British Steel Pension – TATA


British Steel Pension Advice

I had a rather disturbing call this morning from a member of the British Steel scheme; he told me that he felt under a great deal of pressure (and uncertain pressure at that) to make a decision between:-





  • Moving to the British Steel 2 scheme
  • Moving to the Pension Protection scheme
  • Transferring his pension to another provider  and giving up his guarantee.

Problem is what should he do?

Opinion – it would seem that the British Steel scheme is/has not able to produce correct statements and information about your individual benefits under the scheme – therefore any adviser providing transfer advice is likely to find that advice flawed.  YOU a British Steel Pension scheme member will need to stop, consider, understand and then act.

Couple of things to note here.

The main scheme details are here  British Steel Pension

Just to be clear. If you are a member of the old scheme (closed March 2017)  you can still

  • Move your pension to a new employer
  • Draw on benefits before your normal retirement date
  • Draw you pension earlier.

All of this information is on this web page British Steel Pension Members

But there are some options, you can (and have to choose)  linked information here

If he moves to the pension protection scheme (PPF)…

The new scheme’s benefits are the same as the current scheme, except for offering lower yearly increases. For certain members in certain situations, the PPF offers higher benefits than the current scheme, and so higher than the new scheme. For example, if when you start taking your pension you swap some of your pension income for tax-free cash, the PPF is more generous when it works out how much cash you get. The new scheme has to be affordable, and it would have been too expensive to give all members better benefits than the PPF.

Q: Could Pension Protection Fund benefits change in future? 

They could, though the benefits that the PPF provides are set out in legislation. It is possible that the government could change this legislation. For example, quite recently the amount of the cap that applies to certain members’ PPF benefits was increased for members with more than 20 years’ pensionable service.

The PPF is confident that it is currently in a strong financial position. If it became less strong in the future, there would be a number of options available to the PPF. One option would be to increase the levy that the PPF collects each year from the schemes it protects. The PPF legislation does allow the PPF or the Government to change member benefits – for example, it could reduce the maximum yearly increases it provides. However, reducing benefits would only be considered as an absolute last resort.

In that short summary above you’ll note that under both a transfer to PPF and a transfer to BS2 you will still benefit from a guaranteed pension at retirement, but the basis for the calculations are different.

In order to determine what is going to be the best option for you there needs to be simple comparison done.

Both schemes offer different levels of tax free cash, different widows and spouses pensions and different levels of future increases.

It’s these that are the main differences.

Some of you with benefits under the British Steel main pension may have been approached by advisers offering you an option to transfer away, and indeed may have been offered ‘telephone number’ figures of what you could achieve.

For me understanding the way these things work there are a couple of questions.

  • Can you afford the charges that come with these transferred plans. At least 2.5% per year on average – that 25% (twenty five percent) of your fund every ten (10) years.
  • Do you fully understand that you will give up valuable guarantee of benefits once you move.
  • Investment risk will be borne solely by you, your adviser or the transferring company will not accept any liability for investment market collapses or non performance of any pension fund (and most don’t perform that well).
  • Charges will be levied as and when you want to make changes to your pension – double charging.

They key thing about your present predicament is this.

Should you move from British Steel – to BS2 or the PPF?

You can only decide that once you have worked through the comparison options. Moving to another provider in the form of a pension transfer to a personal pension or a self invested personal pension means you will be paying very high charges and lose your valuable guarantees.

It would seem that many so called advisers are targeting British Steel employee’s and offering advice to transfer. I don’t see how that can be done correctly when, based on it’s own admission the British Steel Pension trustees have admitted to not being able to produce the correct figures for many staff.

Your decision to move your pensions is a big one, don’t fall for the hype from the industry predators – frankly I am appalled that any adviser in this day and age is able to make a recommendation to switch on such limited and seemingly false information.

Be very careful, if you have been approached by someone it’s likely you’ve been sold something you don’t want, don’t understand but will have paid dearly for it.

