GIVE AWAY TIME

GIVEAWAY TIME

WIN a DAY IN PARADISE at Foxhills Country Club for you and your partner/friend PLUS 2 bottles of Champagne.

We have teamed up with Victoria James Concierge To giveaway this awesome prize:

1. 2 x full access passes to Foxhills Country Club (Chertsey, UK). You become a member for the day, allowing you to enjoy our full range of Country Club facilities including:

  • Tranquil spa garden including Finnish sauna, hot tub, organic natural pool, with deck chairs and bean bags to relax on
  • Par three 9 hole Manor golf course
  • A refreshing 20m indoor pool
  • Vitality pool with therapeutic swan neck jets
  • Poolside steam room
  • Gym including scheduled fitness classes
  • Tennis and squash courts
  • Walking trails

2. 2 x bottles of Veuve Clicquot Champagne (No Under 18’s, we will be asking you for your ID upon handover of prize)

Follow the link below and sign up:

TO ENTER follow these 3 easy steps:

1. Follow the link below and sign up:

 

2. Follow @ascot_wm & @victoria.james.concierge instagram pages

3. Like the competition post and tag 1 friend in the comments that you plan to share the prize with

BONUS ENTRY: Share the competition post to your story and tag both companies to get 1 bonus entry. If you have a private account, tag us in your story and send us a screenshot by DM.

@ascot_wm
@victoria.james.concierge

FOLLOW BOTH COMPANIES ON INSTAGRAM USING THE ABOVE LINKS

Please note that transport is not included. We cannot guarantee what facilities will be open due to covid and we do not have any control over the Covid restrictions at the time of claim and the winner will need to abide by the local rules at the time of claiming the prize.

Terms & Conditions

Please note that terms and conditions apply. Click below for full terms and conditions.

Ascot Wealth Management Limited is authorised and regulated by the Financial Conduct Authority reference 551744. Our registered office: Scotch Corner, London Road, Sunningdale, Ascot, Berkshire, SL5 0ER. Registered in England No. 7428363. www.ascotwm.com Unless otherwise stated, the information in this document was valid on 3rd February 2017. Not all the services and investments described are regulated by the Financial Conduct Authority (FCA). Tax, trust and company administration services are not authorised and regulated by the Financial Conduct Authority. The services described may not be suitable for all and you should seek appropriate advice. This document is not intended as an offer or solicitation for the purpose or sale of any financial instrument by Ascot Wealth Management Limited. The information and opinions expressed herein are considered valid at publication, but are subject to change without notice and their accuracy and completeness cannot be guaranteed. No part of this document may be reproduced in any manner without prior permission. © 2017 Ascot Wealth Management Ltd. Please note: This website uses cookies. To continue to use this website, you are giving consent to cookies being used. 

Rishi Sunak Delivered His Much Awaited Budget Speech

Rishi Sunak Delivered His Much Awaited Budget Speech

Rishi Sunak delivered his much awaited Budget speech earlier today. It is probably fair to say this is one of the most highly anticipated of all budgets due to the current global pandemic. Speculation beforehand asked whether The Chancellor was going to now take the opportunity to raise taxes to repay some of the £270.6bn* borrowed to fund the pandemic response, or whether now was not the time and to try and pump further into the economy to stimulate some form of economic growth off the back of England’s Coronavirus roadmap.

We have been inundated with ‘hushed’ rumours of Stamp Duty and Furlough extensions which many say had already set the tone for this budget. Just yesterday the suspicions of the extension of the furlough scheme were confirmed with the scheme being extended until September 2021. But did the rest of the budget follow suit?

The team at AWM eagerly listened in this afternoon, and below we have summarised the main points.

*Source, Office for National Statistics

Summary

This was definitely a budget of two halves, Rishi Sunak was very honest in his delivery and stated that the first priority was to protect, support and create jobs but that that was going to come at a future cost. Whilst admitting it was not the time to announce tax rises across the board, The Chancellor did announce several policy changes and tax freezes. We have summarised some of the main points below.

