July 2019 Newsletter

Delaunay July Newsletter

Welcome to our July Newsletter. In this edition we share a range of useful articles and resources to help you manage and plan your personal finances, such as:

  • Travel Money: the best foreign exchange rates
  • Pensions: why self-employed people should mind the gap
  • The financial impact of divorce
  • Income Tax Calculator

From pensions and tax efficient investments through to protecting your assets – if you would like bespoke advise on how best to manage your business or personal finances, we’d love to talk to you.

Read the full newsletter here.

* Not all areas of estate planning or tax planning are regulated by the Financial Conduct Authority. Tax treatment depends on individual circumstances. Both your circumstances and tax rules may be subject to change in the future.

Disclaimer: The Information included in this email is reserved to named addressee’s eyes only. Delaunay Wealth Management Ltd is not responsible for the content of third party sources.

The Financial Impact of Divorce

Divorce can be an emotionally stressful time of life. Even if there are no children or dependants involved, the allocation of assets after divorce is often an area of disagreement and can turn the best of relationships sour. As a general rule, the more details both parties can agree to between themselves, the better.

DIY Divorces

It is possible in England and Wales to get a legally enforceable divorce, from as little as £100. If divorcees want to minimise the cost of a divorce without involving a solicitor, then it is possible to get a consent order. A consent order details a financial agreement between the two divorcees which is legally enforceable. If couples create a written financial legal agreement without a consent order it is not 100% legally enforceable and sometimes results in a claim against a former partner.

Complex divorces

Even if both individuals have parted on good terms, getting professional advice from a solicitor, mediator or financial adviser is recommended when your financial situation is more complex. This could include owning a business or one person being financially dependent on the other person.

There is no hard and fast rule about how assets will be split following a divorce. Should it be impossible to reach an agreement, these are the factors that a court would look at:

  • Current income and earning capacity, property and other financial resources that each spouse has or is likely to have in the foreseeable future.
  • The financial needs, obligations and responsibilities, which each spouse has or is likely to have in the foreseeable future.
  • The standard of living enjoyed by the family before the breakdown of the marriage.
  • The ages of each spouse and the duration of the marriage.
  • Any physical or mental disability of either spouse.
  • The contributions that each spouse has made or is likely to make in the future to the welfare of the family.
  • The conduct of each spouse, if that conduct is such that it would be unfair to disregard in the opinion of the Court.
  • The value to each spouse of any benefit that one spouse would lose because of the divorce.

As financial planners, we can advise on issues such as how to divide the assets in the most tax-efficient way and how to best invest the proceeds of divorce. Contact our team on mail@delaunaywealth.com or +44 (0)345 505 3500.

What is inheritance tax planning and how can you reduce it?

Inheritance tax or IHT is paid on everything of value that you own when you pass away.

It includes: Your property (including any overseas property), any land, savings and investments, cars, jewellery and any art. When you pass away anything you own is called your estate, and all of it will be subject to IHT unless you leave your estate to your spouse or civil partner. The current IHT threshold is £325,000 which has been frozen until the 2020/2021 tax year is complete. IHT bills can often be expensive and can be minimised by effective legal IHT planning, follow the tips below to plan your estate and reduce your IHT bill.

Write a Will

Before you even start estate planning it’s vital that you have an up to date will. Creating a will is one of the most important ways to ensure your estate is given to the intended recipients. It’s also important to keep your will updated. Older wills will hold assets in trust which you could lose out on if your will isn’t kept updated. It’s important to seek legal advice when writing a will as an expert will be able to provide you with up to date support and will also be able to help you with the best option for your estate.


Lifetime Gifts

Most individuals wait until death to share their wealth, when in fact sharing your wealth before death may be more tax efficient. Lifetime gifts are exempt from IHT and allow you to see the benefit of your lifetime gift to the recipient while you’re alive. Lifetime gifts as following are exempt from IHT.

  • Every year you can give away £3,000 in total as lifetime gifts.
  • You can donate £250 to any number of individuals.
  • You can donate extra for wedding gifts. Parents = £5000, grandparents = £2500 and anyone else £1000.
  • Donations of any amount to charities

It’s also possible to reduce the amount of IHT you pay on certain goods by giving a lifetime gift. See the table below or details of IHT reductions from lifetime gifts.

