Sean_Fernyhough
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- Sean_Fernyhough
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In a nutshell that is what Phoenix is doing. Their letter to the client makes it clear that they are not accepting the appointment of additional trustees and insist that any resignation must predate the appointment of any further trustees. Perhaps t…
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@richardgough said: @Sean_Fernyhough In my experience, Phoenix won't be much help when it comes to Trusts. I am presuming you are looking for the necessary Deed to retire and appoint a trustee - is that right? We have a properly dr…
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@richardgough said: @Sean_Fernyhough Which life office? Phoenix Life
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I think this is the usual insurance company nonsense, more clearly so when we're talking about a term assurance. 1) There's clarity about the trust's purpose and what the trust property is (will be upon successful claim). 2) There is no personal li…
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Thanks Les, I'm happy with the wording on the correspondence from the payer that it is interest. I've already Yes, the interest is over £10,000 and I have already advised the adviser that a personal return needs completing by the minor's guardians …
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Thanks Richard. The second paragraph describes the situation perfectly.
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Thanks Les. My educated guess wasn't far off.
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@les_cameron said: That life company is talking nonsense ( hop it's not us). I can't lie Les...
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Over the weekend a client obtained an online statement to Friday. It shows the effect of the McCloud remedy effect as the split between the two sections is radically different.
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I can vaguely remember a situation similar to this arising over a decade ago. I think the client renounced ownership of the asset or assigned ownership to the SIPP provider.
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That's useful. Thank you.
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There'll be no requirement to report income from FHL separately from other rental income, so it would seem so. We'll need to await legislation as it's not included in the Finance Bill.
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These are two different things: 1) charging and justifying your time 2) Managing your time and ensuring that you are "on it" when you're supposed to be. For charging and tracking time I use Harvest. For training myself to be "on it" I use the …
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* Interest earned on cash (outside of special wrappers like ISA's) whether bank account or deposit based. Taxable interest - so not ISAs or tax free NSI products * Coupon payments from bonds & gilts * Chargeable gains from offshore bonds And …
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My understanding: 1. When making a CLT the full IHT NRB becomes available again after 7 years. 2. If a CLT has been made less than 7 years previously then the value of that earlier gift (less gift allowances) reduces the NRB available when claulat…