arongunningham
About
- Username
- arongunningham
- Joined
- Visits
- 2,398
- Last Active
- Roles
- Member
Comments
-
Wouldn't it better to contact her rather than ask her to contact you?!
-
because of this precise issue (or if the fund values have decreased) we are stating what the % charge is i.e the ongoing advice charge is 0.50% pa and the £ value that relates to. We aren't calculating the % of the end of period value in the tabl…
-
yeah agree with 23 (or last time a gain was made)
-
^Yep. It's very much the 'file' that most me comprehensive, not the suitability letter itself. There's probably extensive research showing the readers will switch off after x pages (less than 200!), so what's the point.
-
150 pages. Is it a really big font size?
-
In reality, it's a one-time deal to take the lump sum. Every other method of withdrawal (Annuity/Drawdown) will be taxed via PAYE and so the 25% penalty will be applied in that case. In other words, unless you've specifically instructed the ex…
-
Provided you all have use of the property and equally share the running costs, the Taxman will accept that there is no reservation of benefit and so not part of your estate for IHT. Once you have transferred the property into joint names you need to…
-
No, I think it would be more common to see firms using laptops connected to TVs (for the same reason)
-
I think @Jona is referencing a 2 year period, which seems fair. I think repaying fees is wrong (up to that point you're not to know a client is going to go AWOL). Also 1 year time frame is too low. What if the client (who tend to be of a certain …
-
We have been trying to figure out what to do with clients who are unable to attend an annual review meeting. The issue being how can you confirm ongoing suitability without talking to them first. The extreme end of the solution would be to retur…
-
I'm not sure you've explained the situation enough, but it's fair to say that the FCA don't have any regulations that would force the clawback of adviser fees
-
I'm not sure if I should have done £1,500 (which would be £1,200 net contribution if Sal Sac not used), if so: To contribute £1,500 and move to salary sacrifice, you can enhance the contribution to £1,764.70 and have the same net pay (as you woul…
-
To contribute £1,200 and move to salary sacrifice, you can enhance the contribution to £1,411.76 and have the same net pay (as you would if you paid from net pay). The employer (if 5%) can contribute £1,569.58 to achieve the same as 5% plus NI, 1…
-
what is the standard employer contribution - 5%?
-
this is a god-send: https://adviser.royallondon.com/pensions/supporting-your-business/tools/salary-exchange-calculator/ If you state their pre-doing-any-of-this salary, we can compare calcs? EDIT: Actually, this calculator is for working out h…
-
It's probably lower than you'd imagine for those that do use it. Having knowledge of how many use cashflow is useful, so you can claim to be a trailblazer if you do it too. But if the adviser wants to see if they need to do it, that's the wrong a…
-
That's right - income direct to beneficiary means there's nothing for trustees to report. CGT however remains with the trust - and a 50% allowance is available. Capital always with Trust. Income can be Trust or Beneficiary.
-
I would think the cost to the IFA for outsourcing paraplanning plus VAT is still lower than the cost and aggro of having an internal Paraplanner?
-
I don't know the answer for certain - but I would assume you would have to charge VAT. You, individually, don't have the engagement with the client to benefit from the exemption.
-
Not sure because he has to give up £200,000 of his liquid assets.
-
You could weigh up the option of putting the house into trust for the benefit of the children. This wouldn't regain the RNRB because there is no house owned by the settlor (it's now owned by the trust) but he would save IHT. The kicker is the cos…
-
When you say the £2m threshold are you referring to when the RNRB becomes non-applicable? Do they have children to hand the property to? (I'm just trying to determine if £2m is really important - otherwise you'd be aiming to reduce to £650,000…
-
I'm hesitant because some calculators use the old school top splicing method, I know CashCalc doesn't - so hopefully there's will be back online ASAP
-
I've not used Focus Solutions, but love CashCalc. Not only for it's cashflow but useful to use for other tings like Inc Bond gains and Tapering AA. I agree it lacks Tax in their cashflow but I would guess that this is something they're looking…
-
That's not been my experience, to be honest. I have been employed in all those roles and can wholeheartedly say that managing client relationships (whilst needing to have the technical knowledge that a Paraplanner also has) is much harder than be…
-
It's all tied into the industry still not really being able to pin down exactly what a paraplanner is. That coupled with regional differences in salary, mean salarys are infinitely variable!
-
do you have to write an unsuitability report for taking PCLS? (Seriously)
-
Yep it's fine. I think the newer 'regulated' version was created just for new advisers to go through the R01-R06 route more simply. But they are exactly the same grade.
-
I spoke to a friend of mine at the weekend who's coincidentally an IFA - he's paying £50k for a diploma qualified and experienced paraplanner in Reading.
-
no one said comic sans, so that's good