We recognise that charities have unique requirements, and manage charitable funds for a wide range of organisations.
Apollo Private Wealth provides investment strategies that are tailored to a charity’s requirements. This is based on a complete understanding of their income, total return and attitude towards risk after the initial consultation.
We create a bespoke portfolio designed to meet the specific needs and objectives of the charity. We can then adapt the investment strategy, in response to any changes to requirements over time. We provide regular reporting and can attend trustee meetings, meaning you always know how your investments are doing.
Any funds that the Charitable Trust invests will benefit from the distinctive investment management approach of St. James’s Place and ongoing monitoring undertaken by the St. James’s Place Investment Committee in conjunction with other independent consultants.
- Donors can reclaim tax on the value of their donations
- Charities are exempt from Capital Gains Tax, Income Tax, Corporation Tax and Inheritance Tax
- Smaller trusts do not have to register for VAT
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. The value of any tax relief depends on individual circumstances.
How are annual reporting requirements fulfilled?
The Charity Commission requires an annual formal report and accounts to be filed by charities. This can be a complex and time consuming activity, but we can share this responsibility with you in conjunction with a number of external experts.
Entrepreneurs and Business Owners
Apollo Private Wealth is proud to work with entrepreneurs and business owners who require holistic, tailored wealth management solutions.
We have extensive experience working with entrepreneurs through the different stages of growing their businesses and supporting their personal lives.
Whether you are just starting out, scaling your business, exploring your exit path or considering life after exit, we will support your growth.
Exit strategies may include the referral to a service that 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. The value of any tax relief is dependent on individual circumstances.
Exit strategies may include products and services that are separate and distinct to those offered by St. James’s Place.
How we can help
Designing a tax-efficient remuneration strategy for company directors, based on a combination of salary and dividends, that closely matches your objectives.
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.
Refers to insurance policies designed to shield businesses from the financial repercussions associated with the inability of a crucial team member to perform their duties, due to critical or terminal illness, or death during the policy term.
In essence, key person insurance is a strategy by which a business secures itself against the financial setbacks it could face under such circumstances. It’s aimed at reassuring stakeholders that the business has the resilience to not only survive but also prosper, even after the loss of an essential individual.
Via SJP’s Private Client team, unlock access to a selected panel of private banks and lenders, introduced depending on the unique aspects of your commercial requirements.
Commercial lending is not regulated by the Financial Conduct Authority.
All enquiries for commercial banking and lending will be referred to a service that is separate and distinct to those offered by St. James’s Place.
As an employer, you are generally obligated to provide a workplace pension scheme. This mandate is not just a legal requirement; offering a workplace pension is a significant advantage for your employees and an effective method for attracting and retaining top talent.
There are multiple choices available, including the government’s NEST scheme, or creating a bespoke pension scheme tailored to your organisation.
If existing multi-employer pension schemes don’t meet your needs, considering a bespoke scheme could be worthwhile. Typically, these are adopted by larger corporations with a large number of employees and particular needs.
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.
Designing investment strategies both for the profits you extract from your business over time, as well as the proceeds of your exit.
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.
Undertaking in-depth reviews of your business, and implementing tailored insurance programmes to protect your business from a wide range of risks.
Helping to manage short-term cashflow and deposit requirements, and identifying appropriate financial solutions.
As a Senior Partner Practice of St. James’s Place we can introduce you to Flagstone, who are the preferred cash management provider of St. James’s Place, and whose services are separate and distinct to the services offered by St. James’s Place.
Preparing you and your business for exit – including achieving financial independence, or reducing your working hours – maximising the value of your business, utilising intelligence tools and developing your business for sale.
Exit strategies may include the referral to a service that is separate and distinct to those offered by St. James’s Place.
Preparing your family members for business succession.
Encompassing inheritance tax planning, retirement and pensions, and generating a tax-efficient income post-sale, designed to replace salary/dividends.
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.
Aligning business risk to personal risk
The perception of risk for an entrepreneur or business owner is often different from that of others. The risk here is that a personal view can sometimes hinder you when investing your assets for long-term growth.
When you get to the stage of exiting your business, the way you invest the proceeds of the sale should aim to set you up for whatever you envisage life post-exit to be.
Tax-efficient investment management can help you diversify your assets and grow a meaningful income.
