benjaminfabi
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- benjaminfabi
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Comments
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Venngage looks nice! But not having the option to export in the free version is nasty! Check out Visme as an alternative. Also, could you spend some time designing (stealing) something from either of those in Publisher?
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Correct. 20 years is only relevant for the 5% tax deferred withdrawal.
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When Santander start to charge you you'll have a minimum monthly fee of £7.50 on all four accounts?
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No, PROD is a governance process happening behind the scenes. Plus, really, it's only putting formal rules around what should already be done.
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TP Link Powerline adapters, assuming you're on the same MCB, or any additional one doesn't break the connection needed for them to work. Used them for years as a substitute for a CAT5 network throughout the house. A separate line is an unneces…
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Natwest. Free for 18 months and gives you Freeagent accounting software for free, which saves me £40 odd a month plus who knows how much time invoicing and managing accounts?
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It depends. We could be looking at your ISA's fund charges. You might have several ISAs. So we could look at your ISAs' fund charges. The apostrophe needs to be used correctly.
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I like Clare's answer
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Problem with using percentages is that the rounding down under-values the amount used. If you have a couple of bce this isn't a big issue but if you have phased FAD over ten years it can stack up.
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The amount crystallised is revalued by the increase in the LTA between BCEs. In your example £400,000/£1,400,000 = 28.57% CPI at 2.5% for ten years makes the assumed LTA £1,792,118. The revalued BCE from age 65 is £400,000*(1,792,118/1,400,00…
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I charge mostly per case too, but you can't know what to charge without accurately understanding how much time it takes you to do, in my opinion. My simple formula is: What net income and retained profit I want to achieve, converted to required t…
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Hi, 1) No, but I do have clients on up front monthly retainers. 2) Depends. If you have to, give an indicative price. I always tell clients what I think it's going to cost, but I will also tell them early on if it is going to cost more. Caveat y…
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Hi Lizzi Looks like an odd product. Not something I would use as it looks very complex.
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I think the Ramsey principle would take effect if the gift was cash then a property was bought for M&D to enjoy. But on your original point about both equitable owners having an equal opportunity to enjoy the property, this sounds perfectly…
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Hi, Is there anything stopping you from signing up as a mentor with the CII? (assuming you haven't)
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At least one big paraplanning firm doesn't charge any vat. At least one big paraplanning firm charges vat on everything. They can't both be right. It's possible that both are wrong.
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https://www.gov.uk/government/publications/vat-notice-70149-finance/vat-notice-70149-finance "You must determine the exact nature of your supply. For it to be exempt, it must, when viewed broadly, form a distinct whole, fulfilling the essential…
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My view is that the vat status of the outsourced paraplanning supply is linked to the exempt status of the end service. For example, a suitability report for a pension switch is exempt as it forms, in its entirety, a part of the exempt supply o…
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Good points from @Wildcherry and @arongunningham I'm not sold on outsourced being the best of both worlds. As an employee of an outsourced firm you are still really an employed paraplanner, with a bit more variety perhaps. As a business owner …
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See also The Money Panel. And Catherine did a great podcast episode with the FP Training Academy where she talked a lot about the differences between her regulated and non-regulated businesses. I also wouldn't go near it. It's far easier to earn …
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O&M profiler TVC tool is very good. (not to be confused with OM Pension Solutions which operated the original TVAS system) I saw the Voyant video on the newly launched TVC and it didn't look like it was dealing with more than one slice of …
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I don't do any due diligence as such. I will generally do a bit of research on the firm before we have a proper chat about what they're after. Just the website, fca register, companies house, much like if you were going to a job interview you'd want…
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> @Rcaisley said: > @arongunningham said: > £50-£55k in London --- decreasing as the radius increases. > > Maybe £30-35k in the North? > > In Reading, where I am, I would expect £45-50k to be offered…
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@richallum based on your comments would you say you have it because other people like to see that you have it, rather than because you think that you need it? In other words, is it easier simply to answer "yes" to the question 'Do you have PI c…
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I don't have any liability. The adviser cannot outsource the responsibility for the function I perform. They can end our working relationship if I'm rubbish! My tob obliges the firm contracting me to hold sufficient PI to cover any claims any …
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If he has earnings of £250k, then a personal contribution of £160k (£128k net) and his threshold income will be under £110k and tapered annual allowance won't apply.
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Taken from https://www.gov.uk/hmrc-internal-manuals/pensions-tax-manual/ptm088630 But any pension increase which is in some way personalised for the individual, for example it occurs on a birthday of the member, is unlikely to meet the conditions…
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Hi, Thanks for posting the outcome. I don't know about the scheme pays option where the new benefit is GMP. But, on the BCE3, I'm sure an increase because of a GMP step up would be assessed against LTA at age 65.
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that is my twitter handle! If they make a personal contribution of £160k does it bring threshold income below £110k? (ie avoiding the taper)
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Went through this on Twitter a few weeks ago. Answer is 100% yes you can. £120k of carry forward and, as Aron eludes to, no possibility of being tapered if there are no UK earnings. Obviously subject to all the usual rules in the year of the c…