› ›

HR246

About

Username
HR246
Joined
Visits
45
Last Active
Roles
Member

Comments

  • This is a bit of an old thread but I've come across it while looking for information on the merits of IoM vs Ireland for Offshore Bonds. Earlier in the thread it's mentioned that IoM bonds have 2 forms of protection - the IoM compensation scheme and…
    in FSCS & offshore bonds Comment by HR246 September 3
  • I found Scottish Widows' CRP guide really helpful for this, as well as a webinar by Royal London. It's a few years old now but should still be useful. https://adviser.scottishwidows.co.uk/expertise/individual-retirement-centre/support-you-can-dep…
    in Centralised Retirement Propositions (CRP) Comment by HR246 May 13
  • I've always found the books to be quite tricky to learn from as they're not very well written in places, and they also contain a lot of unnecessary fluff so it's hard to remember the key points. Don't stress - I think it's normal to feel a bit stump…
    in RO2 Exam Comment by HR246 April 8
  • @benjaminfabi said: Hi, The basic rate band gets extended by the amount of any grossed up pension and charity contributions. Relief at the higher rate is given on all income. It doesn't matter how much you extend the band over what …
    in CISI Level 6 Past Papers Comment by HR246 August 2023
  • Thanks for everyone's thoughts on this. I hadn't seen a rule anywhere stating that you have to include a cost comparison, but always thought it was best practice based on the guidance mentioned by benjaminfabi, and also other things I've read from p…
    in You don't need to include cost comparisons in pension switching reports ... Comment by HR246 August 2023
  • I find this tool very useful as it calculates the top slicing relief and also shows you how the calculation was done: https://www.quilter.com/help-and-support/tools/chargeable-event-gains--income-tax-calculator. I also believe the old 'short' met…
    in Onshore investment bond tax-relief top slicing calc Comment by HR246 February 2023
  • I agree that it's quite clunky and unintuitive! No particularly groundbreaking tips or tricks here, but 1) their live chat feature is usually pretty helpful if you need any help with something specific, and 2) there is an option to import a lot of f…
    in O&M Profiler Comment by HR246 January 2023
  • Thanks Les. The Pru calculator looks really helpful and I'll definitely give it a go next time I have a bond surrender case. I see what you mean in that identifying the minimum gain isn't necessarily the best thing to do. If that was my objective…
    in Bond Surrender Calculations Comment by HR246 October 2022
  • Thanks both. I have been trying to wrap my head around it and think I have made some progress. The Pru example is helpful, as is the Quilter chargeable gains calculator. I have looked at an example here https://www.moneymarketing.co.uk/view-from/…
    in Bond Surrender Calculations Comment by HR246 October 2022
  • Hi A, From memory, there isn't really much knowledge in one that builds on the other as they cover quite different things, so I think in that respect it wouldn't make a huge difference which one you do first. For what it's worth, I found Finan…
    in CISI certificate in paraplanning Comment by HR246 September 2022