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Author: Shaun Pearce

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5 ways to look after your finances in a recession



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5 ways to look after your finances in a recession

Here are our 5  tips for taking care of your finances during a recession and possibly avoiding financial stress in the future.

1) Sort your savings:​

In these days of very low interest rates (the Bank of England base rate is just 0.1% at present), it can be difficult to find a way to grow or even protect the buying power of your savings. However, you can shelter them from tax by opening an Individual Savings Account – an Isa. There are various types, the main ones being the Cash Isa, which keeps your money as cash, or a Stocks and Shares Isa, which can be slightly more risky, but with the potential for better returns. Also, if you’re prepared to lock your cash into a Fixed Rate Isa for up to 5 years, you can get an even better savings rateI

2) Be ‘pension savvy’:

Even in bleak financial times, it’s crucial to keep up our retirement savings. Remember, a pension gives you tax relief: if you’re paying basic rate tax at 20%, then for every £80 you save into your pension, HMRC tops it up by £20, making it a great option for long-term saving for retirement. The sooner you start pension saving, the longer your money has to grow. The motto is: the earlier, the better – you could reap the benefits of 40 years of growth!

3) Review fund investments:

Your financial plan is flexible, which means you can always review the funds you’re invested in. This is especially important if you’ve invested your money yourself, ie, without financial advice. That’s because, in any given year, many funds, including some of the largest, fall short of their investment targets. Your advisor can take a look inside your fund investments, and if necessary, switch you into better performing funds, ‘tweaking’ your finances to restore your money to top performance and ensuring it’s reaching its maximum potential.

4) Protect your family:

How would your loved ones fare if they were to lose your income through serious illness or even worse? Life insurance is something many of us think of when we start a family, with good reason: it can provide our dependants with financial security, or even pay off the mortgage, if the worse were to happen. Then there’s critical illness insurance, the insurance you take in case you don’t die. It can pay a once-off, tax-free lump sum if you are struck down by a serious illness such as cancer, heart attack, MS or a stroke. This would provide a financial safety net for you and your family and give you peace of mind to help you recover.

5) Take good advice:

In their report ‘What it’s Worth – Revisiting the Value of Financial Advice’, pensions company Royal London found that those who took advice were, on average, £47,706 better off when they retire. This included pensions, savings accounts and Isas, insurance products and shares investments. The rules around financial products, and pensions in particular, have never been more complex. If you want to avoid unexpected tax bills and unsuitable investments, advice has never been more necessary!

This article does not constitute financial advice, and should not form the basis for financial decisions, which should be taken only in consultation with a qualified financial adviser. The value of investments can fall as well as rise, and you may end up with less than you invested.


Contact Us

Ascot Wealth Management Limited is authorised and regulated by the Financial Conduct Authority reference 551744. Our registered office: Scotch Corner, London Road, Sunningdale, Ascot, Berkshire, SL5 0ER. Registered in England No. 7428363. www.old.ascotwm.com Unless otherwise stated, the information in this document was valid on 3rd February 2017. Not all the services and investments described are regulated by the Financial Conduct Authority (FCA). Tax, trust and company administration services are not authorised and regulated by the Financial Conduct Authority. The services described may not be suitable for all and you should seek appropriate advice. This document is not intended as an offer or solicitation for the purpose or sale of any financial instrument by Ascot Wealth Management Limited. The information and opinions expressed herein are considered valid at publication, but are subject to change without notice and their accuracy and completeness cannot be guaranteed. No part of this document may be reproduced in any manner without prior permission. © 2017 Ascot Wealth Management Ltd. Please note: This website uses cookies. To continue to use this website, you are giving consent to cookies being used. 

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Could there be a link between investing and wellbeing?



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Could there be a link between investing and wellbeing?

Money is of course top of the list when it comes to issues most people worry about.

Whether it’s regarding short-term finances or our long-term future, financial insecurity can cause serious anxiety and low self-esteem.

But even though it often seems tempting to ignore money worries, recent research suggests that tackling the issues head-on can actually make people feel better than not doing it at all.

And by this they mean something as simple as opening an investment account.

In Blackrock’s Global Investor Pulse, which each year asks what people think and feel about their financial health, they report that once people start investing, 43% feel happier about their financial future, 36% of people have a higher feeling of wellbeing and 19% feel less stressed.

The results say this is true regardless of wealth, age, gender or life stage. Even more encouraging is that new investors say the improvement in their mood is immediate.

