Wildparaplanner
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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
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In this case then, given they had used 100% of the LTA pre-April 2024, there's no impact essentially?
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Not sure, but would having an execution only process in place be appropriate? That way, you give the client the choice: 1) Do you let us advise you on the best place for a withdrawal, which may take a bit more time, but may benefit you in the …
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https://www.cii.co.uk/learning/support/cii-study-texts/ If you go here and log in to your account, you have access to all CII text books (albeit it will be the 2024-25 edition now)
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@richardgough said: Referring to my Financial Planning with Trusts book (Wooley/Banner) then an IPDi does create an IIP (for tax) - as we would expect. Assuming the trustees have not mandated the income then the trust is liable to 20% (savings…
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As it says "after allowances and deductions", i would presume this means after the personal allowance and maybe the personal savings allowance has been considered, meaning he is over the higher rate tax threshold. Therefore whole gain of £7,500 is t…
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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 straight though...
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Wouldn't TAR only apply back to the point they actually owned the bond? i.e. from 16/02/2021? Or does the fact it is a pre-2013 contract mean different rules?