Charges of £9,000 +£7500 ever year (based on a pot of £300k) are not unusual.

Get in touch if you are not sure. Use this form.


Meanwhile please read the links below, some of it’s a bit technical but you’ll soon get a feel.

British Steel Pension Missing Data

482 Pension Transfers made – industry wins by several millions.

British Steel Pension Transfers

Important for all British Steel Pension Members to read

From Henry Tapper

British Steel Pension Scam Watch

British Steel and the Pension Promise

British Steel Tread Carefully with Pension Transfers

Note on investment risk.

On moving from a defined benefit scheme to an defined contribution scheme (an invested pot) you’ll need to remember that the investment markets are at all time highs and to be fully invested now you will taking substantially more investment risk than  five or even ten years ago.

I doubt your pension transfer adviser has told you that.




Investing for income – 2017 | The Adviser Industry is wrong.

Over the last ten years or so I’ve managed to confirm a  couple of things about investing and making your money work hard through investing.

This has cause a little conflict with industry players and the invest for income or growth debate. My conclusion is most advisers and wealth managers get this completely wrong and the evidence is starting to become overwhelming against many advisers.

Investing for income is like having a machine inside your bank account churning out fivers on demand and whenever you need and without having to work for them.

Income that’s passive is the gold that most businesses look for and do their best to achieve.

Imagine for one minute, your retirement; with a portfolio of shares and Exchange Traded funds (ETF) that have been working for YOU over the last ten or twenty years. It’s likely that you’d have seen some increases in capital value (growth) which is good news, however when comparing that with the income you’ll note how much better off you could be with this strategy.

Growth funds you see are just that. Growth. But in order to survive, to pay bills you need income. Income is that tangible thing that flows into your bank each month or quarter. Income that doesn’t stop when the markets wobble or flatten.  In business terms ‘you can’t pay a gas bill with your balance sheet or share price, you can only do that with income.’

Traditionally, we invested in shares because of income. Capital value increases were the icing on the cake – something that would be nice to have. Income is something you should aim for.

Forget what your current adviser is telling you. They’re so wrong on this. Investing for income is the only way to go.

The evidence for this is supported by a number of ‘more erudite and knowledgeable’ than me people, one of which is Geraldine Weiss.

From Moneyweek…

Weiss felt that a stock should meet most (or ideally all) of seven key criteria before investors should consider buying it. They are: 1. Must be yielding more than its historical average dividend yield. 2. Must have raised dividends at a rate of at least 10% a year over the past 12 years. 3. Trading for less than double the value of net assets. 4. Trading at less than 20 times earnings. 5. Earnings are at least double dividends. 6. Debt is less than 50% of total market cap. 7. Financially stable and with a long enough track record to be considered a “blue chip”.

And from the Telegraph

Quite simply put. If you are not investing for income you are missing a trick and if haven’t been then it’s not to late start. With Pension Freedoms – this could be way to enjoy a good cash income in retirement and enjoy something to pass on to your kids – a proper tax free legacy.

When you’re ready to learn some more about this strategy then get in touch using the form below, you’ll be pleased you did.



Writing of a Will


Your last wishes are important. Which is why your Will should be regarded as an important document.

Having your Will updated and amended as time goes on is as important as creating one in the first place.

Having spent the past thirty or so years helping clients build and manage their wealth, it’s important for me to make sure that the final stage is all in order, which is why I work with you to create Will documentation that is both legal and in line with your wishes.

Given the changes in rules relating to Inheritance Tax (IHT) in recent months (April 2017)  a review of your final planning is probably due. Even if you’ve nothing else has changed you’d be wise to check and make sure. Solicitors and other advisers are not the best at following up when changes arise.

