Beaumont Robinson IFA | Financial Advice Yorkshire | Independent Advisors | Yorkshire Leeds Harrogate Bradford Skipton

		Home \| Register for our Communiqué News Letter \| Download our literature

Independent financial advisors to individuals & businesses | Bradford, Yorkshire, United Kingdom

	Site Map Downloadable pdf documents 1. Multiple Services One Standard 2. The Big Picture 3. A Matter of Balance 4. Pension Watch Service 5. Communiqué Winter 2009 6. Communiqué Spring 2010 7. Our Client Proposition Who we are Clear Speaking Advisors Beaumont Robinson operates according to these key business values. They guide our colleagues in the delivery of our work and in every interaction with all our stakeholders. They are the foundation on which we build our business. Clear speaking, you’ll read that time and time again on this website. That’s because taking a complex subject or situation, applying our knowledge and experience, and advising you clearly, reassuringly and honestly, is what we are all about. We want to be open and close to our clients, to talk their language. We want to build trusting, fruitful and long term relationships with them. We’re dealing with important matters concerning their future well-being, and we want them to feel comfortable and enjoy the process. The Company Beaumont Robinson Limited, Independent Financial Advisors, is registered at and operates from: 1 Clifton Villas, Bradford BD8 7BY. Registered in the UK at companies house number 04849239. The Team Structure Each of our clients has a dedicated team providing specialist knowledge and administration, and is headed by their Beaumont Robinson Consultant: the client’s main point of contact and source of financial advice in Yorkshire. We make sure all clients have easy access to their team so there is always someone to answer questions. All members of Beaumont Robinson are appropriately qualified and highly experienced in their field. They’ll listen to you, question you and tell you what they think in a clear and honest way. We want our clients to be comfortable with the people they deal with and put trust in the advice they receive. Our People Strength in depth Not only do we have consultants with depth of knowledge and experience, but we also understand the problems and issues our clients face daily, because we too run our own independent business. We believe we bring a lot more to the table than simply advising clients on products, and have over the years, helped clients with issues such as business building. Our people are some of the very few in the region experienced and qualified to provide the effective and efficient service required for final salary scheme administration and fund management. It ís the strength of the people who make a company, and our people have their own unique skill sets and experience. We actively encourage personal development within the company structure. The board room door is always open, and everyone at Beaumonts has opportunities to add value to the future of the business. History Yorkshire pride We are an independent owner managed business. Everyone is hands on and determined to create a distinctive service, highly valued by its clients and partners. Bradford city has an amazing history and has many overlooked assets today. We’re very proud of our Bradford roots, and have been giving advice to companies and individuals throughout Yorkshire, York, Leeds, Harrogate, Shipley and across the UK. As an example of this pride, David Cubitt was founder of the Manningham Means Business community regeneration initiative. The project is having a major impact on the quality of life in our area of the city. Our business is all about creating a beneficial future. For our clients and for those who work inside it. 1971 The Beaumont name was established as independent financial advisors. 1988 David Cubitt (MD) and Tony Howard (Chairman) led a management buy out. 1999 The long established business of Robinsons was acquired. 2001 The insurance broking side of the business went through an MBO and that company is now totally independent of Beaumont Robinson. 2003 Merger with Leeds based financial advisors Adamson Williams. 2005 Acquisition of Guiseley based John Currie Financial Management. Beaumont Robinson now one of the largest firms of independent financial advisors in Yorkshire. Multiple Services OneStandard Corporate & personal wealth management Beaumont Robinson was formed in 1971 and has since grown organically and by acquisition to create a company of specialist Independent Financial Advisers (IFA). Our objective is to be recognised as the best IFA in the north of England. We aim to achieve this by excelling in the two specialist areas of Corporate and Personal Wealth Management. We offer corporate advice as well as personal advice which some IFAs don't. They often focus on personal wealth management. We believe this is wrong because very often personal wealth has come from company assets or from family businesses. Empathy is our strength Not only do we have advisors with depth of knowledge and experience, but we also understand the problems and issues our clients face daily, because we too run our own independent business. We believe we bring a lot more to the table than simply