PeterM
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Thanks Les, much appreciated.
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I've heard something similar to your adviser @GolfPutt21 but I'm not 100% sure how it works. It's something to do with the plan paying out on second death. As a result the person with the longest life expectancy is the one that the provider wi…
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@les_cameron said: @PeterM said: @Wildparaplanner said: My opinion is that surely it wouldn't, as there is technically no safeguarded benefit being given up as they aren't entitled to any? I'm sure someone with m…
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@Wildparaplanner said: My opinion is that surely it wouldn't, as there is technically no safeguarded benefit being given up as they aren't entitled to any? I'm sure someone with more knowledge and understanding than me will set the record straigh…
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@les_cameron said: If you look at the block transfer conditions it doesn't say both transferees have to meet the 12 month rule https://www.gov.uk/hmrc-internal-manuals/pensions-tax-manual/ptm062240 My view is you apply the rule to each …
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@Sean_Fernyhough said: Is it still the case that the only provider is Canada Life? Aviva do one as well https://www.aviva.co.uk/retirement/purchase-life-annuity/
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Date of deployment for each individual EIS company held. Unless it is an approved EIS fund, the 3 year qualifying period starts when the money is invested in the underlying investee company which can be a considerable time after a client sends their…
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We don't have one either so I will be interested to see the responses to this. The Verve Group just produced a guide on Retirement Income with Brooks MacDonald that looks a decent starting point on CRPs. https://weareverve.co.uk/free-stuff/
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We don't take ongoing fees for VCT or EIS for the reason you mention. Essentially if it goes wrong after you have invested what can you actually do as an adviser? Not much unless it is past 5 years for a VCT as you would be advising someone to se…
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Dividend Allowance reduced to £500 Change to Higher Rate CGT on property from 28% to 24%
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@les_cameron said: It is down to the individual scheme - I don't believe there's anything fishy about allowing a non resident beneficiary. I think it's more the practicalities of being able to pay to a foreign bank account etc. Thanks Les…
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@Wildparaplanner said: so on the assumption the scheme can pay death benefits using beneficiary drawdown, if benefits are over £1,073,100, why would anyone ever proceed with a lump sum when you can just bypass any tax via FAD? @les_cameron…
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Thanks folks, I appreciate the responses. A couple of follow up questions; If the client's existing plan is segmented could we transfer enough segments of the crystallised funds to purchase the Fixed term annuity? If it isn't could we trans…
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I did AF1 and AF5 together and passed both. It was 10 years ago right enough. I only did the two together as I figured that you can't really study for AF5 as it based on whatever is in the fact find so I thought I might as well be up to date on m…
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If you have access to Deposit Sense they do a list of banks that provide Trustee Accounts.
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Regular premium long term care insurance as a deduction from a pension fund. People pay a monthly premium via their pension fund that guarantees to cover the cost of long term care. Also, (more of a tax change rather than a product), any withd…
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@benjaminfabi said: I heard it described as 'hyper charged autocomplete' in a youtube video discussing what the current AI really is. Basically, it is searching the entire of its database and picking the next word one word at a time. Itera…
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Could you not just withdraw the £10k from the AIM portfolio that doesn't qualify when the EIS distribution is made and then add £10k from the EIS distribution to the AIM portfolio? Assuming that the AIM provider will allow this? A bit of a faf…
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I have asked ChatGPT how to do things in Excel and Word and have found it useful for that. If you are not sure what you would search for but know what you want to do then ChatGPT will usually find the answer. I've tried using it to explain som…
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@Wildparaplanner said: Anyone have any feedback on the i4c cashflow integration with the intelligent office back office system? I've given it a quick go and it's ok but not as good as Voyant. The integration seemed to work quite well b…
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Thanks Tom. I've tried searching on Centra/Defaqto Engage but there doesn't seem to be an option for providers that allow term deposits. Looks like it's filter for a list of open architecture and then make some calls.
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@TomLloyd_Read said: Apparently so, according to something I read but I can't recall where, sorry! Thanks Tom. I was sure I had seen it in an article, or possible on here, in the last week or so but I can't find it again!
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If some has died within the last few months and has an LTA issue can their beneficiaries delay making a decision on the death benefits until after 6th April to avoid the LTA charge?
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Would that not get caught by the same two year rule that applies to transfers? Abrdn's tech page suggests that it does. https://techzone.abrdn.com/public/pensions/Tech-guide-pensions-IHT#anchor_6
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Most of the EIS providers have target returns expressed as per £1.00 invested e.g.£1.20 to £1.40 per £1.00 so I would use the mid-range of these for EIS, or the average if you are using several different EIS funds. BR providers use target return…
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@Andy_Schleider said: We use Selectapension but I understand CashCalc will be releasing an offering soon. If it's any good we'll probably use that instead due to the integration with Intelliflo (plus it generally looks fresher and cleaner than S…
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We have asked a couple of providers to come in and speak to us about Shareholder Protection, Keyman cover and Relevant Life which we should hopefully be able to get around 4-5 hours from. You could try Akademia who have a few videos that would ge…
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Abraham Okusanya (the guy behind the TimeLine app mentioned above) does a load of blogs on this. Latest one was about the idea of keeping a cash buffer and is well worth a read. https://finalytiq.co.uk/cash-reserve-buffers-withdrawal-rates-old-…
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We use 'Client Support'
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Are there any slides from the day available for those who couldn't make it?