Wealth means something different to everyone. Whatever your plans, expert advice could help bring them to life. Through our partnership with Schroders Personal Wealth, we want to give more of our customers access to financial and investment expertise, to help give you the chance to choose what your financial future looks like.
To benefit from the expertise of Schroders Personal Wealth, you will need to have at least:
- £100,000 of sole/joint savings, investments and/or personal pensions; and/or
- £100,000 of sole annual income.
Fees/Charges will apply if you take out a product or service.
3 Steps towards tailored financial advice.
What can financial advice do for me?
Here are some of the examples of how Schroders Personal Wealth expert advice can help you.
Generating an income by investing your savings can be a simple way you can maximise the money you’ve saved. Schroders Personal Wealth can find the most efficient way to invest your wealth with a plan to suit your goals and the level of risk you're willing to take.
Please note that the value of investments and any income from them can go down as well as up and you may not get back the amount invested.
Preparing for Retirement
Now is the time to start planning to make sure that when you decide to work less, you are financially prepared to enjoy this new stage in your life. Schroders Personal Wealth will look to evaluate a number of things, such as your current pension payments or review the debt you may hold by the time you retire and how it will be covered. They can also discuss if your current plans require any changes to help you try to reach that goal.
Pensions are a long term investment, the money you pay into a pension is invested and investments can go down as well as up, which means you could get back less than you invested.
Inheritance Tax help
40% of the estate you plan to leave to your family could be liable through inheritance tax, over the £325k threshold. This is a tax that with the correct planning and assessment could be reduced. Schroders Personal Wealth Advisers can share a variety of possible solutions with you. Thesecould range from reviewing the best way in which you can pass on your assets, to how you can distribute your wealth while you’re alive.
Tax treatment depends on individual circumstances and may be subject to change in the future.
Financial Protection for my family
Making sure you have enough money if anything unexpected happens may provide you with some piece of mind. Finding the most efficient coverage considering every detail of your situation is something the Schroders Personal Wealth team can help you with. Schroders Personal Wealth Adviser can make this protection tailored for you and your family so it’s as comprehensive as possible.
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Important legal information
Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.
Schroders Personal Wealth is a trading name for Scottish Widows Schroder Personal Wealth Limited.
Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS).