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Net Adjusted Income: Crucial Information for Parents

Why net adjusted income is so important

Many parents overlook the complexities of net adjusted income, leading to costly financial mistakes. One of the most common errors involves pension contributions and eligibility for government childcare schemes. To ensure you make informed decisions, we’ll clarify how net adjusted income is assessed and how strategic planning can help you optimise your finances.

Optimise your net adjusted income, with a no-obligation financial planning consultation.

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A case study

Kate and Mark are new parents, both committed to securing the best future for their family. Kate earns an annual salary of £130,000, placing her above the income threshold for key government childcare benefits.

To bring her income below the relevant threshold and qualify for these schemes, she began making additional pension contributions. However, she made a critical mistake.

The miscalculation

Kate increased her pension contributions by £1,000 per month, beginning in January. She assumed this would immediately reduce her net adjusted income and enable her to access government childcare support. Unfortunately, this assumption was incorrect.

Net adjusted income is assessed over the entire tax year (April to April), not on a monthly basis. Despite her increased pension contributions in the later months, Kate’s total net adjusted income for the full tax year still exceeded the qualifying threshold.

The financial impact

As a result of this miscalculation, Kate remained ineligible for government childcare support and effectively lost £1,000 per month in potential savings. Had she structured her pension contributions strategically from the start of the tax year, she could have saved £12,000 over the course of the year while also benefiting from additional pension growth.

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

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

Key actions

To avoid similar pitfalls, consider the following:

  1. Plan well in advance – Adjustments to net adjusted income should be made at the start of the tax year (April), not mid-year, to maximise potential savings.
  2. Understand the full-year assessment – Government childcare schemes evaluate income over a 12-month period, not on a rolling basis.
  3. Assess the financial trade-offs – While pension contributions can reduce net adjusted income, it is essential to balance contributions with immediate financial needs.

Steps to optimise your net adjusted income

With April fast approaching, now is the time to prepare. Here’s how you can take proactive steps:

Step 1: Determine the benefits available through government childcare schemes based on your income level.

Step 2: Calculate the impact of increased pension contributions on your take-home pay and long-term savings.

Step 3: Compare the financial advantages of reduced net adjusted income with the benefits of additional pension growth.

Many parents find that with careful planning, they can strike a balance between immediate cost savings, and long-term financial security.

Act now to establish your financial position

With the new tax year just around the corner, now is the ideal time to take control of your finances. By planning ahead, you can optimise your net adjusted income, access valuable childcare benefits, and strengthen your long-term financial security.

If you want to ensure you are making the right decisions without unnecessary complexity, book a no-obligation financial planning consultation for the start of the new tax year.

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

Optimise your net adjusted income, with a no-obligation financial planning consultation.

Book A Demo

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

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Your Tax Year End checklist for 2025

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 end of the 2024/25 tax year. 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 end of the tax year.

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. 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

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

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

Tax Relief and Allowances

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

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

26. 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).

27. 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

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

29. 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

30. 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.

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

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

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

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

35. 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.

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 2021/22 and 2022/23, the annual allowance was £40,000; it then rose to £60,000 for 2023/24 and 2024/25.

The maximum gross contribution you could make is £200,000. 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 £90,000 tax relief could be available through Carry Forward before Tax Year End on 5 April. The net cost of a £200,000 contribution could be as little as £110,000.

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 this 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.

Book A Conversation

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

Contact Us

Employee Share Options as an Employment Benefit

What you need to know

Overview:

  • Many high-earning professionals receive shares as part of their remuneration package, which can impact their tax situation. Understanding different Employee Share Options arrangements can help optimise tax efficiency.
  • Employee Share Options schemes vary and often have different tax implications. For instance, under the Enterprise Management Incentives (EMI) scheme—frequently used by start-ups—employees can benefit from Business Asset Disposal Relief on Capital Gains Tax upon selling their shares.
  • Seeking expert advice is crucial to maximise any available tax reliefs and make the most of your wealth.

In today’s business climate, companies are carefully structuring remuneration packages, with Employee Share Options schemes becoming a popular option to promote employee loyalty. Such schemes can motivate employees, especially those in senior roles like executives and directors, by giving them a personal stake in the company’s success.

Simon Martin, Chartered Financial Planner at Technical Connection (a company owned by St. James’s Place), notes that many high-net-worth clients’ remuneration packages include either direct shares or Employee Share Options, regardless of whether they work for private or public companies.

