Padstone Financial Management

read morePadstone Financial Management Ltd was established in Hereford in 2001. We offer unbiased Independent Financial Advice on a host of areas but specialise in pre and post retirement planning and investment advice. In writing: Write to Mark Young, Padstone Financial Management Ltd, Unit 5, Whitestone Business Park, Hereford, HR1 3SE OR by Phone: Telephone 01432 820710 OR Email us at: mark@padstone-fm.co.uk. The Financial Conduct Authority does not regulate taxation and trust advice will writing and some aspects of buy to let mortgages.

read moreYou might want to consider protecting your income in case of ill health - particularly if you run your own business. How would you meet your mortgage costs if unable to work due to an accident, sickness or unemployment. If you are in employment, how long would your employer pay you in the event of long-term ill health. Do you run your own business and wish to protect your staff or key people. For Buildings & Contents Insurance and Accident, Sickness & Unemployment Cover we usually offer products from a limited panel of providers.

read moreThe simple fact is we are living and working longer. Making provision for the future and retirement is vital. This has been helped by the introduction of Auto enrolment but put simply we need to save more for retirement. The most suitable solution will depend upon your employment and tax status but we can assist you and your Accountant if necessary with finding the right solution. The majority of people have various pension 'pots' built up during their working life, this is normal. These can normally be amalgamated at retirement into one pot if this is the moist appropriate thing to do.

read moreThis is a complex area which requires great care and specialised advice. We normally cross our services with solicitors in this area to ensure most accurate advice is provided. Inheritance tax and its application can be confusing and is often misunderstood. The basic rate of IHT is 40% on assets above 325,000 for an individual; this has not changed for a number of years. What have changed are the allowances that can be offset against it. An example of this is the recently added Main residence relief.