Monday, May 17, 2004
Friday, April 09, 2004
CONTACT
Independent Financial Adviser: Richard Meek
Telephone: 0116 2549 018
Fax: 0116 2548 308
Email: jb@mjrfm.co.uk
Address: MJR Financial Management
Granville Hall
Granville Road
Leicester
LE1 7RU
Independent Financial Adviser: Richard Meek
Telephone: 0116 2549 018
Fax: 0116 2548 308
Email: jb@mjrfm.co.uk
Address: MJR Financial Management
Granville Hall
Granville Road
Leicester
LE1 7RU
Thursday, April 08, 2004
Wednesday, February 04, 2004
MJR Financial Management has its roots in Mark J Rees, a reputable Chartered Accountancy Practice founded in Leicester in 1938, which today provides a comprehensive range of business services to clients all over the world. The two sides of the business, along with MJR Computer Solutions, work closely together to bring our clients a greater range of expertise and the convenience of having all of their professional needs catered for by one dedicated team.
We realise that the relationship with our clients is our greatest asset and to cement that relationship we provide professional advice which is completely impartial and focused on what’s right for you – not a sales target. This refreshing approach is what separates us from the competition and we believe that with MJR Financial Management you will notice the difference. Many of our clients first came to Mark J Rees over thirty years ago and have never looked back. We think that you won’t either.
The Financial Management team includes,
Richard Meek MLIA (dip)
Richard is an Independent Financial Adviser and heads up MJR Financial Management, the financial services arm of Mark J Rees. He joined the firm in May 2001 having previously followed a career with two of the leading insurance companies. He is qualified in FPC (1, 2 and 3) and CEMAP (mortgage exams) and specialises in Pensions and Investments.
Richard acts for a variety of clients. Many are in fact Directors of existing Mark J Rees clients who require assistance with their pensions and pre/post retirement planning.
He is married and is a keen sportsman with a special interest in golf and football.
John Bloxham Dip FSM
John joined MJR Financial Management in 2003 after 5 years with HSBC working as a Technical Adviser and in a Projects role. He is CEFA qualified (1, 2, and 3) and has also achieved the Diploma in Financial Services Management from the Chartered Institute of Bankers.
John is enthusiastic about travel and left the country for 10 months in 2001 to travel the globe. Highlights of his trip included camping in the Amazon Rainforest, hiking the Inca Trail in Peru, losing all of his belongings in New Zealand, New Years Eve in Sydney and getting lost (everywhere and often).
He is a keen but terrible golfer, plays Badminton regularly and will happily do a Bungee Jump or Skydive if given half a chance.
We realise that the relationship with our clients is our greatest asset and to cement that relationship we provide professional advice which is completely impartial and focused on what’s right for you – not a sales target. This refreshing approach is what separates us from the competition and we believe that with MJR Financial Management you will notice the difference. Many of our clients first came to Mark J Rees over thirty years ago and have never looked back. We think that you won’t either.
The Financial Management team includes,
Richard Meek MLIA (dip)
Richard is an Independent Financial Adviser and heads up MJR Financial Management, the financial services arm of Mark J Rees. He joined the firm in May 2001 having previously followed a career with two of the leading insurance companies. He is qualified in FPC (1, 2 and 3) and CEMAP (mortgage exams) and specialises in Pensions and Investments.
Richard acts for a variety of clients. Many are in fact Directors of existing Mark J Rees clients who require assistance with their pensions and pre/post retirement planning.
He is married and is a keen sportsman with a special interest in golf and football.
John Bloxham Dip FSM
John joined MJR Financial Management in 2003 after 5 years with HSBC working as a Technical Adviser and in a Projects role. He is CEFA qualified (1, 2, and 3) and has also achieved the Diploma in Financial Services Management from the Chartered Institute of Bankers.
John is enthusiastic about travel and left the country for 10 months in 2001 to travel the globe. Highlights of his trip included camping in the Amazon Rainforest, hiking the Inca Trail in Peru, losing all of his belongings in New Zealand, New Years Eve in Sydney and getting lost (everywhere and often).
He is a keen but terrible golfer, plays Badminton regularly and will happily do a Bungee Jump or Skydive if given half a chance.
Tuesday, January 20, 2004
New Years Resolutions
Its that time of year again when we start making our plans for the coming year.
Have you thought of a New Years Resolution yet? Well, if you’re considering putting
your financial ‘house’ in order, heres a few suggestions……
Pensions
I will finally start a pension plan.
I will review my retirement plans.
I will finally make sure my partner starts a pension.
I will top up my pension.
I will make a carry back contribution before the 31st January deadline.
Protection
I will review my cover to make sure that it is sufficient and up to date.
