Nath
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- Nath
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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…
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Thanks both. I have just realised in cashcalc that although it only asks for current years earnings, you can just select a previous tax year and put the amount in and just make note of the reduced allowance if any. I would of thought you would h…
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There is some great stuff via Apricity Compliance if you sign up for newsletters and there is a 360 guide somewhere I have seen which was useful. Apricity are running free webinars.workshops too. Although after my initial research it doesn't app…
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Calibri 11, changed from Tahoma a while back.
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Sorry to hijack this thread but we are literally talking about this in the office today in relation to pension/investment switches. I am sure I know the answer but wanted someone to clarify but when adding costs into RIY calcs then this is the tota…
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As per Aron above. Complete the form and get it off to all the relevant providers.....then prepare for a myriad of calls, offers/counter offers etc. JUST GIVE US YOUR BEST RATE THE FIRST TIME!!!
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Yep we have always been told black and white and we also can't upload colour to back office system as compliance pick us up on it.
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Immediate thoughts: * If they don't take PCLS then die post 75 then subject to marginal rate tax on beneficiary so could they use for regular expenditure and stop other taxable or less tax efficient withdrawals. Also depends on amount I suppos…
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Hi Aron Just as a note, as I only just realised this the other day with my learning staement.... If you have purely done the R0's and you do 120 credits at AF level this will still leave you short for Chartered. R01 to R06 is 100 credits, plu…
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And in my opinion the most user friendly interface and cracking ongoing service/functionality.
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Parmenion. Can use Vanguard or PIM Strategic Passive option (plus many variances). Platform/Custody charge 0.3% plus around 0.2% ish for Vanguard/PIMs option. Adviser only though cannot do direct.
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I've never really understood the reasoning/benefits for bonds etc falling outside of CRAG for care fees. Why would a wealthy client the majority of their life want to hide assets from care fees and then rely on the state and what they may or may no…
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And to add, you must be a CII member to access
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It's just in an awful format (for obvious reasons and so you can't print etc), but better than nothing!
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Cheers all. I thought it must be, however, L&G are also saying they can't provide a transaction history (sorry what???) which makes things fun.....glad i'm not the paraplanner on this one, however, first glance I reckon even if it was 100% on f…
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Other problem is that if they have been taking natural income via the fund and with 17 years growth, this could be way more than the 5% allowance form original investment as well (although it says in above guide max 7.5% still). Just a little confu…
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Exactly what I would have thought and although it distinguishes between the 2 incomes in this guide it doesn't go any further from a tax perspective https://www.legalandgeneral.com/files/library/investments/product-information/portfolio-bond-product…
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Totally understood Ed...from a template perspective best to have the lot in there and then reduce as needed.
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Ed, I appreciate your review report contains some recommendations so will always be lengthier where no changes have been made but it does seem heavy on content/number of pages for a planning meeting/review. We have a meeting agenda where all the …