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Financial Services at McSherry Halliday

Financial Services

Your Finance. Our Profession.

McSherry Halliday recognise the importance of giving appropriate consideration to your current and future financial position. This has never been more important than in the current economic environment. Also with life expectancy increasing it is essential to give attention to retirement planning which was recently highlighted by the Government's dramatic changes to the retirement options available, provided for in the last Budget.

As Independent Financial Advisers we are qualified to provide financial planning advice across all areas of financial services. However unlike most financial services firms we are also Solicitors and our advice is comprehensive, taking in legal and tax issues, and not just focussed on selling products.

We offer a "whole of market" service which allows us to consider impartially, the options from all of the relevant companies available and recommend the most suitable course of action tailored to your objectives and goals.

McSherry Halliday offer advice in the following areas:-

In advance of carrying out any work we will discuss your objectives and establish your requirements by assessing your current position. This initial consultation is at our expense. After the initial meeting we will advise you how we can assist and provide you with a detailed breakdown of the costs involved. At this stage you can decide whether you wish to proceed and a course of action can be agreed.

There will never be any hidden costs or expenses and we can review your arrangements on a regular basis as required. Through our Wealth Management Service we can also offer real time access to your Investment and Pension Plans which allow you to monitor and review the performance at your own convenience.

To discuss how McSherry Halliday can help with your financial planning requirements, please contact Alan Hewitt on 01563 533121 or e-mail finance@mcsherryhalliday.co.uk

McSherry Halliday is authorised and regulated by the Financial Conduct Authority (FCA). Our FCA registration number is 113475.

Investments

McSherry Halliday can advise on the full range of Investments available, from New Individual Savings Accounts (NISA’s), to Investment Bonds, Unit Trusts and Open-Ended Investment Companies (OEIC’s).

Each type of Investment has its own unique structure, tax treatment and implications for the investor.

Our first objective is to understand your own personal Investment goals, whether this is to provide income, obtain capital growth, or a combination of both. We also identify the purpose of the Investment and whether there are specific targets you wish to achieve.

We can also review any existing Investment you may have as a stand alone process or when further Investment is being made we would take these into account when assessing your current and future requirements.

Each type of Investment carries a degree of risk. We establish the level of risk that you are prepared to accept and the period for which you wish to invest.

Investments also need to be reviewed on a regular basis and we can provide a regular review service which would be based on your requirements and the requirements of the Investment strategy put in place.

As Independent Financial Advisers we offer a fee-based service. This fee is dependent on the work carried out on your behalf and level of the investment you wish to make. The first no obligation meeting is at our expense and thereafter we will advise on the specific costs of the services we would offer to address your Investment requirements.

Contact Alan Hewitt to arrange your first meeting free of charge. Call 01563 533121 or email finance@mcsherryhalliday.co.uk

Savings

McSherry Halliday can advise on the full range of savings products available from deposit accounts, New Individual Savings Accounts (NISAs), Unit Trusts and Open-Ended Investment Companies (OEICs).

Our first objective is to understand your savings goals, whether this is to save for a specific purpose such as weddings, school fees, holidays or retirement planning.

We can also review any existing savings you may have to ascertain whether they are on track to meet your savings goals.

Each type of savings product carries a degree of risk. We establish the level of risk that you are prepared to accept in the period for which you wish to save for.

As Independent Financial Advisers, we offer a fee-based service. This fee is dependent on the work carried out on your behalf and the complexity of the savings arrangements you wish to make. The first, no obligation meeting is at our expense and thereafter we will advise on the specific costs of the services we would offer to address your Investment requirements.

Contact Alan Hewitt to arrange your first meeting free of charge. Call 01563 533121 or email finance@mcsherryhalliday.co.uk

Pensions

The aim of a pension plan is to provide financial security in retirement. It is considered good public policy to encourage individuals to save into a private pension rather than rely on the State arrangements. A pension fund that is built up over your working life will receive special tax relief.

In order that we can assess your pension requirements, McSherry Halliday will conduct an audit of any existing arrangements you may have in place. We also assess the level of pension that these arrangements might expect to provide you with at retirement and highlight whether there is any gap between the income you want and the sum that you are likely to receive. McSherry Halliday are able to assist you in closing that gap.

The funds where your pension is invested will carry a degree of risk. We establish the level of risk that you are prepared to accept, taking into account your expected retirement age.

As Independent Financial Advisers, we deal with all of the major pension providers. We are therefore in a position to secure the most suitable and competitively priced options for your individual circumstances.

There are a significant number of options available and prudent financial planning in this area is essential to ensure that you are in a position to retire with sufficient income to fund your lifestyle in retirement.

