Nath
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- Nath
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It could be a big firm/small firm thing as the larger firm I worked for previously most certainly wouldn't offer this. I can imagine with hundreds/thousands of staff that could get costly!! Same reason why the smaller firm I work for now didn't go…
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Lol, it now sounds like a brag based on those replies @Jona and @Andy_Schleider However, it wasn't meant to be at all. It was purely to see what others are offered in their roles to get a gauge on how generous or otherwise it was. The phone one…
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Yep, employer pays for me. As an addition, what else does your employer pay for/provide in the way of benefits? It would be interesting to see what the standard is. Mine pays for the following: * CII Membership * Mobile phone (as I alwa…
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You could do both AF6 and AF8 if you wanted to that's not a problem. I haven't done either but now achieved Chartered but looking at possible AF6 for my own progression now I am in the management side of things too. I don't think anyone can answer…
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@richallum We used to predominantly use Select-a-Pension for projection comparisons for pensions but now use cashcalc for RIY comparisons and our own in house sense check on this too for all replacement business. We then put a table in the report s…
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@Abbas78600 said: Hey guys help me out I have been on RO1 for a year now failed 7 times last time I missed out on 2 marks, its stressing me out I was thinking of doing ro3 and ro4 and then come back to ro1. I have got ro5 and was just t…
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We do both in this scenario. One on a like for like basis with no advice costs and one with, to show the impact. It would be dangerous to not include advice costs as you need to show the impact these have on the plan both initial and ongoing adv…
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Hi Aron On a full surrender though, its top sliced back to the start isn't it rather than last event for onshore bonds? Pru says its only for partial you go back to last gain/event for onshore?
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Exactly my thoughts but I just started doubting myself and knew you would know the answer so thanks.
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We wouldn't use replacement policy forms ourselves to justify to FCA etc as the file/report covers it all, however, we are under a network who require this form so its their requirement. Its a pain as all the info is already there but they request …
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The directors I work with swear by Starling Bank for a business account. No fees and apparently links seamlessly with Xero. As one of the new start up banks it also has much better functionality it appears, the app is great and you can open an acc…
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Thanks Richard, funnily enough her SIPP is with Curtis Banks. However, as we can control the fact (leaving a bit of headroom in LTA now) that her DB won't get hit in 3 years at 60 and reduce the income, we can in affect ensure that the SIPP would b…
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Looking at the NHS website they state they pay and reduce the benefit but i'm just wondering if the client could state they would pay it via the SIPP. Thinking about it further I can't see it happening as client could say they would pay it and then…
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If you are a member of the CII you get all study texts here (however, its their annoying online version) but all latest exam texts here for free. https://www.cii.co.uk/learning/support/cii-study-texts/
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bug bear or bugbear??
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Cheers Ben, all makes sense.
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Perfect, yes just discussed further and totally makes sense. It's one of those things you always know but confused myself by over thinking this. For anyone using Voyant, the Pensions Detailed report is a cracking report for the numbers on all this.
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We moved from Truth to Voyant. Would never look back and find it a lot more user friendly and visually much better for clients than Truth. Both very comprehensive bits of kit but Truth just feels like a 1980s banking type system and is dated IMO.
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Just two for us. We are called Blue Wealth so went with: * Blueprint (which is our full financial planning service/top tier/more complex need clients) * Sky Blue (which is less complex needs/young accumulator type clients) Charging struct…
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As far as I am aware, its the extended basic rate band as a result of the pension contribution that is used to determine whether the taxpayers is basic rate or not. So I would say you would be able to claim the marriage allowance on this basis.
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I agree with Gustavo above. I would definitely expect any of our Paraplanners to have Diploma as a minimum, especially given the jump up in salary from Admin to Paraplanners. As Gustavo said though it doesn't guarantee a good Paraplanner and there…
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Difficult to gauge as a lot of firms now say they use it i.e. they have the licence and its a good selling tool, however, you would be surprised how many actually use this properly (IMO).
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Thanks for the reply appreciated the the FX issue is a good one so thanks for highlighting this.
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That is what the client wants to do if its an option, its knowing the options etc. The adviser is just looking to speak to a pensions tech team that may have more experience with this than him. It didn't help the correspondence from the scheme cam…
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Agree with Ben & Aron. No need to have that you are not regulated. As a side note to this, regulatory statement doesn't need to be on business cards for advisers either. Other stationery/letterhead/email then obviously.
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Thanks Alex, just finished all the calcs (I like to do manual and then use calculator so I fully understand and then can check). Pleased to say the cashcalc TAA/Carry Forward calculator matched my workings exactly which was re-assuring and did exac…
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Hi Aron, Yes ANI Adjusted Net Income above the £150K is what I meant sorry. He overpaid 18/19 tax year so assuming he can used unused from 15/16 is what I was asking.
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Sorry and again another question. Having worked out for each year what AA is remaining the client ANI is well over in 18/19 tax year and his AA was reduced fully to £10,000. However, PIA for 18/19 is £19,741.12 ER contributions. On this basis he …
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Sorry to bump this back to the top but one last question on this. For teh 17/18 tax year I have calculated that the reduced annual allowance is £26,925.11 as his ANI is £176,149.78 which obvs includes the employer cont £6,246.80. Just wanted to …
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Of course, thanks Ben. Yeah I think last years may be reduced to £10K based on figures I have and his PIA was £19.7K, however, looks as though he had full available in years prior to this so he should be well within limits. I think I may leave the…