Professionals
Take Control of your Finances
Financial planning for professionals
We recognise the challenges faced by professionals in managing their finances amidst their demanding schedules. Managing your finances can be overwhelming and attempting to go it alone can lead to missed opportunities and wasted opportunities to be more tax-efficient.
Leave the time consuming paperwork and administrative burden with us while you stay in control of your financial decisions. Together, we will create a solid plan for your financial future.
Our personalised approach to financial planning takes your unique needs and goals into account, giving you the tools and knowledge to make informed decisions about your finances. With our support, you can build a strong professional ecosystem that sets you up for success and feel confident in your financial future.
Smart ways to Minimise your Taxes and Maximise your Income and Assets:
Tax wrapping can save you money: You can have your money sheltered from Income Tax and Capital Gains Tax if you use your allowance and put your money into a tax wrap option.
Take advantage of your personal allowance: There are several allowances and tax reliefs available that can significantly improve financial efficiency. By taking advantage of these opportunities, you can ensure that you are not paying excessive taxes.
Put your regular savings to work for you: Are your regular savings accounts your best choice? You have options and we discuss these with you.
Compound Interest Will Boost Your Returns
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It is evident from the right graph that delaying your investment by just 10 years can have a significant impact on the amount of money you accumulate by the time you retire. The graph shows a comparison between two individuals who start investing at different times but with the same initial investment amount. The person who starts early and takes advantage of compounding interest will have a considerably higher retirement savings balance compared to the individual who delays their investment.
The left graph demonstrates the positive effect of reinvesting your investment income over an extended period. When you reinvest your investment returns instead of withdrawing them, you allow them to generate further returns. This compounding effect leads to exponential growth over time, as your returns earn their own returns. The graph likely shows the increasing value of a portfolio over an extended period due to the reinvestment of investment income.
Both graphs highlight the importance of starting early and taking advantage of compounding interest for long-term investments. Starting early allows you to benefit from a longer time horizon, giving your investments more time to grow. Additionally, reinvesting your investment income can substantially boost your portfolio’s value over time, thanks to the compounding effect.
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.
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