Richard McKeown - Sovereign Wealth

Did you know...
It’s often thought that the highest
tax rate applicable in England, Wales
and Northern Ireland is 45% but that’s
not the case. If you earn more than
£100,000 per year, you could be taxed
at an effective rate of 60% on income
between £100,000 and £125,140

Follow the Autumn budget yesterday I would like to share with you the key take aways pertinent to financial planning:

- Freezing of income tax thresholds for a further three years
- From 2029, pension contributions made through salary sacrifice schemes to face national insurance charge - though reliefs for income tax (or corp tax for businesses) remain the same.
- A 'mansion’ tax on homes costing upwards of £2 million
- Additional 2% tax on interest on cash, dividends and rental income
- Cash ISA allowances reduced to £12,000pa (no change for those aged over 65).
- Stocks and Shares ISA allowance remains at £20,000pa.

You can read are full review here:
https://partnership.sjp.co.uk/article/detail/sjpp/the-autumn-budget-2025-topline-announcements.html

We will also be holding a webinar on Friday 28 November at 12:30pm to 13:30pm - if you would like to attend, please click here:
https://sjp-co-uk.zoom.us/webinar/register/9717611376298/WN_i8cdqgOfT9eKKRXhmxkoyg #/registration

If you have any questions on how the changes affect your own financial planning, then please reach out.

The Budget lowdown – the topline announcements The Budget lowdown – the topline announcements

I am pleased to announce that I have been included in The Times Top Rated Advisor Guide for the 4th year running

https://guide.vouchedfor.co.uk/wp-content/uploads/2025/03/VouchedFor-2025-Top-Rated-Guide_150325-2.pdf

A key theme in the Guide is helping clients avoid emotional responses to investing.

Please have a read through the guide, which you may find useful.

guide.vouchedfor.co.uk

Looking at ways to reduce your tax bill before 5th April? If you would like to know how please reach out.

Tax year end is a little over 6 weeks away. Many people ask me whether it makes more sense to invest into a Pension or an ISA. Both have their merits. Please see our useful guide below. If you have any questions please do not hesitate to reach out.

If you earn more than £100,000, don't get caught out by the 60% tax trap. Earnings above this figure begin to lose your personal allowance for income tax on a tapered basis.
Pension contributions can reclaim both your income tax and your personal allowance if you fall into this trap.
For more information please feel free to reach out.

With less than 3 months to go before the end of the tax year, have you made use of all of your available tax allowances?

Since April 2023 annual pension allowances have increased to upto £60,000pa, which allows for greater scope to reclaim tax.

Pension contributions also reduce your "adjusted income" which gives the potential to reclaim any lost Personal Allowance, and to qualify for Free Childcare and Child Benefits which are lost when your income reaches £100k and £50k respectively.

For more information, please feel free to reach out.

I am looking to recruit a Financial Services PA/Administrator to work with me from our Leeds office in Thorpe Park.

Salary £20k-£24k based on experience. Industry experience is useful though not essential.

Please feel free to share

What does retirement mean to you? New SJP video: https://youtu.be/Q9WH4Eee5wM

Everyone’s answer will be different. The important thing is that when you retire, you know what’s right for you.

Wherever you are in your journey, see how we can help you plan for the retirement you deserve.

The value of an investment with St. James's Place will be directly linked to the performance of the funds selected and the value may fall as well as rise. You may get back less than the amount invested.

Sovereign Wealth Limited is an Appointed Representative of and represents only St. James's Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority).

What does retirement mean to you? | SJP Everyone’s answer will be different. The important thing is that when you retire, you know what’s right for you.Wherever you are in your journey, see how we ...