Financial Advisers in Nazeing

Nazeing is our next-door neighbour. The parish borders Roydon, so Nazeing residents are among the closest people to our office at Lynfield. If you would like a local adviser you can actually meet, we are a few minutes away.

A spread-out parish

Nazeing is not one village but several: Lower Nazeing by the River Lea, Bumble’s Green, Broadley Common and the homes and farms in between, all within the Epping Forest district of Essex. The Lee Valley has a long tradition of glasshouse growing and horticulture, and the parish is home to a good number of family-owned and self-employed businesses. There is no railway station in the parish itself; Broxbourne and Roydon stations are the nearest.

When the business and the family finances are tangled together

For many households around Nazeing, the family business, the family home and the family’s future are closely linked. That raises some particular questions:

• What would happen to the business, and to the mortgage, if one of the owners became seriously ill?
• Is enough being saved for retirement outside the business, or is the business itself the pension plan?
• How will the business pass to the next generation, and what does everyone else in the family receive?
• Are employees properly enrolled in a workplace pension?

We can help with each of these. Business protection, including key person insurance, can give a business breathing space after a death or serious illness. A pension can be a tax-efficient way for a business owner to save, depending on individual circumstances. And our guide for employers on automatic enrolment explains the workplace pension duties.

Advice for everyone else in the parish

Of course, not everyone in Nazeing runs a business. We also help:

• Retired and soon-to-retire residents work out how to draw a sustainable income from their savings and pensions.
• Families put the right life and critical illness cover in place.
• Homeowners find a new mortgage when their current deal ends. If you are planning to build your own home, our self-build mortgages guide explains how stage payments work.
• Savers decide whether, and how, to invest money that has been sitting in the bank.

Planning a business handover

Passing a business to the next generation, or selling it to fund retirement, rarely happens overnight. The families who manage it most smoothly tend to start talking years in advance. A sensible plan often involves:

1. Agreeing the aim. Who is taking over, when, and what should the outgoing owners receive?
2. Separating retirement income from the business. Building up pensions and investments outside the business means retirement does not depend on a single sale.
3. Protecting the plan. If an owner died or became seriously ill before the handover, would the remaining owners have the funds to buy their share? Shareholder protection and partnership protection are designed for this.
4. Getting legal and tax advice where needed. We work alongside your accountant and solicitor rather than replacing them.

Helping the next generation onto the ladder

Parents and grandparents in the area often want to help younger family members buy a first home. There are various ways to do it, from gifting a deposit to lenders’ family-assisted schemes, and each has implications for both sides. Kealy can explain the options, and our first-time buyers guide is a useful starting point.

Keeping things simple

Running a business leaves little time for paperwork. We try to keep our side of things straightforward: clear explanations, recommendations in writing and plain English, and meetings at a time that suits you, whether that is at our office, by video call in the evening or on the phone between jobs.

Meeting us

Because we are so close, many Nazeing clients like to meet at our Roydon office. Call 0333 011 5550 to arrange a time. You can also book a free Google Meet video call online, or get in touch through the contact page.

Close to Nazeing

Frequently asked questions

Important: This page is general information about the areas we serve and the services we offer. It is not personal financial advice. For advice on your specific circumstances, please get in touch.