I will no longer trust to luck and accept that I may get sick. I will get some cover.
I will check to see how well I am covered in case I have to be off work for a long time.
Mortgage
Its time I looked at my mortgage position and found a better deal.
Savings
I will think of what I want in the future and start saving to get there.
I will make sure my investments are making the best returns possible.
I will use my ISA allowance before the 5th April deadline.
Investment
Investments can take many forms but are generally categorised as either equity or fixed interest, growth or income, short term or long term, domestic or international etc. The types of investment chosen will depend upon its purpose and proposed duration. We understand that all clients have a different attitude to risk depending on their personal circumstances and preferences and also that the tax treatment of each product can be an important consideration. To make the best recommendation for the client we advise on all investment types including:
Enterprise Investment Schemes – Tax saving high risk schemes investing in smaller companies
Ethical Investments
Investment Bonds – Single Premium With Profit Life Policies
Investment Trusts – Buying shares in one company which invests directly into a portfolio of other investments
ISA’s (Individual Savings Accounts) – Tax free savings plans which can be used to invest in equities (either directly or through unit/investment trusts), into deposit accounts or with profits life policies
Offshore Investments
National Savings
PEP Transfers
Stocks and Shares
Unit Trusts – Buying units in a fund which is invested by professionals into a number of other investments spreading equity risk
Since we are completely impartial we select products from the entire market place and always take into account factors such as the economic outlook, tax implications, past performance, product charges, the fund managers’ investment style and, most importantly, the clients attitude to risk.
Investments can take many forms but are generally categorised as either equity or fixed interest, growth or income, short term or long term, domestic or international etc. The types of investment chosen will depend upon its purpose and proposed duration. We understand that all clients have a different attitude to risk depending on their personal circumstances and preferences and also that the tax treatment of each product can be an important consideration. To make the best recommendation for the client we advise on all investment types including:
Enterprise Investment Schemes – Tax saving high risk schemes investing in smaller companies
Ethical Investments
Investment Bonds – Single Premium With Profit Life Policies
Investment Trusts – Buying shares in one company which invests directly into a portfolio of other investments
ISA’s (Individual Savings Accounts) – Tax free savings plans which can be used to invest in equities (either directly or through unit/investment trusts), into deposit accounts or with profits life policies
Offshore Investments
National Savings
PEP Transfers
Stocks and Shares
Unit Trusts – Buying units in a fund which is invested by professionals into a number of other investments spreading equity risk
Since we are completely impartial we select products from the entire market place and always take into account factors such as the economic outlook, tax implications, past performance, product charges, the fund managers’ investment style and, most importantly, the clients attitude to risk.
WELCOME
MJR Financial Management is the independent financial advice arm of Leicester based Chartered Accountants and Business Advisers Mark J Rees.
Have you thought of a New Years Resolution yet? If not, Click Here for a few ideas.
A professional approach
Our aim is to plan for your needs and meet your financial objectives, not to arrange lots of policies. Our advice may be to take a course of action which in fact does not involve buying a product. We are financial planners - not product sales people - and we operate in such a way that we do not rely solely upon commissions from such products. Our number one aim is to give the best advice.
Independent Advice
We are truly independent and search for financial solutions that are suitable for you from the entire marketplace. We are not tied to any Bank, Investment, Pension or Insurance Company.
Holistic Planning
We take an “overview” of your entire position to ensure that we are working with consideration to all connected areas. We review the relationship between our clients’ personal and business finances to provide the right retirement, mortgage, investment, tax or insurance advice for you.
We would be pleased to meet with you for a free initial exploratory meeting at which we will talk about your thoughts and aims. We will then write to you with our recommendations providing you with an opportunity to reflect, without obligation.
MJR Financial Management is the independent financial advice arm of Leicester based Chartered Accountants and Business Advisers Mark J Rees.
Have you thought of a New Years Resolution yet? If not, Click Here for a few ideas.
A professional approach
Our aim is to plan for your needs and meet your financial objectives, not to arrange lots of policies. Our advice may be to take a course of action which in fact does not involve buying a product. We are financial planners - not product sales people - and we operate in such a way that we do not rely solely upon commissions from such products. Our number one aim is to give the best advice.
Independent Advice
We are truly independent and search for financial solutions that are suitable for you from the entire marketplace. We are not tied to any Bank, Investment, Pension or Insurance Company.
Holistic Planning
We take an “overview” of your entire position to ensure that we are working with consideration to all connected areas. We review the relationship between our clients’ personal and business finances to provide the right retirement, mortgage, investment, tax or insurance advice for you.
We would be pleased to meet with you for a free initial exploratory meeting at which we will talk about your thoughts and aims. We will then write to you with our recommendations providing you with an opportunity to reflect, without obligation.
