Wealth management

Churchill Knight Umbrella employees can contribute towards a personal pension pot with salary sacrifice. If you’re interested in boosting your personal pension pot in a tax-efficient way – salary sacrifice may be the perfect option for you. You can pay more into your personal pension pot each payment frequency by option to receive less of your salary. And, contributions are not subject to tax or National Insurance. Whether you have an existing personal pension in place or you’re interested in discussing your options with an expert, you could instantly start benefitting.

Contractors, freelancers and temporary workers often have a more challenging time sourcing finance from lenders. For example, when the time comes, obtaining a mortgage or a bank loan can prove troublesome. However, by requesting a free consultation with a Financial Adviser, they will be able to make trustworthy recommendations that can help you obtain finance – with the best terms and conditions (including interest rates) available.

There are plenty of benefits available when making personal pension contributions, but are you aware of them and how you could benefit? The UK government gives tax relief on your pension contributions up to £60,000 per year (Annual Allowance), but did you know you can carry forward any unused allowances from previous years and still benefit from tax relief? Also, you could take advantage of tax-efficient growth on your investments.

Enterprise Investment Schemes (EIS) is a government scheme designed to encourage investment into start-up businesses. Ran by fund managers, Venture Capital Trusts (VCT) are companies with shares on the stock exchanges. EIS and VCT may be of interest to you because newly issued shares receive income tax relief of 30%, and growth on investments are tax-free (no Capital Gains). It’s also worth noting that EIS can be carried back to previous tax years.