PeterM
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We don't take ongoing fees for VCT or EIS for the reason you mention. Essentially if it goes wrong after you have invested what can you actually do as an adviser? Not much unless it is past 5 years for a VCT as you would be advising someone to se…
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Dividend Allowance reduced to £500 Change to Higher Rate CGT on property from 28% to 24%
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@les_cameron said: It is down to the individual scheme - I don't believe there's anything fishy about allowing a non resident beneficiary. I think it's more the practicalities of being able to pay to a foreign bank account etc. Thanks Les…
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@Wildparaplanner said: so on the assumption the scheme can pay death benefits using beneficiary drawdown, if benefits are over £1,073,100, why would anyone ever proceed with a lump sum when you can just bypass any tax via FAD? @les_cameron…
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Thanks folks, I appreciate the responses. A couple of follow up questions; If the client's existing plan is segmented could we transfer enough segments of the crystallised funds to purchase the Fixed term annuity? If it isn't could we trans…
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I did AF1 and AF5 together and passed both. It was 10 years ago right enough. I only did the two together as I figured that you can't really study for AF5 as it based on whatever is in the fact find so I thought I might as well be up to date on m…
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If you have access to Deposit Sense they do a list of banks that provide Trustee Accounts.
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Regular premium long term care insurance as a deduction from a pension fund. People pay a monthly premium via their pension fund that guarantees to cover the cost of long term care. Also, (more of a tax change rather than a product), any withd…
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@benjaminfabi said: I heard it described as 'hyper charged autocomplete' in a youtube video discussing what the current AI really is. Basically, it is searching the entire of its database and picking the next word one word at a time. Itera…
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Could you not just withdraw the £10k from the AIM portfolio that doesn't qualify when the EIS distribution is made and then add £10k from the EIS distribution to the AIM portfolio? Assuming that the AIM provider will allow this? A bit of a faf…
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I have asked ChatGPT how to do things in Excel and Word and have found it useful for that. If you are not sure what you would search for but know what you want to do then ChatGPT will usually find the answer. I've tried using it to explain som…
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@Wildparaplanner said: Anyone have any feedback on the i4c cashflow integration with the intelligent office back office system? I've given it a quick go and it's ok but not as good as Voyant. The integration seemed to work quite well b…
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Thanks Tom. I've tried searching on Centra/Defaqto Engage but there doesn't seem to be an option for providers that allow term deposits. Looks like it's filter for a list of open architecture and then make some calls.
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@TomLloyd_Read said: Apparently so, according to something I read but I can't recall where, sorry! Thanks Tom. I was sure I had seen it in an article, or possible on here, in the last week or so but I can't find it again!
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If some has died within the last few months and has an LTA issue can their beneficiaries delay making a decision on the death benefits until after 6th April to avoid the LTA charge?
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Would that not get caught by the same two year rule that applies to transfers? Abrdn's tech page suggests that it does. https://techzone.abrdn.com/public/pensions/Tech-guide-pensions-IHT#anchor_6
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Most of the EIS providers have target returns expressed as per £1.00 invested e.g.£1.20 to £1.40 per £1.00 so I would use the mid-range of these for EIS, or the average if you are using several different EIS funds. BR providers use target return…
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@Andy_Schleider said: We use Selectapension but I understand CashCalc will be releasing an offering soon. If it's any good we'll probably use that instead due to the integration with Intelliflo (plus it generally looks fresher and cleaner than S…
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We have asked a couple of providers to come in and speak to us about Shareholder Protection, Keyman cover and Relevant Life which we should hopefully be able to get around 4-5 hours from. You could try Akademia who have a few videos that would ge…
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Abraham Okusanya (the guy behind the TimeLine app mentioned above) does a load of blogs on this. Latest one was about the idea of keeping a cash buffer and is well worth a read. https://finalytiq.co.uk/cash-reserve-buffers-withdrawal-rates-old-…
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We use 'Client Support'
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Are there any slides from the day available for those who couldn't make it?
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Would it be worth looking at a whole of life policy as well as the LTA ,as part of the life cover option? It would give the client the option of continuing the life cover at age 70 regardless of their health and would mean that you would be cove…
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We use them too, however one area to watch is that if you are transferring in an existing drawdown plan with more than one tranche, then each tranche is treated separately and priced according to the value of each tranche. This can mean that the cl…
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Jona said: So, a transfer to a QROPS/ROPS whilst remaining as UK tax res means a 25% tax charge on the transfer value (i.e. LTA charge). Moving to the country in which you've just transferred your UK pension (as long as EEA) means no 25% tax c…
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Jamie_Barnes said: Have you tried Aviva Adviser Academy yet? that's completely free and has plenty of materials including shortened chapter summaries and practise tests. The practise tests tend to be more tricky than the real thing so is a good…
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Hi Andy Trusts aren't my area of expertise by a long shot but if you want to avoid the 10 year charge you could always consider a BPR product within the trust. Octopus have a good guide on how it works. https://www.octopusinvestments.com/adviser/…
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Thanks Richard, not what I was hoping to hear though. Can I ask were the errors you spotted due to things showing up when they should have been removed by filters, or things being excluded by filters that should have been included? The error …
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Thanks guys. I will check these out. We are also going to have a look at AJ Bell's Model Portfolios as these are in passives.
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I would agree with the other posters that if you are going to do two then AF5 should be one of them. I managed AF1 and AF5 together.