Wildparaplanner
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Reeve's Revenue Resistor
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Was there any tax-free cash involved, and if so, who paid it? I suspect this may influence the decision.
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Thanks Les. An adviser has got me thinking again, as they mentioned "natural yield" within the pension wrapper and then gifting that yield away. However, is this even relevant if you are able to just establish a regular fixed income from the pens…
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Agreed, learnt some interesting bits on the protection front here. Hopefully you can produce more like this in the future!
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Aviva's one actually does, but it's heavily restricted on how you can take withdrawals - can only be ad hoc and not on a regular basis. They also won't accept drawdown transfers in. Feels like Aviva have shot themselves in the foot here a little...
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Thanks both, Forgive my ignorance, but why would the dividends be subject to corporation tax? I thought dividends within a life bond are exempt from tax and only interest and capital gains are taxed at corporation tax rate?
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On a side note - what is there to stop a large beneficiary drawdown pot (say £1,000,000) which is completely tax free, but the owner is now over 75 (therefore passing it on will have income tax consequences on the beneficiary), from just setting up …
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If not then I'm sure the company santa works for has a suitable gifts and entertainment register!
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Thanks everyone, has definitely been very useful and appreciate the time you've taken to reply.
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I've been quoted this excerpt from FG21/3: "You will not know whether a potential transfer is likely to result in a recommendation to another safeguarded benefits scheme when you start the advice process. So you should treat the advice process as…
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Thanks - I guess the immediate downside to keeping the loans as they are (assuming there is no waiver on death) is that the intended beneficiaries might have an issue paying this back to the estate.
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Thanks both. This particular case, the client has just met NRD on the scheme (65 female)
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I thought the rules changed so that new cash ISAs can't be opened until age 18 now?
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Does anyone have a link to the regs which i presume have now been completed?
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AIM Pension Portfolio Services? Similar to AIM ISA portfolios? Feels like it would become a thing...
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I think Prudential have a load of free cashflow tools on their website.
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I think the cost comparison is there (albeit not sure if it's personalised as haven't seen it) - i.e. your existing portfolio is X%pa and your new portfolio will be Y%pa - tick the box if you want to proceed or tick the box if you want to review oth…
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Update on this. The firm is currently intending to go down a negative affirmation route to move all clients in a legacy CIP into the latest CIP. Personally, I don't see much issue with this route, however there is a bit of back and forth going on…
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I've personally never had any issues with just the CII text book and past exam papers (all available in resources online). I did use Brand for R06 though and that was helpful and will likely use again for AF5 when i get to it.
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I'm in agreement with Andy, if an adviser can't see the reasons behind a drawdown case being more work than an ISA switch, then they're either testing you (which is unprofessional) or they're trying to get you on the cheap / will cause you issues in…
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Interesting to see what people are saying here. Essentially, without tearing up the relevant property regime legislation, you are left with only a handful of options which I can't see being as administratively cumbersome: 1) Abolish the tax-fr…
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According to the ONS, in 2022, there were 167,266 registered deaths for all under 75s, with 395,906 deaths for over 75. Source: https://ons.gov.uk/peoplepopulationandcommunity/birthsdeathsandmarriages/deaths/articles/deathregistrationsummarystatisti…
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> @les_cameron said: > Pensions are not exempt from IHT they are treated the same as any other assets using general IHT principles. > > The settlement is specifically exempt from entry, periodic and exit charges. That’s the only …
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we use research from threesixty (with additional overlay by the firm) for the above
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There have been a few queries at our firm, but as history tells you, if you make rash decisions on speculation or summary comments made in a budget speech that have yet to make legislation with all the detail attached to it, you risk putting yoursel…
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@GolfPutt21 said: Are we saying this is a potential area of concern as an adviser? I would say you need to consider the following points: 1) Did the client who has now lost capacity shown a history of making gifts and/or has conducted …
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Pretty sure that paragraph is referencing the ability for her funds to be able to be managed by a dfm. It DOESN'T say it HAS to be. What are the client objectives? If the money is needed to pay for care home fees (for example) then it's possibl…
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I'm not aware of any existing, but curious to know what objective you're trying to meet by such a policy?
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does anyone know if the formula got fixed in the legislation or if this is still outstanding?
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Thanks Les. It was just standard enhanced with no protected lump sum