For those of you who already have a financial plan, this may simply be interesting to note. I’d love to know if you feel you are happier as a result of knowing that you have a plan in place. And even more interesting would be whether – as the research suggests – this feeling was immediate.

But it may be more meaningful to people you know who aren’t currently investing their money. Currently 63% of British adults hold no market-based investments at all. The reasons range from finding it too difficult to understand and feeling as if ‘investing is just for experts’.

However, now might be as good as any to enter the market for the first time. And tiny steps can have a huge impact. Even investing small amounts of money can lead to a greater return than just having it in a savings account where interest rates are at an all-time low.

Whether you are a current AWM client or someone just looking to get some advice, please do contact us by licking the button below or giving us a call on the number at the top of the page.

If you think it would be helpful for me to talk to anyone in need of a financial second option, then please pass on my details – I’d be happy to give them a call. Afterall, the results also say that 76% of investors who use a financial adviser report having a positive sense of wellbeing, and who am I to argue with that?!


Contact Us

Ascot Wealth Management Limited is authorised and regulated by the Financial Conduct Authority reference 551744. Our registered office: Scotch Corner, London Road, Sunningdale, Ascot, Berkshire, SL5 0ER. Registered in England No. 7428363. www.old.ascotwm.com Unless otherwise stated, the information in this document was valid on 3rd February 2017. Not all the services and investments described are regulated by the Financial Conduct Authority (FCA). Tax, trust and company administration services are not authorised and regulated by the Financial Conduct Authority. The services described may not be suitable for all and you should seek appropriate advice. This document is not intended as an offer or solicitation for the purpose or sale of any financial instrument by Ascot Wealth Management Limited. The information and opinions expressed herein are considered valid at publication, but are subject to change without notice and their accuracy and completeness cannot be guaranteed. No part of this document may be reproduced in any manner without prior permission. © 2017 Ascot Wealth Management Ltd. Please note: This website uses cookies. To continue to use this website, you are giving consent to cookies being used. 

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What is Intergenerational Planning?



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What is Intergenerational Planning?

Many of you will be thinking of your children’s futures alongside your own and looking for tax-efficient ways of creating a legacy.

However, as we live longer, there is often more than one generation in any one family. This means it’s worth considering how grandchildren and great grandchildren can also benefit from your estate.

This is what we mean by intergenerational planning

The standard inheritance tax rate is 40% of anything in your estate (property, possessions and money) over the £325,000 threshold. For example, if you leave behind an estate worth £500,000, the tax bill will be £70,000.

In 2018 the UK government made a record amount in inheritance tax receipts as it broke the £5billion mark for the first time.* With the right planning, you can significantly reduce your inheritance tax liability.

You can make use of tax allowances, use trusts and different types of investments, and you can also gift your money to reduce your wealth.

Trusts aren’t as complicated or costly as you may imagine, and you can still retain an element of control over your money. There are a number of trusts to choose from, from bare trusts to discounted gift trusts to loan trusts and gift trusts. The kind of trust you choose depends on what you want it to do.

However, intergenerational planning isn’t just about inheritance tax planning

With increased longevity and social change, many people are now considering ways of using their wealth to support their family during their lifetimes.

Whether it’s helping with school fees, paying for a wedding or helping grandchildren get on the property ladder, intergenerational planning is about ensuring the right amount of money goes to the right people at the right time.

Your property is another thing to consider, such as transferring it into your children’s name and paying a rent, or selling your house and gifting your children the proceeds.

The best thing to do is to start this kind of planning early

We can help you understand your options, prioritise, and to see how you might spread your wealth throughout your family in the best way possible.

We can also help you to broach the topic with your loved ones. It’s often important for families to be able to discuss their own opinions and it helps them to feel more responsible in their role as an inheritor of the family wealth.


Contact Us

Ascot Wealth Management Limited is authorised and regulated by the Financial Conduct Authority reference 551744. Our registered office: Scotch Corner, London Road, Sunningdale, Ascot, Berkshire, SL5 0ER. Registered in England No. 7428363. www.old.ascotwm.com Unless otherwise stated, the information in this document was valid on 3rd February 2017. Not all the services and investments described are regulated by the Financial Conduct Authority (FCA). Tax, trust and company administration services are not authorised and regulated by the Financial Conduct Authority. The services described may not be suitable for all and you should seek appropriate advice. This document is not intended as an offer or solicitation for the purpose or sale of any financial instrument by Ascot Wealth Management Limited. The information and opinions expressed herein are considered valid at publication, but are subject to change without notice and their accuracy and completeness cannot be guaranteed. No part of this document may be reproduced in any manner without prior permission. © 2017 Ascot Wealth Management Ltd. Please note: This website uses cookies. To continue to use this website, you are giving consent to cookies being used. 