Evolving priorities
Just like a business plan, an exit plan provides a strategic view of where you are and where you are going. With the right advice, you can maximise the value of your business by developing the business for sale.
By envisaging the bigger picture and using your guiding principles, we will work with you with the aim of achieving a desired outcome for you and your family.
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.
Exit strategies may include products and services that are separate and distinct to those offered by St. James’s Place.
Access to specialist banking and lending for businesses and directors
Tax-efficient remuneration
Exit and succession planning
Access to Specialist Banking and Lending Services
Introduction
As part of our wealth management offering, via SJP’s Private Client team, we can refer you to a range of solutions that have been developed specifically for our clients with more specialist banking and lending requirements. Your adviser will work with SJP’s Private Client team to understand both your current and future needs as well as your servicing preferences, in order to create a solution to your individual circumstances.
Over the years, St. James’s Place has built strong relationships with a panel of carefully selected private banks. The panel comprises boutique banks, offering a range of different specialisms, styles and service levels. We can help you choose the bank that best meets your needs and facilitate the introduction to the bank selected, saving you the hassle and time of searching through a multitude of options.
Need a bespoke financial plan crafted specifically for your unique requirements?
Book a DemoServices offered
By using SJP’s Cash Deposit Service, powered by Flagstone, we can help spread your cash savings to capitalise on market-leading interest rates, and maximise FSCS protection across multiple institutions.
Please note that this is a referral service and the services provided are separate and distinct to those offered by St. James’s Place.
Our advisers can act like a ‘broker’, securing off-market products, and finding lending solutions for your residential or buy-to-let purchases, and provide access to solutions for 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 mortgages will be referred to a service that is separate and distinct to those offered by St. James’s Place.
If you require short-term financing, you may be able to use eligible St. James’s Place and Rowan Dartington investments as security.
St. James’s Place and Rowan Dartington work with Metro Bank to make this short-term lending facility available to you, secured against your investment portfolio.
If the value of the investment falls in relation to the agreed loan facility, the loan may need to be repaid in full. Metro Bank will take a charge over your investments and you will be unable to make any withdrawals from your charged investments without prior approval from the bank. Rates and charges will apply. Please get in touch for full details.
Please note that these services are separate and distinct to those offered by St. James’s Place.
Whether you’re buying foreign property, sending money to loved ones or moving overseas, we are able to provide access to a currency exchange service provided by TorFX, offering foreign exchange and international payment services.
Please note that this is a referral service and the services provided are separate and distinct to those offered by St. James’s Place.
Through a panel of private banks, we can provide access to a full private banking service offering, via SJP’s Private Client team, including current accounts, deposit accounts, payment services, trustee and executor accounts and foreign currency accounts. More importantly, you will experience a bespoke service, with dedicated bankers and their teams looking after your day-to-day requirements.
The private banks on the panel specialise in truly understanding your individual requirements to ensure you receive a personal and seamless service. Many wealthy clients have complex borrowing needs, which are not well-served by high street banks. Alongside your adviser, our SJP’s Private Client team can review your circumstances and requirements, assess which private bank(s) might best meet these, and seek individually tailored solutions allowing you to choose the option most attractive to you.
These services are available to clients meeting the banks’ criteria, these usually being minimum personal net wealth of £3m to £5m+ and/or annual income in excess of £300,000.
Should you require more information or have particular questions, we invite you to contact us at your convenience.
Contact UsEstate and Inheritance Tax (IHT) Planning
Introduction
Looking ahead towards estate planning and mitigating inheritance tax (IHT) is key to managing and protecting your wealth, for you and your family. A large proportion of your wealth might be subject to inheritance tax when you die, at up to 40%. This includes assets such as properties, investments, and even old family heirlooms. Careful IHT planning is all about passing as much of your estate as possible to who you want to receive it, and reducing the inheritance tax liability payable. It’s also about maintaining flexibility and control over any arrangements that are made.
IMPORTANT UPDATE: IT WAS ANNOUNCED ON 30 OCTOBER 2024, THAT PENSIONS WILL BEGIN TO FALL INSIDE YOUR ESTATE FOR INHERITANCE TAX (IHT) PURPOSES FROM THE 2027/28 TAX YEAR. THIS ARTICLE WILL BE UPDATED ACCORDINGLY, AS SOON AS IS FEASIBLE.
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.