As Independent Financial Advisers, we offer a fee based service. This fee is dependent on the work carried out on your behalf and the complexity of the pension arrangements you wish to make. The first, no obligation meeting is at our expense and thereafter we will advise on the specific cost of the services we would offer to address your pension requirements.

Contact Alan Hewitt to arrange your first meeting free of charge. Call 01563 533121 or email finance@mcsherryhalliday.co.uk

Group Pensions

McSherry Halliday are able to offer advice on setting up a Group Pension Plan. We are also in a position to review your existing Group Pension arrangements and confirm whether these meet the new auto enrolment requirements.

We can meet with individual employees to provide them with bespoke advice or indeed provide group meetings to advise on scheme benefits and to encourage employees to contribute.

We would also meet with any new prospective employees wishing to join the scheme and also provide existing members with annual reviews to ensure that their retirement planning is on track.

As Independent Financial Advisers, we offer a fee based service. This fee is dependent on the work carried out on your behalf. The first, no obligation meeting is at our expense and thereafter we will advise on the specific cost of the services we would offer to address your requirements.

Contact Alan Hewitt to arrange your first meeting free of charge. Call 01563 533121 or email finance@mcsherryhalliday.co.uk

Auto Enrolment

New employer pension duties under pension reform have brought into focus the need to provide suitable, affordable and sustainable workplace pensions. For some, this has resulted in an urgent need to restructure their existing schemes, even those put in place relatively recently to make them fit for purpose.

Other employers are seeing this as an opportunity to make efficiency gains by rationalising legacy schemes into a new robust, future proofed workplace pension solution.

McSherry Halliday focuses on delivering the benefits of a pensions’ restructure that is right for you without the complexity.

Achieving a successful restructure will mean negotiating a number of technical, logistical cost and legislative hurdles. We can offer the right support and proper planning in order that you, as an employer, can tackle them effectively and mitigate their effect.

We can support you through the entire process, whether you are:

  1. Considering or in the process of planning an approach to restructuring existing arrangements
  2. Considering winding up existing pension plans
  3. Looking to reduce costs, increase flexibility of investment choice
  4. Looking to benefit from lower maintenance, whether improving servicing and administration
  5. Looking to achieve increased value for the investment into this type of benefit.

As Independent Financial Advisers, we offer a fee-based service. This fee is dependent on the work carried out on your behalf and the complexity of the arrangements you wish to make. The first, no obligation meeting is at our expense and thereafter we will advise on the specific costs if the services we would offer to address your requirements.

Contact Alan Hewitt to arrange your first meeting free of charge. Call 01563 533121 or email finance@mcsherryhalliday.co.uk

Retirement Planning

In the recent budget, the Government has made significant changes to the options available to individuals nearing or in retirement. Never has advice been so important to ensure that you are fully informed on the options available to you. Traditionally annuities which provided an income for life were the preferred course of action, however the alternative options available should now be explored prior to making any decision on your future retirement planning.

If the purchase of an annuity is the most suitable course of action, you could potentially receive 30% more pension income by shopping around. McSherry Halliday can examine the market, explain your options in plain terms and secure the best deal for you.

You will only get one chance to get the best deal on your annuity or other retirement options so it is vital to be in an informed position and also to shop around and get quotes from the most competitive annuity companies available.

At our first meeting, we would explain the potential options available to you and establish your requirements and provide you with guidance on the most suitable options.

As Independent Financial Advisers, we offer a fee-based service. This fee is dependent on the work carried out on your behalf. The first, no obligation meeting is at our expense and thereafter we will advise on the specific costs of the services we would offer to address your retirement planning requirements.

Contact Alan Hewitt to arrange your first meeting free of charge. Call 01563 533121 or email finance@mcsherryhalliday.co.uk

Personal and Business Protection

The need for financial protection through life insurance and critical illness cover can be of paramount importance. It should be considered how your family would cope financially in the event of your untimely death or on the diagnosis of a serious illness.

McSherry Halliday, as Independent Financial Advisers, can search the whole of the protection market for the most suitable policies and the most competitive terms available.

Current statistics show that you are more likely to suffer a serious illness than to die before you retire. Critical illness and income replacement insurance can ease the worry for you and your family at such a time by protecting you against the loss of income or providing a lump sum to pay off any outstanding liabilities.

McSherry Halliday can also offer solutions for businesses. The most prudent business people ensure that their business property, for example, cars and machinery are insured, however many do not insure the most expensive asset of any business which is its people. It is worth considering the effect on your business if one of the key employees were to die or become seriously ill. Shareholder protection could also be vital to safeguard the ownership of your business.

As Independent Financial Advisers, we can provide you with details of the most cost effective and competitive products to meet your requirements.

