nEWS AND INSIGHTS

Tax, investments and pension rules can change over time so the information below may not be current. This article was correct at the time of publishing.

What are my pension options with Four Wealth Management and St. James’s Place?

Four Wealth Management is a Senior Partner Practice of St. James’s Place Wealth Management.

As a Senior Partner of St. James’s Place, our clients can benefit from St. James’s Places’s distinctive approach to investment management, as well as to their broad range of services and technical expertise. We have exclusive access to the St. James’s Place range of outstanding fund managers.

Many clients come to Four Wealth Management for help preparing for retirement and boosting their pension pot. Four Wealth Management can offer St. James’s Place pensions to clients.

What pensions do St. James’s Place offer?

St. James’s Place offer a Retirement Account to provide a tax-efficient means of saving for retirement through regular or one-off contributions. The Retirement Account can be used to provide an income when you retire through Flexi-Access Drawdown or Capped Drawdown, provided you transfer an existing Capped Drawdown arrangement to us.

Find out more about your options at retirement.

Who can contribute to a St. James’s Place Pension?

Contributions to the St. James’s Place Retirement Account can be made by the account holder, an individual on behalf of the account holder or an employer.

How can I contribute into my St. James’s Place pension?

Regular contributions can be made into a St. James’s Place pension through direct debit or standing order. Regular contributions can be monthly, quarterly, half yearly or annually.

Single contributions can be made by cheque, debit card or bank transfer.

How much can I contribute into my St. James’s Place pension?

Tax relief on pension contributions is restricted to the higher of £3,600 or 100% of your earnings. If your total contributions, including employer contributions, exceeds your annual allowance and any additional carry forward allowance, an annual allowance charge will arise. The annual allowance if currently £40,000 but may be reduced if you are affected by the tapered annual allowance and/or money purchase annual allowance.

Arrange a Professional Review of your Pension

What is the pension lifetime allowance?

The pension lifetime allowance is the total amount of tax-privileged pension benefits that can be provided without incurring a lifetime allowance charge. The pension lifetime allowance is currently £1.055 million.

How do I monitor the performance of my St. James’s Place pension?

At Four Wealth Management, we offer our clients an annual face-to-face financial review. This will be to discuss performance of your portfolio and help make sure it is on track to meet your financial objectives. Your Financial Adviser will also make you aware of any changes in legislation that may affect your investments.

You can also register for online access to view your portfolio online

How do I know if the St. James’s Place pension is right for me?

At Four Wealth Management, your Financial Adviser will work with you to determine which pension option is best for your circumstances.

St. James’s Place Guarantee

St. James’s Place guarantees the suitability of the advice given by members of the St. James’s Place Partnership when recommending any of the wealth management products and services available from companies in the Group, more details of which are set out on the Group’s website at www.sjp.co.uk/products.

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.

Find out more about the St. James’s Place guarantee

Enquire Now

If you have any queries or would like to arrange a face to face meeting with an advisor for a no obligation review of your personal finances, simply book a call back using the form below. Alternatively, you can call us on 0117 973 0500.

The Partner together with St. James's Place Wealth Management plc are the data controllers of any personal data you provide to us. For further information on our uses of your personal data, please see the Partner's Privacy Policy or the St. James's Place Privacy Policy.

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