advising clients on products, and have over the years, helped clients with issues such as business building. Clients like you Beaumont Robinson has developed through a large corporate client bank. We now look after clients with hundreds of employees as well as our bread and butter family owned businesses, many of which have grown up with us and become very successful in their own fields. Multiple Services Our specialists offer a comprehensive range of services which is in some ways unique. Whilst we were one of the forerunners in the Self Invested Pension market we also advise on Final Salary Pension schemes. Our advanced software systems are normally only available through the larger consultancy companies. One Standard Our philosophy is to always give value for money and put our clients' interests first - whilst growing our own company by setting higher and higher standards. Welcome to Beaumont Robinson, we look forward to working with you. News Communiqué Spring 2010 1997: Education, Education, Education 2010: Tax, Tax, Tax We’re all still reeling from the last shock. Where is the next shock coming from... TAX? World markets have seen some stability return. Now governments have to reduce the substantial deficits created by the over optimism and loose monetary policies which fuelled the asset bubbles. There is much talk around the world of reducing public expenditure by getting a tighter grip on economies. The bottom line for the UK is simple: tax bills are likely to increase and both savers and earners will suffer… it will hurt us all. We think during the next 5 years it will be more important than ever to shape our clients’ financial affairs to: REDUCE TAX AND IMPROVE RETURNS. Big Topic 1 Tax we know about Good existing opportunities. Right now there are ways available to reduce the burden of tax and maximise returns. Wakey, wakey! Invest £20,400 pa for tax-free returns. At long last the government is encouraging us to invest. We all thought that ISAs were modest, not anymore. There has been a 40% plus increase in the amountyou can invest annually. A couple can now put away £20,400 a year - that means say after 3 years well over £60,000 is ring-fenced from the tax man. Significant in anybody’s book. From October 2009 ISA allowances increased to £10,200 for the over 50s. In April 2010 this increase applies to all adults. We strongly recommend you take advantage of the improved allowances and use these each year. If you’re aiming to reduce risk, with Beaumont Robinson you can put £5,100 in a Cash ISA and £5,100 in a Shares ISA. £60,000 liberated from the tax man - not to be sniffed at! Use your pension to reduce TAX, TAX, TAX. Save 40%+ In a higher tax environment, pensions are becoming far more important for high earners. Salary sacrifice is back. Now we have got to grips with the new A-Day rules from April 2006, the Chancellor has now gone and introduced further fundamental changes to pension rules affecting higher earners. In general terms, anyone earning over £130,000 a year should be careful when making pension contributionsor indeed accepting contributions from their employer. You could lose higher rate tax relief on certain contributions. Also, even dividends and benefits-in-kind form part of the new £130,000 threshold. As ever the rules are complicated. But the main point is: pension schemes continue to be one of the most tax efficient savings vehicles available to individuals. With new charging structures and greater flexibility, andin this higher tax environment, a pension scheme in our view should be the number one priority for everyone. And particularly higher-rate taxpayers. Big Topic 2 Pain after the election. The Tax you don’t know about - it’s coming and everything is up for grabs. What We Think Capital Gains Tax to increase to 25% 7/8 Fav Vat to increase To 20% 2/1 Stamp Duty on houses to increase 9/5 Personal Allowances to be eroded for higher earners 11/8 Tax on Insurance Policies to increase to 10% 11/8 Going very soft and unpredictable in London! Read our next edition of Communiqué to see how events unfold. Big Topic 3 ATTENTION! Pensions alert For employers: NEST Employers get clued up - here comes VAT mark II. New “Personal Accounts” pension schemes (NEST - National Employment Savings Trust, to give them their Sunday name) will be introduced in October 2012. They involve a new compulsory pension scheme for most employees. Then, in the great British tradition, they have the voluntary right to withdraw from the scheme! The main point for employers is that you will be legally obliged to introduce these new schemes. A bit like VAT, NEST will mean extra administration: an extra cost on your business. The detail will evolve over the next 2 years. Please contact us - we are making arrangements to protect all our corporate clients to ensure that the legislation is being adhered to. For those employers with existing schemes you need to make sure that your scheme meets the new qualifying rules. For further information please contact Rob Scott or Phil Harrison. For employees: S2P (formerly SERPS) Should you rush back into S2P? 6 million people with Personal Pensions and Stakeholder Plans are being urged to review their decision to opt out of the top-up State Pension, formerly