Jonathan Rowley, Chartered Financial Planner and Director of Hamnett Wealth Management, has recently achieved Later Life Adviser Accreditation from the Society of Later Life Advisers (SOLLA).

SOLLA helps people in finding trusted accredited financial advisers who understand financial needs in later life. Established in 2008 as a not for profit organisation, it is dedicated to higher standards and accessibility to regulated financial advice for older people and their families.

Having been developed over a number of years, the Later Life Adviser Accreditation (LLAA) has now become established as the industry standard of excellence for those advising in the later life market. In addition to being a stand-alone award, it is also the basis of membership of the Society of Later Life Advisers.

Jonathan has been advising clients for over 26 years and is an Independent Financial Adviser which means he’s not restricted or limited in which products or providers he recommends.

Jonathan said: “I am delighted to be a SOLLA Accredited Later Life Adviser. Professional qualifications, whilst essential, don’t provide the full picture of my expertise. Taking the steps to become independently accredited provides my clients with the added reassurance that I offer the practical help and guidance they need to help them make the right decisions at the right time.  I have many older clients who I advise on retirement planning, saving and investment planning, tax matters, and estate and wealth planning.”

Hamnett Wealth Management have been providing unbiased, personal financial and investment advice since 1988.  We offer a range of services for individuals, business owners and trustees across a number of financial planning areas.

Take control of your financial future today with Hamnett Wealth Management.  We offer a free initial face-to-face consultation where we will assess your needs and explain how we can help. Call us now on: 0114 235 3500 or email us at: advice@hamnettwealth.com

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Everyone at Hamnett Wealth Management would like to wish all readers of Westside a very Merry Christmas and a prosperous New Year.

Many people reach retirement before they realise they have not made sufficient provisions. Here are 3 tips to avoid a shortfall:

1. Consider consolidating your pensions to a single provider if you have more than one. This will make it easier from an administrative perspective as it means you’ll just have one account to log in to, one set of investments to check and one lot of charges to monitor. Before you do though, check if your existing plans come with any guarantees or exit fees.
2. Review the funds you hold in your pension schemes. Billions of pounds are invested in underperforming funds but your provider may never have informed you how bad they are. As a member of a pension scheme, you have a right to be given certain information about what you have signed up to without having to ask for it. If you’re in a defined benefit scheme, the scheme must send you, every year, a summary funding statement. This gives you important details about the ability of the scheme to pay the benefits due under the scheme.
3. Reunite yourself with your money. If you have lost touch with your previous pension providers then the Pension Tracing Service is a great way to track down their contact details. You need the name of an employer or a pension provider to use the service. It will provide you with the contact details for the provider however it won’t tell you whether you have a pension, or what its value is. Find out more at www.gov.uk

For an independent review of your pensions and the underlying funds, please contact us. Hamnett Wealth Management offer unbiased, expert financial planning advice. Our professional, qualified Independent Financial Advisers take time to understand your specific requirements, aims and financial objectives to ensure your future is secure. Our services include:

• Pre-& Post Retirement Advice
• Investment Planning
• Long-term Care Advice
• Divorce & Separation Advice

Take control of your financial future today with Hamnett Wealth Management. We offer a free initial face-to-face consultation where we will assess your needs and explain how we can help. Call us now on: 0114 235 3500 or email us at: advice@hamnettwealth.com

Summer is a time when we all like to unwind and maybe plan a holiday. It’s also a great time to think ahead about how you can have more leisure time in the future. Ensuring your financial matters are in order now may help you feel more relaxed about the future.

Here are Hamnett Wealth Management’s top 3 financial matters to tackle this summer:

1. Take control of your pension arrangements
   Whether you’re looking to set up a pension, save money on annual management charges or to reduce fees on expensive pension plans, make sure you review your current pension arrangements to see whether they are likely to help you achieve your retirement goals.

2. Review your investments
Investment values have risen well in the last 12 months but volatility has been high. With fast changing political events affecting markets, it is imperative that your portfolio and pensions are strategically invested to profit from uncertainty and protect yourself from market shocks.

