.  The value of any tax relief is dependent on individual circumstances.

Family and Education Planning

29. Tax-free childcare accounts: Contribute to an account to receive a government top-up of up to £2,000 per child.

30. School fee and university planning: Invest tax-efficiently to build funds towards your children’s or grandchildren’s education.

The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up.  You may get back less than you invested.  

The levels and bases of taxation, and reliefs from taxation, can change at any time.  The value of any tax relief is generally dependent on individual circumstances.

Other considerations

31. Maximise state pension contributions: Review your National Insurance record to fill gaps and maximise state pension entitlement; particularly following career breaks, maternity or long-term illness.

32. Defer income: Delay bonuses or dividends to the next tax year if advantageous for tax purposes.

33. Review your tax codes: Ensure your tax code reflects your current situation to avoid overpayments.

34. Optimise use of company benefits: Consider salary sacrifice schemes for pensions, electric cars, or cycle-to-work programmes.

35. Review offshore investments: Check compliance with UK tax rules for offshore investments and ensure tax efficiency.

36. Check how much cash you’re holding: Do you have too much, or not enough, available in cash? What interest rate are you earning on it? Consider using a cash management service to maximise your income on cash,* and spread across multiple institutions to maximise FSCS protection.

The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested. Equities do not provide the security of capital which is characteristic of a deposit with a bank or building society.

The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief is generally dependent on individual circumstances.

*Through SJP’s cash management service powered by Flagstone – please note this service is separate and distinct to those offered by St. James’s Place.

tax year end

The value of an investment with St. James’s Place will be directly linked to the performance of the funds selected and may fall as well as rise. You may get back less than the amount invested.

The levels and bases of taxation, and reliefs from taxation, can change at any time and are generally dependent on individual circumstances.

More about Pension Carry Forward

Explore Carry Forward in detail

You may be able to ‘Carry Forward’ unused Pension Annual Allowances from the previous three tax years. In 2022/23, the annual allowance was £40,000; it then rose to £60,000 for 2023/24, 2024/25 and 2025/26.

The maximum gross contribution you could make is £220,000. This assumes that you have been a member of a qualifying pension scheme for each of the past three tax years, and that you have not made any contributions. It also assumes you are not subject to annual allowance tapering, in any of the years, which can be applied to high earners.

Individuals with a ‘threshold income’ over £200,000 and an ‘adjusted income’ over £260,000 are subject to the tapered annual allowance. The reduction in allowance halts when ‘adjusted income’ exceeds £360,000, setting the annual allowance to a minimal £10,000 for pension savings that receive the full benefit of tax relief.

Broadly, ‘Threshold Income’ includes all taxable income received in the tax year, including rental income, bonuses, dividend, and other taxable benefits.  From this you deduct any personal pension contributions to personal pension schemes. ‘Adjusted income’ includes all taxable income plus any employer pension contributions and most personal contributions to an occupational pension scheme.

To benefit from tax relief on personal contributions you also need earnings in the current tax year of at least the value of the contribution.

An additional rate taxpayer could capitalise on tax relief at up to 45% on their pension contribution, meaning theoretically up to £99,000 tax relief could be available through Carry Forward before Tax Year End on 5 April. The net cost of a £220,000 contribution could be as little as £121,000.

An expert wealth adviser can detail precisely what tax relief may be available to you, based on your individual circumstances.

Any tax relief above the basic rate must be claimed via HMRC.

The levels and bases of taxation, and reliefs from taxation, can change at any time and are generally dependent on individual circumstances.

A new Capital Gains Tax (CGT) landscape

Solutions to mitigate CGT hikes

Capital Gains Tax UK rates increased last tax year, from 10% to 18% for lower rate taxpayers, and from 20% to 24% for higher and additional rate taxpayers. The rates for residential property remain at 18% and 24% respectively.

Each UK adult continues to benefit from an annual CGT exemption of £3,000. Beyond utilising your CGT exemption and your partner’s, you could work with an expert wealth adviser to examine whether Offshore Bonds offer a solution that is suitable for your individual circumstances.