Number of years between gift and death Tax % paid
0 – 3 Years 40%
3 – 4 Years 32%
4 – 5 Years 24%
5 – 6 Years 16%
6 – 7 Years 8%
7 + Years 0%



Pensions are a great way to avoid paying IHT altogether, and in the worst circumstance, a beneficiary will only pay income tax rates. Funds left in a pension will be given to a beneficiary stated in the will, but the final amount they will receive depends on your age. If you are below 75, they will receive the full pension amount. If you pass away over 75 then the beneficiary will pay their standard income tax on the amount.


If you need help on IHT planning, get in contact with us below or email us at mail@delaunaywealth.com or call us on +44 (0)345 505 3500.


Disclaimer: Not all areas of Estate Planning or tax planning are regulated by the Financial Conduct Authority. Tax treatment depends on individual circumstances.  Both your circumstances and tax rules may be subject to change in the future.

April 2019 Newsletter

Welcome to our April Newsletter. With the end of the tax year done and dusted, we are now looking forward to longer and sunny spring days. Please see below for a link to a summary of some of the changes to tax and personal allowances that may affect you.

At this time of year many of our clients look at Inheritance Tax Planning and Estate Planning*, so we have collated some useful resources to consider below.

With Brexit uncertainty ongoing and currently no end in sight, you might wonder how Brexit will affect your finances. Whilst there is no definitive answer to this question, the below article provides some useful ideas.

If you would like bespoke advice on how best to manage your finances, we’d love to talk to you.

View the full newsletter here.

This issue includes:

New tax year 2019/2020: Tax and personal allowance changes

How will Brexit affect your bills?

Couples able to pass on £950,000 tax-free as inheritance threshold to rise

Wills and Estate Planning


* Not all areas of estate planning or tax planning are regulated by the Financial Conduct Authority. Tax treatment depends on individual circumstances. Both your circumstances and tax rules may be subject to change in the future.

Beat the Pension tax relief cut!


Time is fast running out for higher earners to maximise their pensions savings as the Government prepares to slash the generous 45% tax relief available.

From next April many additional rate taxpayers – those who pay income tax at 45% – will only receive full relief on annual contributions of up to £10,000, compared to the £40,000 they currently enjoy.

If investors are affected they need to act now to take full advantage of pension tax relief as this is a case of “use it or lose it”!

Please read our article on how this may affect investors in the link below:

Beat the Pension tax relief cut >

The new pension regimes are highly complex, so it is vital to get expert advice tailored to your situation.

If you would like to talk about pension options please do get in touch.  We can help you make sense of the pension changes and advise how best to make the most of the opportunities available.







Advised investors are “happiest with their investment performance”


Are you aware of the good work we are doing through our successful Model Portfolio Service?

Past experience has shown us that many clients are unclear on how their investments and pension portfolio’s are performing, the risk being taken and the charges that are applied.

We are therefore offering clients a no obligation, value for money analysis where we will provide an overview of their investment portfolio, health check on charges and an assessment of risk.

We believe that by ensuring the investments are set up to meet clients objectives, by moderating risk through effective asset allocation and the underlying assets and funds are proactively managed for suitability, this will help maintain their financial goals.

It has been proven that investors who take professional financial advice are generally happier with their investments’ performance and have more confidence they’ll meet their financial goals, according to findings published in a recent study. 

The following links will provide you with useful information on our Model Portfolio Service:

Model Portfolio Service approach >

Delaunay Wealth Management Model portfolio service fund factsheets >

Global Market Outlook from LAM as of July 2015 >

We trust you find this useful and please do get in touch if you would like to discuss our services further.



Tax relief on pensions is vunerable for high earners!

Following the Conservatives election pledge to limit tax relief on pension contributions for high earners, it is widely anticipated that a new policy will be announced during the ‘emergency budget’ next week and possibly even become effective on the 8th July.

The proposal could see the reduction of the annual pension allowance from £40,000 to £10,000 on a sliding scale for those earning between £150,000 and £210,000.