Will writing involves the referral to a service that is separate and distinct to those offered by St. James’s Place. Wills, along with Trusts are not regulated by the Financial Conduct Authority.
The majority of your assets will be subject to IHT if, when you die, the value of those assets exceeds the standard nil-rate band which currently stands at £325,000. If your spouse dies before you without fully using their nil-rate band, any unused percentage can be carried forward to use when you die, subject to a claim being made by your executors within two years of your death.
With the family home often making up a large percentage of an estate, the government has introduced an additional nil-rate band on top of the £325,000, known as the ‘residence nil-rate band’. The current residence nil-rate band is up to £175,000.
This means that if you give away a home that you have lived in as your main home to your children (including adopted, foster or stepchildren) or grandchildren, they won’t have to pay IHT on the first £500,000 (£325,000 nil rate band + £175,000 residence nil-rate band).
If you are a married couple or in a civil partnership then you can combine both your nil-rate bands, meaning that the first £1 million of your assets, including your property, are free from IHT.
The value of all assets in excess of the nil-rate band and the residence nil-rate band will be taxed at up to 40% – paid for by your estate.
However, when the value of an estate exceeds £2 million, the residence nil-rate band is tapered, by £1 for every £2 above this level. You need to consider the value of the estate on each respective death.
IMPORTANT UPDATE: IT WAS ANNOUNCED ON 30 OCTOBER 2024, THAT PENSIONS WILL BEGIN TO FALL INSIDE YOUR ESTATE FOR INHERITANCE TAX (IHT) PURPOSES FROM THE 2027/28 TAX YEAR. THIS ARTICLE WILL BE UPDATED ACCORDINGLY, AS SOON AS IS FEASIBLE.
The levels and bases of taxation and reliefs from taxation can change at any time. Tax relief is generally dependent on individual circumstances.
Need a bespoke financial plan crafted specifically for your unique requirements?
Book a DemoKey tax-efficient solutions
Should you be worried about how Inheritance Tax (IHT) could impact your estate and the wealth you wish to transfer, incorporating a Gift Plan into your wealth management approach might serve as an excellent solution. Our Gift Plan combines an investment bond (either onshore or offshore), with either an absolute or discretionary trust which is controlled by you and benefits those who you want it to.
Assets held within a discretionary trust do not become part of the beneficiary’s estate as long as they remain in the Trust. This plan is versatile, serving various purposes including maximizing exemptions from Inheritance Tax (IHT) or covering educational expenses.
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.
A Trust ensures that the correct funds are delivered to the right people at the appropriate moment, offering flexibility, innovation, and control that may not be possible with a Will alone.
It’s understandable to assume that estate planning primarily concerns the distribution of your assets posthumously. However, its scope extends beyond that, encompassing the current organisation of your wealth to enhance its utility, whether for protecting your loved ones or reducing tax implications.
Trusts are not regulated by the Financial Conduct Authority.
Over and above gifting sufficient assets to reduce your gross estate value to within £2 million, if you have excess income during your retirement, it might make sense to consider a life cover plan written in trust, to meet the eventual IHT liability, which could be as high as £400,000 on an estate valued at £2 million.
It is important that the life cover plan is written into trust, and that the premiums are paid using excess income, rather than from assets – otherwise, the premiums paid could be treated as a chargeable lifetime transfer (CLT).
Note that probate is required to release estate assets, whereas IHT needs to be paid before probate is granted. By placing a life policy in trust the sum assured will be paid into trust and can be used to meet some/all of the IHT liability. This means the executors will not necessarily need to realise the sale of other assets, such as property and investments, in order to meet the said liability – particularly advantageous if markets are underperforming at the point in time that the sale of assets otherwise needs to be realised.
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.
Typically, a trading business is eligible for 100% Business Relief from Inheritance Tax (IHT), allowing it to be transferred to heirs without incurring IHT upon the owner’s demise.
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.
IMPORTANT UPDATE: IT WAS ANNOUNCED ON 30 OCTOBER 2024, BUSINESS RELIEF WILL CHANGE FROM THE 2026/27 TAX YEAR. THIS ARTICLE WILL BE UPDATED ACCORDINGLY, AS SOON AS IS FEASIBLE.
A husband died five years ago, having left all of his assets to his wife. He had not made any gifts in his lifetime. His estate was worth below £2 million.
