Lily And Emily Pass Personal Taxation Exam

Financial Advice Tamworth
Lily Jackson, Paraplanner

A huge well done from the whole team to Lily Jackson, Paraplanner and Emily Walker, Client Support, on passing their Personal Taxation examination.

Financial Advice Tamworth
Emily Walker, Client Support

The syllabus for this exam is all aspects of taxation, and is very detailed and in-depth covering income tax, capital gains tax, inheritance tax, national insurance contributions and the taxation of investments. This final aspect of the course is very demanding as taxation rules differ for different kinds of investments. Both agreed this level of knowledge will help them in their support roles helping our Financial Advisers who give financial advice in Tamworth and the wider Midlands area.

Lily said “What I found most challenging was the in depth nature of the study material. What we covered was in much greater depth than I would usually cover on a day-to-day basis as a Paraplanner.  I had a good understanding of taxation but this drilled down into much greater detail, and this particular exam has the highest failure rate, so I am really pleased to have passed.”

Emily said “What I found the most challenging was the very broad scope of the course and how tax is calculated and treated differently depending upon the client’s circumstances and the other investments they have. How the benefits of certain investments, should they have them, can link together and affect each other which can influence the tax calculations.”

We are delighted that Emily and Lily have passed their exams and they will be tackling Regulations & Ethics next as they work towards their Diploma in Professional Financial Advice.

Mark Banks Celebrates 5 Years Long Service

Financial Advisers Sutton Coldfield
Mark Banks, Paraplanner

It is with great pleasure that we recognise Mark Banks’ 5th anniversary of working at Four Oaks Financial Services.  Mark is a delight to work with and a very valuable member of our Paraplanning team.

Mark joined us in a junior administrative role five years ago which involved a lot of scanning of documents! Mark had the opportunity to move to our Paraplanning team, an opportunity that he seized.  He began in his own words as “as a very junior Paraplanner” preparing quotes for income protection and critical illness protection.

Owing to his hard work and dedication he was promoted to full Paraplanner status and is just one exam off obtaining his full Diploma in Financial Advice. This will mean he will be qualified to be a Financial Adviser if he so wishes.  However, at the moment Mark is enjoying being a Paraplanner.

Because of the training he has received whilst at Four Oaks Financial Services Mark is able to carry out the full range of Paraplanner duties such as research, suitability reports and liaising with our team of Financial Advisers who provide local financial advice in the Sutton Coldfield and wider area. On a daily basis Mark is working on Protection, Investments and Pensions for our clients.

The value of pensions and investments and the income they produce can fall as well as rise. You may get back less than you invested.

When asked what he would like as a gift in recognition of his 5 years’ service, Mark opted for a contribution towards “baby stuff” as he will be a new dad in September.

Congratulations on five years’ service Mark and thank you for the contribution you make at Four Oaks Financial Services.

Meet Olivia Our New Receptionist

Financial Advice Sutton Coldfield
Olivia Arnold, Receptionist

The next time you visit our offices or telephone us you will be greeted by our new receptionist, Olivia Arnold. Olivia joined us on 12th May and previously held customer service roles at the well-known fashion brand Fat Face working in their Grand Central Store in Birmingham, and before that at the food retailer, Waitrose.

The role of receptionist is a very important one, because this person is the first point of contact either in person or via the telephone for our clients. Olivia’s duties include greeting clients, directing phone calls to the right person or department, supporting our Financial Advisers who provide local financial advice in Sutton Coldfield and surrounding areas.  She will also be administering our Treating Customers Fairly feedback process, document scanning, ensuring that all public areas and meeting rooms are immaculate and ready for use and providing assistance to our Practice Manager, Lynsey Mason.

“I’ve been made to feel really welcome by the rest of the team. Everyone is so supportive, and I am enjoying working in such a professional environment.” Says Olivia.

In her spare time Olivia enjoys seeing friends, is a fan of superhero movies and the books and films of Harry Potter.

It’s magical to have you in our team, welcome to Four Oaks Financial Services, Olivia.