Forecasts

The OBR have predicted that the UK will now have a swifter and more sustained recovery than initially predicted in November 2020.

They estimate growth to be; 

4% in 2021

7.3% in 2022

1.7% in 2023

1.6% in 2024 and 1.7% in 2025

Job support, protection, creation (Individuals)

  • Extension of the Furlough scheme until September 2021. From July 2021 companies utilising the scheme will be asked to contribute a small percentage of the 80% payment.
  • Self Employed individuals may be eligible for a 4th and 5th grant. Those previously ineligible for the self employment grants due to starting businesses in the 19/20 tax year, will now be eligible to apply for the grant but only on the basis they have already submitted their 19/20 tax return.
  • £20 Universal Credit uplift will remain for 6 months           
  • Living wage to increase to £8.91 in April 2021

Job support, protection, creation (Businesses)

  • Companies to be eligible for £3,000 funding for the hire of apprentices at any age
  • “Restart Grant” available for businesses who have not been able to open. Up to £6,000 for non-essential retail, per premises. And up to £18,000 for personal care, and gyms extra.
  • “Recovery Loan” available to businesses for loans of between £25,000 and £10m where the government will guarantee lenders up to 80% of the debt.
  • Business rates holiday for 3 months, and then 2/3 discount for the next 9 months.
  • VAT on hospitality reduced to 5% until 30th September 2021 and then 12.5% until April 2022 where it will then revert to normal.

Housing

  • Stamp Duty Holiday will remain in force until 30th June 2021. Between 30th June 2021 and 30th September 2021 Stamp Duty will start at a threshold of £250,000, raising to the usual £125,000 in October 2021.
  • 95% mortgages to be available.

Funding Economic Recovery

  • Income Tax rates, National Insurance, VAT frozen
  • Personal Allowance to raise to £12,570 from 2022 and then to remain at this point until April 2026
  • Higher rate income tax allowance to raise to £50,270 from 2022 and then to remain at this point until April 2026.
  • Inheritance Tax threshold, Pension Life Time Allowance, Capital Gains Tax allowances all frozen at current rates until April 2026.
  • Corporation Tax to rise to 25% in 2023 but based on company profits. Companies with profits sub £50,000 will have corporation tax remain at 19%. Those with profits between £50,000 and £250,000 will have corporation tax rates tapered between 19% and 25% respectively. Those over £250,000 will have 25% corporation tax rates from 2023.
  • Planned rises on duty of beer, wine, cider, spirits and fuel have all been frozen.
  • For any further information on any of the points above, please do not hesitate to get in contact with your adviser. 

Ascot Wealth Management Limited is authorised and regulated by the Financial Conduct Authority reference 551744. Our registered office: Scotch Corner, London Road, Sunningdale, Ascot, Berkshire, SL5 0ER. Registered in England No. 7428363. www.ascotwm.com Unless otherwise stated, the information in this document was valid on 3rd February 2017. Not all the services and investments described are regulated by the Financial Conduct Authority (FCA). Tax, trust and company administration services are not authorised and regulated by the Financial Conduct Authority. The services described may not be suitable for all and you should seek appropriate advice. This document is not intended as an offer or solicitation for the purpose or sale of any financial instrument by Ascot Wealth Management Limited. The information and opinions expressed herein are considered valid at publication, but are subject to change without notice and their accuracy and completeness cannot be guaranteed. No part of this document may be reproduced in any manner without prior permission. © 2017 Ascot Wealth Management Ltd. Please note: This website uses cookies. To continue to use this website, you are giving consent to cookies being used. 

UK Budget 03 March

BUDGET DAY IS 3 MARCH

The Chancellor, Rishi Sunak, will publish his budget on Wednesday 3rd March 2021. We all know 2020 was an extraordinary year and it seems to be rolling over into 2021. So what should we expect from this budget and what will it mean for you and will it affect your tax planning?