Different types of share schemes offer unique tax benefits, and the specific scheme available often depends on the company’s nature.

Explore your Employee Share Options benefits, with a no-obligation financial planning consultation.

Book A Demo

Common schemes

Enterprise Management Incentives (EMI)

Common among start-ups, the EMI scheme allows employees to purchase shares if they meet certain performance or tenure requirements. This scheme helps attract talent by providing the potential for investment returns in the future, even if the company can’t currently match larger firms on salary.

Technology companies frequently use EMI as it enables key employees to own shares and benefit from the company’s growth in a tax-efficient way. A company can grant up to £250,000 worth of share options over a three-year period.

With EMI, you might have the option to buy shares in the future at an agreed price, potentially much lower than their market value at purchase time. If shares were priced at £1 initially and are worth £10 when purchased, you could gain £9 per share.

If shares are bought at or above market value when the option was granted, no Income Tax or National Insurance is due. A discounted purchase will, however, incur Income Tax and National Insurance on the difference. When you sell, Capital Gains Tax (CGT) applies at a reduced rate of 10% (rather than the standard 20%) if the option has been held for at least two years.

Company Share Option Plan (CSOP)

Under a CSOP, you have the option to buy up to £60,000 worth of shares at a non-discounted, fixed price.

As long as shares are held for three years, there is no Income Tax or National Insurance on the difference between the purchase price and their value. CGT may apply when the shares are sold.

Save As You Earn (SAYE)

SAYE is a popular UK share scheme available to all employees, not just higher-level staff.

With SAYE, you save between £5 and £500 monthly for three to five years, deducted from your gross salary. At the end of this period, you have the option to buy shares at a pre-set price, usually up to 20% below the market rate at the time.

If share prices drop, you can opt not to buy and withdraw your savings as cash, minimising risk. If you do buy the shares, they can be held or sold immediately for a profit. Income Tax and National Insurance do not apply, though CGT may be due unless shares are transferred to a pension or ISA within 90 days.

Share Incentive Plans (SIP)

With a SIP, employers can offer shares to employees or allow them to buy shares through gross pay deductions, holding these shares in trust until they leave the company.

Employers can give up to £3,600 worth of shares per employee annually, or employees may buy up to £1,800 worth themselves.

SIPs allow employees to acquire shares in four ways: free shares, partnership shares, matching shares, or dividend shares. Holding these shares for at least five years avoids Income Tax and National Insurance. If shares are sold immediately after this five-year period, CGT may also be avoided.

Other Share Plans

Beyond HMRC’s tax-advantaged schemes, some companies offer Employee Share Options as part of a bonus arrangement. For instance, you might receive a £20,000 share bonus, withheld for three years. When the shares are released, they are subject to Income Tax and National Insurance like a salary. If you leave the company within three years, the bonus is forfeited, encouraging loyalty.

Advice for maximising your Employee Share Options benefits

Understanding your company’s share scheme and tax implications is essential to make the most of your employment benefits. Seeking expert financial advice can help ensure your wealth is working efficiently for you.

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 and are generally dependent on individual circumstances.

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

Contact Us

Investing A Bonus Tax Efficiently

Introduction

It’s the most wonderful time of the year – Bonus Season. The fruits of your labour have paid off, and you stand to gain a handsome additional amount from your employer; perhaps especially as the bankers’ bonus cap was scrapped on 31 October 2023.

When it comes to bonuses, a general guideline suggests allocating around 30% for indulgences, and saving the remaining 70%. However, it’s prudent to devise a plan to anticipate any potential tax implications. Whether you allocate 70% or adjust the proportion based on your needs, it’s also important to consider both short and long-term objectives.

Short-term goals could include expenses such as school or university fees, weddings, or other family obligations. Long-term goals typically revolve around retirement and estate planning, ensuring sufficient funds are set aside to sustain desired lifestyles for yourself and your family beyond your working years and after your passing. Your own, dedicated Private Wealth Adviser could help you to map out your objectives into a bespoke financial plan.

Need a bespoke financial plan crafted specifically for your unique requirements?

Book a Demo

Tax efficient investing

Short term savings

In general, prudent saving involves setting aside funds for short-term needs, whether that’s for unexpected expenses or for specific purposes like holidays, cars, or home improvements. Typically, this involves depositing money into easily accessible cash accounts or Cash ISAs.