The first meeting is at our expense and typically with insurance contracts the commission payment is paid to the Firm when a policy is arranged. Depending on the arrangements, it is not uncommon that this commission payment is sufficient for the advice and setup of the relevant policy, however we will still offer the ability to pay by fee, if this is preferable. Details of the exact cost would be explained at the initial meeting.

Contact Alan Hewitt to arrange your first meeting free of charge. Call 01563 533121 or email finance@mcsherryhalliday.co.uk

Buy to Let Mortgages

McSherry Halliday can offer a one-stop buy to let mortgage service. As we are independent we can source and recommend mortgages from across the whole of the market. This is carried out by utilising the latest mortgage sourcing software.

 

In the current economic climate there has been a widely reported reduction in the number of mortgages approved by lenders and you can take advantage of our experience and expertise to increase your chances of securing the required level of mortgage finance to meet your requirements.

Whether you are an experienced landlord, first time landlord, or looking to re-mortgage your existing buy to let mortgage deal we can offer an independent solution tailored to your requirements.

Contact Alan Hewitt to arrange your first meeting free of charge. Call 01563 533121 or email finance@mcsherryhalliday.co.uk

 

Residential Mortgages

McSherry Halliday can offer a one-stop mortgage service. As we are independent we can source and recommend mortgages from across the whole of the market. This is carried out by utilising the latest mortgage sourcing software.

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

Whether you are a first time buyer, moving home or looking to re-mortgage your existing mortgage deal we can offer an independent solution tailored to your requirements.

Contact Alan Hewitt to arrange your first meeting free of charge. Call 01563 533121 or email finance@mcsherryhalliday.co.uk

Equity Release and Lifetime Mortgages

Equity release allows homeowners over the age of 55 to release cash from their home. This can let you boost your finances in retirement without needing to move or make monthly repayments as you would a loan.

With life expectancy increasing all the time, equity release can plug a gap. Your pension may not sufficiently meet your retirement plans. Or you may unexpectedly need to pay towards long-term care. Your home could be your greatest asset in such cases.

We can track down the equity release scheme best suited to your needs. We'll explain in detail how it works and address any concerns that you or your family have.

Find out how equity release could benefit you. Contact Alan Hewitt to arrange your first meeting free of charge. Call 01563 533121 or email finance@mcsherryhalliday.co.uk.

To understand the features and risks of equity release, ask for a personalised illustration.

Comprehensive Financial Planning

McSherry Halliday has decades of experience in advising personal clients on efficient financial planning. We can put specific plans in place to help you to preserve valuable assets and meet your future needs.

There are no off-the-shelf financial solutions. Each client has his or her own personal concerns, responsibility, goals and ambitions. What may work for one person, may not necessarily be the best solution for another. We, therefore, have developed a tailor made approach to ensure that we build strong, trusted and lasting relationships with our clients to guide them through all of their current and future financial requirements.

We would be happy to meet with you and provide you with an overview of your financial arrangements and consider each area in turn and provide advice on the most suitable way to achieve your objectives. This can encompass protection, retirement, investments, savings and mortgage arrangements and would provide a detailed report explaining your current position and the steps that would need to be taken to meet your requirements.

As Independent Financial Advisers, we offer a fee-based service. This fee is dependent on the work carried out on your behalf. The first, no obligation meeting is at our expense and thereafter will advise on the specific costs of the services we would offer.

Contact Alan Hewitt to arrange your first meeting free of charge. Call 01563 533121 or email finance@mcsherryhalliday.co.uk

Wealth Management

McSherry Halliday offer a wealth management solution, helping you to keep control of your money. Are you sure that you are investing as efficiently as you could be? Do you know what your goals are, and how you investments link to them? Have you got the time to do the research and the paperwork for a complex portfolio?

If you have answered “no” to any of those questions, the McSherry Halliday Wealth Management Service could be the answer.

We utilise an online tool called Wrap and we bring all of your investments together in one place. Wrap lets you check on your pensions, shares, bonds, cash, investment trusts, unit trusts and savings accounts 24 hours a day.

It lets us deal online. Switching your money between investments. Transferring funds. Mixing and matching your pension funds from investment managers across the market. Wrap also lets you bring together all your tax efficient products including ISAs and SIPPs. This will mean that even completing your Tax Return on an annual basis is easier.

You may not be sure what you want your money to provide you with in the future. Wrap is flexible, so whatever your needs Wrap can help offer the choices to meet them from day one. At the moment, your financial world may look like lots of different companies, various investments, old employer pensions, current pensions, ISAs, bonds, shares and savings accounts. You are in the middle, not quite sure how to manage them all.

While investing is interesting, paperwork usually isn’t. Especially when it comes to using up time and money you could spend planning for your future.

