Nath
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- Nath
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Thanks for clarifying @richallum
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@richallum I saw on twitter someone had called them to confirm if ER contributions were accepted and they said it was? Have you contacted them?
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It will be useful for a certain section of the market no doubt. Fees as expected low as well. Will be interesting to see what it offers from a drawdown perspective and not just the options but how functional it is.
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They all their own employee management charge usually but this might help: https://thepeoplespension.co.uk/compare-auto-enrolment-workplace-pensions/ If NEST just removed the 1.8% initial charge on regulars it would actually look okay!! I would i…
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I think the key with it especially when showing the impact on cashflows is the link to inflation in relation to the growth of assets. Our forecasts for cash in Voyant are 1.5% below inflation and for Pensions/Investments we go 1.5% above inflation …
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Do you use Voyant? There may be some limitations, but it should be able to plug in the numbers inc salary exchange and give you a clearer picture. I agree, first thoughts though no brainer to continue and get the employer conts. 75% of something …
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https://www.gov.uk/guidance/pension-schemes-protect-your-lifetime-allowance#check-your-existing-protection Follow this once set up and should be easy to find
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I agree with everything you are saying but we compare as per your second scenario showing the new transaction cost. We know its not like for like and unfair but this is the world we live in (and what a mess it is). As you say, the transaction cost…
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Yep Voyant does this and we have looked at this on many cases. Also with a view to taking more from the pension but being taxed on this from an income perspective but reducing the LTA charge. To be honest, there is not usually much in it and we ba…
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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.