gofifty50.com is a trading style of goFIFTY50 Financial Ltd. goFIFTY50 Financial Ltd is an appointed representative of Turnberry Wealth Management Ltd.
FSA registration number 435264
VAT no. 870 2953 14
goFIFTY50 Financial Limited is registered in Scotland, Company Number SC373455
When you buy an insurance policy or a savings policy (such as an Endowment, Mortgage Protection Plan, Investment Bond, PEP, ISA or Unit Trust), the IFA who sold it to you receives a commission taken as a percentage of your original investment. Fair enough.
But did you know that...
- The IFA continues to receive renewal commissions from your policy over the life of that policy?
- If that IFA leaves, her/his successor inherits these trail commissions although they may have no contact with you whatsoever?
- The same potentially applies to every policy and savings plan you have?
- Unfortunately we are unable to rebate pension trail commissions due to the complexity and potential tax implications on you imposed by HMRC.
- We return 50% of the ongoing commissions from existing policies (such as an Endowment, Mortgage Protection Plan, Investment Bond, PEP, ISA or Unit Trust).
- There is no change in your policies or the documentation, you retain them and you don’t even have to send them in.
- You still continue to receive information as normal from your policy provider. Through My Portfolio goFIFTY50 gives you summary information about your type of policy, your policy provider and policy number.
- You will see how much you have in commissions against each policy.
- You will be rebated commissions at the end of each October and April. After you log in, your My Portfolio database will show your cumulative commission due to you.
- If you choose to buy new financial policies through us, we return 50% of the commission received for setting up a new execution-only (no advice) policy or plan (such as an Endowment, Mortgage Protection Plan, Investment Bond, PEP, ISA or Unit Trust).
- goFIFTY50 also donate their 50% when you give your commissions to a charity giving the charitable organisation 100% (less a small administration fee), you will have confirmation of payments to the charity.
- Giftaid can be sought on the charitable donation if UK taxpayer.
Please Note...
No advice will be given on the policy in the future and if advice is required it will be passed to Turnberry Wealth Management and a fee will be charged. The fee will be dependent on the type of work required and this will be agreed up front before any work is started.
The guidance contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
The ongoing commission goFIFTY50 receives does not give you access to ongoing advice.
Pensions are for the majority of people their most important financial product and requires ongoing advice and monitoring by an IFA and so the commission is earned. Rebating commissions will be regarded by HMRC as an unregulated payment with potential large tax implications for the individual.
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100% Commissions to Charity
goFIFTY50 offers the option of sending your commissions to the charity of your choice. And if you donate your 50% then goFIFTY50 will donate its share to the same charity. Once you have signed up to goFIFTY50 you can choose from a list of charities on your My Portfolio page. The money will be sent straight to the charity. If your charity is unavailable, please contact goFIFTY50
Charity Fundraisers
goFIFTY50 is a revolutionary new method of generating funds year-on-year. Ask your members and supporters to sign up to goFIFTY50 and you will receive 100% commissions on existing policies, minus a small administration fee. Contact goFIFTY50 and arrange for your charity to be visible to all using goFIFTY50.