We may pay interest on funds held in your client account, usually at the conclusion of your matter. To clarify, each matter will be treated individually (you may have several matters to your case).
Any interest due to you will be paid as soon as practically possible after your lawyer has confirmed the matter has concluded (pursuant to our internal processes).
Interest will only be payable where the aggregated interest amount is £50.00 or more. Below this amount, we consider the administrative costs of dealing with the funds exceed the interest due.
When calculating the interest, we will apply the relevant rate applicable at that time, and in accordance with the NatWest Client Deposit gross rate (which can fluctuate), and can be found at www.natwest.com/business/savings/client-deposit-manager.html.
Where interest is paid to you this will be paid gross, and it is your responsibility to declare gross interest received to HMRC.
We hold client money in NatWest Bank PLC which is regulated by the Financial Conduct Authority (FCA). We are not liable for any losses you suffer as a result of any such banking institution being unable to repay depositors in full.
If the bank in which the firm holds funds should fail, the firm reserves the right to disclose to the Financial Services Compensation Scheme (FSCS), www.fscs.org.uk, the names and other details for clients whose money is held on the general client account, in order for the client to claim compensation the limit of which is currently £85,000.00.
This policy is reviewed periodically and at least annually by the COFA and the Directors of the firm.
All our offices are easily accessible by road, rail or bus and we are open Monday to Friday from 9:00am to 5:30pm.
Not sure which office is closest to you? Try our Office Finder.
If you would like to visit our team of family solicitors, we have offices in Henley-on-Thames (Head Office) Reading, Reading (Central), Basingstoke, Guildford, Beaconsfield, Ascot, Newbury & Winchester, St Albans, and Southampton. We serve a wide range of other areas including Abingdon, Bracknell, Gerrards Cross, Maidenhead, Marlow, Oxford, Slough, High Wycombe and Wokingham.
We are always looking for exceptional people to join our team.
Whether you are considering a move now or at some point in the future, we would love to hear from you and learn more about your career goals and motivations.
At K J Smith we pride ourselves on our commitment to offering support, guidance and career development across all roles. You will receive a competitive salary along with a comprehensive range of benefits.
Partner at our Ascot office
"I joined K J Smith with an open mind and with the expectation of developing and adding diversity and challenge to my career, having spent 23 years in a comfortable position with a traditional high street practice.
I can honestly say that K J Smith have exceeded my expectations. Since joining, I have felt supported and encouraged by the firm’s continued commitment to growth and improvement. The company allow staff at all levels to have a voice and recognise the importance of investment in their employees at every level."