Calvert76
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You could buy a series of level term assurance plans with different finish dates, I sometimes do that instead of gift iner-vivos if more cost effective
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My understanding was that pensions and bonds always need illustrations. 360 recently confirmed that to us.
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Yes, that's how the default calc works, however as actual cash taken is less you can apply for a transitional certificate
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You can hold some fixed term annuities via a trustee investment plan(TIP) inside a crystallised SIPP, i.e. hold as an investment within the existing arrangement as opposed to arranging a partial transfer. The income can either accumulate or be paid …
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While this is frustrating, since the changes designed to safeguard around pension scams were introduced needing a Moneyhelper appointment is fairly common, particularly with a transfer to more complex scheme, such as a SSAS. You will probably just n…
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I did it a couple of years ago- I wrote an article about it for professional Paraplanner magazine https://professionalparaplanner.co.uk/finding-appropriate-esg-qualifications/
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We discuss risk annually but client only has to complete new questionnaire once every three years. This seems to work well for the vast majority of clients
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Thanks - the boss needs an answer “today” so I’m hoping for someone I can call…
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Sorry, resurrecting this thread! Any further ideas for inserting graphics into reports? I am re-designing our internal templates and would love to build in some graphics but have zero experience on this. It would probably need to be work with W…
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Fabulous- I had a vague memory there was something tricksy like this but I couldn’t quite put my finger on it. Thank you that really helps!
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Thanks, I am not 100% the wound up fund is considered an existing s32, I am thinking it is more a deferred annuity. Aviva are unclear other than saying it is a wound up single member occupational scheme, so I probably still need to drill down a bit …
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Thanks, I was just unclear if the existing wound up status made any difference, I couldn’t find any clear guidance online.
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Totally a thing for clients who retired some years ago. Used to have a few clients where State Pension exceeded personal allowance leading to a k number tax code
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Thanks all, this is interesting- I admit I am rusty on DB with my original exam being G60! I get my calc is not the full way of calculating it, but if I have all the other data points except commutation factor algebra should mean I can reverse…
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Aah, I wasn’t basing it on max tfc - I was just making up some illustrative figures for working out commutation factors. You don’t have to take max tfc you know!
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> @PPWow said: > Hmm I'm not sure about that? If the full pension is £20k p.a., reduced pension is £15k p.a. and commutation rate is 16, then the tax free cash would be c£94k (not £80k). Interested how you make £94k? Commutation rate sh…
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Interactive Investor have a flat-fee SIPP which is good for self-trading.
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Not sure if you are overthinking it? If you know the pension given up I always just divide cash by pension to get commutation rate. i.e, if full pension £20k pa and reduced pension £15k pa and tfc is £80k, £80k/£5000 (pension given up)= 16. Is that …
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Hi Jamie, Agree it is a pain. Some platforms are able to temporarily hold the super clean share class for receipt of an in-specie transfer and then immediately convert. They can’t hold very long though and can only do it for transfer purp…
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Thanks Simply, I have tried Transact, but it was a no. I think we will have to transfer to a cash Junior ISA.
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Yes, I have! Took me an age to get my head round it... pm me your contact details and I can email you some info and chat it through if that helps. Catherine
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As Aron implies it is probably that they mean the platform will reset the book cost, which will technically be correct as the parents will incur the gain and have to pay CGT on the gift on transfer and any future gains from the reset point will be t…
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Thanks for your reply. I think it is our intention to transfer, we are just trying to work out any implications of no-one having been doing any Scheme reporting...
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Sorry meant to say hasn’t been doing returns and to clarify employer is client’s own company.
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Thanks all. The claim was against the adviser and yes, the ongoing charges are therefore still there. I will look into whether the member can purchase the asset. The assets in question were held directly with SIPP administrators so I don’t think …
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Wow, thanks that is really helpful. It sounds like you spent a bit of time trying researching. Certainly not worth paying £10k pa....
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Thanks for all the great advice. It is certainly a fascinating area and one I will need to get more involved in. The triage document is really good. I wish it included a table for single clients too though as this is a main reason for considerin…
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Thanks, that was my gut feeling, but the planner was very keen on getting an initial assessment...