When his wife dies, her estate includes a property worth £1.2 million, and various other assets such as savings amounting to £1.1 million;
Gross estate value £2,300,000
Less 2x nil-rate band -£650,000
Less 2x residence NRB -£350,000 – £150,000 (Tapering: £300,000/2 = £150,000) = -£200,000 tapered RNRB
Net estate £1,450,000
IHT due at 40% £580,000
If the couple were able to reduce the gross value of their estate to under £2 million (for example by gifting sufficient assets more than seven years before their deaths), thus restoring their full residence nil-rate bands, the calculation would be as follows;
Gross estate value £2,000,000
Less 2x nil-rate band -£650,000
Less 2x residence NRB -£350,000
Net estate £1,000,000
IHT due at 40% £400,000
Gifts that are not covered by any of the available exemptions may be taxable where death occurs within seven years if they exceed the available nil-rate band. Inheritance Tax (IHT) payable on those failed gifts may be reduced in the form of taper relief. Taper relief operates by reducing the amount of tax payable not the amount of the gift.
The amount of the taper relief depends on the length of time by which the deceased survived the transfer. If death occurs within 3 years of the gift, then no tapering applies. From year 3 onwards, the tax charge is reduced by 20% for each complete year after the gift is made.
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.
Need a bespoke financial plan crafted specifically for your unique requirements?
Book a DemoFamily Finances and Intergenerational Wealth Management
Navigating the complexities of wealth preservation and transition.
Your financial plan ensures that your assets are not only protected, but also strategically aligned to safeguard your legacy.
Your adviser will craft meticulous plans that honour your wishes and secure the financial future of your heirs, while helping your family to live their aspirations today, ensuring a seamless transition that minimises tax liabilities and maximises wealth preservation.
Helping you coordinate all aspects of your financial life – so you can focus on what’s important to you.
Meet your team of experienced wealth advisers who specialise in family planning and intergenerational wealth management solutions.
Tools & Calculators
Need a bespoke financial plan crafted specifically for your unique requirements?
Get StartedHow Tax Efficient Are You?
Managing your personal tax with strategy and vision is key to managing your finances effectively.
Retirement Readiness Test
Retirement isn’t a distant dream; it’s a destination you’re steadily approaching.
What’s Your Financial Snapshot?
Take the money smart quiz to discover your score.
Financial Clarity Assessment
Discover your financial clarity score to see how prepared you are when it comes to personal finances and long-term security measures.
Financial Wellness Assessment
Leverage our proprietary personal finance tool to discover your financial wellness score and what that means for you and your family.
Seeking a tailored financial strategy?
Schedule a consultation with one of our experienced advisers to comprehensively assess and map out your specific financial requirements.
This personalised meeting is an opportunity to delve into your unique financial situation, discuss your goals, and develop a tailored strategy that aligns precisely with what you need for achieving your long-term financial aspirations.
Protection and Insurance
Introduction
Safeguarding your assets is a critical yet frequently neglected aspect of financial planning. To shield yourself and your family from unforeseen life events, like severe illness or premature death, it’s essential to secure protection insurance.
“1 in 2 people will develop some form of cancer during their lifetime.” – NHS, Cancer conditions description, 2025
Need a bespoke financial plan crafted specifically for your unique requirements?
Book a DemoWhat types of protection exist?
Delivers a lump sum to your family in the event of death, available in two varieties: term assurance and whole of life assurance. Term assurance offers protection for a designated timeframe, while whole of life assurance ensures a lump sum is paid out at the time of death, provided contributions have been consistently made.
Intended to provide an income in the event you are unable to work for an extended period due to illness or injury.
Offers a lump sum payment if you are diagnosed with any of a broad range of predetermined illnesses. These can be set up as either term-based or whole of life policies.
In the unfortunate event that something severe happens, protection insurance policies, such as Income Protection and Critical Illness insurance, become crucial.
Income Protection is tailored to support financial obligations like mortgage or rent payments, utilities, and other household necessities if you’re incapacitated by illness or injury. This type of insurance typically covers between 50% and 65% of your earnings after a predetermined waiting period (often three to six months) and can continue to pay out as needed.
Critical Illness insurance is structured to provide a lump sum upon the diagnosis of specific severe illnesses or conditions.