known as SERPS. Many of our clients are receiving mail-outs from pension providers encouraging them to contract back in to the Government pension scheme. It’s true, mathematically most people will be better off in the Government pension scheme. But where individuals want more control over their pension funds and are able to sacrifice a potentially higher Government pension, they could remain contracted out. The problem is that different Governments change their minds. For fear of upsetting the electorate, no political party has ever addressed the thorny issue of making pensions compulsory (with the possible exception of NEST). So in future the attraction of contracting back in may disappear. Also remember that a contracted out Personal Pension Plan has the same benefits as a normal Personal Pension Plan - you can take 25% of your benefits as tax-free cash. Our stance is quite clear – if a potentially higher Government Pension is paramount to you, albeit one with less individual control, then contract back in. Communiqué Winter 2009 Aftershock dealing with a new world The events of 2008/09 have been incredible, sending shockwaves around the world. This feels like a near miss to us: as we stand on our car brake and miss the car in front by inches, smugly admiring our driving skills, but looking nervously in our mirror. We know that businesses will always find a way through even the biggest of crashes. And we're delighted to see our clients' funds growing once again. But the aftershocks will continue for some time and we feel caution is needed. The cornerstone of our strategy is always to protect wealth and try to smooth out investment returns, achieved in the good old days by investing in With Profit type funds. But with a couple of exceptions, these are no longer the panacea they used to be - time has moved on. Clients' pension funds and personal savings have been on a roller coaster ride since the start of the new millennium. For this reason, we have been building partnerships with some of the leading names in the world of fund management, and are considering a new strategy going forward: a redesigned Beaumont Robinson investment proposition. Some of the investment opportunities mentioned in this Communiqué are part of this strategy and we hope to explain this more fully face to face with you and in future Communiqués. 1. Are you 50? Rules are changing Did you realise that your Retirement Options are changing from 5th April 2010? After 6th April 2010 you will need to be age 55 to draw any pension benefits. Some firms are actively encouraging clients to draw their tax free cash prematurely before the rules change. Whilst you need to be aware of this option, please understand that this could reduce your final pension benefits at retirement. For advice on these changes please contact us. ISAs Another rule change affects those at 50+. ISA allowances have now been raised for this tax year: £20,400 per couple, making ISAs an excellent tax efficient investment vehicle. 2. Cash: making it work harder Are interest rates set to remain miserably low? You may be sitting on a large pile of cash right now, as many of us have taken refuge from the financial ups and downs of the last 18 months. These are unprecedented times and we all need to think differently about making our money work for us going forward. Beyond the fixed rate cash bonds we can all check out on the comparison websites, there are some other ideas worth considering: The Freehold Income Trust (FIT) An investment which currently yields over 4% return plus growth and has never fallen in value in 15 years. Life Settlement Funds With yields of up to 8% per annum being achieved by buying into the American life assurance market. Lower Risk Absolute Return Funds Aims to beat inflation, creating steady growth and trying to protect the downside. Can be useful as part of a wider portfolio. 3. Should you reduce your risk? We have just been through the deepest economic downturn since the Great Depression. But things will get better, won't they? Potentially yes. But where will this journey take us next? History tells us this won't be the last crash. Market crashes 1987 BLACK MONDAY 1992 BLACK WEDNESDAY 1997 ASIAN FINANCIAL CRISIS 1998 RUSSIAN FINANCIAL CRISIS 2000 DOT-COM BUBBLE BURST 2001 SEPTEMBER 11TH ATTACKS 2008/2009/? GLOBAL FINANCIAL CRISIS For some, riding the roller coaster over the long-term is fine, but for others, timing can be earth shattering: if you're in drawdown and your 5 yearly review takes place during a trough... you would be seriously affected; if you reach 75 at the bottom of the markets... your annuity rate could be ghastly; you're made redundant in a slump... you may have to take your pension. The scenarios are numerous. Risk reducing ABSOLUTE RETURN FUNDS DISCRETIONARY MANAGEMENT FUNDS SINGLE ASSET FUNDS Risk is a personal choice. But reducing risk may be sensible. Put another way - we all drive different cars and have different styles of driving, but we all wear a seat belt. There are a number of ways of reducing risk in your portfolio. They are best discussed on a case-by-case basis. IFA Forum November 2009 Michael Wall Appointment Staff News November 2009 Golf day 2009 Contact Location Map & Contact Details