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Good Debt Versus Bad Debt – Understanding The Grey Area



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Good Debt Versus Bad Debt – Understanding The Grey Area

Debt is due for a rebrand. So often when we hear about debt in the news, it’s within the context of “bad debt” – households in over their heads with credit card bills and interest payments; students working three jobs to chip away at college loans; house-poor millennials saddled with mortgage payments because they tried to get in on the market before it moved even further from reach.

But not all debt is bad. There are ways to leverage it in order to open up economic opportunities that will advance your financial plan. The key is to learn how to talk about it and cut through the noise.

While mortgages, student loans and investing in your business are often classified as good debt, and cars, credit card debt and vacations are commonly seen as bad debt, it’s a bit more complicated than that. For instance, what if that car helps grow your business opportunities or what if you’re living beyond your means with the mortgage?

It’s time to re-calibrate the way we look at debt and see how it can be used to your advantage.

Understanding the grey area

We often look at the dividing line between the two as if it increases your net worth or has future value, it’s good debt. And if it drains your wealth and decreases your value, it’s bad debt. But this also negates the point that all debt comes at a cost and that cost of borrowing needs to be considered. Further to that, the cost of your debt should be considered in your financial plan.

Ask yourself: Are you borrowing money at the best possible rate and are you prepared if interest rates rise in the future? How will leveraging this debt improve your finances in the future? And what’s your response if things go awry?

Part of keeping good debt from turning into bad debt is stress-testing the different scenarios, knowing your comfort level, and developing a plan.

Using debt to your advantage

Our role as your financial planner is to set you up for the future, and part of that is managing debt. Together we can identify strategies that help you use debt to your advantage – from mapping out your cash flow and identify the debt problem areas to prioritising expensive delinquent accounts over lower interest and less pertinent debts. Debt can be restructured into more beneficial vessels that allow you to draw equity or consolidate the amounts you owe.

Although this may work for some, others may encounter a different situation so it’s very important to speak to us or a professional adviser regarding your debt and how to manage it effectively. Debt can also have a negative impact on your credit score which I another reason to have a professional look into your unique situation.

So don’t let debt’s bad rep get in the way of a good strategy. Talk to us about how it can fit into your plan.


Contact Us

Ascot Wealth Management Limited is authorised and regulated by the Financial Conduct Authority reference 551744. Our registered office: Scotch Corner, London Road, Sunningdale, Ascot, Berkshire, SL5 0ER. Registered in England No. 7428363. www.old.ascotwm.com Unless otherwise stated, the information in this document was valid on 3rd February 2017. Not all the services and investments described are regulated by the Financial Conduct Authority (FCA). Tax, trust and company administration services are not authorised and regulated by the Financial Conduct Authority. The services described may not be suitable for all and you should seek appropriate advice. This document is not intended as an offer or solicitation for the purpose or sale of any financial instrument by Ascot Wealth Management Limited. The information and opinions expressed herein are considered valid at publication, but are subject to change without notice and their accuracy and completeness cannot be guaranteed. No part of this document may be reproduced in any manner without prior permission. © 2017 Ascot Wealth Management Ltd. Please note: This website uses cookies. To continue to use this website, you are giving consent to cookies being used. 

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AWM Performance Monitor : August 2020



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AWM Performance Monitor – August 2020

Note From The Managing Director.

The advisory portfolios had a strong August, all posting positive numbers in what was a muddling month for asset classes overall. Mid-month there was a lot to digest for investors with I would say the first signs of volatility coming back into the various markets for bonds, equities and commodities. This has split into September but comments will stay focused on this month’s overview.