My role, working with you falls into two main areas…

  1. Guidance in relation to what you should do and how things should be documented
  2. Making sure that the documentation, including any additional trusts is drawn up correctly

The Writing of a Will service provided to you is at a fixed price so there are no surprises, comes with a guarantee that as much of your estate is preserved just in case you need to consider Care Fees planning – but without any of the scam deals you’ll see advertised; and is created by a third party specialist Will Writer who is not only qualified in Legal Matters but a fully paid up member of STEP – the Society of Trust and Estate Practitioners,

This means you get the best financial guidance available and top quality documentation from qualified people, and at a fixed price – there are no surprises, what you’re quoted is what you pay.

Remember if you are going to use a Solicitor to write your last Will for you then most of these are not qualified in the subject and estate planning is not part of their core training.  It’s for this reason I only use a STEP member, and only after you and I have had a full discussion about the options and the right way forward.

Before you leave I have a free report available which tells you some more of the things you should know, there is no charge for this and no sales people will call.  You can get it by using the form below.


You can get in touch by using the contact boxes below. Please indicate the best time for me to call you.

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You Wanna Be Rich – do this.

Don’t bother sitting down with a financial adviser and ask the normal questions, how can I improve my wealth, which fund should I invest in to make the most of my investments?

None of these will work for you.

It’s the basics that make the difference, just ask any rich person.

  1. Get good at something people want.
  2. Make a business out of it.
  3. Spend less than you earn (pay yourself at least ten percent of income)
  4. Invest the rest in the Stock Market (Income ETF’s)
  5. Asset allocate your investments.
  6. Don’t rack up debt.

Repeat the above. Fingers crossed you should be financially independent in around twenty years.

If anyone tells you any different they are talking rubbish.

You’ll note.

  • There is no mention of pensions
  • There is no mention anything complicated
  • There is no mention of needing an adviser
  • There is no mention anything you don’t understand

Financial plans made simple.

When you’re ready to implement, get in touch or Borrow my Brain



Abbey Life – Allied Dunbar Pensions


Any of you that have followed me for more than a few years will know that  I come back to a couple of subjects ad-nauseum. One of these subject is Allied Dunbar. Probably the highest profile seller during the 1980’s of pension plans that really didn’t add up.

Charges within most of the plans sold by Allied Dunbar were high and some were horrific. To the point where I doubt an investor ever made any return on the money paid in.

Now Allied Dunbar have effectively gone from the market place, or at least are not selling new plans every consumer should be grateful. Importantly, there is no evidence that any of the financial regulators are interested in reviewing past sales from this provider, nor helping the owners of these pension (and investment) plans solve the problem of poor investment returns or high charges  – or indeed both.

For you, as an owner of one of these plans you should be concerned. Concerned about how much the pension is actually working for you and how best to get yourself out of the contract without any heavy losses.

My offer of a two part strategy will work for you to ensure you get the right opinion about your options and the information you need to make a decision about your pension planning.

Strategy for Dealing with Allied Dunbar Pensions.

  1. Review and compare. Current values, penalties and investment returns.
  2. Consider options, your short and medium term plans and alternative contracts.

When you are ready you can order this as fixed price from this link.

Allied Dunbar Pension Review

Care Fees Planning in 2017 | Crawley

Nursing Home/Care Fees Planning.
There is one aspect of financial planning that causes most concern and wrangling, and one that I want to tackle with some truths about this whole are of care fees planning, please note that this also applies to any form of assisted help in the home for the elderly.

If you are reading this for your parents, please accept my apologies in advance for not address this to you directly.

Care Fees Planning and Options – Summary

  • There is no guarantee that any plans put in place today will prevent your home being sold to fund your care costs in later life.
  • Giving assets away will automatically allow the Local Authority responsible for your care to recover the costs of your care from your estate (deprivation).
  • There is no time limit as to how far back a Local Authority can look.

No you have the starting point to this whole care fees issue.

After reading the above you may think that there is nothing that can be done, that’s not true. But don’t think for one minute that using some kind of Asset Protection Trust will help, it won’t.