Offshore investments can be really helpful for some investors; for example, if you’re expecting your tax rate to fall or you are planning to live outside of the UK at some point in the future. Our range of international investments offers a solution for investors who wish to invest regularly or by a lump sum, and provides access to a range of asset classes and currencies.

The value of an investment with St. James’s Place will be directly linked to the performance of the funds selected and may fall as well as rise. You may get back less than the amount invested.

The levels and bases of taxation, and reliefs from taxation, can change at any time and are generally dependent on individual circumstances.

Currency movements may also affect the value of investments.

Start planning now – invest later. Obtain a bespoke financial plan, tailored to your unique objectives.

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Should you require more information or have particular questions, we invite you to contact us at your convenience.

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How to pay yourself as a business owner tax efficiently

Introduction

There are three primary methods through which you can pay yourself as a business owner tax efficiently. This involves withdrawing profits from your limited company: salary, dividends, and pension contributions (though the latter involves setting aside funds from the company for future use). Alternatively, profits can be retained within the company and later accessed through the sale proceeds or dividends.

The primary consideration in choosing among these methods is the net benefit to the owner in terms of payment structure. While nobody enjoys paying taxes or national insurance, optimising these payments to maximise benefits is prudent. Paying taxes isn’t necessarily negative if it results in more money in your pocket when you need it.

For instance, a basic rate taxpayer making a pension contribution provides a straightforward illustration of net benefit. By receiving tax relief on the contribution, they effectively turn an £80 net contribution into an £85 net benefit, taking into account tax relief, and future tax paid. Given this, one must decide whether to retain 100% of the £80 in their bank account or make a pension contribution to receive 85% of £100 at a future date.

However, for the owner of a limited company, the decision is more complex, considering various factors beyond simple tax implications.

Taxation applying to extracting profit

Corporation Tax

Corporation tax is a levy imposed on the profits of a registered business entity.

The primary corporation tax rate is now 25%, applicable to profits exceeding £250,000. Small businesses, defined as those with profits below £50,000, continue to be taxed at the small profits rate (SPR) of 19%.

For companies earning profits above £50,000 but below £250,000, the full main rate will apply, yet they will receive marginal rate relief. This means their actual corporation tax rate will gradually increase from 19% to a figure between the small profits rate and the main rate.

The SPR does not extend to close investment-holding companies, such as those controlled by a small group of individuals not primarily engaged in commercial trading or land investment for letting purposes. For instance, a Family Investment Company may not qualify for the SPR.

Before calculating profits, business expenses such as employee salaries (including those of business owners acting as employees), employers’ National Insurance contributions, and pension contributions (subject to the “wholly and exclusively” rule) are deductible.

Employers National Insurance Contributions

Employers are obligated to pay National Insurance contributions for their employees once their salary surpasses specific thresholds. Typically this is at a rate of 15% on weekly income above £96 (equating to annual income above £5,000).

Be aware that the employment allowance, which provides up to £10,500 per year towards a company’s National Insurance contributions, may not be applicable to company owners unless they employ additional staff.

When paying yourself as a business owner, you cannot utilise the employment allowance if you are the director and the sole employee earning above the Secondary Threshold, or if you operate as a service company subject to ‘IR35 rules’, and your sole income comes from the intermediary (e.g., your personal service company, limited company, or partnership). If you are part of a group, only one company or charity within the group is eligible to claim the allowance.

Income Tax and Employee NI

Income will be taxed in line with standard employee taxation. When paying yourself as a business owner, you’ll receive a personal allowance, which currently stands at £12,570 per annum. However, it’s important to note that there’s a reduction for individuals with adjusted net income exceeding £100,000.

Similar to employer contributions, the rates and amounts of employee National Insurance (NI) contributions can vary. However, for most employees, NI is charged on weekly income between £242 to £967 at 8%, and on income above £967 at 2%.