We often insure physical items like smartphones and home contents more readily than we do the very income that affords these luxuries. Securing your income, lifestyle, and health holds infinitely more value than insuring tangible items. The repercussions of income loss are far-reaching, particularly for the primary breadwinner of a household, impacting both you and your loved ones significantly.
Though the thought is unpleasant, the stress of financial strain during difficult times is an even heavier burden. The real consideration is not if you should obtain protection insurance but rather if you can manage without it, should you find yourself unable to work. This consideration is particularly pertinent for self-employed individuals who lack the protective measures or benefits that employment might offer.
Determining what expenses are most critical to you and evaluating your priorities over something like protection insurance is key. Ultimately, the essence of protection insurance lies in the peace of mind it offers.
Retirement Planning
Introduction
There are many options for planning your retirement, tax considerations, and pitfalls to avoid, all of which make it necessary to receive bespoke advice that caters to your lifestyle and the retirement you have planned.
Whatever you are planning for the future, we can help by calculating what you’ll need for retirement depending on the goals you have. We’ll ensure you understand how long your money will need to last to maintain the lifestyle you want, and how you can stay on track towards reaching your retirement goals.
Need a bespoke financial plan crafted specifically for your unique requirements?
Book a DemoComponents for consideration
A Self-Invested Personal Pension (SIPP) represents a versatile pension scheme, granting access to a broader spectrum of investment opportunities compared to standard personal pensions.
A SIPP falls under the category of Defined Contribution (DC) pensions.
It’s important to note that SIPPs are not appropriate for everyone. They tend to have higher costs than a standard pension and are generally only suitable for individuals with a fair amount of experience in actively overseeing their investments.
Pension drawdown, or ‘flexible retirement income,’ is a method of receiving pension income upon retirement. Rather than deploying the entire sum in your pension fund to purchase an annuity, you opt to keep some of your money invested and withdraw a regular income directly from the fund. This gives the funds that remain invested the potential to increase in value.
You can take up to 25% of the pot as a tax-free lump sum, generally up to a maximum of £268,275. The remaining funds are moved into drawdown and any withdrawals will be subject to income tax in the tax year they are made.
You will need to decide how to invest the remaining 75% of your pension pot that you transition into drawdown. Selecting investment funds should align with your withdrawal plans and risk tolerance. It’s crucial to carefully consider your investment selections and the timing of your withdrawals. Keep in mind, the income from these investments is not assured since the value of investments can decrease as well as increase, and so the level of income you take will need to be reviewed regularly. Withdrawing too much money prematurely will reduce the size of your pension fund and the investment growth may not be sufficient to maintain the level of income you wish to draw. If you withdraw money at a rate greater than the growth achieved by your investments, your remaining fund will reduce in value.
It’s also possible to shift your pension pot into income drawdown incrementally. With each portion you transfer, you can take up to 25% as a tax-free sum, while the remainder goes into pension drawdown. This approach is often referred to as phased or partial drawdown.
An annuity is a financial product that you can buy with some or all of your pension funds after you have taken your 25% tax-free cash. It offers a guaranteed income for the rest of your life.
You have the option to customise an annuity with various features, such as protection against inflation. Additionally, you can incorporate death benefits to allow the income to continue for a beneficiary after your death.
Your income rate from the annuity can change based on your health conditions. These are often referred to as enhanced or impaired life annuities, considering factors from your height and weight to your blood pressure and even serious health issues. The annuity provider evaluates your specific situation to offer a personalised income rate.
Annuities can provide a secure, guaranteed income which can be extremely valuable, potentially making them an important part of your overall income strategy, especially as you age or if your willingness and ability to take financial risks decrease.
As annuity rates can change substantially and rapidly, there is no guarantee that when you do purchase an annuity the rates will be favourable. This could mean that your pension thereafter may be less than you hoped for.
As you edge closer to retiring, the income you would normally receive from employment or your business may instead come from your pension pot(s).
The biggest worry for many people is running out of money when they decide to retire. So, how do you make your money last as long as you do?
There are several options to consider, including using your pension fund to purchase an annuity which can secure you an income for the rest of your life.
Another option is pension drawdown which allows you to take income from your retirement fund rather than buying an annuity, but due to the risks involved, you will need to take specialist advice.
The changes to pension freedoms that now allow people to have full access to defined contribution (DC) pensions from age 55, with unrestricted income is good news. These new rules remove most of the concerns people may have had in the past about inflexibility with pensions. You should carefully consider your options when thinking about retirement as it is an important decision to make.
