IFA Centre IFA
Choweree House, 21 Boutport Street, Barnstaple, Devon EX31 1RP | (Tel) 01271 344300 | info@miltonpj.net



    Philip J Milton & Company Plc provides a well established and very competitively priced "direct instruction" share dealing service.






    It is estimated that 65% of the UK population does not have a valid Will. For those, the law decides how your Estate is distributed under “Rules of Intestacy” meaning that your assets are unlikely to be distributed as you wish upon your death, not even recognising an unmarried partner, for example. Do not delay making a Will! (This service is not regulated by the FCA.)


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The New Pension Allowance

13 February 2017

How you turn your pension pot into income is one of the biggest financial decisions you’ll ever make. The new pension freedoms give retired people more choice than ever before, but there are also more pitfalls to avoid.

Getting it right usually requires you to do your homework, take financial advice – or both. Whether or not to seek the help of a financial adviser is a conundrum for many.

Some have no choice in the matter: if you want to move money out of pensions that offer valuable guarantees, such as occupational schemes, you have to get advice first.

The government has now introduced a scheme for defined contribution pension plan holders, it allows them to make three withdrawals tax free, in their lifetime from their pension pots, one withdrawal in any one year is allowed. The allowance is for the sum of £1,500, meaning £500 each time advice is needed. This they believe, will enable people to obtain valuable retirement advice at crucial times, perhaps life changing events such as, changing their job, marriage, divorce or early retirement.

One study suggests that the average time needed to collate information, analyse products and give recommendation to any client seeking retirement advice is on average 9 hours. The average hourly rate for financial advice of an investment nature is £150 per hour. So, although the government allowance is helpful, on average it will not cover the full cost of an initial retirement review.

This being said taking retirement without advice can be costly to the consumer, as tax efficiency may be missed.

At Philip J Milton & Company, we offer an initial consultation at our cost, after which we will charge an hourly rate for our initial report, once you become a discretionary client, you will receive ongoing annual reviews at no additional cost and develop a relationship to ensure you stay on track to meet your financial aims and objectives. Early intervention, can be a saving in the future, as relationships form and continued guidance means the need for costly advice at retirement, can be reduced over time. Please call us today, to arrange an initial consultation, at our cost, with no obligation.

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Top 100 Advisers

We have made it again into New Model Adviser’s top 100 advisory firms across the Country. See:- http://goo.gl/eU44LS Yes, they have mis-spelt the name but never mind!  It is a great accolade to be amongst this esteemed bunch and reassures clients, staff and prospective clients alike that they are dealing with a Firm which has some dependable substance behind it and in our thirtieth anniversary year too.


Founded in 1985, Philip J Milton & Company are delighted and proud to offer a fully independent financial and investment planning service and we advise upon all aspects of clients’ financial affairs.

The Financial Conduct Authority does not regulate some areas mentioned on our web site including: Buy to Let Mortgages, Claims Management Activity, Taxation & Accountancy, Probate Administration and Will Writing.

Financial services complaints we cannot settle may be referred to the Financial Ombudsman Service; www.financial-ombudsman.org.uk 0800 023 4 567. Details of our complaints procedure are available via the documents tab above.

Risk Warning - Stockmarket investments can offer income through the payment of dividends and interest and good opportunities for capital appreciation over the longer term. By this, generally we mean periods in excess of five years, preferably much longer. However, we can never promise you particular returns, especially in the short-term. At any point in time but especially in the short term, your capital could be worth less than the original amount invested as some of the selected holdings may fall in value, regardless of expectations at the time of acquisition. We may also invest in funds that hold overseas securities. The value of these investments may increase or decrease as a result of changes in currency exchange rates. Returns achieved in the past cannot be relied upon to be repeated.

Philip J Milton & Company Plc is authorised and regulated by the Financial Conduct Authority.
Philip J Milton & Company Plc is entered on the FCA register (http://www.fca.org.uk/register) under reference: 181768.
# Registered Office: Choweree House, 21 Boutport Street, Barnstaple, Devon EX31 1RP
Registered and Incorporated in England number 3233275 | VAT number 682 2544 28
A list of the Directors is available from the registered office


Copyright © Philip J Milton & Company Plc - 2016