6 Kingsmead Square Bath BA1 2AB

01225 696944 mckenzieandco@sjpp.co.uk

Protection planning

secure your future and that of those you love

Protection planning is a crucial aspect of financial security, providing individuals and their families with a safety net against unforeseen circumstances. McKenzie & Co Financial Advisers can play a valuable role in helping clients navigate the complexities of protection planning.


Protection planning involves identifying and addressing risks that can negatively impact your financial well-being. These risks may include illness, disability, premature death, or the loss of income. In the event of death, protecting what is yours, or what is to be passed on is also critical, in order to prevent HM Revenue and Customs from being the biggest single beneficiary when you die. 


Our advisers can assess your specific needs and recommend suitable strategies and products to mitigate these risks. 

Protection planning

Choosing which specific types of insurance can be a tricky task. Providing protection cover in the various forms of life, critical illness and disability solutions is one of the fundamentals of our business and we work with carefully selected providers, to offer an extensive product range including:

Inheritance tax (IHT)

Inheritance tax (IHT) planning is a critical aspect of estate planning, aimed at minimizing the tax burden on your assets and ensuring a smooth transfer of wealth to your beneficiaries. McKenzie and Co Financial Advisers specialise in assisting clients with inheritance tax planning, providing valuable expertise and guidance. 


Inheritance tax (IHT) is a tax levied on the estate of a deceased person above a certain threshold. Without proper planning, a significant portion of your estate may be subject to IHT, potentially reducing the amount available for your loved ones or chosen good causes. Our advisers can be on hand to help you navigate the complexities of IHT and develop strategies to minimise its impact on your estate. 


We are also able to advise on tax-efficient gifting strategies to reduce the value of your estate subject to IHT. We can guide you on utilising annual exemptions, lifetime exemptions, and other gifting options to transfer wealth to your beneficiaries while minimising tax implications.

Wills and Lasting Powers of Attorney

Choosing what you would like to happen to your wealth in the event of your death is an important part of planning for the future. Not only will it give you peace of mind, it will make certain aspects of the situation a lot easier for your loved ones during a difficult and often emotional time.


Having a carefully written Will in place means you’ll be able to pass on your assets to the people or causes that you want to benefit, while also making the most of available tax reliefs and reducing the Inheritance Tax burden on your family where at all possible.


We work closely with experienced legal service providers who can arrange Wills and Powers of Attorney, and can refer you to them when you need it. So you can be confident that your future finances are in hand.


Protection planning is essential for safeguarding your financial well-being and providing peace of mind for you and your loved ones. By working with one of our financial advisers, you can benefit from their expertise, access to a wide range of protection solutions, and personalised advice tailored to your specific needs. 


The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief depends on individual circumstances.


The writing of a Will or Lasting Powers of Attorney involves the referral to a service that is separate and distinct from those offered by St. James’s Place. Trusts, Wills and Lasting Powers of Attorney are not regulated by the Financial Conduct Authority.