ESTATE PLANNINg
What is Inheritance Tax?
Inheritance Tax is based on the value of your home and its contents, your savings and investments, and any other assets that you own in your name or jointly with others when you die. Assets passing to your spouse or to charity will be excluded. Qualifying business and agricultural property can also attract relief of up to 100%. Certain gifts that you may have made in the last seven years may be taken into account. Debts outstanding at the time of death will normally be deductible in determining the value of your taxable estate.
Inheritance Tax Planning & Advice
Without Inheritance Tax planning, many people can end up leaving a substantial tax liability on their death so that bequests can have a much lower value than anticipated. In some cases, the tax burden left on beneficiaries, particularly in respect of property, can result in the beneficiaries having to sell rather than retain the asset in order to meet the inheritance tax liability. Although transfers between husband and wife are tax free, such transfers really only postpone the tax liability because tax is payable on the estate of the surviving spouse.
Inheritance Tax is currently charged at 40% on the value of estates above £255,000. This figure can easily be reached when taking into account the value of property, life policies and savings. It is also worth bearing in mind that the value of some assets, particularly property, may have increased significantly since they were purchased.
Estate planning advice is given by our in-house Chartered Accountant David Richardson FCA ATII - a specialist in taxation.
MJR Financial Management specialises in providing solutions to minimise your Inheritance Tax liability.
What is Inheritance Tax?
Inheritance Tax is based on the value of your home and its contents, your savings and investments, and any other assets that you own in your name or jointly with others when you die. Assets passing to your spouse or to charity will be excluded. Qualifying business and agricultural property can also attract relief of up to 100%. Certain gifts that you may have made in the last seven years may be taken into account. Debts outstanding at the time of death will normally be deductible in determining the value of your taxable estate.
Inheritance Tax Planning & Advice
Without Inheritance Tax planning, many people can end up leaving a substantial tax liability on their death so that bequests can have a much lower value than anticipated. In some cases, the tax burden left on beneficiaries, particularly in respect of property, can result in the beneficiaries having to sell rather than retain the asset in order to meet the inheritance tax liability. Although transfers between husband and wife are tax free, such transfers really only postpone the tax liability because tax is payable on the estate of the surviving spouse.
Inheritance Tax is currently charged at 40% on the value of estates above £255,000. This figure can easily be reached when taking into account the value of property, life policies and savings. It is also worth bearing in mind that the value of some assets, particularly property, may have increased significantly since they were purchased.
Estate planning advice is given by our in-house Chartered Accountant David Richardson FCA ATII - a specialist in taxation.
MJR Financial Management specialises in providing solutions to minimise your Inheritance Tax liability.
Friday, January 16, 2004
For Mortgage, Investment, pensions, Insurance or tax planning contact MJR Financial Management for independent financial advice.
Monday, January 12, 2004
Friday, January 09, 2004
For great info on Financial advice in Leicester visit Here
On the 10th December 2003 the Inland Revenue and the Treasury published a long awaited consultation document on the simplification of pensions which contained a number of very interesting proposals. I outline a few of the more interesting ones!
• Pension Schemes will have much more investment freedom allowing them to invest in residential property, artworks etc.
• The previously proposed £1.4m lifetime limit will be reviewed by the National Audit Office before the government decides if it is to be implemented.
• Tax-free cash of up to 25% of the fund will be allowed regardless of the type of pension.
• No limit on employer or employee contributions but employee contributions will only receive tax relief up to 100% of earnings.
• New Income drawdown proposals mean the minimum amount taken can be as little as £1 per annum.
Whilst the governments’ original proposal to set a lifetime limit of £1.4m has still not been finalized the proposal to allow investment in residential property is a welcome move and one which we believe will be very popular. These proposals have not been finalized but if they go ahead will become effective on 6th April 2005.
Visit MJR Financial Management for more info
• Pension Schemes will have much more investment freedom allowing them to invest in residential property, artworks etc.
• The previously proposed £1.4m lifetime limit will be reviewed by the National Audit Office before the government decides if it is to be implemented.
• Tax-free cash of up to 25% of the fund will be allowed regardless of the type of pension.
• No limit on employer or employee contributions but employee contributions will only receive tax relief up to 100% of earnings.
• New Income drawdown proposals mean the minimum amount taken can be as little as £1 per annum.
Whilst the governments’ original proposal to set a lifetime limit of £1.4m has still not been finalized the proposal to allow investment in residential property is a welcome move and one which we believe will be very popular. These proposals have not been finalized but if they go ahead will become effective on 6th April 2005.
Visit MJR Financial Management for more info