I know that some of my comments will upset possibly inflame those that feel a sense of entitlement  to paid for care  –  I sympathise with those who think their care should be funded, but that doesn’t change the  reality of where we are today. It’s the reality that interests me in these matters, if you feel it’s unfair then you should take up the matter with your MP.
The 2014 Care Act finally puts in place a little respite in relation to the costs of care, via a Care Cap of £72,000, however this is now not going to be in place until 2020 if it ever happens. If you can wait until then, that’s great.

Richard Smith  – The Finance Zone does not offer any products for sale. My work is as consultant(s) only, providing you with the  independent information and and  outlining your options in order  for you and yours to make an informed decision.

Background To Care Fees Planning in 2017.
UK government is facing a real problem. It’s expenditure is more than its income.
Of course they could increase taxes to suit, but with over 47% of gross income being taken in tax and other mandatory spending (ask for my article about Alison Average) increasing taxes is not an answer. Spending less may well be the only answer.

You should understand that the government is not like you and I. If it needs to increase spending it needs to raise taxes, whereas you and I would do some overtime in order to increase income.

The government is not meeting is spending obligations at the moment, and it’s hoping taxation income is going to go up – I remind you of my most used saying “hope is not a plan”. Care Fees and Social Care is something that successive UK Governments have not thought about.

Government spending in many areas is reducing. Fact. And the care act pushed the cost burden back to local councils. You may have seen the news about increases to Council Taxes to fund the social care costs (this is what the 2014 Care Act was all about).

More Evidence
State pensions ages have been creeping upwards and look likely to increase even further, increase  the total cost to taxpayer.

  • Government has given Pension Flexibility in order to sweeten the reduction in state pension provision, more income tax and personal responsibility.
  • Auto enrolment pensions that have been slowly rolled out over recent years, increasing the burden on employers as they are forced to make payments for staff.
  • Tuition fees being passed back to students thus reducing further reductions in state spending.
    Benefit reductions and caps.
  • Reduction in funding from central government to local government forcing up local taxes.
    Reduced spending on infrastructure projects overall.
  • Public sector pension liabilities are increase massively and the burden of these unfunded schemes means any shortfall is picked up by the  taxpayer. These shortfalls have been increasing.

Looking forward, the question you need to ask yourself is this does it look likely that the UK Government will be needing more money in the future or less and is it likely that some changes to legislation will be made; either/or/all  policy is more effectively policed in order to ensure that the correct amounts due are paid?

Care Fees  and funding are just another part of the problem, which means the current position is unlikely to change. If your parents have assets and need care they will have to pay.
Why Should I Pay – Why Should My Children Pay?

If individuals needing long term care are in  some form of residential home the costs of this needs to be met from somewhere or someone. The cash can either come from those that can afford it, or via general taxation – paid by us all.

Based on the statistics produced yearly from Age UK and available from below you will see that some 16% of adults over 85 live in some kind of home. This indicates that some 84% maintain their independence.  Which is not something those selling ‘care fees property protection’ plans will use in their marketing material “have this, but  most of you probably won’t ever make use of it”.

For the 16% of adults that need looking after, the average fees are around £30,000 per year with the average life expectancy in a home of two years.  The proposed care cap is £72,000 or 2.5 years of current average care home costs. Governments, like insurance company’s tend to know their numbers.

If you are not able to pay your own fee’s or don’t own a property or don’t  have other assets, or have in the past owned such assets; then the Local Authority has a responsibility to fund your care – look after you. The 2014 Care Act (sometimes called the 2015 Care Act wrongly) lays out in clear terms what the responsibility of the Local Authority are.

The same act also allows them to recover the costs of your care if there is evidence that you have deprived yourself of assets in order to reduce your liability. Given that there is a level of fairness required in this area; the legislation accepts that personal responsibility needs to play a part, and if you deprive yourself of an asset or an income that could be used to fund your care, then there is a good chance an attempt will be made to recover the amounts.

