Wealth Management

When you’ve worked hard and invested carefully to build your wealth, you want to look after it. That’s why it’s important to understand your genuine feelings about wealth preservation and risk from the outset. At Allied Financial we will always be very straight with you about what is, and is not, realistic in terms of managing your money.
Investing isn’t for everyone as some people don’t like the uncertainty or potential losses that stock market fluctuations can bring, and instead choose to deal with their bank manager about savings accounts, which is perfectly fine. If, however, you are taking a longer-term view, we can look carefully at what you want your money to do for you and invest it in such a way that mitigates the impact of challenges such as inflation, market risk, tax demands, unexpected emergencies and care requirements. With the confidence that comes from having your money invested strategically to preserve your wealth, you and your family can focus on achieving your life goals and dreams.

Estate Planning and Wealth Preservation

When managing their wealth, individuals and families usually have two main objectives – to have sufficient funds to support their lifestyle, and to ensure that their estate is distributed according to their wishes thereafter.
If you are planning on leaving assets to your family or others on death or wish to gift assets during your lifetime, there is a real risk that the value of these assets will be significantly reduced by Capital Acquisition Tax (CAT), in the form of inheritance or gift tax.

Capital Acquisitions Tax (CAT)

rates have increased significantly in the past few years, whilst the tax free thresholds have reduced dramatically. Consequently, it is more important than ever to plan ahead, achieve available exemptions where possible and to devise durable structures to benefit you, your family and the next generation.

Does insurance have a role to play in preserving wealth?

Insurance is a vital element of any wealth preservation strategy. It can provide protection against threats that can potentially undermine family wealth, from death and major illness to serious property damage or liability for an accident.

It is also important to make sure valuable assets – from fine art to classic cars – are properly insured against damage, theft or loss.

Ensuring that your protection policies are up-to-date and best suited for your current circumstances will contribute significantly to wealth preservation and peace of mind.

Keen to preserve your wealth? Consider this.

Is inflation a threat to your wealth?

While investments may be seen as more risky than safe-haven bank accounts, the hard reality is that inflation robs savers of a big chunk of their wealth in real terms. If you’re looking to safeguard your wealth, Allied Financial can help figure out the right approach for you.

Succession Planning:

  • Wills
  • Enduring Power of Attorney
  • Trusts Insurance (towards Capital Acquisition Tax)
  • Tax Relief’s

Structures for Incapacitated Individuals Annual Gift Exemption

What impact does tax have on wealth preservation?

Tax Considerations:

  • Retirement Relief
  • Business Asset Relief
  • Agricultural Relief
  • Dwelling House Exemption
  • With proper planning, a tax liability can be mitigated or removed completely.
  • Family Partnerships – structured approach to asset management and protection
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Ready to have a conversation?

If you’d like to have an informal, no obligation, conversation about how we can help you Start Saving today, please get in touch.

How to start investing?

Should you be doing more with your money? Our FREE guides you through your investment options and shows you how to avoid the investing pitfalls that could derail your finances.