About Wilson Mitchell & Co. Ltd
How We Can Help You
Wilson Mitchell's expertise lies in offering advice on the following:


Investments

To ensure that you have the best possible investment options open to you through The St. James's Place Wealth Management Group, we offer a tailored service to meet your unique requirements.

Our particular talents are in untying the knots of complex portfolios that are not working as effectively as they should, or that are simply not useful or understandable!


Retirement Planning

We offer the following range of products:

  • Retirement Plans - helping you to retire at a time that suits you

  • Stakeholder Pensions and Self-Invested Personal Pension Schemes (SIPPs) - ensuring you have the resources needed to enjoy your retirement

  • Trustee Schemes, Drawdown Plans and Annuities - mitigating the taxes payable during your retirement and on death

  • Transfer Plans (including Section 32s) - ensuring your pension is working as hard as you are before retirement


Personal Financial Planning

Every client's personal circumstances and needs are different, and so Wilson Mitchell's approach is to fully explore and discuss these at an initial meeting, before any solutions or specific financial products are proposed. Based on the information given by you at this first meeting, we will send you a full report, setting out the areas discussed and the actual solutions we propose to the issues highlighted. Many of our clients tell us that this is not something that they have experienced in the past and reflects our confidence in our ability to translate your needs into effective solutions.

At our second meeting we will discuss the report and answer any further questions which you may have before putting in place the recommendations.


Inheritance Tax Planning

Your estate, for Inheritance Tax purposes, includes not just your house but also any other assets that you possess, including personal items such as jewellery or war medals. This means that for a single person with an estate of over £400,000, the Capital Taxes Office will receive at least £30,000 of the estate before children or other beneficiaries receive the balance. With our help, you may be able to reduce or eliminate this bill.


Wills* are Important

Louise Mitchell is a member of the Institute of Professional Will Writers which means that Wilson Mitchell & Co can take instructions from clients and pass them to a solicitor or other fully qualified professional. This gives you the advantage of both the financial and legal perspectives of your Will planning.

You will benefit from having someone who will take the time to understand your circumstances and is qualified to take accurate and tailored instructions. Our in-depth knowledge of your wishes and life plans makes your Will more personalised and tailored to your needs.

We also look at the best ways to mitigate potential Inheritance Tax liabilities and prepare a report to ensure that any plans are understood in detail before they are put in place. This can potentially save an Estate tens of thousands of pounds.

Additional services we offer are helping to potentially protect assets such as your house from the effects of paying for nursing care in the future; discussing and accommodating the use of a Lasting Power of Attorney if necessary; speaking with Executors, Trustees and Attorneys so that they understand the potential responsibilities involved; and a Will Review Service for existing wills which have already been drawn up.

How We Work
We will visit you at home to take your full instructions. These can include specific bequests to charities, family and friends and the inheritance of the balance of your Estate. We will also guide you to the use of Trust Planning to mitigate or avoid potential Inheritance Tax and to safeguard as much of your estate for your family as possible.

We will then pass your instructions to a solicitor or other fully qualified professional who will write an accurate and tax efficient Will tailored exactly to your requirements. Once this is done, we will visit you again to review the Will and to execute it correctly. This is vital if your wishes are to be fully recognised and carried out.

Once you are satisfied with your Will we will arrange for storage where it is easily accessible for your beneficiaries and whoever deals with probate.

* Will writing and arranging Lasting Powers of Attorney involves a service that is separate and distinct service from those offered as a Representative of St. James's Place. Wills, Lasting Powers of Attorney and some areas of Inheritance Tax planning are not regulated by the Financial Services Authority.


Company Director Services

Planning for Succession: Who will take over the business when you leave? What will happen if you die or become too ill to work? These are questions which are far easier to answer before any problem arises. **

Planning for Your Retirement: If your plan for retirement is based on selling your business, how are you going to maximise its value at the point of sale? We work with specialists who can help you in this area as well as ensuring that pensions and other investments are likely to maintain your standard of living at retirement. If your major asset is your skill set i.e. as a consultant, then your business may not be saleable and therefore planning becomes even more important.

Cutting Costs: If you have arranged any borrowing or shareholder/partnership protection from your bank, they may also have arranged life insurance. More competitive cover may now be available. This can often reduce costs and/or be tailored to cover your actual needs. It is also important to find out if your bank has arranged suitable Trusts, otherwise tax may be payable thereby reducing the impact of the proceeds at a time when they are needed most.

We also help with pensions and protection (including group health insurance) for employees. This helps to retain valuable staff who may be difficult and expensive to replace if they find a better package of benefits elsewhere. The cost of such provision is usually a fraction of the costs involved in replacing or retraining staff.

** May involve a service which is separate and distinct from those offered by St. James's Place.


Personal Cash and Borrowings

Wilson Mitchell can advise on all aspects of mortgages and other borrowings, to ensure that your money works as hard as you do.


Experience our approach: please call 01943 865819
or email office@wilsonmitchell.co.uk
to arrange a confidential review of your finances.