Walmsley Financial Planning Ltd

Its a tough job but someone's got to do it!

I was lucky enough to attend a recent St James's Place event at the rather nice Royal Birkdale course ⛳👌

Is it worth getting income protection?

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 mean you don’t need to put your future plans on hold.

Many of the workforce would receive some sick pay benefit from their employer. But for the UK’s self employed workers protecting their family, home and lifestyle if they can’t work could mean dipping into their long-term savings to keep afloat. An income protection plan isn’t just a safety net for the immediate expenses, it also protects your savings and investments.

Taking out income protection insurance might mean you don’t need to put money aside in an emergency cash fund as well – so you could choose to invest that money instead in your pension, or into a Junior ISA for the children.

Visit our website for more information: www.walmsleyfinanacialplanning.co.uk

It's that time of year again, Dave's getting obsessed with his lawn......

This month's Bottle Top Party is on the 12th June. Join us at Relic Plastic for pizza, sorting, and some demos.

Kids always welcome.

Please book your place via the link below so we know how much pizza to order!

https://www.eventbrite.co.uk/e/open-evening-bottle-top-sorting-pizza-party-tickets-919488834857

Massive well done Vicki, good job 👏 👏 if anyone can spare anything to make a donation via Vicki’s just giving page.

Vicki's Giving Page Thanks for visiting my fundraising page. I’m walking 100 miles in May to help raise money for Cancer Research UK. Please show your support and help fund life-saving research by donating to my page.I have had breast surgery just 42 days after my diagnosis. I can't say a big enough thank you.

An exciting opportunity to join expert guest speakers from Connection.

Our digital footprint is extensive from online banking to social media.

Planning your digital legacy allows more control over who has access to your online accounts and assets when you are gone, keeping everything in safe hands

Digital Assets & Legacy Planning Webinar
Wednesday 5 June 2024
Time: 12:30 – 13:30
Location: Zoom Webinar
Speakers: Edward Grant & Hannah Jo Coffey

Tap the link to register NOW!: https://sjp-co-uk.zoom.us/webinar/register/6417085290979/WN_bgo5pWPGQb2J4oIbyWTuug

Walmsley Financial Planning Ltd 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) The `St. James's Place Partnership' and the titles `Partner' and `Partner Practice' are marketing terms used to describe St. James's Place representatives.

A stunning scene captured by Dave last weekend when he visited the lakes with his family.

What will the bank holiday holiday weekend have in store?!... 🤔

The Good Business Charter exists for all UK companies, charities and public sector organisations across all industries and sectors and offers a straightforward accreditation, recognising organisations that prioritise and value their employees, customers, suppliers and the environment, whilst also paying their taxes according to the spirit of the law.

We joined back in 2021 as we're passionate about the GBC principles and wanted to help spread the word!

You can find out more about the Good Business Charter on our website: www.walmsleyfinancialplanning.co.uk

🤝

Penny is settling very nicely into the new office space!....

Business owners often assume that their business will make enough money for a comfortable retirement – but what if things don't go to plan? If you are relying entirely on your company and it fails or doesn't perform as well as you'd hoped, you could be left with very little in later life.

A pension is a useful way to spread your risk away from your business and is an extremely tax-efficient method of extracting capital from it. That's because of the very generous tax relief that companies enjoy on pension contributions.

Tax-efficient extraction

Pensions are not the only way to draw money from your company tax efficiently. It is important to ensure your remuneration structure is tax efficient as this will impact the net income received from your business. Consideration should be given to all of the available allowances and exemptions, such as the personal allowance and dividend allowance.

Visit our website to gain more information: www.walmsleyfinancialplanning.co.uk

Having financial savviness is a key skill to master. Using The Smart Money Quiz, you can test what you know and gain key insights to help fill any gaps.

Many people use guesswork when it comes to their finances but even small mistakes can add up over time. Find out just how up to the par your money smarts are.

Tap on the link to take the quiz NOW!: https://walmsleyfptakethequiz.scoreapp.com/

Thanks for your recommendation Harry and your excellent feedback!

"Pete understands our goals and our ethical principles, and he ensures our investments are best aligned"

We appreciate you taking the time to leave a review, its a pleasure working with you.

Visit our website to get more information on our services: www.walmsleyfinancialplanning.co.uk

The main rate of Employee National Insurance contributions will be reduced by a further 2% in the 2024/25 tax year, in addition to the 2% reduction we saw in January.
The economic outlook is brighter, but it’s still vital to ensure you’re using all the allowances and exemptions you’re entitled to.

Check to see if any recent changes to National Insurance, ISAs, or Capital Gains Tax will affect you.

In a welcome move in his Spring budget, Chancellor Jeremy Hunt cut employee National Insurance Contributions for the second time this year. But with tax thresholds frozen, many people find themselves slipping into a higher tax band – and paying more tax.

With a General Election looking increasingly likely for November, economic performance and the continued cost of living squeeze are likely to be high on the agenda.

All of which means that using all available tax breaks while you have them will help your short and long-term financial security and wellbeing.

