Westside Article – April 2017

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.

Westside Article – February 2017

New Year’s Resolutions you need to keep… The start of a New Year is the time when we all resolve to change something – whether it’s to lose weight or join a gym – but what about ensuring our finances are fit and healthy? At Hamnett Wealth Management, we think now is the ideal time to review your existing financial arrangements. Here are our 3 suggested resolutions for 2017:

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.

Maximise your tax-free saving allowances – The 5th of April is just around the corner – the date by which you should have finalised any tax-efficient savings plans and pension issues. If you have money to save, but have yet to use 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.

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.

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. We work with you to produce your very own bespoke financial plan. Our commitment to service also 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. 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.

Westside Article – Dec 2016

So Christmas is upon us which means that the 5th of April is just around the corner. This day marks the end of the tax year and is the date by which you should have finalised any tax-efficient savings plans and pension issues.

If you have money to save, but have yet to use up your ISA allowance, make sure you take advantage of this tax-free form of investment before the April deadline. The allowance is £15,240 for the current year. If you don’t use your allowance by this date, it will be gone for good, as you cannot carry any allowance which you haven’t used over to the following tax year. The ISA allowance rises to £20,000 from 6th April 2017.

Equally, make the most of allowances on your pension contributions to cut your tax bill. Business owners can contribute up to £40,000 to their pension annually tax-free, effectively a tax efficient way of saving for the future.

The lifetime allowance for pensions reduced from £1.25m to £1m from 6th April 2016. This affects not just those with individual personal pensions but also employees or members of occupational pensions such as the NHS pension scheme, teacher pension schemes, dentists etc.

It is possible to still apply for the increased allowance to be retained however, applications must be made to protect this.

Tax issues 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. We take time to understand your individual aims and objectives.

Hamnett Wealth Management offer unbiased, expert tax planning advice. Our professional, qualified Independent Financial Advisers will stay in touch with you throughout the year, not just when tax deadlines are on the horizon.

Take control of your tax planning 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.

Westside Article – November 2016

For people approaching retirement or supplementing their pension income from savings, times are tough, with interest rates at a record low. The amount of income available at retirement through traditional annuities for diligent savers with private pensions is lower than ever.

At Hamnett Wealth Management, we ensure that you fully understand all of your numerous retirement options and that you don’t have to take the first offer from your existing pension provider. There is nearly always better value to be had from the open market when considering annuities and the new flexible pension option should also be fully considered.

Our impartial advice takes into account all of this as well as the latest retirement and pension legislation, including the new limits on lifetime allowances. If necessary, we will also recommend any steps you can take to limit your tax liabilities.

It’s essential that you regularly review your existing pension arrangements to ensure that they are up to date and working for you. We can review all of your existing arrangements and look at the performance of the underlying funds, the charges being levied and assess the projected income at your chosen retirement date.

Whatever stage of life you are at, Hamnett Wealth Management offer expert pension and retirement planning advice.  Our professional, qualified Independent Financial Advisors will look at whether your current pension arrangements are likely to help you achieve your retirement goals.  If not, we will recommend actions to take and the likely effect of them in order to secure your financial future.

Take control of your retirement 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


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 £60,000 for Sheffield Children’s Hospital.  Jonathan said: “We’re incredibly proud to take part in this fantastic event and to support such a worthwhile charity.” The event raised funds for a new multi-purpose Fluoroscopy System, a life-saving piece of equipment used to obtain real-time moving X-rays.  To support the charity, please visit www.tchc.org.uk

Westside Article – October 2016

Hamnett Wealth Management is a local, independent financial advice company, based in Sheffield, which has been helping people since 1988.  Our business is small enough to care about each and every one of our valued clients, building trust and long-lasting relationships, yet large enough to provide specialist financial planning advice on pensions, investments, inheritance tax and estate planning needs.

