The Lowdown
Welcome
Welcome to the latest edition of our Lowdown newsletter where we will be sharing a range of updates from across the business It’s been a busy and productive first half of the year, so there’s lots to share!
Firstly, we celebrate amazing milestones reached by two truly phenomenal colleagues, of whom it has been a pleasure sharing this time with
We’d also like to share that we are hosting a charity walking event in the upcoming weeks that we would love for you to join.
In this edition we’d also like to highlight a client and his amazing work with Hope House Children’s Hospice - climbing the highest mountain in Africa, and raising more than £2,000 for an amazing cause
Anniversaries
We look at the upcoming changes to Inheritance Tax in 2027 that may affect you and your loved ones We also share the launch of the Wrexham Monopoly board, where you can find us, and other local landmarks in the Wrexham area.
Lastly, we share a thrilling update in regards to our sponsorship of Paralympian Nathan Maguire. Working together for another year as Nathan prepares to compete in the Commonwealth Games this year in Glasgow
Thank you for taking the time to read our updates and being part of our journey
Best wishes,
Warren Hadlow, Director
Walking & Talking
Man VS Mountain
Paul Green, a long-standing client of Warren’s, recently travelled to North Africa to trek up Mount Toubkal with the aim of raising money for a charity close to his heart
The team of brave volunteers started their trek up Mount Toubkal from the village of Imlil on 21st May It took them five long days in total, with plenty of early mornings, the earliest being summit day on 24th May - up at 3 45am to start the final push in the dark at 5am
With many twists and turns the team had to adapt their route due to weather conditions and quickly learn to use equipment some of them had never experienced before, such as wearing crampons for walking in the snow They safely returned to Imlil on 25th May
Paul and the team have achieved something truly special together He says that “summiting Mount Toubkal was one of the most incredible experiences,
an amazing achievement that pushed me physically, mentally and emotionally, introduced me to lifelong friends, left me feeling on top of the world, and together helped raise £30,000 for Hope House Children’s Hospice A great adventure I would recommend to anyone ”
According to Claire Penney, Hope House’s Area Fundraiser, and the organiser of the trip,
“Paul was a real motivator and an excellent singer...” [and the] “incredible amount will go far in providing specialist care and support for local children with life threatening conditions and their families across North and Mid Wales, Shropshire and Cheshirehelping them live their best life”
Currently Paul has raised an amazing £2,340!
If you would like to donate to Paul’s JustGiving page you can contribute by scanning the QR code here
Hard Work Pays Off
Continued Support
We are absolutely thrilled to announce that we have officially renewed our sponsorship of Team GB Paralympian Nathan Maguire
Nathan is not just sponsored by us, he is also a client! We sat down with Nathan to discuss his service and the journey we have been on together
We also have another update on Holly’s journey - she is officially now a fully qualified Financial Adviser Holly will be starting the SJP Financial Adviser Academy in September Congratulations are most certainly in order!
You can watch the full testimonial via the QR code Keep an eye out for Nathan in this year’s Commonwealth Games in Glasgow - we’ll all be cheering him on from the office
Inheritance Tax: IS YOUR PENSION UNDER ATTACK?
estates will pay more Inheritance Tax than would previously have been the case The average Inheritance Tax liability is expected to increase by around £34,000 when pension assets are included in the value of the estate ” (Gov UK, 2026)
1) What are the current rules this tax year?
So, in a nutshell IHT is the tax your loved ones will pay on the estate you leave behind when you pass away IF your total wealth is over certain figures Your estate is made up of all of your assets, including property (in the UK and abroad), cash in the bank, investments, shares, National Savings products and even personal items such as jewellery/cars The BIG thing missing from this list Pension funds
Each of us has a ‘Nil rate Band’ of £325,000 that we can leave to anyone tax free If you have kids/grandkids and own your own home (and they are your beneficiaries) – we all have an extra Principal Residence Relief of £175,000 So £500,000 for individuals with family A married couple enjoys £1m allowances in total
ANY value left over £500,000 for a single person OR £1m when the second of a married couple passes away – is taxed at up to 40%
2) What is changing in 2027?
Under the current rules your pension is not included within your estate should you pass away until - April 2027! After next April – anyone passing away will see the value of any Defined Contribution Pension (where you usually get an annual statement showing you what your fund is worth and how it has performed) – added to their numbers
This is simply a massive change Many more people will be ‘caught’ in the over £500k (or for married couples over £1m) estate brackets – and your loved ones can expect your estate to see a bill from HMRC
“The Government estimates that 10,500 estates will have an Inheritance Tax liability next year - where this year they would not Approximately 38,500
All Things Mortgages
Ask your financial adviser, or talk to Jon today 07901 643920 | jonathan.peatfield@sjpp.co.uk
On The Board!
The official Wrexham Monopoly Board is now available online! The board celebrates the places, people and pride that make our city so special.
Created in partnership with This Is Wrexham, Wrexham AFC, Wrexham Lager and Hasbro, this unique edition brings Wrexham to life on the board, from iconic landmarks, to well-loved local businesses (including ours!) Best of all, every board sold helps support Nightingale House Hospice, providing vital care for patients and families across our community
Sarah Povey, Corporate & Donor Relationships Manager at Nightingale House came down to the office to present us with our very own Monopoly Card, as well as take a few snaps of the staff and update us on what’s going on at Nightingale House This was also a fun treat for Murphy, who had the chance to dress up as our very own Monopoly Man!
We’d like to thank everyone at Nightingale House for making this happen, and their incredible work raising funds for the patients they support and their families
If you would like the chance to own a piece of Wrexham history, you can order yours by scanning the QR code
If you would like to know more about any of these topics, or if you or someone you know would like a no obligation financial review, please feel free to get in touch with us.