The biggest battle we see currently is in the direction of inflation with mid-month deferrals of the second US stimulus bill looking like being the end of September at the earliest. This meant sell-offs in asset classes such as gold and inflation-protected bonds, Gold had reached a peak close to 2100 but has dropped and seems to be trading in a range of around 1950. We have held our overweight position as we still sit on the inflation risk fence that low long term inflation. I think this theme was somewhat reflected at month-end and I have a deeper view that as much as some sales chains, such as our own with video meetings have been officiated I see short to medium term issues with the supply of goods and this will likely lead to inflationary pressure. Just this week in the FT (Financial Times) there was a good example of this applied to a rabbit purchase. The journalist’s pet rabbit had died during the lockdown and she set out to replace it but could not find one due to the sudden demand for small pets. She ended up paying triple the standard amount to replace her furry friend. This theme resonated with me and this is why we will keep our gold overweight for the time being.  There was continued out-performance in many sectors for actively managed funds and this is something adopted into thinking in the Cape Berkshire equivalents. Early October will see the realignment of these AWM portfolios to their Cape Berkshire led equivalents, performance-wise there has not been too much difference Q3 to this point.

Positives on the month were the small and midcap UK positions we hold as part of our UK allocation. The FTSE had a torrid month finishing sub 6000, at a time the Nasdaq the US tech index was running away higher. The service-based nature of the UK economy has hurt our domestic recovery but there must come a point where there are some attractive fund or investment trust-based value plays. Either way, the Merion UK Smaller Companies fund up 6.68% was a real star performer on the month. Of other note was the resignation after a long period of governance of Prime Minister Abe in Japan which we will see the fallout in the coming months. We remain underweight Japan vs benchmark, not with mass negativity but as I always remind clients the overweight’s must be funded from somewhere. Of note, we again saw a good recovery of the Indian Alquity fund where like the UK mid and small caps outperformed.

Our next note will be our quarterly update where we will look further to BREXIT and the pending US election in quarter 4. Enjoy the month.

AWM Portfolio Performance

These tables simply indicate AWM’s portfolio’s over the stated time periods up to 31/08/2020.

Market Update

Yet another very encouraging month all portfolios showing a solid performance (on average +1.43% over the month). This is greater than both the FTSE100 (returning +1.12%) and the UK Government Gilt sector (returning -3.60%). As these two benchmarks are seen as opposite ends of the risk spectrum, this gives evidence that the AWM portfolios have generated considerable risk-adjusted returns for the month. 

Over a 3 month period, the advisory portfolios have returned between 5.58% and 7.77% (mean of 3.64%), largely outperforming their FTSE UK Private Investor benchmark counterparts. As I author this note, since the COVID-related portfolio lows of 23rd March, the portfolios have returned between 12.15% (AWM1) and 31.29%. This strong continuing performance beyond the initial recovery maintains our confidence in the management of the portfolios.

Click through to the performance graphs for longer-term overviews and versus world indices.


Performance Graphs

Best and Worst Performing Funds 

This table simply indicates a portion of the AWM’s chosen invested funds, which are either the best performing or worst performing, over the stated time periods up to 31/08/2020.

This information is correct and up to date as of 10/09/2020.

This Performance Monitor has been created from multiple sources as well as our own views and this should not be taken as investment advice. If you require financial advice then please contact us by email or phone so that you can speak to a qualified financial adviser. Any information provided/gathered will be subject to the General Data Protection Regulation (GDPR). You may be assured that we and any company associated with Ascot Wealth Management will treat all personal data and sensitive personal data and will not process it other than for a legitimate purpose.

Ascot Wealth Management Limited is authorised and regulated by the Financial Conduct Authority reference 551744. Our registered office: Scotch Corner, London Road, Sunningdale, Ascot, Berkshire, SL5 0ER. Registered in England No. 7428363. www.old.ascotwm.com Unless otherwise stated, the information in this document was valid on 3rd February 2017. Not all the services and investments described are regulated by the Financial Conduct Authority (FCA). Tax, trust and company administration services are not authorised and regulated by the Financial Conduct Authority. The services described may not be suitable for all and you should seek appropriate advice. This document is not intended as an offer or solicitation for the purpose or sale of any financial instrument by Ascot Wealth Management Limited. The information and opinions expressed herein are considered valid at publication, but are subject to change without notice and their accuracy and completeness cannot be guaranteed. No part of this document may be reproduced in any manner without prior permission. © 2017 Ascot Wealth Management Ltd. Please note: This website uses cookies. To continue to use this website, you are giving consent to cookies being used. 

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Ascot WM – Performance Monitor July 2020



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AWM Performance Monitor – July 2020

Note From The Managing Director.