3. Question your current financial advisor
Do you know what they are charging you in fees? Recent press reports have highlighted several cases of people moving their portfolios and pensions from a certain provider because they have been subjected to high fees, poor service and a lack of transparency

Hamnett Wealth Management offer unbiased, expert financial planning advice. Our professional, qualified Independent Financial Advisers take time to understand your specific requirements, aims and financial objectives to ensure your future is secure. Our services include:

• Pre & Post Retirement Advice
• Investment Planning
• Long-term Care Advice
• Divorce & Separation Advice

Take control of your financial future today with Hamnett Wealth Management. We offer a free initial face-to-face consultation where we will assess your needs and explain how we can help. Call us now on: 0114 235 3500 or email us at: advice@hamnettwealth.com

Spring Clean Your Finances 

Entering the new tax year is a great time to spring clean your finances. Here’s Hamnett Wealth Management’s suggested checklist:

1. Maximise your tax-free saving allowances

If you’ve money to save, but haven’t used up your ISA allowance, make sure you take advantage of this tax-free form of investment.  Equally, ensure you’re making the most of allowances on your pension contributions to cut your tax bill.

1. Take control of your pension arrangements

Whether you’re looking to set up a pension, save money on annual management charges or to reduce fees on expensive pension plans, review your current pension arrangements to see if they’re likely to help you achieve your retirement goals.

1. Review your investments

Investment values have risen well in the last 12 months but volatility has been high. With fast changing political events affecting markets, it‘s imperative that your portfolio and pensions are strategically invested to profit from uncertainty and protect yourself from market shocks.

1. Plan for the future

Safeguard against unexpected future events spoiling your final wishes by setting up a trust alongside your will.  Trusts come in a variety of forms and can help lower potential inheritance tax bills as well as give extra guarantees  that loved ones will be looked after.

Appoint a lasting power of attorney so loved ones can act in accordance with your best interests and wishes as they are now.  There are two different lasting powers of attorney to consider – one to look after your health and the other your finances.

1. Question your current Advisor

Do you know what they’re charging you in fees?  Recent press reports have highlighted cases of people moving their portfolios and pensions from a certain provider because they have been subjected to high fees, poor service and a lack of transparency.

Hamnett Wealth Management are Chartered Independent Financial Advisers who offer unbiased, expert financial planning advice and a working towards becoming a dementia friendly business.

Jonathan Rowley, Director and Chartered Financial Planner, is also an associate member of SOLLA. SOLLA helps people and their families in finding trusted accredited financial advisers who understand financial needs in later life.

We offer a free initial face-to-face consultation where we’ll assess your needs and explain how we can help. You’re always welcome to call into our office on Baslow Road, Totley or we can visit you in the comfort of your own home.  Call us now on: 0114 235 3500 or email us at: advice@hamnettwealth.com

Following the announcement of our Chartered status, we decided to take a more visual approach with our advert in this month’s Westside magazine. You can see the result on page 5 of the magazine. Don’t worry if you don’t receive a copy of the magazine, you can read it in full here: https://issuu.com/regionalmagazinecompany/docs/wside_feb18

How much do you value £40,000?
As Oscar Wilde once wrote: ‘A cynic is someone who knows the price of everything and the value of nothing.’ “When it comes to their hard-earned money, people are right to be careful but how much value would you put on receiving financial advice?” asks Phil Smith, Director of Hamnett Wealth Management.

Research suggests that people who take professional financial advice will end up, on average, over £40,000 better off than those who don’t.

People only spend money on the things they value. Financial advice is no different. A recent research report by the International Longevity Centre UK found that those who take professional advice are likely to accumulate more financial and pension wealth, and that those in retirement are likely to have more income – particularly at older ages.

“This will come as no surprise to our clients” says Phil. “We have been adding value and security to our client’s financial affairs for many years. We build long-term relationships with our clients based on trust and mutual respect. Whether you are approaching retirement and want to understand the very best options in relation to your pension, or you’re trying to ensure your savings are working hard to grow or help support your income, we can help.”