	Personal Pensions Pension Watch Service Dust down your pension assets A pension scheme is viewed by many as no more than a 'bank account', not normally accessed until you retire or semi-retire. Something to leave untouched for the future. However that is very much yesterday's view. Recent changes to pension legislation means that while the basics remain the same, your pension assets are now much more than a forgotten, untouchable thing. Unfortunately so many of us put tens of thousands of pounds in our pension and still just leave it there, gathering dust. Reap the benefits Pension Watch is a service from Beaumont Robinson providing bespoke ongoing pension management to take advantage of all the new opportunities. Using unique advanced technology, it monitors the returns on your pension arrangements and we make appropriate recommendations. In tough times as well as boom times, Pension Watch works to ensure your valuable pension assets are protected where possible from market volatility, with the aim of providing financially stress-free entry into retirement. Constantly on the case Our Pension Watch service will first of all determine the cost of consolidating your pension funds. Then it monitors the performance of your holdings – making recommendations for any appropriate adjustments. Finally, rebalancing your holdings as retirement gets nearer. We will update you regularly in plain English not technical gobbledygook. It means an experienced advisor is always making your pension work for you - day in, day out. Much better than leaving things to gather dust. Pensions & SIPPs Explained Features at a glance: Access to tax-free cash Draw benefits while working Vast range of investment types Control in your hands Access benefits at 55 Your pension can borrow Growth & income roll up in a tax-free environment Clear as mud? Like most people your pension plans are probably a bit complicated. You may have taken out different plans at different points in your life and now you might have 2, 3 or even 4 or more plans all doing slightly different things. Do you feel you're on top of it all? Do you know why you've got this and that plan? Where are you invested and what in? Are your investments still tailored to meet your needs? Are you ready to take advantage of opportunities in recent legislation? Are your pension plan charges competitive? Are you really in control? April 6th 2006 was a radical day for pensions. Quite simply, all previous rules were binned and a new set of rules introduced. New rules which created: new options, new opportunities and new flexibility. The changes were aimed at getting us to put more into our pensions by making them more financially attractive. A SIPP (Self Invested Personal Pension Plan) may be the best way to take advantage. Recent changes that affect Pensions & SIPPs The changes affected individuals in different ways. There are opportunities and pitfalls specific to each person. So it’s important that you review your arrangements with a Beaumont Robinson advisor. Protect important existing rights; unlock all the latest possibilities; and make your pension central to your financial planning. How does a SIPP work? A SIPP (Self Invested Personal Pension) is a tax efficient wrapper for your pension investments. The new rules make a SIPP an ideal pension investment vehicle for a high net worth individual before and after retirement. It's extremely flexible, both in the investments it can contain and how you manage them. It could contain: commercial property; funds from existing pension plans; directly invested stocks and shares; cash; managed investment and pension products The Advantages of a SIPP Contributions: great flexibility in the amount you or your company can invest. Draw benefits - continue to work Partially retire, or retire early. Take a tax-free lump sum from your pension pot while you're employed. No longer required to retire or take a pension to take out this tax-free cash. Options to reinvest this money to grow pension further. Annuities: not required to buy a pension (an annuity) when you retire. At 75, options other than annuities available. Protect existing arrangements Lifetime limit: can invest up to £1.75 million in your pension. Tax charges over this limit. Pension can borrow up to 50% of fund value. Pension makes repayments from untaxed income. Assist asset purchase. Tax advantage Pension investments broadly