Investments and Pensions

Accountancy Service: Investments & Pensions

At Stephenson Smart we are able to provide you with the best advice regarding your investments and pensions.

With a complicated and strictly regulated financial services market, independent financial advice requires specialist knowledge.

We make use of our wide range of professional contacts to ensure you have a suitable independent adviser to provide you with impartial advice in areas such as pension schemes, life assurance, critical illness cover, private medical insurance and care plans, and individual savings accounts and investments.

 

Top Slicing Relief

Top Slicing Relief may be available after the encashment of certain life insurance policies and investment bonds to reduce the amount of tax payable on the gain.

Bonds offer investors tax deferral on investment growth until a ‘chargeable event’ such as encashment occurs, potentially creating a chargeable event gain. This gain will be taxed as income in the tax year of encashment which could result in a large tax liability, which may not have occurred had a small amount of the gain been taxed in each year the bond had been held. Top Slicing Relief aims to correct this by reducing the tax liability. Eligibility will depend on income levels in the year of the chargeable event gain.

This is a very complex area of tax. If a chargeable event gain has arisen on your insurance policy or investment bond, please do not hesitate to get in touch.

At Stephenson Smart we are able to provide you with the best advice regarding your investments and pensions.

With a complicated and strictly regulated financial services market, independent financial advice requires specialist knowledge.

We make use of our wide range of professional contacts to ensure you have a suitable independent adviser to provide you with impartial advice in areas such as pension schemes, life assurance, critical illness cover, private medical insurance and care plans, and individual savings accounts and investments.

 

Top Slicing Relief

Top Slicing Relief may be available after the encashment of certain life insurance policies and investment bonds to reduce the amount of tax payable on the gain.

Bonds offer investors tax deferral on investment growth until a ‘chargeable event’ such as encashment occurs, potentially creating a chargeable event gain. This gain will be taxed as income in the tax year of encashment which could result in a large tax liability, which may not have occurred had a small amount of the gain been taxed in each year the bond had been held. Top Slicing Relief aims to correct this by reducing the tax liability. Eligibility will depend on income levels in the year of the chargeable event gain.

This is a very complex area of tax. If a chargeable event gain has arisen on your insurance policy or investment bond, please do not hesitate to get in touch.

Investments and Pensions

Our Offices

King's Lynn Office

22-26 King Street, King’s Lynn,
Norfolk, PE30 1HJ

Open 9am until 5pm Monday to Friday

T:   01553 774104

E:   kingslynn@stephenson-smart.com

East Coast Office

East Coast House, Galahad Road, Beacon Park,
Gorleston, Great Yarmouth, Norfolk, NR31 7RU

Open 9am until 5pm Monday to Friday

T:   01493 382500

E:   eastcoastoffice@stephenson-smart.com

Fakenham Office

10 Oak Street, Fakenham,
Norfolk, NR21 9DY

Open 9am until 5pm Monday to Friday

T:   01328 863318

E:   fakenham@stephenson-smart.com

Wisbech Office

2 The Crescent, Wisbech,
Cambridgeshire, PE13 1EH

Open 9am until 5pm Monday to Friday

T:   01945 463383

E:   wisbech@stephenson-smart.com

March Office

23 Dartford Road, March,
Cambridgeshire, PE15 8AN

Open 9am until 5pm Monday to Friday

T:   01354 653026

E:   march@stephenson-smart.com

Downham Market Office

1st Floor, 9 Market Place,
Downham Market, Norfolk, PE38 9DG

Open 9am until 5pm Tuesdays and Fridays

T:   01366 384121

E:   downhammarket@stephenson-smart.com

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