March’s Budget will be a landmark Budget, not only because of the pandemic, but also because it will be the UK’s first Budget as an independent country outside the EU for over 40 years.

The Coronavirus pandemic has meant the Chancellor has had to continually bring forth new measures to help businesses and individuals cope with the financial impact, as can be seen from the list of key changes noted below. The announcement was made the furlough scheme will be extended by an extra month to 30 April 2021, with the government continuing to pay 80% of wages until the end of the Scheme. Lets hope for some good news as this could be extended post budge.

Tax Rises (or no tax rises?)

There is large speculation as to what the Chancellor may do to recoup some of the £300bn the government has spent on boosting the UK economy. Will he go for tax raising measures  or will he impose a one-off wealth tax? Or will he delay tax rises until the pandemic is well behind us?

Significant tax rises that apply to a wide population would be damaging to any economic recovery at this stage. What the Chancellor is more likely to do is put restrictions on some of the generous tax reliefs that we have got used to taking advantage of.

Property

Those buying property may want to speed up those transactions if they can, as the beneficial stamp duty land tax holiday is scheduled to stop after 31st March 2021.

Personal Tax

The Chancellor has ruled out the heavily rumoured one-off “wealth” tax. However it is possible we may see changes to our existing taxes, specifically Capital Gains Tax (CGT).

The Office of Tax Simplification has recommended equalising CGT rates with Income tax rates. There is great speculation for a reduction in the annual CGT allowance.

Subscribe to our Newsletter for an ‘on the day’ run down of the Budget announcements. 

Ascot Wealth Management Limited is authorised and regulated by the Financial Conduct Authority reference 551744. Our registered office: Scotch Corner, London Road, Sunningdale, Ascot, Berkshire, SL5 0ER. Registered in England No. 7428363. www.ascotwm.com Unless otherwise stated, the information in this document was valid on 3rd February 2017. Not all the services and investments described are regulated by the Financial Conduct Authority (FCA). Tax, trust and company administration services are not authorised and regulated by the Financial Conduct Authority. The services described may not be suitable for all and you should seek appropriate advice. This document is not intended as an offer or solicitation for the purpose or sale of any financial instrument by Ascot Wealth Management Limited. The information and opinions expressed herein are considered valid at publication, but are subject to change without notice and their accuracy and completeness cannot be guaranteed. No part of this document may be reproduced in any manner without prior permission. © 2017 Ascot Wealth Management Ltd. Please note: This website uses cookies. To continue to use this website, you are giving consent to cookies being used. 

Mindful Mondays Ep 5

Mindful Mondays Ep 5

Ascot Wealth Management Limited is authorised and regulated by the Financial Conduct Authority reference 551744. Our registered office: Scotch Corner, London Road, Sunningdale, Ascot, Berkshire, SL5 0ER. Registered in England No. 7428363. www.ascotwm.com Unless otherwise stated, the information in this document was valid on 3rd February 2017. Not all the services and investments described are regulated by the Financial Conduct Authority (FCA). Tax, trust and company administration services are not authorised and regulated by the Financial Conduct Authority. The services described may not be suitable for all and you should seek appropriate advice. This document is not intended as an offer or solicitation for the purpose or sale of any financial instrument by Ascot Wealth Management Limited. The information and opinions expressed herein are considered valid at publication, but are subject to change without notice and their accuracy and completeness cannot be guaranteed. No part of this document may be reproduced in any manner without prior permission. © 2017 Ascot Wealth Management Ltd. Please note: This website uses cookies. To continue to use this website, you are giving consent to cookies being used. 