tax-free. Control personal and company tax and maximise tax reliefs. Range of investments: huge choice - no longer tied to insurance companies. Rules on Taxation The rules on taxation can change. Their value will depend on your personal tax position. The information on this website is based on our understanding of current legislation as of January 2010 and may be subject to change. Planning your Retirement We all know planning your pension is important and you need to do it. But it can seem complex and frustrating, particularly as the rules and the products keep changing. We can show you all the options and advise you on your best plan of action. While you are working There are two main stages to your pension: one - before you retire; two - after you retire. While you are working there are several options available to build up a pension pot for use when you retire. All the options are governed by Inland Revenue regulations and all benefit from the tax man contributing to the investment. The main options available now are: • SIPPs (Self Invested Personal Pension) allow you to take greater control of managing the investment of your pension fund. We help you take full advantage of this flexible option. • SSASs are similar to SIPPs as they are flexible. They are operated by your employer. • Group Pensions are run by your employer and we help advise you and administer the pension for your employer. • ISAs (Individual Savings Account) can be used as part of your retirement funding. The amount you can put in each year however is relatively limited. What about Stakeholder Pensions, Final Salary Schemes, Occupational Pension Schemes, State Pensions, Personal Pension Plans, Additional Voluntary Contributions? With so many options and rules for new and existing schemes, it’s best to talk face to face with an experienced and knowledgeable Beaumont Robinson Adviser, who will lead you through this complex subject as clearly as possible. So you've retired You aim to have the time of your life. It helps if your pension is now working for you as best it can. As always there are options available to you. Again we advise you on your best plan of action, as clearly and simply as we can. • Income Drawdown is a flexible and useful way of accessing your fund while it remains invested. • Annuity is the product you have to purchase under current regulations in order to draw an income from your pension pot. Buying an annuity with the funds in your pension pot then fixes the size of your income for the rest of your life, so it's a decision to be made after careful thought. A Beaumont Robinson Adviser will help you with this important choice. As with all aspects of pensions, the options available at retirement require a good deal of consideration and an experienced and knowledgeable Beaumont Robinson Adviser will help you through the process. Rules on Taxation The rules on taxation can change. Their value will depend on your personal tax position. The information on this website is based on our understanding of current legislation as of January 2010 and may be subject to change. Our Service The Beaumont Robinson service: clear speaking consultants your team - available to answer your questions your review - keeps you up to date client proposition - options that suit you Personal advice Your Beaumont Robinson consultant will listen to you, question you, look at the bigger picture of your circumstances. Then show you all the opportunities and advise you on your best plan of action. For all our clients we try to do this as clearly and simply as we can. We aim to stick by you for the long term and tell you honestly what we think. Our service is not one-size-fits-all. We believe you should have options, so you get exactly what you need and you don't pay for anything you don't need. Dedicated team Our people are some of the very few in the region who are experienced and qualified to provide the effective and efficient service required for final salary scheme administration and fund management. We access actuarial services as and when required, so you get a seamless service designed to maximise fund value and administrate matters as efficiently as possible. Corporate Solutions The Big Picture Solutions for businesses Beaumont Robinson have been advising companies, partnerships and sole traders for nearly 40 years. We have specialist knowledge in a wide area of financial services. Without