Jona
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- Jona
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Nice one; thanks @benjaminfabi
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Free Standing AVCs don't tend to have any interplay with DB benefits. They are free standing from the employers DB or other main scheme and are essentially a GPP. It's the in-house AVC arrangements that can be used for PCLS under the main scheme. …
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@ParaP We have similar issue with XPlan - its bobbins. We used Salesforce to build our own CRM if you are looking at alternatives....
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Canada Life Int have some good briefing notes around this topic - but I would definitely be referring it to an accountant. It's tax and should be dealt with by a taxation professional.
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@parawhat similar to @arongunningham Retirement is always on the table as a discussion point and it is advisers skill to get them to formulate this into an action plan as the time draws nearer. By 2 years out you would hope to be dealing with s…
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Hi @arongunningham yes considered DA as well but the "safety net" of a network is preferred at this stage.
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It a fait accompi isnt it - the pension moving from mother to son - you've not given advice on that aspect. So is all you really need a withdrawal report (if he intends to take any now) and/or an investment rec?
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Depends on how the loan trust is set up - if bare/absolute then tax falls on the beneficiaries so GIA not a problem. If discretionary then you've got the whole relevant property regime and the taxation issues that presents and the bond wrapper keeps…
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Going through the same process at the moment @Clare_Weight We have taken the view that it is unfair to expect an admin to have the required technical knowledge so it is only the most vanilla (no technical knowledge required) tasks that are being …
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https://www.drewberryinsurance.co.uk/employee-benefits/shareholder-protection-insurance Blowing our own trumpet.....
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Yep if you've got the accurate data then good old fashioned excel.
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https://library.croneri.co.uk/cch_uk/wfpt/5-7 is a simple example.
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Nice - not seen that before.
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Yep the Pru calculator is my go to as well.
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Yep - little and often works for me.
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We have to use XPlan as it is ingrained into our networks processes, but....... It's so bad we've actauly built our own CRM using Salesforce and use that on a day to day basis only uploading to XPlan the min we have to for compliance checks, fees…
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Thanks both for your input.
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@Nathan I get your concern about making the client jump around between report and appendix. Perhaps in the report leave the detail the client cares about "platform X as its cost effective, gives you the tax wrappers you need, has FAD that allow t…
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Struggling to think of a reason as to why they would be different.... Surely inflation is inflation regardless of whether you are 64, 65 or 66. Although we are talking about the FCA....
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You only pay the effective 60% on £23,700 (18/19 TY) - so if £30K paid it would not be the full 20% back....
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Beg's the question of what the estate executors where thinking...
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If the cash is in the minor child's hands then you are somewhat stymied. Pay it to mum - mum holds it for her until she needs it......
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The estate executors should be able to set up the Trust.....
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Bare Trust.... will revert to kid's name at age 18 (rather she can claim it) Parental Gifting £100 interest rule will apply, but on 75K on a 4 month period.
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Could the position be swayed by the client's cash flow? They simply don't have the spare income and would prefer the scheme pays.....?
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@Nath when I try and launch the "pension calculator" I get an internal server error - as do others here.....
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Thanks @richardgough
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This has broken again..... Does anyone know of any reliable pension shortfall calculators out there? (not MAS one)
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@Andy_Schleider said:"..... if the paraplanner does the fact find interview, the research and report, what exactly does the adviser do?" I does beg the question doesn't it. Can you not CF30 a firm / brand and just have a team of paraplann…
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Someone (a provider) did a table on this. Similar to this https://www.youinvest.co.uk/sites/default/files/AJBYI_Guide_to_annual_allowance_tapering.pdf But more in depth. Cannot remember who at the mo - will keep looking.