If investors are considering maximising their pension contributions for the current tax year, they may want to consider bringing forward any contributions to ensure that they do not suffer from any changes imposed.

It’s also worth remembering that the carry forward rules can be utilised to further enhance contributions before the 8th July.

If you would like to talk about pension options please do get in touch. We can help you make sense of the pension changes and advise how best to make the most of the opportunities available.




The most radical changes to Pensions in almost a century….


As you’ll probably be aware, last year George Osborne announced radical changes to pensions. It was described as “the most far-reaching reform to the taxation of pensions since the regime was introduced in 1921”.

So what does this mean? From April 2015, the rules with how investors can take money from their pension arrangements changed. From age 55 there is more flexibility than ever before around how they can take their pension.

These freedoms may sound very appealing and indeed they do give investors greater flexibility to access their retirement fund when they want to – perhaps taking a lump sum to repay debts, or for a special occasion such as a holiday, family celebration or helping grandchildren or children financially – but they should remember that they need to consider their future income needs.

To find out more please click through to our article on the changes:

The most radical changes to Pensions in almost a century>

If you would like to talk about pension options please do get in touch. We can help you make sense of the pension changes and advise how investors could make the most of the opportunities open to them to make more of their money – both now and in the run up to their retirement.


Why wait?

The new ISA subscription limit for 2015/16 is set at £15,240. But why wait until the end of the tax year to top up?

ISA’s remain a valuable tax efficient savings vehicle that can be used to supplement retirement income or even fund school fees if investors chose to maximise their children’s Junior ISA allowances as well.

In the attached article we summarise last years changes and we look at:

  • Why wait until April 2016?
  • The benefits of Bed ‘n’ ISA
  • New rules on death
  • The dangers of running to cash

Click here to read >

Please do get in touch if you would like to discuss the above or require further advice..

Use it or lose it!

As the end of tax year (5th April) fast approaches, what better time for you to look at your financial plans and make sure that you have taken advantage of the allowances that are available to you.

Summarised below are various investments options> to consider, however, this is not an exhaustive list. If you are interested in knowing more about the following or how we could help you review your financial plans, please get in touch> :

Individual Savings Accounts>

Since 1st July 2014 Cash ISA’s and Stocks and Shares ISA’s were merged in to one single ISA. The limit you can invest in to an ISA is £15,000. If you haven’t used your allowance for this tax year you must do it by 5th April – use it or lose it!


There is a limit to how much can be contributed to a pension and still receive tax relief. If you’ve not used this allowance in the last three years, this may be used as well.

Capital Gains Tax>

You will have to pay Capital gains Tax when you sell (or dispose of) an asset that has increased in value. Examples of this could be shares or on sale of a second home. The allowance this tax year is £11,000, meaning if the gain is over this amount it may be subject to tax. As well as this allowance there are additional reliefs that you may be able to use – We will be happy to discuss these with you.

Inheritance Tax>

You may be aware that the current Inheritance Tax threshold is £325,000 and if the value of your estate exceeds this limit your estate could be subject to a tax bill. The good news is that it’s possible to minimise this with some careful tax planning.

Tax Efficient Investments>

For clients with the appropriate risk profile and experience, the following investments maybe also suitable:

Please click on the following link to view our due diligence process> when selecting appropriate investments for our clients. At Delaunay we devote significant resource to completing thorough checks, both at promoter and investment level, to ensure that our clients make investments that deliver on their objectives.

Our latest summary of tax efficient investments where due diligence is complete is available on demand, please do get in touch> as soon as possible if you would like to discuss the above or require further advice..

Delaunay Wealth Management Limited is authorised and regulated by the Financial Conduct Authority (806635). Registered in the UK at: Wey Court West, Union Road, Farnham, Surrey, GU9 7PT. Company Registration Number: 08107472 The Financial Conduct Authority does not regulate taxation and trust advice and employee benefits.

Should you have cause to complain, and you are not satisfied with our response to your complaint, you may be able to refer it to the Financial Ombudsman Service, which can be contacted as follows: The Financial Ombudsman Service, Exchange Tower, London, E14 9SR www.financial-ombudsman.org.uk

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