Protecting Your Pension Benefits for Your Loved Ones

Safeguarding your pension's death benefits and securing a lasting legacy for your loved ones is an essential financial decision. By ensuring that your hard-earned pension remains protected from potential challenges, such as bankruptcy or divorce, you can create a solid financial foundation for your family.

At Derek Mills Wealth Consultancy, we offer a bespoke solution to empower you in this journey – our version of a spousal by-pass trust, “The Legacy Preservation Trust.”

While pensions are primarily designed to sustain your retirement, they can also serve as a significant resource for your dependents in the event of your untimely passing, potentially amounting to a substantial sum.

Our spousal by-pass trust is a tailored strategy designed to help with  these challenges. With unforeseen events having the potential to affect financial legacies, our trust acts as a safeguard against these risks.

Take charge of your financial future. Contact us today, and together we can create a legacy that transcends generations.

Please note, this option may not be suitable for everyone, and a thorough review of your personal circumstances is required.

Easing the Tax Burden

Unlock the door to financial empowerment! As a Senior Corporate Executive earning over £125,140, you are no stranger to the burden of sharing nearly half of your income with HM Revenue & Customs. Did you know that, between £100,000 and £125,140, the effective tax rate you face for the 2024/2025 tax year is a staggering 60%?

With recent tax changes affecting high earners, it's more important than ever to have a tailored financial plan that helps ease this tax load. At Derek Mills Wealth Consultancy, we specialise in crafting strategies that not only reduce your tax liabilities but also create a pathway to a confident financial future. During our comprehensive reviews, we focus on maximising your ISA and Capital Gains Tax allowances, as well as navigating the latest changes to tax bands and pension limits.

Our collaborative approach extends beyond tax planning – we’re deeply invested in your broader life goals and retirement plans. Together, we’ll build a personalised financial roadmap, giving you control and confidence in managing the complexities of your wealth.

Don't let the tax burden weigh you down. Take action now, contact us, and let’s begin a transformative journey towards financial freedom and empowerment. Your wealth deserves a strategy as exceptional as your success.

The value of an investment with St. James's Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up.  You may get back less than you invested.
 
The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief depends on individual circumstances.  Note that from 6 April 2027 the value of most unused pension funds is expected to fall into your estate for inheritance tax purposes.
 
*Please note that Trusts are not regulated by the Financial Conduct Authority.