Cottons Financial Planning
We provide bespoke, individual and tailored advice on a vast range
of financial needs. All Cottons advisers adopt a flexible approach to work
around your busy schedule. Their current qualifications and experience are
testament to their approach helping every client get the best outcome
from any given financial scenario.
We will show you all the different ways to save for retirement. By asking the right questions about your future, you’ll begin to see more clearly how to maximise your potential retirement fund.
Inheritance tax planning
We will help you plan for any inheritance tax liability and show you how the assets that you have built up during your lifetime can be passed on to your family.
We will help you explore the various ways to use your pension fund in order to provide you with an income in the future.
Whether you are looking for growth or income, we will help you build a series of tax-efficient investments.
We will explain how we can help to make sure you and your family are taken care of financially should the worst happen.
We will help you look after yourself with medical care now and long-term care in the future.
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 reliefs depends on individual circumstances.
We will explain how you can protect against losing control of your business to a third party and show you how we can help you to purchase a deceased colleague’s shares.
We will help you plan the future of your business for when it comes to the time that you are either no longer able to run your company, or no longer wish to do so.
Whether you want to offer private healthcare or other P11D benefits to your employees, we can help you work out a plan and a budget to suit your requirements.
Key Person & Loan Protection
We will look at how you can bring stability back into your business in the unfortunate event of a key person dying. This includes discussing ways of protecting outstanding business loans and replacing the crucial employee in your company. Read more
We can also help you with a wide range of other services such as insuring your assets and facilitate a referral for making a will.
Please note that the writing of a Will and some other areas of advice covered here, will necessitate the referral to a service that is separate and distinct to those offered by St. James’s Place.
Is your business fully protected?
Take a few minutes to run through these questions and see how protected your business really is.
Which of the following would damage your business the most?
- Company car is stolen
- Someone steals the computer
- The photocopier breaks down
- A window is broken by vandals
- One of the business owners suffer a heart attack
- A business owner, director or partner suddenly dies.
It’s the people that make your business run smoothly, and without them (or even yourself) your business would have a hard time functioning.
Are you insured for the most damaging events?
Running a business always involves an element of uncertainty. Premises can be rebuilt, content and material assets can be replaced, but the recovery of a person is not nearly as certain. This all makes it especially important that you have the relevant protection policies in place to help ensure that your business can survive the loss of an individual, including yourself.
Ask yourself these questions:
- Does my business rely heavily on key individuals?
- Could my business survive without those individuals?
- What if a director/partner were to die or be diagnosed with a critical illness?
- How would I retain control of the business?
- Do I have a written agreement in place as to what would happen?
If a key person were to die or was diagnosed with a critical illness:
- How would your staff feel?
- How would your customers feel?
- How would your bank manager feel?
- How would your competitors react?
- How would your debtors react?
- How would your creditors react?
These people might then have some important questions to ask you, such as:
- How much money would you need to keep the business going?
- Where would this money come from?
Cottons Corporate Advisers will help you to implement a full Business Protection plan for your business, undertake a protection tax review, facilitate a referral to arrange a Company Will, undertake checks with your accountant and HMRC to ensure correct accounting for cover and review arrangements regularly to keep pace with your business.
Please note that where a referral to an alternative service is necessary, they will be separate and distinct to those offered by St. James’s Place. Wills and trusts are not regulated by the Financial Conduct Authority.
Need Business Protection?