McKenzie & Co. Financial Consultants

As a business owner, you know how to write a plan. 👌

A Business Plan, to get started. 💡

Operational Plans

Marketing Plans

Contingency Plans

Growth Plans –

But what about your Exit Plan? 🧠

The goal of building a business for many people is the ability to sell it and retire on the proceeds. 🏝

Selling your business is a major milestone, so it’s crucial to have a tax-efficient plan for the proceeds.

Early engagement with a financial adviser can help solidify your post-exit goals, manage Capital Gains Tax, and take advantage of reliefs like Business Asset Disposal Relief. 🚪

📈Read our latest Insights on how detailed cash-flow modelling and investment planning will help ensure your future goals are met while considering lifestyle changes and potential Inheritance Tax.

Financial planning for your post-exit assets Selling your business will hopefully bring you a satisfying sum of money. But without a solid plan for how to use sale proceeds, that new asset can quickly become a headache.

In the past three years, 8% of workers had two months or more off work due to physical illness/injury, and 6% had more than eight weeks off due to a mental-health event.

"Why do I need income protection if I have sick pay?".is a common question we get as financial advisors.

With Statutory Sick Pay (SSP) at just £116.75 per week, most of us would struggle to live on £467 a month if we were out of work for a length of time.

Our latest insights focuses on Income Protection and why this could be right for you.

A financial adviser can talk you through the differences between policies so you can protect the financial wellbeing of the whole family.

Why income protection is more than just a safety net Income protection insurance pays a regular monthly amount if you can’t work because you’re unwell, or suffer an injury that results in a loss of earnings. Knowing that, if you suddenly couldn’t work, the mortgage and bills would still be paid, can take a real weight off your shoulders, and mea...

Attention Small Business Owners! 💼

Is your pension scheme doing enough to secure your employees' futures? Want to offer a more attractive benefit package for better employee recruitment/retention?

Learn why the minimum 8% [5% employer + 3% employee] contribution may not be sufficient for a comfortable retirement and how you can empower your team with better strategies for their future.

An employer’s guide to workplace pensions: how to review and optimise your scheme Too many small and medium-sized enterprises (SMEs) fail to maximise the benefits of pension provision for recruitment and retention, says new research.

Are you a director or executive looking to optimize your pension strategy for 2024/2025? 💼💰 Don't miss out on these five crucial considerations outlined in our latest insights:

1️⃣ Pension allowances: With changes like the abolition of the lifetime allowance, understanding tax implications is key.
2️⃣ Annual allowance & tapered annual allowance: Learn how income levels affect your contribution benefits.
3️⃣ Bonuses and shares: Explore tax-efficient options for different forms of compensation.
4️⃣ ISAs: Discover the flexibility they offer alongside pensions for your retirement savings.
5️⃣ Accessing funds in retirement: Plan ahead to make ensure withdrawal is efficient and accessible.

Expert financial advice can help you navigate these complexities. 💡💼

Five pension considerations for directors and executives There are still restrictions to be aware of, however. The tapered annual allowance will impact those earning more than £200,000. Plus, you may be liable for Capital Gains Tax on earnings from benefits such as shares. An adviser can help you navigate these complex rules.

Last month our Director, Ed McKenzie took on a brutal self-inflicted challenge in the name of charity - "The Great Sled Drag". Out the back of his long-time gym Get Fit in Bath, he attempted to drag a sled with his own body weight of 90KG backwards and forwards on a small astro track of 32m.

The Challenge began as a target distance of a half marathon distance (21,098m), however with the constant start/stop of turning around and losing momentum, he reset his target on the day and was able to smash out 15km in under 10 hours! With his family, friends, and colleagues popping in throughout the day to keep his spirits up [and feed him snacks] he has been able to raise nearly £1900 for Off The Record BANES, a mental health and wellbeing charity supporting young people local to Bath.

This is not Ed's first physical challenge; he has taken on Hyrox competitions solo and paired with his PT Laura Androsoni, head coach at . Laura is also a client of McKenzie & Co.

Ed’s fundraising page is still open should you be able to donate any amount: https://www.justgiving.com/page/ed-mckenzie-1705326069700

🌟 Secure your family's financial future with smart investments!

💰 From Junior ISAs to children's pensions, there are plenty of ways to start saving for your little ones early on. Professional advice can help you make informed decisions that benefit both your children and your own financial wellbeing. Let's chat about securing a bright future for your family today!

🚀

How can I invest for my family’s future? They’re our greatest pleasure, and our top priority, but bringing up children is a costly business. Steep price rises this year have seen the cost of raising a child from birth to 18 rise 10% to £223,256.1

You may have seen our advert on TV this week, which shows an emotional storyline of a father raising his daughter through various stages of life with the support of our one-to-one advice. We've shared the video in full below, along with an explanation of the characters.

There’s advice that can change your day. Then there’s advice that can change your life. And the lives of those you love. The kind of advice that only ever comes from people who have your best interests at heart. That's invaluable advice.

Have you seen SJP’s Invaluable Advice advert? Learn more about the advertising campaign, watch the longer version of our tv ad and get to know the characters.

It's been 5 days since the Spring Budget was announced.