The state has an obligation to fund your care costs if you are not able to cover them yourself, the state only has one source of income (tax) therefore if you don’t pay;  the costs of your care are paid for by me and my children and possibly their children, of course along with yours. It’s for these reasons the legislation is in place.
Continuing Care – NHS Funded

You may qualify for this  and more information is available from the link below. I have only ever seen this funding applied on a few occasions and doubt you will ever qualify for it.
Court Cases Often Quoted By Those Selling ‘Care Fees Avoidance Plans’

It’s interesting that these (usually) quoted cases have very specific circumstances applying and by no means can be applied generally, this should be sufficient to rubbish any claims made around these rulings.

Yule v South Lanarkshire  and Beeson v. Dorset County Council

If you are concerned about the effect of your Care Fee’s on your  assets, there are some things you can do, I can cover these with you either on a one to one basis and for a fix cost.
Meanwhile please be assured that most forms of trust planning, care fees planning, probate and will trusts WILL NOT WORK.
No matter how much you spend on them, or how slick the person sitting in front of you is. These are not tested properly under the law.

I will be pleased to provide you with some further information about the are of Care Fees Planning and you can use the form below to send me your details. No salespeople will call and your personal details are never shared. You will find out some more information about your care fees options which I know you’ll find very helpful

You can also contact me using the form below, We can arrange to meet and I’ll walk you through the options.

Even if you have sought advice from elsewhere, you’d be wise to confirm that. In my experience Adult Social Services and some of the other organisations often only tell you half the story – which is all they legally obliged to tell you, only that’s not good enough.

More Information (automated) no sales people will call.

Richard Smith CERT PFS

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Extracts From Legislative Documents   – Page 11
69 Recovery of charges, interest etc.
(1)Any sum due to a local authority under this Part is recoverable by the authority as a debt due to it.

(2)But subsection (1) does not apply in a case where a deferred payment agreement could, in accordance with regulations under section 34(1), be entered into, unless—

(a)the local authority has sought to enter into such an agreement with the adult from whom the sum is due, and

(b)the adult has refused.

(3)A sum is recoverable under this section—

(a)in a case in which the sum becomes due to the local authority on or after the commencement of this section, within six years of the date the sum becomes due;

(b)in any other case, within three years of the date on which it becomes due.

(4)Where a person misrepresents or fails to disclose (whether fraudulently or otherwise) to a local authority any material fact in connection with the provisions of this Part, the following sums are due to the authority from the person—

(a)any expenditure incurred by the authority as a result of the misrepresentation or failure, and

(b)any sum recoverable under this section which the authority has not recovered as a result of the misrepresentation or failure.

(5)The costs incurred by a local authority in recovering or seeking to recover a sum due to it under this Part are recoverable by the authority as a debt due to it.

(6)Regulations may—

(a)make provision for determining the date on which a sum becomes due to a local authority for the purposes of this section;

(b)specify cases or circumstances in which a sum due to a local authority under this Part is not recoverable by it under this section;

(c)specify cases or circumstances in which a local authority may charge interest on a sum due to it under this Part;

(d)where interest is chargeable, provide that it—

(i)must be charged at a rate specified in or determined in accordance with the regulations, or

(ii)may not be charged at a rate that exceeds the rate specified in or determined in accordance with the regulations.

70 Transfer of assets to avoid charges
(1)This section applies in a case where an adult’s needs have been or are being met by a local authority under sections 18 to 20 and where—

(a)the adult has transferred an asset to another person (a “transferee”),

(b)the transfer was undertaken with the intention of avoiding charges for having the adult’s needs met, and

(c)either the consideration for the transfer was less than the value of the asset or there was no consideration for the transfer.

(2)The transferee is liable to pay to the local authority an amount equal to the difference between—

(a)the amount the authority would have charged the adult were it not for the transfer of the asset, and

(b)the amount it did in fact charge the adult.

