Support through life
At Bellamy Wealth Management we focus on life stages and objectives, rather than particular products. Thanks to our versatile team, we can offer advice and support for every stage of your journey through your financial life.
First steps
With independence and the first pay cheque comes responsibility. From buying a first home to planning ahead, there is a lot to think about.
Things to consider:
- Saving up a deposit for a property with a traditional mortgage or perhaps an intergenerational mortgage
- Putting some security in place to protect an income or a mortgage
- The long-term future, including planning a pension or writing a Will
The property on which a mortgage is secured may be repossessed if mortgage payments are not maintained.
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.
Will writing involves the referral to a service that is separate and distinct to those offered by St. James's Place. Wills are not regulated by the Financial Conduct Authority.
Family life
There's more and more to bear in mind. You may well be supporting children through education, or supporting your parents in care.
Things to consider:
- Protecting you, your income and your family providing peace of mind for your loved ones
- Investments for your children's future, with a Junior ISA perhaps
- How to help your children through school and university by investing for education fees
- Taking out a new mortgage to move to a larger home
- What to do with an inheritance
- Your long-term future, writing a Will* or thinking about retirement
- Helping elderly parents with care fees or later life planning
Your home may be repossessed if you do not keep up repayments on your mortgage.
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 relief is generally dependent on individual circumstances.
Will writing involves the referral to a service that is separate and distinct to those offered by St. James's Place. Wills are not regulated by the Financial Conduct Authority.
Pre-retirement
You may be supporting children or perhaps parents too, but hopefully you will be in a good position to consolidate your wealth.
Things to consider:
- Planning for retirement, which should now be a priority
- What to do with extra cash if you are mortgage free and how to mitigate you tax liabilities as efficiently as possible
- Helping your children with a deposit for a house, or an intergenerational mortgage
- Your first grandchildren and how to help them in the future with school fees
- Setting up long-term financial plans such as grandchildren's pensions whilst a child's pension can only be set up by a parent or legal guardian anyone can contribute.
The property on which a mortgage is secured may be repossessed if mortgage payments are not maintained.
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 relief is dependent on individual circumstances.
In-retirement
You'll want to explore your options to make sure your retirement is as enjoyable as possible.
Things to consider:
- How to make sure your income and capital can sustain you through the years ahead
- taking pension benefits to suit you, your partner and your wider family
- Making gifts to children or grandchildren or setting up savings plans like Junior ISAs whilst JISA can only be set up by a parent or legal guardian anyone can contribute.
- Trust planning to help with things like Inheritance Tax or school fees
- Writing a Will or setting up Power of Attorney
- Consolidating your finances to make things simpler
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 relief is generally dependent on individual circumstances.
Will writing and advice in relation to Powers of Attorney involves the referral to a service that is separate and distinct to those offered by St. James's Place and along with trusts are not regulated by the Financial Conduct Authority.
Later life
As your retirement continues, you'll want to make sure you remain comfortable and don't outlive your savings.
Things to consider:
- Downsizing or using equity release** to fund retirement
- Funding the cost of care
- Inheritance Tax planning
- Keeping your Will up to date and setting up Power of Attorney*
- Making sure your estate and financial affairs are in order
- Charitable giving - we can help create a charitable legacy through Charitable Aid Foundation (CAF)
- Estate planning service
*Will writing and advice in relation to Powers of Attorney involves the referral to a service that is separate and distinct to those offered by St. James's Place and are not regulated by the Financial Conduct Authority.
**This is a lifetime mortgage or home reversion plan. To understand the features and risks associated with such products, please ask for a personalised illustration.
Got a question?
Do get in touch with us if you need a bit more information about these services, or any of our other financial planning advice.
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