At Hamnett Wealth Management we take time to understand your individual needs, aims and objectives. We know that ‘one size doesn’t fit all’ and we tailor our advice and recommendations to ensure that the money you have worked hard for all your life now works hard for you. We are Independent Financial Advisers. This means we make our recommendations based on solutions from the whole of the market place and we are not restricted in the advice we provide.

If you would like to find out how Hamnett Wealth Management can add value to your financial situation, please give us a call on 0114 235 3500. You are welcome to call into our office on Baslow Road, Totley or we can visit you in the comfort of your own home.

Everyone at Hamnett Wealth Management would like to wish all readers of Westside a very Merry Christmas and a prosperous New Year.

Jonathan and Phil from Hamnett Wealth Management recently took part in a star-studded golfing event hosted by BBC presenter and patron of The Children’s Hospital Charity, Dan Walker, raising over £50,000 for Sheffield Children’s Hospital. Jonathan said: “We’re always incredibly proud to take part in this fantastic event and to support such a worthwhile charity.” The event raised funds for a SPECT CT scanner which will play a key role in the hospital’s delivery of nuclear medicine. To support the charity, please visit www.tchc.org.uk

Need advice on Pension freedoms and Defined Benefit Pension schemes?

More and more Pension schemes are offering very large transfer values for deferred members to transfer out of their Pension scheme. However, before you take any action, you need to ask yourself whether you know if their offer is fair value or not.

Should you be offered a transfer value, which can easily be more than the value of your house, it is imperative that you take independent financial advice from a recognised Pension Transfer Specialist. Not all advisors are qualified and licenced to advise on these matters. Hamnett Wealth Management are. We are your local, established Independent Financial Advisors. We are highly qualified and up to date with the latest legislation and are authorised and regulated by the Financial Conduct Authority.

Our Pension Review Service allows you to consider the valuable benefits that would be lost on a transfer out. Once you’ve transferred out there is no going back. This could be the biggest financial decision you will ever make in your life. It is imperative you make the right choice. No two people are the same and you shouldn’t be blinded by big figures and the thought of free money. You’ve worked hard to build up these benefits so you should be careful not to blow it.

Hamnett Wealth Management’s Pension Review Service takes into account your personal financial situation, your health, family situation and critically your attitude to risk and capacity for loss. By focusing on your needs for income, capital and flexibility in retirement, we can make a formal recommendation on what you should do.

We offer a free impartial face-to-face meeting where we will assess your current situation. You are welcome to call into our office on Baslow Road, Totley or we can visit you in the comfort of your own home.

Financial planning can be complicated but at Hamnett Wealth Management, we speak in plain English and explain everything comprehensively. We try to make everything as simple and easy as we possibly can. We encourage you to ask as many questions as you need until you are comfortable and able to make an informed decision.

If you feel you could benefit from talking to an Independent Financial Adviser, please contact Hamnett Wealth Management on 0114 235 3500 for a free initial review meeting.

Uncertainty Bringing Fear? Talk to Hamnett Wealth Management.

So the UK has just voted in the General Election and the Brexit negotiations have begun for us to leave the EU and as expected, we are seeing the repercussions across the fiscal system. In this fast changing climate of political instability, uncertainty can bring fear. As trusted Independent Financial Advisors, we’ve been taking calls from clients concerned with what this all means for them and whether now is the best time to invest.

Our advice is don’t be tempted to make any rash decisions. However, it’s important to remember that when the financial landscape changes, to not respond would be a missed opportunity. We recommend you seek advice from a professional Independent Financial Adviser to review your investments and ensure that your current financial plan is still working for you now and will continue to do so in the future.

Investment values have risen well in the last 12 months but volatility has been high. With politics affecting markets, it is imperative that your portfolio and pensions are strategically invested to profit from uncertainty and protect yourself from market shocks. If you’re nervous then we can help stagger your investments to reduce any shock in the short-term but ensure that you see real competitive growth in the long-term.