(3)But the transferee is not liable to pay to the authority an amount which exceeds the benefit accruing to the transferee from the transfer.

(4)Where an asset has been transferred to more than one transferee, the liability of each transferee is in proportion to the benefit accruing to that transferee from the transfer.

(5)“Asset” means anything which may be taken into account for the purposes of a financial assessment.

(6)The value of an asset (other than cash) is the amount which would have been realised if it had been sold on the open market by a willing seller at the time of the transfer, with a deduction for—

(a)the amount of any incumbrance on the asset, and

(b)a reasonable amount in respect of the expenses of the sale.

(7)Regulations may specify cases or circumstances in which liability under subsection (2) does not arise.
71 Five-yearly review by Secretary of State
(1)The Secretary of State must review—

(a)the level at which the cap on care costs is for the time being set under regulations under section 15(4),

(b)the level at which the amount attributable to an adult’s daily living costs is for the time being set under regulations under section 15(8), and

(c)the level at which the financial limit is for the time being set under regulations under section 17(8).

(2)In carrying out the review, the Secretary of State must have regard to—

(a)the financial burden on the state of each of those matters being at the level in question,

(b)the financial burden on local authorities of each of those matters being at the level in question,

(c)the financial burden on adults who have needs for care and support of each of those matters being at the level in question,

(d)the length of time for which people can reasonably be expected to live in good health,

(e)changes in the ways or circumstances in which adults’ needs for care and support are being or are likely to be met,

(f)changes in the prevalence of conditions for which the provision of care and support is or is likely to be required, and

(g)such other factors as the Secretary of State considers relevant.

(3)The Secretary of State must prepare and publish a report on the outcome of the review.

(4)The first report must be published before the end of the period of five years beginning with the day on which section 15 comes into force.

(5)Each subsequent report must be published before the end of the period of five years beginning with the day on which the previous report was published.

(6)The Secretary of State may arrange for some other person to carry out the whole or part of a review under this section on the Secretary of State’s behalf.

(7)The Secretary of State must lay before Parliament a report prepared under this section.

Age UK Guidance
Residential care  There are an estimated 5,153 nursing homes and 12,525 residential homes in the UK.238  According to the latest Laing and Buisson survey, there are 426,000 elderly and disabled people in residential care (including nursing), approximately 405,000 of whom are aged 65+.239  93 per cent of nursing home residents and 99 per cent of people in residential homes are aged 65+240

Only 16% of people aged 85+ in the UK live in care homes.241  The care home resident population for those aged 65 and over has remained almost stable since 2001 with an increase of 0.3%, despite growth of 11.0% in the overall population at this age.242 Last updated January 2016 15  The gender gap in the older resident care home population has narrowed since 2001. In 2011 there were around 2.8 women for each man aged 65 and over compared to a ratio of 3.3 women for each man in 2001.243  The resident care home population is ageing: in 2011, people aged 85 and over represented 59.2% of the older care home population compared to 56.5% in 2001.244  Most supported housing for older people is ‘sheltered’ housing (for social rent) and owneroccupied retirement housing (mainly for sale). Across the UK there are nearly 18,000 developments and around 550,000 dwellings (480,000 in England), housing around 5% of the older population. 245  The median period from admission to the care home to death is 462 days. (15 months).246  Around 27% of people lived in care homes for more than three years.247  People had a 55% chance of living for the first year after admission, which increased to nearly 70% for the second year before falling back over subsequent years.248


Care Fees – The Truth Is Not Being Told.

I have included a short presentation below which outlines some important points about your Care Fees planning. It won’t take long.

Send me your details via the box below and I’ll send you important information and let you know when I am next running these informal workshops. No salesman will call and your information is not shared.

Care Fees  despite the  NHS being under great strain  in recent months, and all of the talk about social care there are a couple of massive problem building up (or here already).