Dividends

Dividends represent payments made from company profits to its shareholders and can be an important element to paying yourself as a business owner. They are subject to taxation in a consistent manner across dividends received from companies, unit trusts, and open-ended investment companies.

Since the 2016/17 tax year, the previous dividend taxation system underwent significant changes. The dividend tax credit was eliminated and replaced by the structure outlined below.

Each individual is entitled to an annual Dividend Allowance of £500. Subsequent dividends are taxed as follows:

  • Basic Rate: 8.75%
  • Higher Rate: 33.75%
  • Additional Rate: 39.35%

It’s crucial to note that the 0% rate serves as a starting point for dividend taxation and not a deduction from the dividend amount received. For instance, if an individual exhausts their personal allowance, falls £500 below the higher rate threshold, and receives £1,000 in dividends, £500 of those dividends would be subject to higher rate dividend tax.

Furthermore, it’s essential to understand that the entire dividend payment is considered in the tax calculation, not just the portion exceeding £500. While the initial £500 enjoys a 0% rate, any surplus is taxed according to the respective tax band. Dividends can offset any unused Personal Allowance before applying the £500 allowance. Consequently, an individual with no other income can receive dividends up to £13,070 before incurring tax liability.

What’s the most tax-efficient method for extracting profits from your business?

When paying yourself as a business owner, a straightforward solution to improve tax efficiency is to make pension contributions. As previously explained, these contributions are not subject to corporation tax or National Insurance when made by the business. Moreover, upon benefiting from these contributions, 25% is typically tax-free, with subsequent amounts taxed at marginal rates and no National Insurance to pay.

However, while pension contributions may be the most tax-efficient option, they might not always be the most practical. Individuals under 55 require accessible income for day-to-day living expenses. Even for those over 55, immediately vesting pension contributions could technically cover living expenses. However, in reality, this may not be feasible due to potential complications with recycling rules.

Moreover, accessing pensions beyond any tax-free cash can trigger the Money Purchase Annual Allowance (MPAA), limiting the ability to fund a Defined Contribution pension beyond the MPAA threshold.

Given the favourable tax treatment of pensions, it’s worth considering whether pension funds should be utilised to meet retirement needs rather than immediate financial requirements. It’s then important to explore how you can withdraw funds from your business to cover day-to-day living expenses both presently and in the future, when paying yourself as a business owner.

Dividends often outperform salary when it comes to meeting immediate daily needs, especially when considering all available allowances. However, the interplay between allowances and National Insurance (NI) thresholds can significantly influence this comparison. For instance, while you can draw a salary up to the personal allowance of £12,570 without incurring income tax, employers’ NI contributions become payable from £5,000.

Ultimately, the business owner must extract sufficient profit for livelihood. Therefore, determining the “sweet spot” for taking a combination of salary and dividends becomes crucial. Could the optimal approach entail taking a salary of £12,570, with the remaining amount as dividends? Perhaps. However, given the intricate nuances of taxation rates, thresholds, and allowances, the answer may be more nuanced and dependent on individual circumstances.

Once the immediate income needs have been met and any remaining profit is surplus to the business’s requirements, considering pension contributions becomes prudent.

Indeed, while there are many options for paying yourself as a business owner and extracting company profits, each carries its own tax and National Insurance implications for the business owner, considering both their employer and employee roles.

Despite the technical complexity involved, the planning approach can be fundamentally simple. The goal is to withdraw the minimum profit necessary to cover immediate needs, ensuring that the rest is directed towards the pension to optimise future financial security. An expert wealth adviser can help you determine the optimal strategy for your individual circumstances.

Advice around your remuneration structure is ultimately the responsibility of your company’s accountant.

The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.

The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax relief depends on individual circumstances.

SJP Approved 23/05/2025

Should you require more information or have particular questions, we invite you to contact us at your convenience.

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Michael Willgrass

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Expertise

Michael’s expertise lies within a wide range of financial planning. He has considerable previous experience in restructuring restricted stock units, performance share units, and bonus payments. Michael also enjoys working with offshore capital to ensure efficiencies are being utilised.

