ABOUT US

Many financial advisers use tax planning as a subject matter to attract new clients. However, it is very apparent that the current government dislikes those who plan their financial affairs to legitimately avoid tax and the previous Chancellor of the Exchequer has changed much of the tax system to ensure he succeeds in increasing his share of your assets.

Fogwill & Jones are not Financial Advisors, we are Portfolio Managers with a separate tax planning arm, and for some years have been ahead of the Chancellor, as have some of the Private Banks who have embarked on a similar path which they have named Wealth Management. This service not only includes Tax Planning and Investment Management, but also Tax Accountancy, Wills and Probate. If you look at these areas in isolation, accountants and solicitor’s don’t usually worry or ask about how well your investments are doing and many financial advisers may try to sell you expensive insurance products that ‘plan for the payment of’ Inheritance Tax. Simply re-arranging your estates in the most tax efficient way can make substantial savings in Inheritance Tax.

BENEFITS

Looked at integrally you can see the clear benefits, for example:

• Ease of management, which in itself will eliminate unnecessary charges

• Solutions to problems based around Inland Revenue maxima rather than an expensive insurance product.

• Simplified annual administration and updates e.g. changes in legislation.

• Having to deal with one practice rather than three (financial advisers, accountants and solicitors).

• Transparency – a practice that can be seen to give its clients value for money.

Evidence that our process works can be given in an example format:

 For example, representatives of insurance companies and banks tend to sell their clients investment bonds for lump sum investments, often citing tax planning as an advantage of a bond. Take Invesco Perpetual’s Income fund – held in an insurance bond (according to June 2010’s Money Management Magazine) £10,000 over five years is now £12,000 whereas held as an Open Ended Investment Company (OEIC) the same £10,000 would be £13,410 - great tax planning!

(On the subject of Investment Bonds or Insurance Funds, we also offer a With Profits review service).

OUR APPROACH

We also firmly believe that the passive approach that many advisers and fund management companies take, over the medium to long term, do not produce as high a return as a top tier actively managed fund. We do not take the same long term view as these people, our approach is very different. Our process is broken down into shorter term horizons which when put together provide a more flexible and adaptable approach to fund management. Our Services page will give a more detailed synopsis.

Additional, our understanding of Tax Law enables us to avoid the Capital Taxes associated with your invested estates by means such as legitimate Inheritance Tax avoidance schemes. This, along with our efficient Probate Administration Department, ensure a smooth transition of one’s estate to one’s beneficiaries.

To find out more about how our integrated approach operates contact us by telephone on 0114 2588899 or Email at This e-mail address is being protected from spambots, you need JavaScript enabled to view it

Yours sincerely

Colin Fogwill IMC