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7 Turbetts Close, Poole, Dorset, BH16 6HF

01202 282056
nick@fivefinancial.co.uk

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Independent Financial Advice, helping you in retirement.

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of Pension Consolidation, Diversification, Portfolio Management and Investing.


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£1,073,100

Lifetime Allowance

(Abolished from April 2024)

9.5%

Average annual pension fund returns in UK (source: Moneyfacts)

20%

Relief-at-source

(25% TFC Capped at £268,275)

Our services

Pension Planning

Pension Consolidation

Cash Flow Analysis

Independent Financial Advice

Annuities

Investing & IHT Planning

Independent Financial Advice

We are independent. This provides you with confidence so you can trust the products and services recommended by us are in your best interests.


We take time to fully understand your specific needs and goals. We value client relationships and want to ensure we build on that to work with you for the longer term.


Whatever stage you are at in life sound financial advice can help you to keep looking ahead.


For a no obligation meeting or our free guide, contact us today.


Independent Advice can save you money

Not all pension requirements are the same. If you currently receive restricted advice and would  like to explore other options available to you, contact us today for a free independent review.

How are the benefits and costs of Financial Planning calculated?

Financial planning can be measured in a variety of different ways. Traditionally, research has leant towards measuring financial success in terms of how advisers could add value around an investment portfolio.


However, in recent years, it has been recognised that financial planning can have an impact in a wide range of areas, from income planning, estate planning, tax planning and protection. Increasingly, clients have also placed importance on saving their own valuable time by handing over their financial planning to an adviser. Successful DIY investing requires extensive research and is ultimately time-consuming!


It is also important to recognise that successful financial planning is not just about investment strategy but also the delivering of the proposed investment and measuring its medium and long-term success.


Over the past few years, there have been three popular, independent studies estimating the economic benefits of financial advice – Morningstar Gamma, Vanguard Adviser Alpha and Envestnet Capital Sigma.


All three studies have used slightly different measurements to evaluate the economic benefits of financial advice – from lower cost investment selection, portfolio re-balancing, to maximising tax efficiencies. 


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Helping you to lower fees

Fees can have a significant impact on your pension or investment over the long term. Investment fees, such as that for management and administration, reduce the total amount of assets in the fund. This  can lead to a lower fund value and less income during retirement.


Management fees vary, with some companies they can be as high as 4 -5%. This will have a significant affect on your fund value and income decreasing
the amount of money available in the long run.


We will help where possible to lower ongoing fees and clearly outline costs and fees at the outset.

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Lifetime Allowance

  • Your lifetime allowance (LTA) is the maximum amount you can draw from pensions (workplace or personal) in your lifetime without paying extra tax.


The lifetime allowance for most people is £1,073,100 in the tax year 2022/23 and has now been abolished from April 2024.


However there will be a cap of tax free cash at 25% of savings subject to a maximum of £268,275.


The allowance applies to the total of all the pensions you have, including the value of pensions you have through:


  • any defined benefit (final salary or career average) schemes you belong to
  • any savings you have in defined contribution pensions, but excludes your State Pension;
  • but excluding your State Pension.


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Time Horizon

Time horizon is the length of time you as an investor is willing or able to wait to gain a return on their investment.


It is the length of time a particular investment goal is expected to take. The time horizon can be long-term, such as investing for retirement, or it can be short-term, such as investing for an immediate return.


As with all investing you will need to allow time for your investment to grow.


To discuss your options contact us today.



Book a Free Review

Nicholas Jowett 

CeMAP CeRER DipFA MiLibf


E: nick@fivefinancial.co.uk

T: 01202 282056

M: 07976 314664

Meet your adviser

We understand that your finances are as individual as you are. We can help you achieve your financial goals and build a strong financial future.


Any investment is an important decision for your family, your business or for you as an individual.


The most important part of the relationship we have with our clients is communication and we are here to guide you through every step.


Our experienced team is focused and dedicated to supporting you in making better financial decisions, and ensuring you obtain the best advice. 


What people say about us?

Don't just take it from us

Mr and Mrs Jones

“Excellent professional service " 

Mr Fountain

“Starting out with limited knowledge Nick walked me through the process being patient and explaining any questions I have had. Nick has now completed on 2 mortgages for me with 2 more in the pipeline. Nick has an in depth knowledge allowing to plan and grow my portfolio quicker."

Mr Cox

“Explained options, tireless assistance on gaining funding”

FAQ

  • Is the first meeting you're offering really free?

    Yes, it is. We offer an hour of free consultation. This will help both of us understand what your goals are and where you are currently in terms of investing.

    We'll also send you our initial dislosure outlining our fees and cost for any work prior to commencement.

  • How does independent advice differ from restricted advice?

    If your adviser is restricted it means they can only place  your funds into portfolios 

    in the platform or solution they offer.  With independent advice you will have access to household names, life office solutions, bespoke and tax mitgation solutions. These are tailored to your specific needs ensuring fees are appropriate. 

  • I dont need regular updates or a platform solution?


    You can opt for a simpler pension or solution which could save thousands on fees over the lifetime of your investment. 

    If you are happy to receive quarterly and annual statements rather than use of an app, then you could save on fees. Some platform providers charge upto 0.5% for the use of a platform and technology.

  • Why should I choose Five Financial Wealth?

    Your finances are as individual as you are and we put clients at the forefront of what we do. We are Independent and offer unbiased advice, explaining our services, clearly outling our fees. We will want to work with you and your family for the long term and we are always here to offer advice and guidence. 

Recent news & trends

Latest updates from the industry

Lifetime Allowance abolished

By Nicholas Jowett • 16 Mar, 2023
lifetime allowance abolished

Diversification?

By Nicholas Jowett • 24 Jul, 2022
When it comes to investing using a Financial Adviser can help you maximise your returns and take the correct amount of risk. Here are the top 5 reasons you should Diversify your investments. #1 Reduces the impact of market volatility A diversified portfolio minimises the overall risk associated with the portfolio. Since investment is made across different asset classes and sectors, the overall impact of market volatility comes down. Owning investments across different funds ensures that industry-specific and enterprise-specific risks are low. Thus, it reduces risks and generates higher returns in the long run. #2 Reduces the time spent in monitoring the portfolio A diversified portfolio is more stable because not all investments will perform badly at the same time. If you have invested only in equity shares, you will be spending a lot of time studying the market movement and analyzing your next step. Similarly, if you have invested solely into low-risk mutual funds, your all-time worry will be to find avenues to increase returns. With diversification, you will have to spend lesser time on the same and the portfolio will not require a lot of maintenance. #3 Helps seek advantage of different investment instruments By selecting different funds in different geographical locations, investors gain the benefit of not having all your eggs in one basket. By investing in fixed deposits, investors benefit from a fixed return and a low risk. Hence, diversification of the portfolio will balance the risk and return associated with different funds. Even if one fund does not perform well, the loss may be compensated by the profits made from other funds. #4 Helps achieve long-term investment plans It is important for the investor to invest indifferent high-performing sectors. If the market volatility has a positive impact on stocks, the investor will be able to generate higher returns on them. #5 Helps keep the capital safe Not every investor is ready to play a risky game. Investors who are on the verge of retirement or have just started investing prefer stability in their portfolio and diversification ensures the protection of their savings. Diversification allows investors to achieve their goals while maintaining the investment risk at a minimum. It is also a method of playing safe in the volatile market.
Lifetime Allowance

Lifetime Allowance?

By Nicholas Jowett • 29 Jun, 2022
Lifetime Allowance when does it apply, how much is it?
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