In addition, he has a lot of experience in drawdown planning and helping to structure tax efficient income streams; with a particular focus on comparing pension drawdown solutions.

The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.

Experience

Michael joined Apollo Private Wealth in 2019, following three years’ experience in the financial services industry, including a year with Natixis SA working on the fixed income desk within the investment banking division. Then followed a move to Amsterdam, where Michael worked on the fixed income brokerage desk for a boutique sales trader, STX Fixed Income. After his experience in Amsterdam, Michael decided to join the private wealth sphere, and in 2018 completed a 12 month intensive SJP Financial Adviser Academy programme.

Michael takes great pride in creating long term relationships with his clients. Through holistic financial planning and investment solutions, he efficiently propositions his clients’ portfolios in order to maximise their wealth potential. He predominantly works with professionals in the private equity, legal, technology and investment banking industries.

Qualifications

  • CII Level 4 Financial Diploma in Regulated Financial Planning
  • Leadership Principles Diploma, Harvard Business School
  • BSc Economics, University of Sheffield

Personal interests

Michael enjoys spending time with family, and playing sport. In particular, he is a keen golfer and cyclist. Michael has a young Staffordshire Bull Terrier named Ixtlan. He also loves to play chess, travel, and takes an interest in ancient civilisations.

Angelo Crisafulli

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Expertise

Angelo takes a holistic approach to his clients’ financial planning, providing support in areas including; investment planning; retirement planning; estate planning; tax planning; and protection. In particular, he works with; high net worth individuals; senior executives; professionals in the investment banking, hedge fund, private equity and asset management sectors; and small business owners.

Experience

With over 25 years’ experience in the financial sector, Angelo began his career as an investment manager for primary asset managers and banks, including Deutsche Bank and Anima SGR; before moving into wealth management.

Coming through the SJP Financial Adviser Academy programme, Angelo joined Apollo Private Wealth at the end of 2017 and has since developed his experience in financial advisory and financial planning.

Qualifications

  • CISI Level 4 Qualification
  • Masters Degree in Economics, Bocconi University
  • MSc in Management Engineering, Politecnico di Milano

Personal interests

Away from work, Angelo enjoys spending time with his family, listening to music, reading a good book, and travelling, when he takes part in outdoor activities such as skiing, sailing and running.

Kabir Virk

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Expertise

Kabir creates long term relationships with his clients, through holistic tax planning and investment solutions, effectively managing their portfolios to maximise their wealth potential. He specialises in working with senior professionals in both private equity and investment banking, understanding the challenges that individuals face in these fields and providing them with the most appropriate solutions.

The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.

Experience

Kabir has been with Apollo Private Wealth since 2018, prior to which he worked for a well-known US wealth management firm. He sees himself as having a metaphorical “seat on a client’s table” as an integral part of their big life decisions, helping them to achieve their goals.

Qualifications

  • Degree in Finance & Economics from University of Reno, Nevada USA
  • CISI Investment Advice Diploma Level 4

Richard Thorne

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Expertise

Within financial planning, Richard’s focus is on tax efficiency, whether someone is in the accumulation phase of wealth building, or whether they’re in drawdown during retirement.

Richard works with his clients to reduce their income tax liability, utilising annual allowances and approved tax efficient investment vehicles, while simultaneously ensuring they have a drawdown strategy ahead of retirement.

Taking a holistic approach, Richard looks to understand clients’ goals in order of priority, then designs a coherent financial plan; holding regular reviews and adjusting where required.

The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.

The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax relief depends on individual circumstances.

Experience

Richard has worked in financial services since 2017, beginning his career in foreign exchange. Subsequently, he chose a career in wealth management as investing interested him from a young age.

Richard believes that financial planning is very important for everyone. He finds it rewarding to alleviate financial stress from his clients, so they can concentrate on other aspects of their lives.

Qualifications

  • Investment Advice Diploma – Level 4
  • BSC Information Management and Business Studies at Loughborough University

Personal interests

Richard likes to keep active and is a regular at his local gym. He grew up in the countryside with lots of walks on his doorstep and still loves hiking. 