doubt pension planning is the core part of our corporate activities. Whilst many other advisors restrict their advice to pension products, we look at the bigger picture. We take into account other sources of wealth which will have a major bearing on your affairs. For the whole company We are also unusual in that we are able to advise at all levels: from trustee and board members through to all other employees. For business & personal life In many cases we advise directors and partners on both corporate benefits and on a personal basis. To many clients, business and personal life are intrinsically linked. We find the two facets of our service dovetail well together. Indeed not all IFAs offer both Corporate and Personal Wealth Management. For building business Like many clients, we too run our own independent business. We empathise with many of the issues facing our clients. Our advisors bring a lot more to your company than just advising on products. Experienced financial advice and business acumen - welcome to the Beaumont Robinson way of looking after corporate clients. Company Pension Plans For companies we offer clear and honest pensions advice based on long term experience. The Beaumont Robinson team has a well developed and robust administration system. And because we use the latest efficient IT systems, we can offer keen fees. The Beaumont Robinson Corporate Pension service offers: advice and consultancy for all types of company and key executive pension schemes administration, actuarial and documentation for new schemes, existing schemes and scheme wind-ups The key aspects of the Beaumont Robinson corporate pension service: • advise: employers, trustees, scheme members and key executives • for corporate pension clients throughout UK and abroad • service of all company pension types: Group Pension Plans, Final Salary, Money Purchase, key executive personal pension plans • scheme design, implementation and presentation to employees • on going advice, consultancy and administration • membership records set up and administered in-house • pension scheme payroll facility available • individual consultations and pension clinics for key executive and scheme members • annual valuation and performance commentary for all scheme members • access to independent consulting actuaries • access to documentation specialists providing model rules for Final Salary and Money Purchase schemes Clear advice from your Beaumont Robinson consultant and the efficiency of our administration team are the keys to building a long lasting relationship with you. We hope both employers and employees consider us a valuable part of your team, not a remote middleman. We recognise that a company pension is an important part of both your employee's future and the package of benefits that you offer. Our Service The Beaumont Robinson service: clear speaking consultants your team - available to answer your questions your review - keeps you up to date client proposition - options that suit you Personal advice From the very first chat your Beaumont Robinson consultant will listen to you, question you, look at the bigger picture of your circumstances, then show you all the opportunities and advise you on your best plan of action. For all our clients we try to do this as clearly and simply as we can. We aim to stick by you for the long term and tell you honestly what we think. Our service is not one-size-fits-all. We believe you should have options, so you get exactly what you need and you don't pay for anything you don't need. See our Client Proposition page to decide exactly what service you require. Dedicated team Typically a final salary scheme is still run completely by a firm of actuaries. Actuarial matters require specialist knowledge - so the fees charged by actuaries are high. However specialist actuarial services are only one part of running a final salary scheme. Member administration and investment advice forms a larger part. Beaumont Robinson are specialists in this field. We are pension consultants, not actuaries. Our people are some of the very few in the region who are experienced and qualified to provide the effective and efficient service required for final salary scheme administration and fund management. We access actuarial services as and when required so you get a seamless service designed to maximise fund value and administrate matters as efficiently as possible