To the relief of many observers, the Chancellor unveiled a more optimistic fiscal landscape than anticipated, with lower inflation, more vigorous growth, and a forecasted decrease in debt relative to GDP.

So, what does the budget mean for you?

Navigating the Spring Budget: Opportunities for Tax Efficiency and Financial Planning Navigating the Spring Budget: Opportunities for Tax Efficiency and Financial Planning

This Saturday, one of our Senior Advisors Steven Andrews will be walking 8 miles in the 2024 Men's Walk for Dorothy House Hospice. This wonderful charity provides palliative and end of life care to adults 18+ and support for their family/carers in our local Bath community.

If Dorothy House has touched your life in anyway and you would like to donate to Steve and his Lion Tamer's team, please scan the QR code below.

McKenzie and Co will be speaking at the Bath Landlord Conference on the 27th of March, hosted by Reside Bath at the Francis Hotel.

This exclusive event promises to be an invaluable resource for local landlords looking to navigate the complexities of the rental market, enhance their investment returns, and ensure full compliance with the latest regulations.

Oli Stavrakakis and Director Jonathan Atkinson will cover topics such as how to make the most of your income, be more tax efficient, as well as advice for those landlords considering selling their properties.

Early Bird tickets available for 50% off until end of February!

Book Now: https://www.eventbrite.co.uk/e/bath-landlord-conference-tickets-818327879717?aff=McKenzieCoPromotion

Oli has worked as a Financial Consultant since 2017 and absolutely loves his job.

Really getting to know his clients, what their underlying motivations are, as well as their future goals is a central focus for Oli.

He then helps his clients develop a strategy to achieve these goals, through robust financial planning, regular reviews and a long-term relationship built on trust and transparency.

Before his career in Financial Services, he worked in the wine industry, helping clients choose the perfect bottle.

McKenzie & Co. Financial Consultants is an Appointed Representative of and represents only St. James’s Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority).
McKenzie & Co. Financial Consultants is a trading name of McKenzie Wealth Management Ltd.

SJP Approved 19/06/2023

We work with people striving to ensure their financial wellbeing –whether they are successful professionals, business owners, the high-performing or just positively-minded.

We like to think of our financial advice as having a coach in your corner, standing by with friendly guidance (and the occasional bit of tough love) to make sure you stay on track and hit your targets.
But we also regularly work alongside other professionals within our clients’ network, including accountants and solicitors, to ensure a holistic approach to wealth management planning.

If you would like specialist advice on your pension pot or other aspects of your investment portfolio, please get in touch – and speak to one of our financial advisers today.

McKenzie & Co. Financial Consultants is an Appointed Representative of and represents only St. James’s Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority).
McKenzie & Co. Financial Consultants is a trading name of McKenzie Wealth Management Ltd.

SJP Approved 30/06/2023

After co-founding and running a successful business making luxury furniture from old aircraft parts, Harry is now using his entrepreneurial experiences to help clients achieve their financial goals and aspirations through detailed planning, accurate measurement incisive ex*****on.

His role is to understand where his clients want to be financially, so he can build a bespoke, robust plan for them and work with them to deliver it.

McKenzie & Co. Financial Consultants is an Appointed Representative of and represents only St. James’s Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority).
McKenzie & Co. Financial Consultants is a trading name of McKenzie Wealth Management Ltd.

SJP Approved 19/06/2023

Over time your personal or financial circumstances will change, and therefore so will your plans for the future.

You may want to put a deposit down on a house, plan a wedding, take the family on a BIG holiday.

There may also be changes in tax rules and allowances too.
This is why we work with our clients over the long term, regularly reviewing their plans to ensure they remain suitable, whatever their plans are.

McKenzie & Co. Financial Consultants is an Appointed Representative of and represents only St. James’s Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority).
McKenzie & Co. Financial Consultants is a trading name of McKenzie Wealth Management Ltd.

SJP Approved 30/06/2023

Weightlifter, Ed, enjoys the heavy lifting of client’s financial goal setting.

Ed began his career in financial services in 2013, as direct customer help, supporting a variety of clients with diverse needs.

This experience, coupled with working alongside advisors, fostered an ambition to become a financial advisor, so he could further facilitate people’s financial security and wealth management.

Since joining McKenzie and Co in 2021, he has specialised in goals-based financial planning, a bespoke service that allows him to work with clients to plan for and realise their financial ambitions.

McKenzie & Co. Financial Consultants is an Appointed Representative of and represents only St. James’s Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority).
McKenzie & Co. Financial Consultants is a trading name of McKenzie Wealth Management Ltd.

SJP Approved 19/06/2023

Inspired by the Ashes, this week McKenzie & Co will field our
own team of crickets to take on the might of the St. James’ Place head office in aid of the SJP Charitable Foundation.

Played at Bath Cricket Club, the two teams, including potential
star-studded line-ups will battle it out in T20 fixtures aimed at raising vital funds for the foundation.

With games starting at 11am, three teams will
play a round-robin T20 tournament.

Drinks and refreshments will be available at the
bar all day followed by a BBQ in the evening.

Reserve your spot here: https://bit.ly/3rQzek6

Whatever your plans are, we specialise in finding a wealth management solution to suit you.

