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 Frequently Asked Questions

How do you charge for your services?

Our charging structure is outlined in our Client Agreement. Whether you buy a product or not, you will pay us a fee for our advice and services (an initial consultation is available at our cost), which will become payable on completion of our work. Fees may be deducted from investments, and commission may be paid by providers for non investment business.

Where can meetings be held?

Meetings can be held in any of our offices (Weybridge, Uxbridge, Bracknell or Sunninghill), at a client’s home or a clients business premises.

What are your main areas where you provide advice?

We take a holistic approach to financial planning which means that we provide independent financial planning advice across the board.  A full list of our services can be found here.

Where do I go for tax advice?

Tax advice is often a crucial part of financial planning and all of our advisers can offer this advice.  Also, as part of the Ward Williams Group, we have access to additional personal and corporate tax experts who can assist in all aspects of tax planning.

Can you just write a Will for me?

Yes.  Whilst we like to address all aspects of financial planning, we are happy just to take Will instructions.

How does tax relief on pensions work?

The government wants people to save for their retirement. But it realises that people might not want to commit to saving in a pension that can not be touched for some years. So to encourage people to save, it gives tax relief on your pension contributions.

As an example, if you invest £80 a month, the taxman currently adds £20 - making £100 in total. This happens automatically.

If you're a higher or additional rate taxpayer, you may qualify for extra tax relief. If this is the case one the first 20% tax relief is claimed for you and added it to your plan. You will need to claim the additional tax relief through your tax return.

Tax relief may change. Its value depends on your individual circumstances. The information provided here is based on our understanding of current law and HM Revenue & Customs practice.

Why is it important that I save towards my retirement? Do I need my own pension?

You need your own pension because the state allowances paid by the government are not that generous.

If you qualified for the full new basic state pension for single people (like most people who work full time from their late 20s)*, you would get £155.65 a week in 2016/2017, which works out at just over £8,090 a year.

You may also be entitled to an additional State Pension, which depends on your income. Pension Credit may also be available. The rules for these are complex - you can find out more at Directgov.
Compare this to your current income now and what you would like it to be in the future. Having your own pension can help cover the shortfall. We can help you set up a level of contributions to your pension plan adapted to the level of pension you are aiming for when you retire.

* Source is Directgov - you need 35 years to qualify.

How much can I pay into a stocks and shares NISA during this tax year?
The maximum amount you can pay in during the 2016/2017 tax year is £15,240. This limit is reduced for any amount paid into a cash NISA in the same year. You can use the full limit for either cash, investments or a mix of both. These limits may change for future tax years.

Is my money tied up in an NISA for a fixed period?
No. There is no fixed time limit for the stocks and shares NISA. You should view your NISA as a medium to long-term investment, which means it should usually be held for at least five years.

How do I find out which type of Life Assurance that is right for me?
There are many different types of Life Assurance available and the right one for you will depend on why you want or need the cover, and what you can afford.  We would recommend that you meet with one of our advisers who can fully assess your position and give detailed advice as to what you should do.

How do I find a quote for Life Assurance?
There are many comparison websites where you can get quotes for different types of life assurance.  Some of these only seek quotes from those who sponsor the sites so are not always looking at the cheapest options.  Also, you might find the cheapest quote but the product that you are researching may not be the right one for you. We recommend that you meet with one of our advisers who can fully assess your position and give detailed advice as to what you should do.  We are IFA which means we research the whole of the market to ensure you get the right solution at the best price.

 Calculators

Ward Williams has a number of financial calculators which may be of interest to you.