Wealth Management

A Matter of Balance

Building and protecting your wealth
We have been looking after clients' money for nearly 40 years and now have over a third of a billion pounds worth of funds under our management. This is spread over a wide range of products and funds, but ultimately is being managed for one reason only - to give you and your family the life you want.
Many people think they have the golden answer to wealth management. Some have a blind obsession with property, believing it to be the solution to so many problems. Similarly many business people think that their company is their pension, ignoring anything to do with proper wealth management.

Balancing act
The real answer, as so often, is about balance. Wealth management is balance: through spreading your investment types. Our job is to help clients achieve this balance.
We believe that if it looks too good to be true it usually is. Our experience of markets and asset types steers us to test (as far as possible) all the products and funds which we recommend. We often invest in them ourselves. We wonder how many other 'advisors' actually invest in the products they so easily recommend to their clients.

Right for you
It is our job to identify what is right for each of our clients. Our qualified consultants are highly experienced and co-ordinate with other professionals.
The Beaumont Robinson valuation and review service checks your holdings and evaluates your current situation against your initial reasons for investment. This is backed up by in-house technical and advanced IT support.
Proper wealth management is promised by many, but so few advisors actually deliver - welcome to the Beaumont Robinson way.

Growth Income Protection

Managing your portfolio
advice and administration
for personal clients and companies
investing capital for growth and for income
protecting and preserving assets
portfolios including equities, gilts,
corporate bonds, investment bonds, commercial property funds, cash
tax and trust planning
lifetime cashflow planning

Asset managment service
All your life you have accumulated wealth. Wealth of knowledge, wealth of experience, wealth of family and friends, wealth in pounds shillings and pence. Often it's the wealth in pounds shillings and pence that allow you to enjoy your other wealth to the full. So it's important that your monetary wealth works as well as it can to safeguard all the other areas of your life. The Beaumont Robinson Asset Management service strives to preserve, protect and grow your monetary wealth and ensure that it can provide income to sustain your lifestyle.
Everyone's monetary assets are composed in different ways, everyone's lifestyle and aspirations are different. The methods of investment and protection available are numerous and can be subject to complex regulation. Asset management is a big subject, we think it's best dealt with in a methodical and thorough way. Your Beaumont Robinson Adviser will take you through a process to ensure you achieve the best monetary outcome for you and your family. Here's the process summarised:

Identification
• identify all your assets (sometimes important assets can be overlooked)
• identify your objectives and aspirations
• understand your timescales
• understand your approach to risk (your risk profile)
• assess your income and growth requirements
• assess your need to access your capital
• assess your tax status
• understand your views about inheritance
• if you are an owner of a company: understand the relationship between your personal assets and the assets of the company

Research
• research the markets for appropriate investment products - it may be desirable to invest in many varied markets including equities, gilts, corporate bonds, investment bonds, commercial property funds, cash
• as independent advisors we have experience of the widest range of investment types and access to all leading UK and offshore investment companies
• understand implications of current and planned legislation.

Planning
• create a portfolio of investments that fully satisfy your objectives as already defined
• consider the impacts of taxation, especially Capital Gains Tax and Inheritance Tax
• plan as much as is necessary the timescale of future developments in the portfolio
Solution
• refine and agree the suggested investment solution
• implement and action all planned investments
• ensure everything is correctly set up

Monitoring
• periodically check performance of investments
• a valuation of all investments is collated and presented to you at least once a year (your review)
• assess performance and feedback our thoughts to you
• liaise with you to ensure that the investment plan keeps track with changing circumstances

Our process isn't a piece of computer software that spits out plan A or plan B. We think people and investing are far too complex to rely on a standardised solution. Our process relies on an experienced Beaumont Robinson Adviser really listening to you and questioning you. Then consulting with colleagues who have huge technical knowledge and finally providing you with a bespoke solution to fit your needs. And because over time circumstances do change, we keep in close regular touch with you to ensure the advice we give you is always the advice you need at that point in your life.

Rules on Taxation
The rules on taxation can change. Their value will depend on your personal tax position. The information on this website
is based on our understanding of current legislation as of January 2010 and may be subject to change.

Tax & Trust Planning

Capital Gains Tax and Inheritance Tax can have significant impacts on personal wealth: when the value of assets are realised or assets pass from you to your family, tax liabilities may occur.

Planning ahead
An important consideration in asset management is the impact of taxation. Investments should be planned to take advantage of Income Tax rules by properly using personal allowances. Capital Gains Tax and Inheritance Tax can have significant impacts on personal wealth: when the value of assets are realised or assets pass from you to your family, tax liabilities may occur. Minimising these liabilities requires careful forethought and planning.
As part of our Asset Management service we provide tax and trust planning advice from in-house specialists. Where additional input is required from accountants or solicitors, we co-ordinate the process as your main point of contact, so you receive a consistent and efficient service.

