Financial planning & investment management
for higher-earning professionals
Here’s how it works:
Come have a chat. It’s free. You can ask anything you’d like. Ultimately we will, together, determine whether it will be beneficial to you to use TindleWealth’s financial planning services.
How do we determine whether working with TindleWealth will be beneficial for you? There’s a simple litmus test: will TindleWealth save or make you more than our £2,400 fee within 12 months? If your household makes income in excess of £200,000 per year, and you’re not currently working with a financial adviser, then it is very likely that we will.
If we both agree to move forward then we will make a financial plan that’s completely tailored to your circumstances. It is unique to you. This takes a few weeks and then we meet again for it to be presented it to you and to answer any questions you have. Your adviser is then available for ad-hoc enquiries for the next 12 months – or longer if you choose to remain a client on an on-going basis (at £200 per month).
The cost for the above is £2,400 for the one-off plan + 12 months of follow up support or an on-going service at £200 per month for a minimum of 12 months.
TindleWealth will manage your investments for you if you wish. We utilise our team's significant expertise to create a low cost but high quality portfolio that aims to generate the best returns while remaining consistent with the objectives of your overall financial plan.
If you choose this option, TindleWealth charges 1% per year on the value of the investments it manages on your behalf subject to a minimum annual fee of £2,400. This is for your initial financial plan as well as ongoing financial planning and investment management. Note that there are additional fees for things like VAT and the cost of the underlying investment funds. You can download our Terms of Business, which includes the full breakdown of the various options and the associated fees, here.
Some examples of how we save our clients money:
These are illustrative examples only and should not be considered financial advice unique to you personally. Please contact us or another financial adviser if you would like to receive regulated financial advice on these matters.
- Using an ISA. It is the simplest advice but we continue to be astounded by how many people who are able to max out their annual ISA contributions do not do so. Even if an ISA is kept solely in cash, one is still building up a separate account that can, in the future, be invested without incurring any tax.
- Lifetime ISAs (if you're under the age of 40). The government will literally give you £1,000 each year if you contribute £4,000 to a Lifetime ISA. There are restrictions on when you can withdraw it, but if you do not need it until you are at least age 60 then it is free money. This strategy might be a particularly good one for higher-earners who cannot pay more than £10,000 per year into their pensions.
- Contributing to your partners’ pension. If both partners are working but one is making substantially more than the other – and, say, faces the £10,000 annual limit on their pension contribution – it might be advisable for the higher-earning partner to contribute to the lower-earning partner’s pension. The couple would reap the tax saving of doing so while also investing for the future in a tax-efficient manner.
- Anyone making between £100,000 - £125,000 is, effectively, caught in a 60% tax trap. It is often advisable to contribute more to your pension in order to reduce the amount of income that you’re paying 60% tax on, especially if replacement income can be sourced elsewhere (e.g. from investments or from your spouse/partner) or if you earn more than you spend.
- Enterprise Investment Scheme investments are not for everyone – it is risky investing in the small companies that qualify for EIS relief. But the tax benefits are significant – such as income tax relief of 30% of the amount invested – and if such an investment strategy is appropriate, it can form a small but important part of one’s portfolio.
This is not an exhaustive list but hopefully gives you an idea of the type of work we do with our clients