You can also access free impartial pensions guidance from the Pension Wise website, or you can book an appointment over the telephone: 0800 011 397.
Please note that clicking this link may open the external website in a new window or tab.
This next stage of your life can be full of opportunities and choice. It can be a time to rethink and reassess your priorities, and what you want to get out of life.
And like any great adventure, robust planning can make the difference between a good retirement and a great one.
However, along with all the opportunities that retirement brings, the responsibility to make the right choices, and ensure your money lasts as long as you do, is now with you.
It’s also important to remember that your financial circumstances will continue to change throughout your retirement. You will need to make ongoing choices, and review your strategy regularly to make sure your everything stays on track.
There is a lot to consider when you access your retirement benefits, and it’s important to remember that you don’t have to make all of your decisions in one go.
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.
Should you require more information or have particular questions, we invite you to contact us at your convenience.
Contact UsHolistic Tax Planning and Optimisation
Introduction
Our proprietary framework involves managing your wealth in the most tax-efficient manner, relentlessly focusing on helping to protect your wealth from erosion by taxes and aiming to maximise post-tax investment returns.
Critical elements
– Tax-deductible strategies
– Tax-advantaged strategies
– Asset sale tax planning strategies
– Cash flow distribution strategies
– Tax implications for estate planning
– Coordination with tax professionals
Our principles
– Utilise all of your family’s available tax allowances, every year where possible
– Arrange your assets in the most tax-efficient manner utilising tax-advantaged investments where appropriate
– Holding dividend and interest-paying investments in tax-deferred or tax-efficient accounts
– Tax-smart wealth distribution strategies, with tax-efficient retirement income withdrawal and estate planning
Every investor is looking for an edge that helps them boost their overall wealth. But one strategy that most investors don’t pay enough attention to is tax efficient investing. The reason? Even small reductions in tax costs could potentially have enormous consequences for wealth accumulation when compounded over a number of years.
Your goals and personal philosophy towards taxes are unique and may change over time. For many families, income tax planning and estate planning are key components in their financial plan.
Our recommendations are outcome-based, not tax-driven. We allow your goals and values to determine the best tax strategy. Our clients rely on us for comprehensive solutions that take into account annual income and capital gains taxes, inheritance and estate taxes now and in the future. You are advised to seek independent tax advice from suitably qualified professionals before making any decision as to the tax implications of any investment.
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.
Need a bespoke financial plan crafted specifically for your unique requirements?
Book a DemoOptimal asset allocation plays a major role in maximising returns, but many investors overlook asset location – a systematic method for enhancing returns without switching out investments.
This strategy involves placing different types of assets in the most tax-efficient wrappers and investments based on their expected tax impact. The goal? Minimising tax drag and maximising after-tax returns.
Understanding and keeping up-to-date with UK tax regulations can be complex and time consuming. We help our clients by structuring their finances tax efficiently.
With access to a dedicated Tax and Technical team and the Technical Connection division at
St. James’s Place, we are well equipped to devise intelligent tax-efficient investment programmes and help ensure these remain relevant with changing legislation.
As a wealth management firm, we carefully consider the tax implications of dividends, income, and capital gains for each client’s portfolio. The tax planning strategies we use include:
– Matching tax-generating assets with tax-efficient investments
– Offsetting gains with losses whenever appropriate
– Using tax-exempt and tax-advantaged investments as warranted
– Closely monitoring the after-tax return on your investments and reporting taxable distributions to your accountant
Other wealth managers and private banks may report only your investment returns, but they might not be factoring in a key element that could lower what you take home: taxes.
We believe in using noncontentious tax planning to help you maximise the return on your capital and minimise the impact of all the taxes on your wealth. We work with your professional advisers to help ensure your accountant, personal tax adviser, and solicitor are all working together to develop a long-term plan that is tax efficient.
There are many legitimate tax planning opportunities that are available, which we will advise you on and suggest suitable plans that meet your long-term objectives – this is where our skills really make a difference to you and your family.
Our tax-smart retirement income strategy is another way in which different components can complement one another by sequencing withdrawals in a tax-efficient way.