Victoria Trapitsyna

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Expertise

Victoria helps clients discover practical solutions to the financial issues that concern them most. She covers a wide range of financial planning elements, including; retirement planning; wealth protection and preservation; savings and investment planning and tax planning.

Victoria places great emphasis on maintaining a long term relationship with clients, and becoming a source of trusted advice as their financial needs evolve over the years.

Experience

Victoria has worked in financial services since 2014, but prior to that comes from a legal background.

Qualifications

  • Chartered Financial Planner
  • MBA, The University of Chicago Booth School of Business
  • Advanced Diploma in Financial Planning

Personal interests

Victoria loves travelling, and spending time with her children.

Saneka Francis-Lawrence

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Expertise

Saneka helps HNW individuals and their families, across the financial planning spectrum including with protection, tax optimisation and estate planning.

Experience

Saneka joined Apollo in 2024 with over 10 years’ experience in banking and the financial services industry, ranging from the largest life insurance company in the Caribbean, to multinational banks including Santander and Lloyds. Most recently, Saneka was with another St. James’s Place practice for two years.

Qualifications

  • Level 4 Diploma for Financial Advisers (DIPFA) with London Institute of Banking and Finance.
  • BA in History from University of the West Indies

Personal interests

Saneka spends as much time as she can creating memories with her son and their family. She loves to read a good book in her downtime.

Charlie Hannam

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Expertise

Charlie is a Private Wealth Adviser working with high-net-worth individuals, their families, and high-earning professionals to help them achieve their financial goals with clarity and confidence.

He provides holistic, practical advice across all areas of wealth management, including investment and pension planning, tax optimisation, estate structuring, and cash flow modelling. By taking a comprehensive approach, Charlie enables clients to make well-informed decisions that support their ambitions – from securing retirement income to funding education or preserving wealth for future generations.

Qualifications

  • Level 4 Diploma in Regulated Financial Planning
  • First Class BSc Finance and Investment Banking, University of Greenwich

Personal interests

Charlie began his career as a Finance Transformation Consultant at IBM in partnership with BCG, before moving into financial planning with another SJP practice in Hertfordshire. Away from advising, he plays football semi-professionally and follows Formula 1 closely.

The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up.  You may get back less than you invested. 

Workplace Solutions

WORKPLACE SOLUTIONS

Why your employees’ financial wellbeing should be one of your top considerations.

WORKPLACE SOLUTIONS

The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.

The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief depends on individual circumstances.

“Just 12% of employees believe their employer is effectively helping their financial wellbeing.” – Zellis research, June 2022. 2,010 interviews were conducted across the UK and Ireland at non-management level.

Financial education can help employees make better decisions and feel more empowered, confident and secure.

The idea that a company’s biggest asset is its workforce is hard to dispute. So it stands to reason that if they can invest in something that benefits both the employees and the business, and that is shown to boost productivity, most companies wouldn’t hesitate.

However, translating that sentiment into more tangible terms might not be that easy. After all, how do you compare the value of your employees with the value of your property or intellectual property, for instance – especially if employees are easier to replace? But there’s one area in which investing in employees simply makes sense, both for them and for the company: their wellbeing.

Solutions for Private Equity (PE) Firms

Giving your firm a competitive edge through a Financial Wellness Programme for your employees, with expertise in funding GP commitments, co-investment, management of offshore assets and remittance, access to specialist banking and lending services, and planning for non-domiciled individuals.

Explore In Detail

Employee Wellbeing Programmes

Available for a broad range of sectors; enquire today to understand how we can help your employees to utilise the benefits, rates and reliefs available to them, improving their financial wellbeing.

Enquire today
OUR WORKPLACE SOLUTIONS

Bespoke for you and your employees.

Personal financial planning and tax optimisation

Often overlooked due to time limitations, we act as your financial concierge, helping you to utilise the reliefs and allowances that are available to you.

The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax relief depends on individual circumstances.