During the last quarter of 2016  I presented  some educational workshops for those of a ‘certain age’ that were likely to run into  problems with Care Fees planning. One of these was for the Indigo Umbrella Group. It was clear from these workshops that few really understood the implications of the 2014 Care Act and more education was required.

Since then I have raised at least three complaints againsts Will Writers and other “advisers” in Sussex who are selling solutions to the Care Fees conundrum without explaining the downsides. These are many.

Asset Protection Trusts

There have been a good number of arrests for firms selling these products. They dont work, are not effective and can only be described as complete rip off.

Giving Your House To Your Kids

Good luck with that. The 2014 Care Act puts in place specific provision that follows on from the Deprivation of Assets rules that went before.

Life Assurance Bonds

Sold for many years by advisers (independent and otherwise) as THE solution are flawed in many ways and you probably have grounds for complaint  if one of these has been sold to you.

Over the coming few months I will be arranging a number of meetings to discuss this important area of your financial planning and outlining some of these things and a lot more.

  • Social Services – what they won’t tell you and why.
  • Don’t rely on a valid Will and a Trust – it’s not worth the paper it’s written on.
  • What really happens to a Trust if you need to fund Care Fees.
  • Investing to cover Nursing Home Care and why that will never work.
  • The truth about the costs of Care.
  • State Provision – Continuing Care and the problems with that.

Leave me your details below (your information is never shared) and I’ll get you some more information out about these new meetings and some more information meanwhile.

Let me assure you of this… if you get to be post zimmer then you’ll appreciate the guidance and advice in this content. No salesman will call, there is nothing to buy.


Meanwhile, still not sure. Here are some snippets of what existing clients and workshop attendees say.

Care Fees Planning Workshops – Feedback

Get advance notice and further information, just send me your details below .

Financial Advisers – They Don’t Do This

I am getting sick of financial advisers, sick of their whining and moaning about problems with compliance and clients – if they just did their job then they wouldn’t need to concern themselves with any of the moaning.



Importantly if all you needed  in order to be rich and wealthy, was to sit down in front of your local Independent Financial Adviser, let him take a slice of your wealth (annually) we’d all be doing it. Fact is – it’s not like that, never has been, most of them are surviving on just above wages in an industry that has contracted by some 95% in the last ten years. Hardly an advert.

Back to now, let’s look at investments, pensions, ISA’s or whatever you have.

Firstly. Most people don’t utilise their tax free capital gains tax allowance. Why?
Not met an adviser yet who recommended, as a first stop that you invest in something
that can use up your annual capital gains tax allowance.

Instead they use Bonds, ISA’s or anything that keeps them in control. Pensions are just
about the worst thing to invest in, yet are heavily recommended by advisers – yet removed
from the Government advice leaflet produced in 2016. Should tell you something.

And then, simplicity is disregarded and replaced with complexity. Let’s look at the truth.

I now (and for always) have educated clients and users of my training to invest for income
and never for growth. It’s a simple thing, supported by Einstein (and not some half witted
advisers) that works in your favour, not only today but forever.

See if you buy (invest)in shares of a good business, you are make a decision to grow your
future as they grow theirs. Company does well you do well.

As a shareholder they’ll also pay a share of any profits a dividend.

Even if you don’t want those dividends now, you can use them to buy more shares, meaning you earn even more dividends in future. Not complicated is it.

Albert Einstein called this the “eighth wonder of the world”, and even
he couldn’t have predicted interest rates at today’s lows of 0.25% .

The FTSE All-Share has grown by 210% over the last 24 years or so, and had you added
dividends to that you could have ended up with over 600%. Put one pound in and got £6 back
Of course, past performance is not a guide to future returns, but the same principles will
still apply.
Fact is there are far to many advisers out there that ignore this simple principle and
end up creating portfolios of utter rubbish, which you as a client can do nothing about.

Get in touch when you are ready for some real investment education. You can join my list
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