At Hamnett Wealth Management you’re personally looked after by one of our four experienced, qualified and Independent Financial Advisers (IFAs) who will be dedicated to managing your individual requirements.  They are:

Jonathan Rowley has been advising clients for nearly 25 years and has been with Hamnett Wealth Management since 2002. Outside of work he enjoys walking his dog Toby, playing golf and watching Sheffield Wednesday – sometimes!

Phil Smith joined the company in 1996 and, in that time, has dealt with all different kinds of clients, many of whom he still looks after today.  Work aside, Phil likes spending time with his wife Jo and 4 kids, playing golf (usually badly) mountain biking, eating and drinking.

Louise Gower came to Hamnett Wealth Management in 2009 and is an accredited member of Resolution which specialises in pensions and divorce.  Louise enjoys running, badminton, playing golf in the sunshine and a good giggle.

Graham Walton started with the company in 2003 and focuses on green and ethical investments. When work’s done, Graham enjoys spending time with his family, cycling and bee keeping.

Our team of IFAs are backed up by professional support from our administration team who are all based in our Totley office.  These are:

Lisa Richards, Business Manager, has been at Hamnett Wealth Management since 1997, enjoys walking and spending time with her kids and has recently completed her first skydive!

Louise Myers joined the business in 2013 as an Administrator.  Louise enjoys going to the gym, walking the dogs and spending time with friends.

Jayne Briggs-Willis, Administrator, enjoys the atmosphere in the office when everyone’s in and the coffee is brewing.  At home, Jayne’s a big foodie who loves cooking as well as reading books of all different genres.

Alex Brown is also an Administrator and enjoys Graham’s legendary hot chocolate in the office!  In her spare time, Alex likes shopping, spending time with her family and holidays.

Everyone who contacts us has their own financial objectives. Everyone at Hamnett Wealth Management are empathetic to your needs and treat your situation with respect and sensitivity.

Some areas we deal with can be financially complex but we all speak in plain English and explain everything comprehensively.  We encourage you to ask as many questions as you need until you’re comfortable and able to make an informed decision as to how you wish to progress.

If you feel you could benefit from talking to us, please call the team on: 0114 235 3500 or email us at: advice@hamnettwealth.com for a free initial review meeting without obligation.  Alternatively, call in and meet us at 160 Baslow Road, Totley, Sheffield S17 4DR.

Westside Article – August 2016

So the UK has voted to leave the EU and we are already seeing the repercussions across the political and fiscal systems. As trusted Independent Financial Advisors, we’ve been taking calls from clients concerned with what this all means for them and their financial future.

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.

Our advice with regards to Brexit is not to panic. Whilst the media may be whipping everyone into a frenzy, don’t be tempted to make any rash decisions. We predict the markets will recover somewhat in the longer-term and eventually stabilise.  However, for the financial landscape to change the way it has and for you 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.

Jonathan Rowley, Director of Hamnett Wealth Management, said: “Over the coming weeks and 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.”

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.

Westside Article – June 2016

Going through a separation or divorce is a difficult and daunting time. You will have a lot on your mind about what the future holds and where you go from here and may feel totally overwhelmed by everything you have to consider.

One vitally important thing to think about is how the breakdown of your relationship affects you in terms of your assets, estate and, most importantly, any children that you may have.  There will be areas that need dealing with immediately to maintain stability such as bills and mortgage payments.  However, once these are taken care of, it is time to look to your longer-term financial future and seek advice from a professional Independent Financial Adviser.

Hamnett Wealth Management specialises in advising clients going through divorce and separation.  We can discuss the best way to split assets for separating couples and consider the tax and legal consequences.  We are an accredited member of Resolution, an organisation of 6,500 family lawyers and other professionals in England and Wales, who believe in a constructive, non-confrontational approach to family law matters.

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.

Jonathan Rowley, Director of Hamnett Wealth Management, said: “No separation or divorce is the same, each individual has their own specific requirements, aims and financial objectives. We are empathetic to your needs and treat your situation with respect and sensitivity.  Divorce and separation can be financially complex but we speak in plain English and explain everything comprehensively.   We encourage you to ask as many questions as you need to until you are comfortable and feel able to make an informed decision as to how you wish to progress.”