Mindful Mondays || EP 4 of 5

Mindful Mondays ║ EP 4 of 5

Ascot Wealth Management Limited is authorised and regulated by the Financial Conduct Authority reference 551744. Our registered office: Scotch Corner, London Road, Sunningdale, Ascot, Berkshire, SL5 0ER. Registered in England No. 7428363. www.ascotwm.com Unless otherwise stated, the information in this document was valid on 3rd February 2017. Not all the services and investments described are regulated by the Financial Conduct Authority (FCA). Tax, trust and company administration services are not authorised and regulated by the Financial Conduct Authority. The services described may not be suitable for all and you should seek appropriate advice. This document is not intended as an offer or solicitation for the purpose or sale of any financial instrument by Ascot Wealth Management Limited. The information and opinions expressed herein are considered valid at publication, but are subject to change without notice and their accuracy and completeness cannot be guaranteed. No part of this document may be reproduced in any manner without prior permission. © 2017 Ascot Wealth Management Ltd. Please note: This website uses cookies. To continue to use this website, you are giving consent to cookies being used. 

Mindful Mondays || EP 3 of 5

Mindful Mondays Ep 3 of 5

These 15-20 minute videos have been recorded for our staff and clients by our good friend Laura Uglow at True Vitality who does amazing work. Laura is a Personal Trainer, based in Windlesham, with over 15 years of experience in Health, Fitness and Wellbeing.  She feels passionately about helping people with their mental health and giving them tools to use in their everyday lives to help alleviate stress, anxiety and feel calmer. We would like to reach out to the local community and extend our resources  at this time so please feel free to forward this newsletter to  anyone who may benefit from this. 

Ascot Wealth Management Limited is authorised and regulated by the Financial Conduct Authority reference 551744. Our registered office: Scotch Corner, London Road, Sunningdale, Ascot, Berkshire, SL5 0ER. Registered in England No. 7428363. www.ascotwm.com Unless otherwise stated, the information in this document was valid on 3rd February 2017. Not all the services and investments described are regulated by the Financial Conduct Authority (FCA). Tax, trust and company administration services are not authorised and regulated by the Financial Conduct Authority. The services described may not be suitable for all and you should seek appropriate advice. This document is not intended as an offer or solicitation for the purpose or sale of any financial instrument by Ascot Wealth Management Limited. The information and opinions expressed herein are considered valid at publication, but are subject to change without notice and their accuracy and completeness cannot be guaranteed. No part of this document may be reproduced in any manner without prior permission. © 2017 Ascot Wealth Management Ltd. Please note: This website uses cookies. To continue to use this website, you are giving consent to cookies being used. 

Director, Mark Insley, nominated for Adviser of the Year

Director, Mark Insley, nominated for Adviser of the Year!

Ascot Wealth Management had the honour of ending off a very unprecedented year by our managing director, Mark Insley, being nominated for the highly acclaimed Growth Investor’s Adviser of the Year Award. This award follows last year’s victory in the Professional Adviser Firm of the Year category. 

Just because we were working from home, does not mean that it was not a busy year, on the contrary, we were also nominated for the Money Marketing Awards 2020 in the Best Financial Education Initiative (Advice Firm) category and for Retirement Adviser of the year by Moneyfacts.

Commenting on the announcement, Mark said: “This is the perfect way to start our 10 year anniversary year.  The Company is going from strength to strength and I am delighted that we are being recognised as Industry leaders, particularly against a backdrop of so much uncertainty. This award is testament to the hard work of all our staff and we are incredibly proud of what we have achieved.”


We look forward to the results that will be made public during a virtual event in December. 

 

Ascot Wealth Management Limited is authorised and regulated by the Financial Conduct Authority reference 551744. Our registered office: Scotch Corner, London Road, Sunningdale, Ascot, Berkshire, SL5 0ER. Registered in England No. 7428363. www.ascotwm.com Unless otherwise stated, the information in this document was valid on 3rd February 2017. Not all the services and investments described are regulated by the Financial Conduct Authority (FCA). Tax, trust and company administration services are not authorised and regulated by the Financial Conduct Authority. The services described may not be suitable for all and you should seek appropriate advice. This document is not intended as an offer or solicitation for the purpose or sale of any financial instrument by Ascot Wealth Management Limited. The information and opinions expressed herein are considered valid at publication, but are subject to change without notice and their accuracy and completeness cannot be guaranteed. No part of this document may be reproduced in any manner without prior permission. © 2017 Ascot Wealth Management Ltd. Please note: This website uses cookies. To continue to use this website, you are giving consent to cookies being used. 