The month saw a rebalance to the CBAM portfolio positions and the maintenance of a gold overweight in those portfolios has, in particular, helped spur the positive July returns vs other parts of the world. In addition after pain on the way down the Active US equity fund that the portfolios hold has both protected from the close to 6% rally in the £ vs the $ after being a missed opportunity cost in March.

We see this continuing so expect no change in this fund and its positioning for the rest of 2020. We get great data as an investment team in running our lean and efficient passive driven funds but still maintaining active managers in many parts of the world.

The last 3 months has really been one where active managers have earned their fees and we will keep an open mind as to whether we bring this back to the closer 50/50 historic split. This will increase portfolio cost but if you look at July all 5 top performers were actively management positions.

Year to date we are really happy to have portfolios back to where they are given the market challenges we have faced.

AWM Portfolio Performance

These tables simply indicate AWM’s portfolio’s over the stated time periods up to 31/07/2020.

Market Update

It has been yet another encouraging month with all portfolios showing a solid performance (on average +1.29% over the month). This is rather impressive when consideration is paid to the fact that the “big three” indices of the FTSE 100 & EUROSTOXX50 & S&P500 (covering UK, Eurozone & USA) finished down 4.01%, 1.19% & 0.27% respectively. Since the portfolio low of 23rd March, the portfolio has returned between 11.22% (AWM1) & 26.49% (AWM5).

The rebalance of July 2020 has so far performed in line with expectation, which gives us confidence in the positioning of our portfolios for the remainder of Q3 2020.

Click through to the performance graphs for longer-term overviews and versus world indices.


CONTACT US

Best and Worst Performing Funds 

This table simply indicates a portion of the AWM’s chosen invested funds, which are either the best performing or worst performing, over the stated time periods up to 31/07/2020.

This information is correct and up to date as of 09/07/2020.

This Performance Monitor has been created from multiple sources as well as our own views and this should not be taken as investment advice. If you require financial advice then please contact us by email or phone so that you can speak to a qualified financial adviser. Any information provided/gathered will be subject to the General Data Protection Regulation (GDPR). You may be assured that we and any company associated with Ascot Wealth Management will treat all personal data and sensitive personal data and will not process it other than for a legitimate purpose.

Ascot Wealth Management Limited is authorised and regulated by the Financial Conduct Authority reference 551744. Our registered office: Scotch Corner, London Road, Sunningdale, Ascot, Berkshire, SL5 0ER. Registered in England No. 7428363. www.old.ascotwm.com Unless otherwise stated, the information in this document was valid on 3rd February 2017. Not all the services and investments described are regulated by the Financial Conduct Authority (FCA). Tax, trust and company administration services are not authorised and regulated by the Financial Conduct Authority. The services described may not be suitable for all and you should seek appropriate advice. This document is not intended as an offer or solicitation for the purpose or sale of any financial instrument by Ascot Wealth Management Limited. The information and opinions expressed herein are considered valid at publication, but are subject to change without notice and their accuracy and completeness cannot be guaranteed. No part of this document may be reproduced in any manner without prior permission. © 2017 Ascot Wealth Management Ltd. Please note: This website uses cookies. To continue to use this website, you are giving consent to cookies being used. 

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The Importance of a Will



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The Importance of a Will

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Lets Address the elephant in the room, Wills. Its never an easy topic but an important one to have. Having a conversation with your partner and family about these difficult topics is important because losing someone, especially a spouse or partner, can have a huge impact on your finances for months or even years to come if you’re not prepared for it.

Throughout your life, you accumulate assets, things, savings, pensions and you may want to pass them down to your loved ones or charities close to your heart. So many people don’t know the importance of a Will before it’s too late and how factors such as Inheritance Tax make this process even more difficult to grasp. Here are a few points to help with getting your head around the importance of having your Will.these difficultIts never an easy 

Making sure you have the correct Executors and Guardians:

Executors are the people you choose to be responsible for making sure the wishes in your will are carried out. If you have children under the age of 18 (16 in Scotland), you can use your will to appoint guardians for them.

Pass on Property you own

If you own a home or a buy to let property, you can leave it in your will to whoever you like.

Leave gifts to people

Many people like to pass on items they own of sentimental value.  If you have a will, you can leave specific items you own to people you’d like to inherit them. You can also say who should inherit if any of the people you leave money or gifts to die before you.

Provide for stepchildren and unmarried partners

Unmarried partners and stepchildren won’t automatically inherit from you.  Instead, they would have to go to court to make a claim, which can be both emotionally and financially costly. So, if you would like to pass anything on to them, it’s important you put this in your will.