Planning for UK Resident Non-Domiciled Invdividuals

Specialist expertise in the management of offshore assets and remittance planning.

Mortgages and specialist lending solutions

With an understanding of complex earning structures, we can help you to secure off-market products, and finding lending solutions for your residential, buy-to-let or commercial purchases, as part of your broader financial plan.

Your home or other property may be repossessed if you do not keep up repayments on your mortgage.

Commercial and some buy-to-let mortgages are not regulated by the Financial Conduct Authority.

All enquiries for commercial lending will be referred to a service that is separate and distinct to those offered by St. James’s Place.

Retirement planning and pension advice

Creating a comprehensive strategy for accumulation and drawdown, based on complex earnings structures, in order to build and preserve wealth for your retirement.

The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.

Estate planning advice

Recommending a mixture of pensions, gifting, trusts, business relief and other solutions specific to your individual circumstances, in order to protect your wealth for future generations.

The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.

The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax relief depends on individual circumstances.

Trusts are not regulated by the Financial Conduct Authority.

1. Employee wellbeing is no longer just an internal matter…

…it’s also something investors are increasingly looking at from an ESG perspective. If the majority of your employees spend most of their waking lives at work, the troubles and stress they experience in their personal lives will inevitably seep in.

Employers can be sure that at any given time, at least some employees will be affected by stress and mental-health issues that undermine their ability to perform.

Employee wellbeing is a big root cause of how productivity changes. If you have a lot of stress, productivity goes down, morale goes down, and time and brainpower are affected. Using parts of your day to deal with issues such as financial problems will have an impact on your productivity and your capacity to think about other things.

In other words, worries don’t go away just because you’re at work. It’s completely understandable, but it has a business impact too, so it’s beneficial for everyone for those instances to be reduced and for people to feel supported.

Investing in employees to mitigate those risks is clearly not just a ‘good’ thing to do, but positive for the bottom line too. It also forms part of a company’s environmental, social and governance (ESG) considerations. The ‘S’ component of ESG covers the relationships that companies have with employees, customers, suppliers and the wider community.

Companies are now being held more to account socially for employee wellbeing, so they need to be aware of that and be able to show what they’re doing.

2. Stress and mental-health issues can affect employees’ performance and productivity…

…leading to low morale and unplanned absences. One factor that can have a substantial impact on an employee’s wellbeing, and indeed their productivity at work, is their relationship with their finances.

Many UK businesses say they have been impacted by poor employee financial wellbeing, through outcomes such as reduced productivity, loss of talent and more short-term and long-term absences.

Financial worries can affect anyone. Financial wellbeing isn’t just about how much money you have, but also about how secure, confident and empowered you feel financially, according to the Money and Pensions Service. Tackling financial wellbeing is therefore vital to any company that is committed to supporting the mental health of employees. This is partly about emotional support, but there’s a practical element too, especially when it comes to helping employees build their financial confidence and wellbeing. In some cases, it will begin with financial education and equipping people with the tools to manage their finances effectively. This is where providers of financial education are helpful – improving people’s day-to-day confidence and resilience as well as addressing their future and what’s worrying them.

 

3. Money worries are a key issue…

…with so many UK businesses affected by poor employee financial wellbeing. Tackling this is crucial for any company that is committed to supporting the mental health of its staff.

Partnerships between companies and financial organisations can also help firms communicate their existing reward packages more effectively. Employees often need support when making decisions about those opportunities.It’s really important to help people translate what the different arrangements can mean for them. You only need to look at the number of people still in the default fund of their pension plan. While it will be right for some, more often it indicates that they haven’t engaged with their pension or even their wider benefits package, suggesting perhaps that they need support in doing so.Financial education is about equipping people with the ability to make informed choices and giving them the information they need in order to feel more confident. If you have someone there supporting you and talking you through the financial implications of what they’re doing, even just having that peace of mind is reassuring. You worry less when you have someone in your corner.

Should you require more information or have particular questions, we invite you to contact us at your convenience.

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