Welcome to CharterGroup
Financial Management.

We are a small network of Independent Financial Advisers directly regulated by the Financial Services Authority, and mainly linked to firms of Chartered Accountants in The CharterGroup Alliance.

Later family stage

This is probably the busiest time of your life, it’s no wonder they say that time moves quicker as you get older?

Things that may occur:

  • starting own business (or partnership) Growing Family
  • getting divorced
  • getting re-married
  • children growing up
  • further education
  • second property
  • living abroad
  • health issues
  • parents needing care or passing on.

 How we help:

  • Investing  or disinvesting – it is as important to get advice when cashing in your investments as when investing in the first place! Timing the encashments of investments is crucial, plus you need to know the tax implications and any ways that you can mitigate tax, for example selling shares/ unit trusts over more than one tax year and/or transferring some to a spouses name can save you substantially when it comes to Capital Gains Tax (CGT). You may be able to take advantage of certain reliefs, such as “Holdover relief”, or “Rollover relief”
  • Mortgage – we source the best mortgage for your situation from the whole marketplace. We can help you decide which is best for you, be it fixed interest, variable, tracker, discounted, cap & collar, interest only or repayment. We will help you understand all the terms and what they mean to you.
  • Commercial finance – you may need finance to help start your own business, whether it is borrowing from the bank, Venture Capital or perhaps a “Business Angel”, we have the contacts and know how to help you through the problems and pitfalls you may encounter
  • Buy to let mortgage – As with ordinary mortgages, we have the whole market to choose from, but we will also help you decide if buying property is right for you as an investment. If it doesn’t add up, we will tell you so, and look at alternatives that may be better suited.
  • Income protection - most employers will only pay you statutory sick pay if you are off work for any time. This is currently only £81.60p.w. which is probably substantially less than you are used to. An Income Protection policy will pay you up to 75% of your earnings on top of any state benefits you may receive, plus it is usually tax free, making it even better. We can even provide cover if you are self employed. This should not be confused with PPI insurance which has been widely miss-sold by the Banks in the recent past.
  • Private medical insurance – such as BUPA for example, we can help you find the best policy for you at the price you can afford. Premiums can be kept to a minimum by agreeing to a high excess, or you can get a policy that will only provide private cover if you cannot get your condition sorted on the NHS within 6 weeks.
  • Life assurance – If you hadn’t thought about it before, it’s still not too late to something about it now. If you were to die (or get a critical illness) many of your plans for your loved ones will not have a chance of coming to fruition. For a very small relative outlay, you can ensure this doesn’t occur. “It will never happen to me!” In 99% of cases this will be true, but ask the 50,000 widows whose partners die each year if their partners thought the same, and I’m sure you will get the answer you expect? Why risk it considering how little it costs? We can even arrange for the taxman to contribute towards it in certain circumstances.
  • Pensions & SIPPs – now that your pension funds are building up, could a SIPP (Self Invested Personal Pension) be right for you? With a SIPP, you can invest in a much wider range of assets, including direct investment in commercial property. You can even borrow up to 50% of the value of your funds to boost the available capital to purchase with, so for example if you had £200,000 in your fund, you could borrow another £100,000 so you could buy a property worth £300,000! If you currently run your own business out of a property you or the business owns, we can even arrange an “in situ” transfer which can release valuable cash back to you or the business for cash-flow purposes.
  • Pensions & Divorce – if your marriage breaks down, your pension may be one of your most substantial assets. Getting advice early about the value of investments and pensions can make a huge difference to how long it takes to wind up your marriage, and ultimately what it costs you in Legal Fees. We can help and advise you in this area, and possibly steer you in the direction of mediation rather than fighting things out in court?
  • If you decide to emigrate, it makes sense to plan well in advance. Arranging your investments offshore could save you substantial amounts of tax for example. Advice of the tax situation in your chosen destination, arranging international private medical cover and organising your pensions is essential. Will you need to buy property abroad? We could help you with different currency mortgages for example.
  • Long Term Care – obviously not for you at this age, but how will this affect your parents? You may need to help them plan, or sell their home for example. Specialist advice is essential in this area. Our advisers are fully qualified to advise on this subject.