What should happen to your pets?

You can leave your pet to someone under your will and you can include instructions on how they should be cared for in a letter of wishes. You may also want to leave the person you choose some money to help cover the costs of caring for your pet. Alternatively, there are animal charities that will care for and try to re-home your pet.

Leave instructions about your online accounts

In this day and age, everything is done online. It’s important to think about what should happen to your online accounts, from emails and photographs to online bank accounts. This information should definitely be passed on to avoid your loved ones from not being able to access your documents or any required information. However, this should be a side note in your will as a will could potentially become a public document when you pass on.

Leave money to charity

You can leave a cash sum, particular item or a share of everything you own to a charity. This has potential IHT benefits and should certainly be looked at when creating/editing your Will.

Pass on your business and any foreign assets

This can get complicated and it’s important to get legal or professional assistance when adding this type of information into a Will. We can certainly assist with this.

Minimise the inheritance tax bill

This is where we can really help you. If your estate is large enough to worry about IHT. There are many things to factor in so contact us for advice.

Your pension and your will

You cannot leave someone your pension in your will. Instead, you need to make sure you’ve taken the right steps to ensure your pension(s) go to the people you want them to. There are many things to consider when it comes to passing on your pension. We can provide you with the best possible outcome for your individual circumstance.

Adding a letter of wishes

This document is not legally binding and does not have to be formally written by an expert. Essentially, it’s a note that sits alongside your will and provides guidance to your executors. One of the benefits of writing one is that you can update and change it without affecting your will.


CONTACT US

Ascot Wealth Management Limited is authorised and regulated by the Financial Conduct Authority reference 551744. Our registered office: Scotch Corner, London Road, Sunningdale, Ascot, Berkshire, SL5 0ER. Registered in England No. 7428363. www.old.ascotwm.com Unless otherwise stated, the information in this document was valid on 3rd February 2017. Not all the services and investments described are regulated by the Financial Conduct Authority (FCA). Tax, trust and company administration services are not authorised and regulated by the Financial Conduct Authority. The services described may not be suitable for all and you should seek appropriate advice. This document is not intended as an offer or solicitation for the purpose or sale of any financial instrument by Ascot Wealth Management Limited. The information and opinions expressed herein are considered valid at publication, but are subject to change without notice and their accuracy and completeness cannot be guaranteed. No part of this document may be reproduced in any manner without prior permission. © 2017 Ascot Wealth Management Ltd. Please note: This website uses cookies. To continue to use this website, you are giving consent to cookies being used. 

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If you lived to be 90, will your pension be sufficient?



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If you lived to be 90, will your pension be sufficient?

According to the Office for National Statistics the average life expectancy at birth for a UK male is 79.2 and 82.9 for their female counterparts. However, in 2017 alone there were 579 776 people aged 90 which begs the question, will your pension be enough if you lived to be 90?

Saving plans, such as pensions, were developed in another time when the typical  retirement might only last a decade. Since the introduction of a UK state pension in 1908, life expectancy has increased by 36 years due to scientists tackling life shortening diseases yet the retirement age has barely changed.

Some help is available already – the government is offering a generous tax relief on pension contributions while employers will save on your behalf. It is important to start saving as early as possible as for each year you delay saving for retirement, or don’t save enough, the proportion of your annual earnings you’ll need to put aside for your “golden years” will increase.

What are your options? You can start investing into a pension scheme today and make regular contributions to it or you can also look at investing into an investment scheme that suits your risk appetite to supplement your pension income.

The good news is you don’t have to find retirement solutions by yourself, contact us for your free initial meeting today.


CONTACT US

Ascot Wealth Management Limited is authorised and regulated by the Financial Conduct Authority reference 551744. Our registered office: Scotch Corner, London Road, Sunningdale, Ascot, Berkshire, SL5 0ER. Registered in England No. 7428363. www.old.ascotwm.com Unless otherwise stated, the information in this document was valid on 3rd February 2017. Not all the services and investments described are regulated by the Financial Conduct Authority (FCA). Tax, trust and company administration services are not authorised and regulated by the Financial Conduct Authority. The services described may not be suitable for all and you should seek appropriate advice. This document is not intended as an offer or solicitation for the purpose or sale of any financial instrument by Ascot Wealth Management Limited. The information and opinions expressed herein are considered valid at publication, but are subject to change without notice and their accuracy and completeness cannot be guaranteed. No part of this document may be reproduced in any manner without prior permission. © 2017 Ascot Wealth Management Ltd. Please note: This website uses cookies. To continue to use this website, you are giving consent to cookies being used. 