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.

Westside Article – May 2016

Hamnett Wealth Management have been providing clients with independent financial advice on their pensions and savings since 1988.

They are small enough to care about each and every one of their valued clients, but big enough to provide and deliver specialist financial planning advice on your pensions, investments, inheritance tax and estate planning needs.

They understand clients are individuals and have their own specific requirements, aims and financial objectives and often get to know many on a personal basis.

If you are looking for a firm that cares about you and can help you build and protect a financially secure future, then call 0114 235 3500 and pop in for a cup of tea and a chat.

Westside Article – April 2016

Pensions, Pensions, Pensions – Read all about it! 

“No matter where you look, if you turn on the telly, pick up a paper, listen to the radio, it seems everyone is talking about pensions! What has suddenly made boring old pensions a hot topic?” asks Phil Smith, Director of Hamnett Wealth Management.

The answer is that pensions have been on George Osbourne’s hit list for a while now. Last year he announced a once in a generation overhaul of pensions.  This significant change allows people much greater flexibility in how they draw money from their pension pot. More recently he has been looking at tinkering with the tax benefits of pensions, whilst also looking to extend the age we can access our state pension to 70 and beyond.

It’s a complex area. Pension legislation loves its special titles. There is the annual allowance, lifetime allowance, tapered annual allowance, safeguarded benefits, pension commencement lump sum, pension input periods, annuities, flexi access drawdown, capped drawdown etc. – the list goes on and on. For those of you who are trying to make the most of the valuable tax benefits available when using pensions, or if you are approaching the time that you may want to access some of your pension pot, it’s a bit of a minefield. Expensive mistakes can be easily made if the wrong decisions are made.

If you are struggling to understand your pension and your options, don’t worry, specialist advice is on hand at Hamnett Wealth Management. We offer truly independent and qualified pensions advice to our clients. You have peace of mind knowing that our advice is fully regulated by the Financial Conduct Authority. Put simply, we know what we are talking about.

If you would like to discuss your pension planning, or review your pensions please call us on 0114 235 3500. We offer an initial assessment at no cost and without obligation as you need to know if, and how, we can help you before moving forward. Come and have a chat over a cup of tea and we can help you on the way to a better financial future.

Westside Article – February 2016

Stockmarket volatility, your money, 2016 and beyond.

2015 certainly saw volatility in the global equity markets. With falling commodity prices we have seen falls in the price of oil and utilities in the UK. Where is the best place to be invested now? Is now a good time to buy into the markets and where is it best to invest?

How have recent events affected your investments? Well this depends on where your money is invested. Many investors have seen the value of their investments and pensions plummet in the last 12 months. Had you merely invested in a FTSE 100 tracker fund then you could have seen a fall in value of some 17.7% from the peak.

How would this make you feel? There is no right or wrong way of investing, it basically boils down to what you are trying to achieve. We all have short, medium and long term objectives and where to invest is closely linked to how long you can invest for.

In the short term bank deposits offer security but little interest. Different asset classes perform differently to worldwide events. In our opinion most investors would be best served by minimising the usual risks of investing fully in equities. Spreading your money across different asset classes reduces the volatility and protects value.

Markets may be volatile in the short term but, over the longer term, they are more prone to rise than to fall. Short term fluctuations can be bearable and, as longer term investors, we sometimes have to put up with short term volatility in order to achieve our objectives.

If you would like to discuss how we can protect your money from market risk whilst still delivering above average returns, call Jonathan Rowley, Director at Hamnett Wealth Management, on 0114 235 3500.

The success of our business is closely aligned to your success. As Independent Financial Advisers we can help you make the most of your money. And don’t forget that the 5th April is fast approaching so make sure you have used your full ISA and Pension allowances.