The key aspects of the Beaumont Robinson tax and trust planning service:

Income Tax
• use of personal allowances

Capital Gains Tax
• use of tax exemptions
• use of trusts
• use of specialist investments such as Venture Capital Trusts

Inheritance Tax
• assessment of the value of your estate and the ownership of assets
• will planning
• gift of assets via flexible trusts
• protecting assets using a specialist trust such as will trust, discounted gift trust, spousal interest trust, gift and loan arrangements
• Use of life policies to insure against an Inheritance Tax liability
• Use of Inheritance Tax exempt investment schemes

Corporate Tax Planning
• protecting your company’s assets – it’s people and it’s income
• use of cross option agreements, share protection cover, key man insurance
• consideration of salary versus dividend options for directors
• as an owner managed company we have firsthand experience of dealing with these issues and planning company tax affairs

Tax and trust issues can involve some of the most complex regulations. Reliable and thorough planning and advice from specialists is essential. Your Beaumont Robinson consultant will clearly explain the options available to you and work with you to safeguard both your future and your family’s future.

What we think about IHT

Do you want to leave a big part
of your estate to the taxman?

IHT - a big issue?
Inheritance Tax (IHT) is set to become a big issue for so many individuals in the UK but the vast majority of people don't realise it. The value of your estate could have grown rapidly, and at the same time the financial threshold at which IHT is payable has risen much slower. So a huge final tax bill is awaiting many.
But why worry, you'll be dead when it needs paying? Unfortunately your heirs will still have to pay those big price rises. They'll receive much less than previously in real terms. IHT kicks in above £325,000 (current Nil Rate Band for 2009/2010 tax year) and is charged at 40%! An estate of £750,000 would pay a whopping £170,000 of IHT liability.

You don't have to pay it
What people don't seem to realise is IHT is voluntary unlike income tax or VAT. You don't have to pay it. By planning for IHT you can leave your beneficiaries the vast majority of what you're worth instead of a huge chunk ending up in the taxman's pocket. Those with foresight have already started planning. What do we think? Don't leave it too late. Contact Beaumont Robinson now and we can take care of it for you.

Our Service

The Beaumont Robinson service:
clear speaking consultants
your team - available to answer
your questions
your review - keeps you up to date
client proposition - options that suit you

Personal advice
Your Beaumont Robinson consultant will always listen to you, ask questions, understand your circumstances, your aspirations and look at the wider climate, then discuss the opportunities and advise you on your best plan of action. Life moves on and things change, that plan of action must keep pace, so regular contact with you is vital. For all our clients we try to do all this as clearly and simply as we can. We aim to stick by you for the long term and tell you honestly what we think.
Traditionally asset management consultants have received commission when an investment product is sold. This commission method of charging for our work can be appropriate in certain circumstances. However we believe there are also situations where charging a fee for our work rather than taking a commission would be in our clients best interest. For example, taking a commission from the sale of a product and only getting further remuneration if changes are made, we feel encourages unnecessary change.

Under our fee system commissions are returned to the portfolio to become additional capital. Click here to see our Client Proposition page which details the commission and fee options. You can decide exactly what kind of service you want to pay for - you get what you need, and you don't pay for anything you don't need.

Dedicated team
As asset management can cover many classes of asset and involve extensive rules and regulations, we feel you should have access to a team of specialists. Your dedicated team will look after your affairs and is headed by your Beaumont Robinson consultant.

A key part of our service is to keep in close touch with you over the longer term. Your review is a key part of this contact. At least once a year depending on the fee option taken, your team will collate and prepare a clear and understandable personal valuation. At that point your Beaumont Robinson consultant will tell you how we think things are progressing and advise on any action.

The service we offer our clients and the relationship we build is everything. It's your future. And we strive to safeguard it.

Authorised and Regulated by the Financial Services Authority