While cash savings play a crucial role in our financial toolkit – financial advisors often advise having three to six months’ worth of emergency funds, if feasible – they may not be ideal for long-term objectives. One reason is that cash tends to lose its value to inflation over time.

Saving part of a bonus in easy-access formats may also have tax implications, if the interest you earn exceeds your annual savings allowance (£1,000 for basic rate taxpayers, £500 for higher rate taxpayers and zero for those paying the additional rate).

Please note St. James’s Place do not offer easy access cash accounts or Cash ISAs.

Long term savings

This is where investments play a crucial role. Investing entails allocating funds and allowing them to grow over time, benefiting from the compounding effect, where returns generate further returns. While investing involves assuming more risk, market fluctuations have the ability to balance out over the long term (five years or more).

It’s a good idea to utilise your annual allowances, investing some of your bonus into ISAs (up to £20,000 a year), or a pension (up to the lower of £60,000 or 100% of earnings, other than for those on very high incomes for whom their pension annual allowance may be tapered.

Mitigating higher or emergency rates of tax

One downside to earning a bonus is that it might push you into a higher tax bracket.

Planning ahead is far preferable, allowing you to mitigate potential tax liabilities before they arise, thereby avoiding last-minute stress.

One strategy to minimise the impact is to allocate a portion of the bonus directly into your pension through salary sacrifice. This approach not only reduces National Insurance and income tax but also enhances your pension savings simultaneously.

It’s worth noting that if your bonus elevates your annual earnings beyond £100,000, you may be at risk of an effective 60% rate of tax on your income – read more about avoiding this tax trap.

Non-cash bonuses

Your employer may enable you to receive your bonus through avenues other than in cash. This might help mitigate tax, for example through salary sacrifice schemes, or by earning shares on which you may be able to defer any tax due, until their value is realised.

It’s just as important to take expert advice from a financial planner in these circumstances. In sacrificing earnings, you may for instance reduce your borrowing eligibility for a mortgage.

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 generally depends on individual circumstances.

More about ‘Bonus Sacrifice’ to mitigate tax liabilities

Sacrificing some or all of your bonus could help reduce income tax, National Insurance and student loan repayment liabilities. It could also help avoid higher marginal rates of tax on the bonus amount. One of the simplest ways to ‘sacrifice’ your bonus is to ask your employer to pay the amount into your workplace pension.

This method can also help to mitigate the 60% tax trap, as well as preserving or restoring entitlement to Child Benefit Allowance.

If your employer contributes your bonus directly into your pension, then it doesn’t usually pay employer’s National Insurance contributions at 15% – so you may be able to convince your employer to pay some or all of this saving into your pension, further increasing the value of your bonus.

Illustrative example for a £198,000 compensation

In this example, by ‘sacrificing’ their bonus, the employee reduces their student loan, income tax and National Insurance liabilities. While their take-home pay is reduced by 14%, they contribute more than 4x towards their retirement savings.

Illustrative example for a £120,000 compensation

In this example, because ‘sacrificing’ their bonus restores the employee’s personal allowance, their income tax liability is reduced substantially. A 10% reduction in take-home pay is counterbalanced by a 4x increase in their pension contributions.

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

Need a bespoke financial plan crafted specifically for your unique requirements?

Book a Demo

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

Contact Us

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.

Michael is also the Head of Advisory Development at Apollo Private Wealth. He undertook this role in 2023, to train our financial advisers, ensuring their development and growth is well looked after.

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

Hugh Vernon

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Expertise

Hugh focuses on building long-term relationships with clients. He is innovative in his approach and provides clients with holistic financial planning and wealth management solutions. His main focus is on professionals within Private Equity and Investment Banking, as well as business owners across many industries.

Experience

In the early days of Hugh’s career he worked in oil and gas recruitment for roles in the Middle East. Hugh then spent three and a half years at a full service, boutique investment bank catering to private and public institutions, and high net worth individual investors. Hugh joined Apollo Private Wealth in August 2018, initially in business development and paraplanning roles, before becoming an adviser in late 2019.

Qualifications

  • CISI Level 4 Investment Advice Diploma
  • Mechanical Engineering at University of Hull

Hugh previously gained the Series 7 and Series 3 licences in the United States, to provide advice to HNW individuals.

Personal interests

Hugh has a young family, and continues to take an interest in sports, having previously played American football, rugby, and competed in various long distance running events.

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