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info@woodlandscareplanning.co.uk

Change Our Peace of Mind to Your Peace of Mind is our Priority.

 

What they say about us to What our clients say

 

Care Planning change to Care Planning options

 

Woodlands Care Planning trading name change to Woodlands Care Planning is a trading name

 

Lisa will add a paragraph on my experience which I will forward shortly.

 

 

Your peace of mind is our priority

 

Woodlands offer independent financial advice, specialising
in long term care funding and inheritance tax planning.

 

Woodlands Care Planning is a trading name of
Paul Murray Investments Ltd

 

How can we help you?

 

Care Planning

 

Currently there are over 433,000 people in residential care within the UK and with this figure set to increase to 750,000 by 2031 the issue of how to pay this Care needs to be addressed urgently. (1)

 

Now more than ever, what is needed is not simply a well-qualified financial adviser but somebody who you feel you can rely upon. The complexities of the many decisions you or your family may need to face will need careful and
considered advice.

 

Our aim is to start a conversation with you, to assess and understand you or your parent’s needs
and circumstances, in order to tailor a solution that will assure peace of mind to all the family.

 

(1) Source: Laing & Buisson Care of Elderly People Report 2014/2015

 

 

Inheritance Tax

 

Protecting your estate is ultimately about securing more of your wealth for your loved ones and planning for what will happen after your death to make the lives of your loved ones much easier.

 

 Help safeguard your family paying too much inheritance tax (IHT). You’ve spent years building a better life for your family but your assets could be at risk. Without a proper plan IHT could take up to 40% of your estate. At Woodlands you’ll learn proven strategies to help minimise IHT and protect what you’ve earned. This is your chance to learn what the tax man doesn’t want you to know.

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Meet the Team

Paul Murray

Financial Planner
and Stock Broker

Lisa Murray

Company Secretary

Darcy Belle

Events & Campaign Executive

James Sillence

Financial Administrator

 

What our clients say about us

Types of Care Planning

Residential Care Home

Domiciliary Care

Extra Care

Housing

Informal Care

Nursing Homes

Residential care home: Public or private homes that don’t provide health care. They provide personal care- washing, dressing, help at meal times and with using the lavatory.

Domiciliary care: Also called live-in care, it means that a carer will come to the person’s home to provide assistance with their daily needs.

Sheltered/Extra Care Housing: Gives older people the independence of having their own flat with the security of having an alarm system and a warden. It is possible to find sheltered housing to rent or to buy.

Informal care: The person is being cared for informally by a relative, friend or neighbour.

Nursing homes: Private institutions providing residential accommodation with health care, especially for elderly people. They are suitable for people with more complex needs and those who need regular nursing interventions.

To explore your options request a callback below

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Financial Options for Care Planning

 

Funding through the property:

 

Equity release which includes Lifetime mortgages and home reversion plans lets you access the cash tied up in your home if you are over the age of 55. You can take the money you release as a lump sum or, in several smaller amounts or as a combination of both

 

Deferred Payment Agreement: This involves the local authority paying any care fees shortfall, the LA agrees to pay but will place a change against the property and this is subject to an individuals eligibility

 

Renting the property: This could be done as a stand alone option or in conjunction with a deferred payment agreement so that it then contributes an income towards the overall cost of care.

 

Cash and investments: Keep money in the bank and draw money to meet the surplus cost or invest in a well-diversified portfolio of Cash, property, Equities, Bonds and Commodities.

 

Immediate care plans: In exchange for a single lump sum, Immediate care plans pay an agreed tax-free amount at regular intervals, directly to the care provider, for the rest of the person’s life.

 

Care Calculator

*Calculator for illustrative purposes only

Inheritance Tax

Making a
Will

Power of
Attorney

Utilising
Exemptions

Tax and
Trust Planning

Life
Insurance

Investment

Choice

 

Making a Will - By making a Will, you are detailing what you want to happen to your assets after you die.

“Studies suggest that between half and two thirds of the adult population do not have a Will and that those
who need one most are the least likely to have made one.”(1) Are you one of them or does your will require updating?

 

(1) Source Law Commission website.

 

 

Power of Attorney - The mental capacity act sets out a legal test to decide weather somebody lacks the mental capacity to make a particular decision or express their views. People who hold power of attorney must apply the principals around mental capacity when making decision on the other persons behalf

 

 

Utilising Exemptions - Moving ownership of assets to your spouse or registered civil partner may help reduce the IHT liability on your estate. However, don’t forget that this can cause an increased IHT liability when they die. There are also exemptions if you make a donation to a charity

 

 

Tax and Trust Planning -The right structures can protect assets and give your family lasting benefits.
A trust can be used to reduce how much IHT your estate will have to pay on your death

 

 

Life Insurance - Taking out a life insurance policy written under an appropriate trust could be used towards paying any IHT liability

 

 

Investments* - There are many different types of Investments that can be used to generate care funding income and tax efficient wrappers for Inheritance tax planning. These range from bonds to shares and include pension drawdown. However the products or funds that potentially generate the highest income are those with the highest risk attached
to them and therefore have to be considered within our clients attitude to risk and capacity for loss.


As the provision for care funding is important most people take a balanced approach to investments as the risk of the funds failing to generate the appropriate level of income is greater than the need to speculate for growth. Likewise there are investment choices which are more suitable within Trust and Power of Attorney arrangements and require careful consideration as part of our clients Inheritance Tax Planning.


*Your investment may fall as well as rise and you may not get back what you put in.

 

 

Making Gifts

 

If you can afford to make gifts during your lifetime, this will also reduce the value
of your estate, and so your ultimate IHT liability.

 

Whether you want to provide for the next generation or leave a charitable legacy

when you die, or you simply want to minimise an IHT bill, the sooner you start

thinking about this the more you can do.

For more information on Will planning and Lasting Power of Attorney please request a call

REQUEST A CALL

Don't lose a life's work to the Tax Man

 

For more information please request a call

FIND OUT HOW

Contact us

Woodlands, Closewood Road, Denmead, PO7 6JD

© 2017 Paul Murray Investments

 

 

Decisions should not be taken based solely on the content of the website and individual advice should be sought first. Regulations, levels and bases of taxation are subject to change and individual circumstances. The information contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK. Although the Woodlands Care Planning website has been checked for viruses and malware prior to uploading, it is advised that you run your own software regularly due to the content of the Internet. We accept no responsibility for the accuracy or content of external websites. The firm is not responsible for the content of external links. Woodland Care Planning is a trading style of Paul Murray Investments Ltd which is authorised and regulated by the Financial Conduct Authority. The Financial Conduct Authority does not regulate some aspects of Trust or Inheritance Tax Planning. The Financial Conduct Authority does not regulate Tax Planning, Cash Flow Planning, Wills, Trusts, Power Of Attorney, some forms of stockbroking and some forms of Auto Enrolment. Financial Conduct Authority number 604181. Registered office: 108 Marmion Road, Southsea, Hampshire, PO5 2BB. Registered in England and Wales, Company no 7077620.

 

The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services businesses aren't
able to resolve themselves. To contact the Financial Ombudsman Service please visit www.financial-ombudsman.org.uk

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