Please click the link below for our latest monthly figures for the five model portfolios. The figures show the performance of our model portfolios versus various indices over the month of January.
January 2021 Panel Performance Figures
Click here for further information on the investment management service we offer, or contact one of our consultants.
We are pleased to announce that Jacob H Schmidt PhD, has been appointed Assistant Professor in Finance (from Senior Lecturer in Finance) at Regent’s University London, a private university where he has been teaching and researching Finance and Economics since 2002.
Dr Schmidt, who is our Chief Investment Analyst and leads our team of five investment analysts, is a published academic and investment professional with over 30 years of experience in financial markets. His most recent research has focused on sustainability in financial markets, wealth tech and women in fund management. His research is both quantitative and qualitative in nature.
At NLP Financial Management he runs the fund selection, credit and counterparty risk analysis and due diligence on platforms. Jacob sits on our investment committee and continues to play a crucial role in ensuring our client care and service levels have remained consistently high during the challenges of the past 12 months.
Despite the ongoing Covid pandemic, Professional Adviser (an information service for UK-based regulated financial advisers) has continued to celebrate the successes and achievements of financial adviser firms by moving their annual awards for 2021 online and we have just been announced as a finalist for the Adviser Firm of the Year in London, for the 8th year in a row!
In a list of only eight finalists for London Financial firms, we are consistently proud of this achievement especially as there are now 968* financial services organisations listed with headquarters in London*. We are also aware that no other London firm has been recognised this consistently over a similar period of time.
This announcement highlights our determination to ensure the pandemic did not adversely impact our clients in terms of our customer care, service and desire to be a safe pair of hands for our clients throughout all stages of their financial journey.
With these awards now in their 16th year, more than 200 advisers, firms and providers were taken into consideration during the 2021 selection process. We will discover in March, during an online awards event, whether we have won, however we are intensely proud of our team for this ongoing accolade and recognition, underpinning our perpetual drive to remain a leading firm of financial planners.
*https://www.crunchbase.com/hub/london-finance-companies#section-overview
Please click the link below for our latest monthly figures for the five model portfolios. The figures show the performance of our model portfolios versus various indices over the month of December.
December 2020 Panel Performance Figures
Click here for further information on the investment management service we offer, or contact one of our consultants.
Whilst we were still wishing friends and colleagues Happy New Year, last Monday England once again plunged into another lockdown. Although for many of us, it didn’t come as a huge surprise, at least this time round there is some light at the end of the tunnel with the acceleration of the vaccination programme rolling out across the UK.
For us, at NLP Financial Management, it really is still business as usual – or at least the usual we are now accustomed to. We learnt many lessons last year during the first lockdown period and so we can absolutely reassure you that we are still pro-actively working and still at the other end of a telephone or email to answer any questions you may have.
Our teams are now primarily working from home although an office presence is being maintained to deal with the post. In addition, our investment committee is still meeting regularly online to ensure we provide as comprehensive a service as we did before the pandemic existed.
We are hopeful, as are the rest of the nation, that this lockdown will be short and sharp and we can return to a degree of normality as we head towards Spring. Please rest assured that we are here Monday to Friday during normal opening hours and hopefully we will see some of you face to face in the not too distant future.
Please click the link below for our latest monthly figures for the five model portfolios. The figures show the performance of our model portfolios versus various indices over the month of December.
November 2020 Panel Performance Figures
Click here for further information on the investment management service we offer, or contact one of our consultants.
We have recently been advised that for the third year in a row, NLP Financial Management has been shortlisted as one of Professional Adviser’s “Best Financial Advisers to Work For”.
To remain on this list for three consecutive years, especially during the tumultuous year that we have all experienced, demonstrates our dedication to our team and the support we have shown them during 2020. This award is submitted through all staff completing a survey, which in turn underlines the fact that our people are consistently happy to work here, developing their chosen careers in an environment that allows them to thrive.
We will discover in early 2021 whether we have been announced as the winners, which sadly is unlikely to be in person due to the current restrictions. Regardless of the final result, we are delighted to have sustained our shortlist position and are exceptionally proud of our team, who have really pulled together this year living and breathing our company ethos. As we move forward into 2021, we will continue our commitment to being an employer of choice that attracts, retains and nurtures exceptional talent within the financial services industry.
There are a number of tax wrappers available when building an investment portfolio, and this article explores what offshore bonds are, their tax treatment and how they can be effectively used in certain circumstances to invest tax-efficiently.
The advantages can be summarized as follows:
Managing Investment without Tax
An offshore bond is an investment wrapper offered by a life insurance company, held in a jurisdiction with a favourable tax regime, like the Isle of Man. The funds grow in a virtually tax-free environment, in what is referred to as “gross roll-up”. The gain on the bond is ultimately subject to income tax when a “chargeable event” occurs but in the meantime, you can buy and sell funds within the bond without paying tax.
Annual Tax Deferred Income
Investors can withdraw up to 5% of their original investment each year for 20 years, without incurring tax and unused allowances can be carried forward. For example, someone investing £200,000 into an offshore bond could withdraw £10,000 per annum without any immediate tax liability.
Chargeable events include surrendering the bond, withdrawals in excess of the 5% tax-deferred allowance or the death of the life assured. When such an event occurs, a calculation takes place to assess the tax liability and the gain is subject to income tax at one’s marginal rate.
Bonds are split into “segments”, and withdrawals can be taken by either encashing whole segments or across the whole policy, providing further flexibility depending on one’s circumstances.
Going Abroad
Offshore bonds can be effectively used when an individual retires abroad. For example, someone who emigrates from the UK can potentially encash the offshore bond and avoid tax altogether!
IHT and Other Tax Planning
Parents may use offshore bonds to save for children, as they retain control of the investments until they feel it appropriate to gift them where importantly such gifts do NOT give rise to income tax. Therefore, the option to gift part or all of a policy to a lower rate taxpayer can reduce tax on gains. They can also be used effectively through the tax deferred withdrawals to fund school fees.
Investment Management
Many providers offer access to a wide range of investments within offshore bonds, including Discretionary Fund Managers, enabling diversified portfolios to be implemented to suit different risk profiles and objectives. Bonds can sit alongside ISAs and Unit Trust portfolios as part of a broad investment strategy. With a Unit Trust portfolio, gains above one’s annual exemption of £12,300 are subject to Capital Gains Tax, and whilst CGT rates have historically been lower than income tax, this may change in the next Budget, making offshore bonds an attractive alternative in certain cases.
In summary, offshore bonds provide tax-efficiency, access to the funds, broad investment opportunities and flexibility. However, they can be complex and are not suitable for all investors, so it is essential to seek financial advice.
Elliot Gothold is a Chartered Financial Planner with NLP Financial Management Limited and can be contacted on 020 7472 5555 or at [email protected].
Please click the link below for our latest monthly figures for the five model portfolios. The figures show the performance of our model portfolios versus various indices over the month of October.
October 2020 Panel Performance Figures
Click here for further information on the investment management service we offer, or contact one of our consultants.
NLP Financial Management Limited is authorised and regulated by the Financial Conduct Authority – FCA Number 221468. Registered office – Charles House, 108 – 110 Finchley Road, London, NW3 5JJ
Company Registered in England and Wales – Company Registration No. 04339336
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