GolfPutt21
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Thanks @benjaminfabi, you have been very helpful on this. Would it still be considered if they drew down the TFC monthly?
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All very interesting. My opinion is that on this basis there in not intention to use the TFC to recycle, it's for personal use and their is no link between the TFC money and the employer money
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Yes it is, sorry may have confused it. They need money from the pension now for cashflow and don't have enough to extract from business at the moment. Once the property is sold the business will have profits which they can then extract from via d…
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It's more that they need money right now to cover bills etc and they don't know when the property in the business will be sold. So in theory the house sale could happen in 6-12 months or even longer but they need some money right now, so they have m…
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I am finding it difficult on the first point having read many articles about PCLS recycling because they need money now for personal cashflow and pension is only real funding option but are director of limited company which owns properties and are i…
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Thanks all. Yes my understanding was that parents have to open the JISA but grandparents can contribute. On the current trust set up the parent is a trustee anyway so I thought the set up was vastly similar to what a JISA set up would be. @benjam…
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Thanks all! I have done some more digging and seems like this is the case as stated by @TomLloyd_Read ! Interesting as I had never heard of this before about 2 weeks ago but could be valuable to lots of people as WOL is become more and more common.
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Thanks all this is really helpful. Seems to be a double edged sword as to what is best to do. Think speaking to solicitor is the first port of call. Has anyone had experience of someone applying to court of protection?
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This is an interesting topic actually. I am really seeing a rise at the moment in LPAs coming to us as advisers to plan for donors IHT liability. I have someone lined up for a couple of weeks time to discuss IHT planning and BR schemes for the…
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Thank you all, very helpful!
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Thank you both. Having more information on it now that it is a IIP trust and Mr was the life tenant and the 3 children are the remaindermen, and 1 of the children and solicitor are the trustees. @les_cameron I think you have it spot on, the life …
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Thanks guys. We thought that this was the case. Glad you have confirmed.
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How did everyone get on? The exam guide for the September 2022 exam has been published now. Interesting to see the model answers and where candidates did well and could've done better. Although I can't remember half of my answers so not sure wher…
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Yeah you're right. I don't think at this point they would. Good luck everyone on your results next Friday!! Fingers crossed for us all, hopefully the wait for results is worth it!!
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Hi all, One of the advisers from my firm mentioned that for R06 they release some of the question answers for the exam prior to the pass results being released, anyone know if this is correct and likely date of that? Thanks
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@oscarbugeja said: Can anyone remember what the final question was on case study 2 and how many marks it was out of? I ran out of time and didn’t get a chance to check it over If I remember correctly, I think it was what you would be…
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@JH0201 said: Following on from the previous discussion, did anyone find anything that they werent expected with the recent exam? I think the only thing that threw me slightly was the question surronding Wills The will question is …
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I found it ok (I think)! Seemed to have quite a lot pop up that was in the analysis I had and have been studying for the last week and a half! It’s so hard to know if you have done well on it though! I was really conscious of trying to m…
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Yes I agree, there is lots of things I have obtained from the case studies which I feel I need to brush up on. Case study 1 - I am sure there will be questions about their OEIC's and the taxation on them e.g CGT etc. And will be questions about I…
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Case studies have been released today! What is everyone's initial thoughts?
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@Asturgess said: I am also sitting the September Exam. What are you guys doing in terms of actual Knowledge Checking to ensure you know the ins and outs etc. Are you really reading all 5 books again. I am curious how you are going about it ? …
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Hi Jules, Sounds like we are in the same boat! Bit of a panic mode for me as I have never done an exam in this format. I am also booked on to the webinar on Monday and have purchased the Brand case study analysis which I have been reading is a…
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Hi Benjamin, It is owned by parent 1. Lived in by son and son's wife only. Son and Wife pay rent to parent 1. Think you have cleared it up though that it is taxable income. Many thanks