What’s changed about Income Tax and National Insurance?

The personal allowance – the amount of income you don’t have to pay tax on – remains at £12,570. The basic rate is still 20%, and the higher-rate threshold, at which you start paying 40%, is £50,270. The additional-rate tax threshold, at which you pay 45%, remains at £125,140. These will be frozen until 2028.

The rates of income tax for Scottish taxpayers are different.

The welcome news for those working is that the main rate of Employee National Insurance contributions (NICs) was reduced by a further 2% in the Spring budget – a ‘permanent change’ according to Jeremy Hunt. Most employees will now pay Class 1 National Insurance at 8% and self-employed earners will pay class 4 contributions of 6%.

Class 2 NICs have been abolished.

What’s changed about Dividend and savings income?

Through the Personal Savings Allowance, basic-rate taxpayers can continue to earn £1,000 interest on savings before paying tax in 2024/25. For higher-rate taxpayers, the allowance remains at £500, and for additional-rate taxpayers, it’s zero.

But there are significant changes to Dividend Tax. The dividend allowance drops by 50% to £500 for the 2024/25 tax year. If you own shares in a company, or receive dividends from funds or investment trusts, this is likely to affect you.

Tax rates on dividends above the allowance 2024/25.

Visit the News section on our website to read the full article: walmsleyfinancialplanning.co.uk

We are looking at recruiting a new member to join the Blend team. If you're interested in the exciting world of Accounting, then take a look at our job posting.
https://uk.indeed.com/cmp/Blend-Accountants-2/jobs?jk=1afc4422ba11cb93&start=0

Hope you all enjoy some downtime over the extended weekend.

Getting on top of Capital Gains Tax

If you sell or dispose of an asset that’s gone up in value, you may pay Capital Gains Tax (CGT) on the profit, or gain.

Up until the end of the 2023/24 tax year, the first £6,000 of your capital gain is tax-free, but you may pay CGT above that threshold.

The CGT exemption is reducing significantly again for the 2024/25 tax year to just £3,000. So it’s worth knowing that, as well as making the most of your tax-free allowance of £6,000 you can also bring your CGT bill down in other ways – such as gifting assets to your partner or increasing your pension contributions.

Visit our website for more details, visit our news section for the full article: www.walmsleyfinancialplanning.co.uk

Ever wondered how Relic transform plastic collected by the local community into long-lasting products?

Join us this Wednesday March 20th for an evening of hands on making - turning bottle tops into something you can take home! We'll be sorting bottle caps for the Plastic Bottle Top Project, playing plastic identification games, and will have pizza and hot drinks available.

This event is FREE but please RSVP by grabbing tickets as space is limited and we need to know how much pizza to order!

This event is FREE thanks to funding from Pots of Possibility and the ClosingLoops project from FoodFutures.

Here's a sneak peek at our new exciting office location!

We cant wait for the big reveal 👀

Navigate personal tax with confidence. Managing your personal tax with strategy and vision is key to managing your finances effectively.

When you don't take charge of your tax matters, your financial future can wind up paying the price. But here's the good news – you're here to take control.

Eliminate the guesswork around personal tax and don't simply leave it to somebody else. Test your tax savviness today, and discover how you can be proactive and assertive with your approach for a strong financial future.

TAKE OUR QUIZ NOW: https://walmsleyfptaxsavvy.scoreapp.com/

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Navigate personal tax with confidence. Managing your personal tax with strategy and vision is key to managing your finances effectively.

When you don't take charge of your tax matters, your financial future can wind up paying the price. But here's the good news – you're here to take control.

Eliminate the guesswork around personal tax and don't simply leave it to somebody else. Test your tax savviness today, and discover how you can be proactive and assertive with your approach for a strong financial future.

TAKE OUR PERSONAL TAX QUIZ NOW!: https://walmsleyfptaxsavvy.scoreapp.com/

Thank you so much for you lovely feedback John. It makes our day! It's a pleasure to assist you on your financial journey.

Visit our website if you would like more information on how we can help you on your financial journey.

Visit: https://www.walmsleyfinancialplanning.co.uk/

The Big Plastic Count are encouraging households across the UK to count all their plastic waste from 11-17th March.

They will be using the results of The Big Plastic Count to convince UK politicians to lead the way at the negotiating table for a Global Plastics Treaty, aiming to pave the way for a worldwide reduction in plastic production.

If you want to register you can use the following link: REGISTER NOW [thebigplasticcount.us20.list-manage.com]

Penny always likes to make herself at home if she gets to come to meetings at clients houses.

Cheeky Penny!

The next Plastic Bottle Top Sorting Party is a Christmas party!!! Why not come and join us, for a whole load of sorting fun, mince pies and carols. Don't forget to wear your Christmas jumper!

Another action packed Walmsley Christmas do starting at IFly for a bit of indoor skydiving, followed by lunch and the biggest desserts EVER at TGI Fridays, then off to the driving range at Trafford Golf Centre! 😅🍰🏌️‍♂️💪