We can also advise you on maximising your tax-free saving allowances. Savers are now able to save tax-free to the tune of £20,000 pa. This can be held in a combination of both cash and stocks and shares. There is also the new Lifetime ISA for individuals aged 18 to 40 where for every £4 you invest, the Government adds £1.

Jonathan Rowley, Director of Hamnett Wealth Management, said: “Over the coming months, Britain’s future will become clearer and we will keep up-to-date with any changes to legislation and policies so we can provide the best possible advice to our clients. There is a lot of speculation at the moment about what could happen but we pride ourselves on dealing with the facts and explaining everything to our clients in plain English.”

Hamnett Wealth Management is a local, independent financial advice company who’ve been helping people since 1988. We are small enough to care about each and every one of our valued clients, building trust and long-lasting relationships, yet we are large enough to provide specialist financial planning advice on your pensions, investments, inheritance tax and estate planning needs.

If you feel you could benefit from talking to an Independent Financial Adviser, please contact Hamnett Wealth Management on 0114 235 3500 for a free initial review meeting.

Hamnett Wealth Management offer a free impartial face-to-face meeting where we will assess your current provision. We offer unbiased, expert financial planning advice and take time to understand your specific requirements, aims and financial objectives to ensure your future is secure. You are welcome to call into our office on Baslow Road, Totley or we can visit you in the comfort of your own home.

Hamnett Wealth Management are your local, long-time established Independent Financial Advisors. We are highly qualified and up to date with the latest legislation and are authorised and regulated by the Financial Conduct Authority. Our commitment to service means that we will regularly review your financial plan to ensure it is continually working for you.

Financial planning can be complicated but at Hamnett Wealth Management, we speak in plain English and explain everything comprehensively. We try to make everything as simple and easy as we possibly can. We encourage you to ask as many questions as you need until you are comfortable and able to make an informed decision.

Take control of your financial future today with Hamnett Wealth Management. Call us now on: 0114 235 3500 or email us at: advice@hamnettwealth.com

Hamnett Wealth Management are pleased to announce that The Children’s Hospital Charity is our nominated charity for 2017. For every person who responds to this article and quotes ‘Westside’ when contacting us, we will donate to the charity. More information on the charity is available at http://www.tchc.org.uk/

April 6th 2017 sees the start of the new tax year and is an excellent time to review your existing financial arrangements. World events seem to be happening at a quickening pace so it is imperative that you ensure your investment portfolio is correctly structured and you are organised to take advantage of changes in legislation.

For example, are you aware of the rise in the tax-free limit for ISAs? From this month, savers will be able to save tax-free to the tune of £20,000 pa. This can be held in a combination of both cash and stocks and shares. Also the 6th April sees the introduction of a new Lifetime ISA for Individual aged 18 to 40. For every £4 you invest the Government adds £1. We can discuss the finer details and also where you can invest the funds.

Now is also the time to question your current financial advisor. Do you know what they are charging you in fees? Recent press reports have highlighted several cases of people moving their portfolios and pensions from a certain provider because they have been subjected to high fees, poor service and a lack of transparency.

If you require a second opinion on your financial planning, Hamnett Wealth Management offer a free impartial face-to-face meeting where we will assess your current provision. We offer unbiased, expert financial planning advice and take time to understand your specific requirements, aims and financial objectives to ensure your future is secure. You are welcome to call into our office on Baslow Road, Totley or we can visit you in the comfort of your own home. We work across Sheffield and north-east Derbyshire.

Hamnett Wealth Management are your local, long-time established Independent Financial Advisors. We are highly qualified and up to date with the latest legislation and are authorised and regulated by the Financial Conduct Authority. Our commitment to service means that we will regularly review your financial plan to ensure it is continually working for you.

Financial planning can be complicated but at Hamnett Wealth Management, we speak in plain English and explain everything comprehensively. We try to make everything as simple and easy as we possibly can. We encourage you to ask as many questions as you need until you are comfortable and able to make an informed decision.

Take control of your financial future today with Hamnett Wealth Management. Call us now on: 0114 235 3500.