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And the winners are…



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And the winners are…

Mark Insley AWM’s CEO pictured centre and AWM’s Catriona McCarron to his right

We are delighted announce that, after being shortlisted in the Professional Adviser Firm of the Year, AWM have been chosen as the (South East) 2019, winner! It was announced on Thursday night at an awards ceremony in London.

We are thrilled to be recognised for such a prestigious national award.

In total, the services and products of more than 200 advisers and other businesses were under consideration for the 2019 Professional Adviser Awards to reward excellence both within the financial advice community and among the broader financial services sector. 

A huge thanks to our talented AWM team; without them none of this would have been possible. And of course, not forgetting the loyalty, trust and support of our clients.

Many thanks for all the congratulatory emails from those who have already heard this great news.


CONTACT US

Ascot Wealth Management Limited is authorised and regulated by the Financial Conduct Authority reference 551744. Our registered office: Scotch Corner, London Road, Sunningdale, Ascot, Berkshire, SL5 0ER. Registered in England No. 7428363. www.old.ascotwm.com Unless otherwise stated, the information in this document was valid on 3rd February 2017. Not all the services and investments described are regulated by the Financial Conduct Authority (FCA). Tax, trust and company administration services are not authorised and regulated by the Financial Conduct Authority. The services described may not be suitable for all and you should seek appropriate advice. This document is not intended as an offer or solicitation for the purpose or sale of any financial instrument by Ascot Wealth Management Limited. The information and opinions expressed herein are considered valid at publication, but are subject to change without notice and their accuracy and completeness cannot be guaranteed. No part of this document may be reproduced in any manner without prior permission. © 2017 Ascot Wealth Management Ltd. Please note: This website uses cookies. To continue to use this website, you are giving consent to cookies being used. 

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What to do with a sudden windfall



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What to do with a sudden windfall

When you receive a sudden windfall of money from inheritance, a gift, or for some lucky individuals out there, winning, the extra cash creates an opportunity for you to improve your financial situation. There are several steps you can take to preserve your new found wealth  and potentially set yourself up for life goals or early retirement.

Determine the tax implications

The very first step should be to consider the tax implications. Speak to your financial adviser to determine the most tax-efficient strategy.

Set up a FUNd (a small portion for fun!)

Set aside a small percentage for your enjoyment or entertainment. Generally this should not be more than 10-15% of the money.

Set up a Financial Plan

Before you make any  big decisions, create a Financial Plan for this money. If you’ve already done this, consider updating your financial goals. 

Create or update your Estate Plan

A sudden windfall is the perfect opportunity to review your Estate Plan to make sure that your money will be distributed exactly according to your wishes upon your death…and as tax efficiently as possible.

Create an Emergency Fund

An Emergency Fund is traditionally 3 – 6 months worth of your salary. This money should be put in a high yield savings account, and the money should only be accessed for true emergencies such as job loss or a medical emergency. Remember to always replenish it after you have dipped into your Emergency Fund.

Pay off or consider buying a house

If you don’t already own a home, this money may make an excellent deposit. If you purchase the house outright and have some funds remaining, consider investing the money you would’ve spent on regular mortgage payments elsewhere.

Speak to one of our financial advisers today to help you on your financial journey!


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Ascot Wealth Management Limited is authorised and regulated by the Financial Conduct Authority reference 551744. Our registered office: Scotch Corner, London Road, Sunningdale, Ascot, Berkshire, SL5 0ER. Registered in England No. 7428363. www.old.ascotwm.com Unless otherwise stated, the information in this document was valid on 3rd February 2017. Not all the services and investments described are regulated by the Financial Conduct Authority (FCA). Tax, trust and company administration services are not authorised and regulated by the Financial Conduct Authority. The services described may not be suitable for all and you should seek appropriate advice. This document is not intended as an offer or solicitation for the purpose or sale of any financial instrument by Ascot Wealth Management Limited. The information and opinions expressed herein are considered valid at publication, but are subject to change without notice and their accuracy and completeness cannot be guaranteed. No part of this document may be reproduced in any manner without prior permission. © 2017 Ascot Wealth Management Ltd. Please note: This website uses cookies. To continue to use this website, you are giving consent to cookies being used.