Mindful Mondays || Ep 2 of 5

Mindful Mondays || Ep 2 of 5

These 15-20 minute videos have been recorded for our staff and clients by our good friend Laura Uglow at True Vitality who does amazing work. Laura is a Personal Trainer, based in Windlesham, with over 15 years of experience in Health, Fitness and Wellbeing.  She feels passionately about helping people with their mental health and giving them tools to use in their everyday lives to help alleviate stress, anxiety and feel calmer. We would like to reach out to the local community and extend our resources  at this time so please feel free to forward this newsletter to  anyone who may benefit from this.

Ascot Wealth Management Limited is authorised and regulated by the Financial Conduct Authority reference 551744. Our registered office: Scotch Corner, London Road, Sunningdale, Ascot, Berkshire, SL5 0ER. Registered in England No. 7428363. www.ascotwm.com Unless otherwise stated, the information in this document was valid on 3rd February 2017. Not all the services and investments described are regulated by the Financial Conduct Authority (FCA). Tax, trust and company administration services are not authorised and regulated by the Financial Conduct Authority. The services described may not be suitable for all and you should seek appropriate advice. This document is not intended as an offer or solicitation for the purpose or sale of any financial instrument by Ascot Wealth Management Limited. The information and opinions expressed herein are considered valid at publication, but are subject to change without notice and their accuracy and completeness cannot be guaranteed. No part of this document may be reproduced in any manner without prior permission. © 2017 Ascot Wealth Management Ltd. Please note: This website uses cookies. To continue to use this website, you are giving consent to cookies being used. 

Mindful Mondays by AWM ║Ep 1 of 5

Mindful Mondays by Ascot Wealth Management ║ Episode 1

We here at Ascot Wealth Management know that times are hard. It is now more important than ever to take care of your mental and physical health. This new limited newsletter series, Mindful Mondays, will lead us into the Christmas period so be sure to keep a lookout for it in your inbox for the next 5 weeks.  You can look forward to a new video, new recipe and new tips and tricks to take care of yourself every week. 

These 10-15 minute videos have been recorded for our staff and clients by our good friend Laura Uglow at True Vitality who does amazing work. Laura is a Personal Trainer, based in Windlesham, with over 15 years of experience in Health, Fitness and Wellbeing.  She feels passionately about helping people with their mental health and giving them tools to use in their everyday lives to help alleviate stress, anxiety and feel calmer. We would like to reach out to the local community and extend our resources  at this time so please feel free to forward this newsletter to  anyone who may benefit from this. 

Mindful Mondays by Ascot Wealth Management ║ Episode 1

You can contact award-winning Personal Trainer, Nutritionist & Fitness Coach
Laura Uglow at laura@truevitality.co.uk

A HOLISTIC APPROACH

Healthy from the inside-out

Studies have shown that the old saying ‘you are what you eat’ could not be more accurate. Find a recipe for Immune Boosting Lentil and Sweet Potato Soup below. 

Financial Health

This week’s financial corner talks about recession proofing your finances with some top tips on saving cash during the pandemic. As ever, do not hesitate to contact your adviser for financial advice.

If you would like to receive the rest of the Mindful Mondays resources straight to your inbox, sign up to our newsletter here

Ascot Wealth Management Limited is authorised and regulated by the Financial Conduct Authority reference 551744. Our registered office: Scotch Corner, London Road, Sunningdale, Ascot, Berkshire, SL5 0ER. Registered in England No. 7428363. www.ascotwm.com Unless otherwise stated, the information in this document was valid on 3rd February 2017. Not all the services and investments described are regulated by the Financial Conduct Authority (FCA). Tax, trust and company administration services are not authorised and regulated by the Financial Conduct Authority. The services described may not be suitable for all and you should seek appropriate advice. This document is not intended as an offer or solicitation for the purpose or sale of any financial instrument by Ascot Wealth Management Limited. The information and opinions expressed herein are considered valid at publication, but are subject to change without notice and their accuracy and completeness cannot be guaranteed. No part of this document may be reproduced in any manner without prior permission. © 2017 Ascot Wealth Management Ltd. Please note: This website uses cookies. To continue to use this website, you are giving consent to cookies being used. 