Sweltering Heat At Our 2nd Annual Golf Day

Financial Services Lichfield
The Winning Team At Our 2nd Annual Golf Day

We held our second annual golf day at the end of June at Aston Wood Golf Club and it was more than double the size of the inaugural event. We had 65 golfers from local, national and international businesses, existing clients and their guests.  They all teed off with a shotgun start at 12 noon.  Our Financial Advisers, who give expert local financial advice in Tamworth and wider area, kept the golfers amply supplied with water, beer, snacks and sun cream as they battled in the heat.

The winners of the team competition were led by joint captains Phil Dumbleton and Carl Bannister of Phil Dumbleton Carpentry & Joining and Accounted Four (Midlands) Limited. The individual winner was John Roberts and Aarran Beck won the Longest Drive.

The winners will hold the Four Oaks Financial Services golf trophy for 12 months, each player received a £30 voucher to spend at Aston Wood Golf Club and a lesson with the General Manager.

“What a contrast to a year ago.” Said Four Oaks Financial Services MD, Martin Ward. “Then we were hoping not to get drenched, and this year we were enduring the sun with temperatures soaring to over 30 degrees! We are delighted that so many of our existing clients and guests were able to attend, and we feel that our annual golf day is now established as an annual event involving everyone in our team.”

We’ve Potentially Saved Client £76,000 Inheritance Tax Bill

Inheritance Tax Sutton ColdfieldOur job as Financial Advisers is to help you get the returns you want from your savings and investments. It is also to reduce the amount your family will need to pay in Inheritance Tax when you pass away, and sometimes through effective planning your estate won’t need to pay any at all.

There is much more detail about how we have helped our client with her estate planning on our estate planning web page, but in a single sentence this is what we’ve been able to achieve. The client has enough income to live on, enough capital to fall back on and she has saved her children a potential Inheritance Tax bill of £76,000.

Planning for what happens to your money after you have passed away is complex, and always changing. For example only recently Chancellor of the Exchequer, Philip Hammond has written to the Office of Tax Simplification to put forward proposals “to ensure the system is fit for purpose”. This will include looking at the annual threshold for gifts. And over the past 3 years there have been changes that affect pension assets. So we recommend you seek professional expert advice from your Financial Adviser in Lichfield and surrounding areas on Inheritance Tax planning.

The value of pensions and investments and the income they produce can fall as well as rise. You may get back less than you invested.

Tax treatment varies according to individual circumstances and is subject to change.

Tax Planning and Auto Enrolment is not regulated by the Financial Conduct Authority.

Estate planning is not regulated by the Financial Conduct Authority.

Hopes And Dreams Don’t Have To Be Wishful Thinking

As financial advisers you expect us to deal in facts and Financial Planning Sutton Coldfieldfigures, which is correct. But we believe that the facts and figures are the means to achieving your hopes and dreams.  After all, what are you working for?  What is the point of accumulating money and wealth for the sake of it?  We are actually in the business of helping our clients to achieve their hopes and dreams.  Whether this is to move to your dream home, be mortgage free, work less or retire early.

How we achieve this is through the knowledge and experience of our financial advisers in Sutton Coldfield and the greater Birmingham area, and through the use of exceptional industry leading software. The software we use creates visual images of your current circumstances and financial future.  The graphs are easy to understand and when you have a meeting with your financial adviser you can play out ‘what if’ scenarios in real-time and there and then see how this changes your plan.

For more information please visit our Lifestyle Financial Planning page, or contact our Client Liaison Team to make an appointment. Our initial meeting with you is at our cost and together we will quickly establish whether you want to embark upon making your hopes and dreams a reality.

The value of pensions and investments and the income they produce can fall as well as rise. You may get back less than you invested.

Your home may be repossessed if you do not keep up repayments on the mortgage.

Physical Pain, Endurance and Raising Money For Charity

L-R Martin Ward, MD and David Jones, Financial Adviser

The leader and organiser of The Long Walk Home, Mark Tonks has described the efforts of the walkers, including our own Managing Director, Martin Ward and Financial Adviser, David Jones as “Absolutely heroic”.

