Wildparaplanner
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Thanks les, would a large personal contributions of say £120,000 to utilise carry forward count to reduce this issue or would only the relevant part that uses this years annual allowance count?
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Ah that clears that up, thanks Les. As per the other post, who really cares about the LSDBA when you just use beneficiary drawdown to bypass it anyways!!
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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?
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so in other words, as far as tax-free cash is concerned, to benefit from more PCLS in the future, they need to crystallise this plan before 5th April 2024?
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This article came up recently. I wonder if this was an unintended consequence? https://archive.ph/ps6zt
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I'd like to see pensions opened up further as a potential "your life and family fund". It can then be accessed at all ages depending on the purpose: - First time buyers can access it (perhaps with maximum limits) to put towards first home with …
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I understand the quirks between a client with some form of "fixed/individual/primary/enhanced" protection and a client with no protection. My query is in relation to the tax-free cash element specifically. They will have a LSA of £268,275 from…
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In this particular case, there is no IHT issue, we are merely looking at the avoidance of the tax that would be due on the chargeable event gain which would be taxable on him if it remains joint.
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Both PCLS and LTA events fall under the BCE legislation. I don't think the tax-free element of a small pots payment is technically classified as being "PCLS" given the fact it doesn't classify as a BCE. In other words, it's an isolated event whic…
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Anyone have any feedback on the i4c cashflow integration with the intelligent office back office system?
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Thanks all
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That's what I thought - normal expenditure would work for now. I think we will go for an annual premium, as at least the admin for the client would be much simpler if they happened to gift before the premium date in the tax year and would give so…
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I think their term for "exemplar" is somewhat misleading - if you look at their "exemplar" example for assignment 3 and then read the examiner notes, it actually calls it a "fail" from memory.
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Thank you. Any idea how it compares to Synaptic?