A simple withdrawal sequence might involve withdrawing from taxable accounts first and tax-advantaged accounts last, but even more complex withdrawal sequencing strategies can have a significantly greater impact on lifetime spending power. For example, distributing savings that don’t register as taxable income, like tax-deferred withdrawals from an offshore or onshore bond, and distributions from tax-efficient vehicles such as ISAs.
Overall, how these different approaches are combined can make a significant difference when it comes to building wealth over the long term. Each of them can be helpful in and of themselves, but in concert, they can provide much more significant compounded benefits that can really move the needle. We help you by maximising the use of government allowances, so you can have the lifestyle you deserve;
– Taking a tax-efficient retirement income
– Helping to reduce your Inheritance Tax Bill (IHT)
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.
Should you require more information or have particular questions, we invite you to contact us at your convenience.
Contact UsHigh And Ultra High Net Worth Individuals
We measure success not just by the numbers, but by the lasting relationships we build.
We know wealth isn’t just money. It’s the freedom to live your life, your way.
Your aspirations matter to us, and our advisers are here to help you reach them with a bespoke financial plan. Your wealth, your goals, and your priorities, are ours too.
Meet Apollo
Our accomplished team of wealth advisers is singularly focused on getting to know your priorities, aspirations, and goals.
Understanding and keeping up-to-date with UK tax regulations can be complex and time consuming. We help our clients by structuring their finances tax efficiently.
With access to a dedicated Tax and Technical team and the Technical Connection division at St. James’s Place, we are well equipped to devise intelligent tax-efficient investment programmes and help ensure these remain relevant with changing legislation.
As a wealth management firm, we carefully consider the tax consequences of dividends, income, and capital gains for each client’s portfolio. The tax planning strategies we use include:
- Matching tax-generating assets with tax-efficient accounts
- Offsetting gains with losses whenever appropriate
- Using tax-exempt and tax-advantaged investments as warranted
- Closely monitoring the after-tax return on your investments and reporting taxable distributions to your accountant
Research has shown that tax-aware investing can significantly contribute to the long-term growth of a portfolio.
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.
As part of our wealth management offering, we can refer you to a range of solutions that have been developed specifically for our clients with more specialist banking and lending requirements. These solutions include;
- Exclusive mortgages and rates
- Investment-backed lending
- Cash management solutions
- Foreign currency exchange services
Your adviser will work with the SJP Private Clients team to understand both your current and future needs as well as your servicing preferences, in order to create a solution to your individual circumstances.
Your home may be repossessed if you do not keep up repayments on your mortgage.
These enquiries will be referred to a service that is separate and distinct to those offered by St. James’s Place.
Providing you with a plan that is modelled and stress-tested based on your individual cashflow, which demonstrates how you can gradually move out of work or generate partial income.
Pension contributions become complex particularly with a higher level of income, but we can advise on capitalising on tax-efficient pension savings, including how best to use carry forward, in the event that you have surplus funds to contribute, or are restarting contributions (for example, with the removal of the Lifetime Allowance/LTA).
Many employers contribute to your pension on your behalf at rates far exceeding the statutory amount – particularly at a higher level of seniority. We can advise on capitalising on these contributions, as well as maximising your own, based on a tax-efficient strategy that looks ahead to the level of pension funds you may need in 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.
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.
Our service draws together the skills and experience of three organisations, each specialising in offshore investment related services. Together, Rowan Dartington*, Apollo Private Wealth and Credit Suisse are uniquely placed to manage your offshore investments – as well as all of the complex requirements for custody and administration of non-domicile portfolios, whilst remaining compliant with all relevant legislation.
Read more about advice for UK Resident Non-Domiciled individuals.
*Rowan Dartington is the discretionary fund management and stockbroking arm of St. James’s Place, and provides a range of additional, complementary wealth management services.
The value of an investment may fall as well as rise. You may get back less than you invested.
These enquiries may be referred to a service that is separate and distinct to those offered by St. James’s Place.
With our expert knowledge around inheritance tax (IHT) we can help structure your financial positions, remuneration, retirement planning, protection and business exits, in a way that could mitigate your IHT liability, helping you to pass more of your wealth on to your descendants, and to charitable causes.
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.
Exit strategies may include the referral to a service that is separate and distinct to those offered by St. James’s Place.
Including tax and trust experts, legal advisers, and other professional services.
Trusts are not regulated by the Financial Conduct Authority.
These enquiries may be referred to a service that is separate and distinct to those offered by St. James’s Place.