Wrap can transform the way you manage your money. Having all of your investments together in one place might sound simple and it is. That is the beauty of it.

Wrap works securely through the web to let you see your financial assets in one place. It means that when you meet with us, you can see the complete picture of your Portfolio before making any decisions. It is a logical way to keep track of your investments. It is convenient and also saves time too.

We can offer access to the Wrap platform in order that you can track and monitor your investments in real time and also an annual review service whereby we will go through the performance over the last 12 months in detail.

For a demonstration of how Wrap could help you, please contact Alan Hewitt on 01563 533121 or email finance@mcsherryhalliday.co.uk

As Independent Financial Advisers, we offer a fee-based service. This fee is dependent on the work carried out on your behalf. The first, no obligation meeting is at our expense and thereafter will advise on the specific costs of the services we would offer to address your requirements.

Inheritance Tax Planning

Inheritance Tax or IHT as it is commonly known is payable on everything you have of value when you die, including: your home, jewellery, savings and investments, works of art, cars, any other properties or land – even if they are overseas.

It is usually payable on death but there are certain circumstances where IHT becomes payable earlier such as when putting assets into certain types of Trusts.

When you die, your assets become known as your Estate. Any part of your Estate that is left to your spouse or civil partner will be exempt from inheritance tax. The exception is if your spouse or civil partner is domiciled outside the UK. The maximum that you could give them, should they be domiciled outside the UK, is £325,000.00. Unmarried partners, no matter how long standing, have no automatic rights under the IHT rules.

One of the most important things you can do to help reduce the amount of IHT you will have to pay is to write a Will. At McSherry Halliday, we are well placed to provide you with this advice and to prepare a Will suitable for your requirements. If you die without a Will, your Estate is divided out according to a pre-set formula and you have no say as to who gets what and how much tax is payable. Inheritance Tax Planning is one of the most important ways to ensure that your Estate passes to your preferred beneficiaries while minimising any potential tax payable. It is never too early to plan and at McSherry Halliday we are able to offer you Inheritance Tax Planning advice to ensure you are in an informed position regarding the value of your Estate that would be left to your loved ones.

McSherry Halliday offer a fee-based service. This fee is dependent on the work carried out on your behalf. The first, no obligation meeting is at our expense and thereafter we will advise on the specific costs of the services we would offer to address your requirements.

Contact Alan Hewitt to arrange your first meeting free of charge. Call 01563 533121 or email finance@mcsherryhalliday.co.uk

Trusts and Taxation Advice

Careful estate planning is of key importance to ensure your Estate is distributed according to your wishes after your death. Trusts can be an excellent tool to help ensure that this happens.

A Trust is a type of fund into which you transfer assets, ring fence them and enable them to be controlled by you or a nominated third party for the benefit of a specified person or people.

A Trust is a highly tax efficient method of passing on assets and is used to separate the ownership and management of assets from those who will be the beneficiaries.

You may wish assets to be handled tax efficiently or provide for the future of a child or grandchild or disabled person.

There are several different types of Trusts available which are all used for different purposes. Each has their own specific tax structure.

McSherry Halliday can provide you with advice on the suitability of Trust arrangements and provide you with detailed analysis of the taxation position. As Solicitors and Financial Advisers we are ideally placed to provide you with both the legal and financial advice required in order that you are in an informed position should a Trust be the most suitable arrangement to meet your requirements.

As Independent Financial Advisers, we offer a fee-based service. This fee is dependent on the work carried out on your behalf. The first, no obligation meeting is at our expense and thereafter will advise on the specific costs of the services we would offer.

Contact our Financial Advisers Ayrshire Today

With offices in Kilmarnock, Irvine and Troon, we can help business clients all over Ayrshire and across Scotland and currently serve clients in Ayr, Troon, Arran, Kilwinning, Saltcoats, Dalry, Ardrossan, Prestwick, Stewarton and Fenwick. Contact us today to arrange an appointment.

Contact Alan Hewitt to arrange your first meeting free of charge. Call 01563 533121 or email finance@mcsherryhalliday.co.uk

Alan Hewitt
IFA

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Kilmarnock

TEL: 01563 533121
FAX: 01563 522762
 
Bank Chambers
42 Bank Street
Kilmarnock
KA1 1HA
 
 

Kilmarnock

TEL: 01563 533121
FAX: 01563 570840
 
7 Bank Street
Kilmarnock
KA1 1HA

 
 

Irvine

TEL: 01294 274097
FAX: 01294 279692
 
Galt House
78 East Road
Irvine
KA12 0AA
 
 

Troon

TEL: 01292 313737
FAX: 01292 317856
 
8 Academy Street
Troon
Ayrshire
KA10 6HS