5 Financial fears and how to overcome them​

5 Financial fears and how to overcome them

If Frankenstein and Freddy Krueger haven’t frightened you enough this Halloween season, try confronting something more tangible — those financial fears keeping you up at night.

Money concerns don’t have to be a nightmare. Here are five common financial fears and ways you can overcome them.

1. Unexpected medical costs

We have all been there. Even with a solid health insurance plan, pricey out-of-network visits and increasing deductibles can be frightening. It’s important to not only have a solid health insurance plan that will cover you in your worst-case scenario but also to familiarize yourself with the terms.

If you know exactly what you’ll be expected to pay in the case of a medical emergency and where to expect coverage, you can better prepare, both financially and mentally.

2. Money-draining emergencies

Medical emergencies aren’t the only surprises that can put a strain on finances. These can include unexpected global pandemics and job layoffs, but also smaller costs like car maintenance or a broken hard drive.

For unplanned financial emergencies, it’s important to have an emergency fund in place. Ideally, your emergency fund will cover at least six months’ worth of expenses, including everything from insurance premiums and mortgage payments to groceries and utility bills.

If unexpected financial burdens are still giving you nightmares, direct more savings toward your emergency account as an added safeguard even after you’ve reached the six-month threshold.

The fear of something happening, if it’s not planned for, will keep you up at night. Contact us if you need further help.

3. Losing a job

Like other financial fears that stem from an inability to anticipate the unknown, some of the uncertainty can be mitigated by establishing an emergency fund. It’s also helpful to have a backup plan.

Think about what you could do with your knowledge and experience. What’s the backup plan if that were to happen? “Could you teach, could you start something of your own? What would be a side hustle if you lost your job?

If you work in tech or industrial sectors that are susceptible to layoffs. Ask yourself exactly how you would meet your financial obligations and establish a game plan.

4. Lack of retirement savings

It’s never too late to begin saving for retirement, though, even if your contributions start small. Evaluate your financial plan and make room in your budget for retirement savings. Take advantage of employer plans and catch-up contributions if you’re eligible, and set up direct deposits so you don’t even have the chance to miss the money before it goes into your retirement account.

5. Becoming overwhelmed by debt

f you’ve managed to get yourself into debt through loans, credit cards or a sizeable mortgage, working your way to being debt-free again can feel like an impossible task. But there are always actions you can take to help yourself cope with debt. Speak to your lenders to see if you can negotiate more manageable payments. Work out how much you’d need to pay each month to clear your debt in an achievable amount of time, such as five years. Finally, make sure you don’t take on further debt, otherwise you’ll simply be undermining all of your efforts.

 

Ascot Wealth Management Limited is authorised and regulated by the Financial Conduct Authority reference 551744. Our registered office: Scotch Corner, London Road, Sunningdale, Ascot, Berkshire, SL5 0ER. Registered in England No. 7428363. www.ascotwm.com Unless otherwise stated, the information in this document was valid on 3rd February 2017. Not all the services and investments described are regulated by the Financial Conduct Authority (FCA). Tax, trust and company administration services are not authorised and regulated by the Financial Conduct Authority. The services described may not be suitable for all and you should seek appropriate advice. This document is not intended as an offer or solicitation for the purpose or sale of any financial instrument by Ascot Wealth Management Limited. The information and opinions expressed herein are considered valid at publication, but are subject to change without notice and their accuracy and completeness cannot be guaranteed. No part of this document may be reproduced in any manner without prior permission. © 2017 Ascot Wealth Management Ltd. Please note: This website uses cookies. To continue to use this website, you are giving consent to cookies being used.