The magnificent setting of The Lawn, with its elegant Manor house and grounds, was the superb back-drop for this annual seminar held by Lee Devonald and the Liberty Wealth Management team.
‘Making life less taxing’ is something we all subscribe to, the Liberty team included - Lee has now given Kelly and Sally telephone headsets to allow them to more quickly and efficiently handle enquiries! So whether it’s using technology or planning our financial affairs so less of our hard-earned cash ends up in the government coffers, there are always new things to learn.
Tim Knight from St James’s Place head office delivered an amusing and comprehensive presentation. He highlighted the uncertainties and, more importantly, the key details around the government’s announcement to raise the Nil Rate Band for a married couple to £1million. Jeremy Corbyn has been quoted as saying of the new IHT banding: “The richest 60,000 families have suddenly had a tax break”. Tim pointed out that considering this higher rate band would not include estates worth more than £2.3 million and is for married couples only, this is factually not the case.
At exactly 11 o’clock we observed a two minute silence as a mark of respect on Armistice Day, after which there was a coffee break and a chance to network with other Liberty members.
Dan Lewis from Quilter Cheviot UK was next with his presentation ably assisted by Alex Ford. Dan is responsible for the investment management and suitability of portfolios on behalf of individuals, trusts, charities, SIPP and SSAS pension funds and offshore bonds. Liberty Wealth Management are committed to offering a complete investment service and have specialist partners like Quilter Cheviot UK to call on if deemed appropriate.
Finally, Angus Houston , Managing Director of Trust and Estate Practitioners Pavilion Row, spoke on why Wills, Trusts and effective estate planning are so important. Angus highlighted the role of a Lasting Power of Attorney, and how to ensure your wishes are carried out if you were suddenly unable to make decisions or deal with your own financial affairs.
The seminar finished at approximately 12.30pm with a delicious lunch and a chance to discuss the morning’s information with old and new friends.