Tax planning support
Technical Videos
Looking to help clients to make the most of their tax-planning opportunities?
The M&G Wealth technical team produced a series of videos on the top ten things to think about at Tax Year End.
Watch now
Tools
Don’t forget, you have access, via the Platform, to a range of financial planning tools developed by the M&G Wealth technical experts. There are several you may find particularly useful at this time of year - Salary Sacrifice Calculator, Annual Allowance Calculator, Tax Relief Modeller, Bond Gain Tool and our new CGT tool.
Check out the full range next time you’re logged into the Platform – just go to the ‘Tools Hub’.
Log into the Platform
How to: check ISA declaration status and remaining allowance
- Go to your client’s Account Details Card.
- Click on the Account Specific Details tab.
- It’ll show their ISA declaration status and how much allowance is available to use this year.
If a client has more than one ISA account then the ISA Remaining Allowance will show the amount available in total across all their ISAs.
To check available subscription for multiple clients, download the ‘available ISA/ JISA subscription report’, found in the Reporting Hub on the platform.
How to: update your client’s ISA declaration
If your client is making a payment into their ISA for this tax year they need to have a valid ISA declaration in place.
To update a declaration, please give us a call or send us an email to let us know your client wants to pay into their ISA. We’ll send a declaration to the client as a confirmation, but nothing needs to be completed or signed.
For junior ISAs, you won’t need to update the declaration, as declarations roll over each tax year until the child turns 18.
How to: carry out a BedISA
- First, place the trades in your client’s GIA by going to the Account Details Card for the GIA and clicking on the ‘sell’ icon
- Once the trades have settled, instruct a cash movement from the GIA to the ISA by going to the Client Details card and selecting the ‘Online Cash Movement’ icon
- When the money has moved across, you can then buy the assets in the ISA, by going to the Account Details card for the ISA and clicking on the ‘buy’ icon
If you’ve requested an initial fee, we’ll deduct this charge the day after the investment. So, if the ISA is self-funding, you need to make sure that you leave enough cash, within the Account, to cover the ISA charge.
How to: make a payment
Raise the commitment
Raise a commitment using the ‘Add Lump Sum’ link on your client’s Account Details Card.
Remember, when adding a commitment make sure:
- The commitment amount exactly matches the payment amount
- You raise one commitment for each payment
- You select the right method of payment (i.e. cheque or direct credit [BACS])
- You capture any investment strategies or fees that apply to the payment
Send the payment
We recommend your clients send BACS, rather than cheque. Our bank details are:
Account Name
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Investment Funds Direct Ltd
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Sort Code
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40-02-50
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Account Number
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31233645
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Payment reference
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Client’s Platform account number (usually starts with an “A”)
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Please make sure your clients know the correct reference to put on the payment.
Following these steps means we can allocate payments more quickly. Correctly set up payments can be automatically added to accounts on the day we receive them, and any investments or fees you’ve included when you set up the commitment can be placed straight away.
If you’ve requested an initial fee, we’ll deduct this charge the day after the investment. So, if the ISA is self-funding, you need to make sure that you leave enough cash in the cash allocation section, within the Account investment strategy screen, to cover the ISA charge.
How to: set up a new client
Go to the New Business tab on the platform homepage. Go to the New Client Application icon. You’ll be prompted to enter the client information, and once you’ve filled everything out, documents will be automatically generated. You and your client need to sign these. Once the forms are fully completed, email the scanned copies or e-signed documents to us.
Contact us
If you've got further questions, please contact Client Services on 0345 076 6140 Monday to Friday, 8:30am to 5:30pm or by email.