We help you to define your financial goals and come up with an action plan to achieve them.

Everybody is different, and your plan will be personal to you, your circumstances and your aims for the future.

How much you need in your retirement largely depends on what you want this time of your life to look like, what your current circumstances are, and what your future liabilities might be.
But whatever you are planning for the future, we can help you to make the most of your pension and other investments, and achieve the retirement you want.

McKenzie & Co. Financial Consultants is an Appointed Representative of and represents only St. James’s Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority).
McKenzie & Co. Financial Consultants is a trading name of McKenzie Wealth Management Ltd.

SJP Approved 30/06/2023

Steven has been involved with Financial Services, in a regulated role, since 1986 when he worked with Sun Life in Bristol.

He then went on to operate as an IFA in Bath for the same company, from 1991, in their Investment Seminar Team.

He joined St. James’s Place back in 2011 and was mainly involved in tax planning and subsequently within banking services and Discretionary Fund Management schemes for Rowan Dartington, a wholly owned subsidiary of St. James’s Place.

Since joining McKenzie and Co, his main focus is the provision of holistic advice for inter-generational planning.

McKenzie & Co. Financial Consultants is an Appointed Representative of and represents only St. James’s Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority).
McKenzie & Co. Financial Consultants is a trading name of McKenzie Wealth Management Ltd.

SJP Approved 19/06/2023

Whatever you are planning for the future, we can help you to make the most of your pension and other investments, in order to make your money work for you and help you achieve the retirement you want.

McKenzie & Co. Financial Consultants is an Appointed Representative of and represents only St. James’s Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority).
McKenzie & Co. Financial Consultants is a trading name of McKenzie Wealth Management Ltd.

SJP Approved 30/06/2023

Jonathan lives in Bath with his wife and two young daughters. After a career in the Armed Forces, participating in exercises and operations all over the world, he moved into the Financial Services industry in 2008 hoping for a quieter yet still professional career.

He joined RBS the same week as the banking crisis started to rock economies all over the western world, an experience he credits for kick-starting his interest in company performance, shareholder value and the knock-on effect to people’s long-term wealth when combined with sound holistic financial planning.

15 years on, the core skills of developing long term relationships with integrity, straight forward communication and commitment to the task are fundamental to his approach.

Jonathan joined McKenzie and Co as he wanted to offer a significantly broader depth of financial consulting alongside his passion for developing client relationships.

McKenzie & Co. Financial Consultants is an Appointed Representative of and represents only St. James’s Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority).
McKenzie & Co. Financial Consultants is a trading name of McKenzie Wealth Management Ltd.

SJP Approved 19/06/2023

Plotting your Investment Time Horizons is a key part of planning for your financial future.

Simply put, your Time Horizon is the period of time you expect to hold an investment until you need your money back.

Time horizons are largely dictated by investment goals and strategies. For example, saving for a car for maybe two years, would be considered a short-term time horizon, while saving for university or a house deposit would be a medium-term time horizon, and investing for retirement, a long-term time horizon.

Of course, time horizons also vary according to the time at which you begin investing, the longer the time horizon, the longer the power of compounding has to work.

Generally speaking, the longer the time horizon, the more risk an investor might consider in their portfolio, and vice versa.

McKenzie & Co. Financial Consultants is an Appointed Representative of and represents only St. James’s Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority).
McKenzie & Co. Financial Consultants is a trading name of McKenzie Wealth Management Ltd.

SJP Approved 30/06/2023

Client Services Director, Nicki, joined McKenzie & Co. in 2019 following more than 30 years’ experience in the financial services sector.

She entered the industry straight from education and worked for Norwich Union/Aviva for over 20 years before becoming a Senior Sales Consultant.

Following a career break to have a family, she returned to work at St James’s Place as a Paraplanner, putting her wealth of knowledge and experience to good use in supporting several partners.

Now a mum of three, Nicki is kept busy, spending her spare time mainly standing on the side of a muddy football pitch trying to keep warm.

McKenzie & Co. Financial Consultants is an Appointed Representative of and represents only St. James’s Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority).
McKenzie & Co. Financial Consultants is a trading name of McKenzie Wealth Management Ltd.

SJP Approved 19/06/2023

Summer may be the season to relax, enjoy some warmer climes, and get away to a sun-kissed resort, but it’s also the second most expensive season after Christmas.

This makes perfect sense if you think about it - after all, the summer activities add up!

Think, new outfits for garden parties, family weddings, graduations, day trips, celebrations, and especially the holidays, and it all has an impact on your wallet.

So while you are taking some time out, it is a good time to reflect on how much of these things you might want later in life.

Planning for the type of lifestyle you want, including how many holidays - and which destinations you would like to visit -is something we talk to clients about constantly.

So if you are enjoying a well-earned break on a far-flung beach or at an exclusive resort - consider how you might want to include this more in your plans for later in life.

McKenzie & Co. Financial Consultants is an Appointed Representative of and represents only St. James’s Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority).
McKenzie & Co. Financial Consultants is a trading name of McKenzie Wealth Management Ltd.

SJP Approved 30/06/2023