Services
Business Funding
There are a number of funding options to consider. A common thread is that most options will involve an outflow of money from the business to a third party finance provider, together with acceptable security that is often backed up by personal guarantee or a second charge over residential property. Certain business sectors experience the most difficulty in attracting funding, together with start ups and projection led requests. The requirement may simply be for additional operating capital to fund growth, or to replace existing facilities that are viewed as too costly or requiring unacceptable levels of additional security. At Thompson Tobin we have some creative ideas around the use of existing assets to fund the business. We try to look 'outside the box' for solutions that protect personal and business assets, as well as keeping the profits from commercial funding transactions 'in house'. Some forms of lending are not regulated by the Financial Conduct Authority.
Thompson Tobin work with a number of traditional Banking, Invoice Discounting and Commercial Mortgage providers. We can provide a review service for existing arrangements to confirm they are appropriate, competitive and provide best value.
Wealth Management
Having worked hard to build up an asset base, most individuals are keen to preserve their wealth, tax shelter it, and pass it down the generations. Armed with a thorough understanding of your objectives, we will build a programme that should give the best chance of achieving these objectives. Once again, success is also dependent on regular reviews, when the programme can be adjusted to take into consideration liquidity, economic, market, and personal considerations. On occasion we may work with specialist tax advisers, and legal resources where the establishment of Trust arrangements is required.
We are often tasked with the reinvestment of client monies, either pension funds or a lump sum possibly arising from a business sale. We seek to deliver a successful investment experience via the capture of market returns, whilst keeping trading costs and expenses to a minimum. The philosophy is to invest based on scientific principles, rather than speculate, stay disciplined, and thereby maximise the chances of achieving long term goals. A pension is a long term investment. The fund value may fluctuate and can go down. Your eventual income may depend upon the size of the fund at retirement, future interest rates and tax legislation.
Stock market investments are not guaranteed and can fall in value as well as rise. Ultimately you could get back less than you invest. Past performance should not be seen as an indicator of future performance,
Tax Planning
Corporation Tax, Income Tax, Capital Gains Tax and Inheritance Tax will make a dramatic difference to your wealth, and the assets you are able to pass down the generations. Our in depth understanding of your requirements will help us to identify suitable products and strategies. Where appropriate we would refer you to a specialist, suitably qualified tax adviser.
Taxation rules, rates and legislation are likely to change over time. Any benefit will depend on future circumstances and legislation.
Protection
Protection covers a number of scenarios. It could be protecting one’s estate from Inheritance Tax, or protecting businesses from the loss of a key employee. There is also the issue of family protection, where an income has to be protected in the event of ill health or death. Protection is best described as putting the right amount of money in the right person’s hand at the right time. Once again, a regular review should be undertaken to ensure the amounts are relevant and correct, and any Trust arrangements are appropriate. Life cover (non investment) and Income Protection - the plan will have no cash in value at any time and will cease at the end of the term. If premiums are not maintained then cover will lapse. Critical Illness Plans - the policy may not cover all definitions of a critical illness. For definitions covered please return to the Key Features and Policy Documents.
Trusts, Tax & Inheritance Tax Planning are not regulated by the Financial Conduct Authority