The 40 miles in one day walk for charity took place on Sunday 6th May and whilst this is difficult enough, this year the blistering heat of record temperatures for the early May Bank Holiday, soon made the walk into a mission for survival!  Martin and David walked for 11 hours non-stop, achieving the distance of 40 miles.  About a mile from the end Martin’s hands had swelled to three times their normal size, and David, who is a member of the Army Reserve, was helping to treat people for blisters and painful feet.

“The banter kept us going,” says Four Oaks MD, Martin Ward “But it was very hot which really slowed everyone down. The support-team kept having to go and get more water to help us keep going!  We are bruised and blistered, but delighted to be part of the 50+ group of walkers that have raised £10,000 for charity with more donations and sponsorship still to come in.”

The Long Walk Home is raising money for the Buddy Bag Foundation and Footsteps Counselling and Support. Buddy Bag Foundation is also Four Oaks Financial Services chosen charity.

If you would like to donate to these two very worthy causes please follow this link

By clicking on the above link, you are now departing from the regulatory site Four Oaks Financial Services Limited. Neither Four Oaks Financial Services Limited nor Intrinsic are responsible for the accuracy of the information contained within the site.

Congratulations To Yomi On The Birth Of His New Son

Financial Adviser Sutton Coldfield
L – R Martin Ward, Lisa Arnold, Yomi Bashorun & Tobi, Ian Cleghorn, Simon Trevelyan

Financial Adviser, Yomi Bashorun has recently become a father for the first time. His son Oluwatobi, Tobi for short, is almost a month old, he had a water birth and weighed in at a healthy 7.7lbs.  Yomi’s wife is fine and there were no complications.

One month on Yomi said he was warned about the amount of work and lack of sleep that comes with the birth of a baby, he thought he was prepared, but it has still been a bit of a shock! After being present at the birth he also now has a new found respect for women and what they go through! Already Yomi can’t imagine life without Tobi and is sure he will be an avid Manchester United fan, just like his dad.

Charlotte Trueman Promoted To Head Of Client Support

Financial Adviser Lichfield
Charlotte Trueman Promoted to Head of Client Support

We are delighted to announce that with immediate effect Charlotte Trueman has been promoted to the position of Head of Client Support. Charlotte joined Four Oaks Financial Services in July 2017 and has been an extremely valuable member of our Client Support team.

Charlotte has a law degree and was previously the manager at an insurance company for 13 years. She is studying for her professional finance qualifications in our in-house training academy, with her next examination being on Taxation.

“I have a very personable approach to management,” says Charlotte. “In the role of Head of Client Support I will be using my managerial experience and knowledge to help the whole team to improve their knowledge and learn new skills.  This will enable everyone to handle all aspects of the wide variety of work that we undertake in support of the Financial Advisers and our clients.”

It is Charlotte’s intention to become a fully qualified Financial Adviser at some point in the future, and she sees this opportunity to learn all about the administrative and client support-side of financial planning as a tremendous opportunity.

As Head of Client Support, Charlotte has also become a member of our senior management team, and she is also looking forward to learning more about the business aspects of running a successful growing practice that supports our Financial Advisers in Lichfield and the wider area.

Remortgaging Is At Record Levels

Mortgages LichfieldData recently published by the Council of Mortgage Lenders (now part of UK Finance) says that remortgaging was at record levels during 2017 and in October alone 41,000 borrowers found a new mortgage deal. This trend is set to continue into 2018.

So what does this mean? It could indicate that more people are not moving house.  But these figures could also indicate that people are more aware that a mortgage doesn’t have to stay the same from the time you take it out, to the time you move or pay off the mortgage.

Having a mortgage review every 2 years gives mortgage borrowers peace of mind that they are not paying too much for their mortgage. On the other hand, a review could show that money could be saved by remortgaging.

Your home may be repossessed if you do not keep up repayments on the mortgage.

At Four Oaks Financial Services, our initial consultation is at our cost and we can quickly establish whether it is worth you considering switching your mortgage. Contact your qualified Adviser or our Client Liaison Team to make an appointment.