Wealthtime Private Client Service. Questions and Answers.

Wealthtime Private Client Service.

What is the Wealthtime Private Client Service and what can it be used for?

The Wealthtime Private Client Service enables you to put your wealth together, allowing you access to information efficiently and facilitates saving and investing for your future.

Is the Wealthtime Private Client Service appropriate for me?

Your financial adviser can advise you on whether the Wealthtime Private Client Service is appropriate for you. If you are considering applying for the Wealthtime Private Client Service without seeking advice you should be satisfied that you have a sufficiently detailed understanding of investments and pensions to make sound decisions. An appropriate level of knowledge is most likely to have been acquired as a result of either your current or past profession or from experience gained over many years of undertaking complex financial transactions on your own behalf. We do not normally accept applications where the individual has no financial adviser.

Am I eligible for the Wealthtime Private Client Service?

You need to be aged 18 and resident in the UK.

Do I need a minimum investment to set up the Wealthtime Private Client Service?

There is no minimum amount required to set up the Wealthtime Private Client Service but individual investment products may have their own minimum.

What Products are available in the Wealthtime Private Client Service?

You will have access to a wide range of Products including a Self Invested Personal Pension (commonly known as a SIPP), a Personal Investment Portfolio (PIP), an Individual Savings Account (ISA) and an Offshore Bond. Some of these Products have tax advantages. Please refer to your FInancial Adviser for more information.

What is a Self Invested Personal Pension (SIPP)?

A Self Invested Personal Pension is a pensions vehicle for individuals that enables you to provide for retirement by saving and investing in a tax efficient way.

What is a Personal Investment Portfolio (PIP)?

This is a service where you can hold a wide variety of personal savings and investments. There are normally no tax advantages to such investments.

What is an Individual Savings Account (ISA)?

An ISA is an Individual Savings Account where you can hold your savings and investments in a tax efficient environment. Wealthtime offers a Stocks and Shares ISA not a cash ISA, Help to Buy ISA or Innovative Finance ISA.

What is an Offshore Bond?

An Offshore Bond is an insurance product where you can hold your savings and investments offshore in a tax efficient environment.

How much can I contribute to the SIPP?

This will depend on your residency. For example, if you are a UK resident you will be able to have tax relief on the higher of £3,600 or 100% of earnings subject to an Annual Allowance.

More details can be found in the SIPP Key Features held within the Literature Library.

How much can I subscribe to a Stocks and Shares ISA?

If you are a UK resident you will be able to subscribe up to £20,000 in the 2017/2018 tax year into your Stocks and Shares ISA.

How much can I pay into a Personal Investment Portfolio?

There is no limit. You can hold as much as you like in the Personal Investment Portfolio.

How much can I pay into an Offshore Bond?

There is normally no upper limit. You can hold as much as you like in an Offshore Bond but individual providers may have minimum and maximum investment requirements.

Can I take a tax free cash sum from my SIPP?

You can normally take a tax free cash sum (which is called a pension commencement lump sum) as early as your 55th birthday and you do not need to retire to choose this option. This tax free cash sum is normally 25% of your SIPP fund value.

Can I take an income from my SIPP?

You can normally start to take an income (known as drawdown) from the SIPP as early as your 55th birthday and you do not need to retire to choose this option.

Can I take an income from my Personal Investment Portfolio?

Yes.

Can I take an income from my ISA?

Yes and this will be treated as a withdrawal.

Can I take an income from my Offshore Bond?

Yes withdrawals up to 5% p.a. are normally free of immediate tax liability.

How do I find out more about the Products available?

You should find all the information you need within the Literature Library.

Alternatively, you can Contact Us for more information.

How do I find out more about the Investments available?

You should find all the information you need within the Literature Library/Permitted Investment List.

Alternatively, you can Contact Us for more information.

What if I have investments that cannot be included in the Products such as my house?

Any investment not included in the Products can be listed on a Notepad facility within Wealthtime Online. The Notepad is an online facility where you can make a note of those investments not administered through the Wealthtime Private Client Service. Items such as your house, your jewellery, artwork and vintage cars are examples. The value of these items together with those administered by Wealthtime can give you a total picture of your wealth.

What is the fee structure?

Please contact Wealthtime or your Financial Adviser for the latest Wealthtime Fee Schedule.

Are there any hidden fees?

Wealthtime has no hidden fees and receives no payment from any third party for the service we provide to you.

Are there any discounts on my fund purchases?

Yes, if you purchase your funds through the Wealthtime Private Client Service the fund managers may have discounts on their initial fees.

Does Wealthtime offer advice?

No. You should contact your Financial Adviser for this.

Do I need a Financial Adviser to take out the Wealthtime Private Client Service?

You will normally need a Financial Adviser to use this service.

What interest will I get on my bank account?

If you take out a Product with Wealthtime your Product bank account would currently receive interest of 0.25% below base rate. Interest rates are subject to variation. Interest is credited quarterly.

How do I make a complaint?

Details for how to make a complaint can be found in the Complaints Procedure Leaflet. Alternatively, you may use the Online Dispute Resolution Platform set up by the European Commission.

The Wealthtime Private Client Service is administered by Wealthtime Limited, which is authorised and regulated by the Financial Conduct Authority.
Wealthtime recommends that before making a decision regarding this service and the investments you should contact your Financial Adviser.

Wealthtime Limited, The Oak House, Barford Lane, Downton, Salisbury, Wiltshire SP5 3QA T: 01725 512925 E: admin@wealthtime.co.uk

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