benjaminfabi
About
- Username
- benjaminfabi
- Joined
- Visits
- 2,871
- Last Active
- Roles
- Moderator
Comments
-
Correct 👍
-
Hi, Any transfer that is not an exempt transfer, whether it's a PET or a CLT, stops being included in the donor's estate after 7 years (calendar years, not tax years). .
-
Hi, Scheme is jointly responsible for the payment of LTA tax and in practical terms will always pay it on behalf of the member. In a DB scheme, the member will have to commute scheme pension to pay for the LTA charge, which will be 25% of the exc…
-
Bought a financial calculator a few years ago. Never used it. Not sure it would be permitted in an AF exam? Casio fx-85es for the win. been using the same one every day for many years. I've had it with me in every PFS exam I've taken.
-
They have a £40,000 annual allowance but no relevant earnings. They can carry forward up to three years of unused annual allowance, but they have no relevant earnings. They can make a £2,880 net contribution and get relief at source of £720 each t…
-
You can't avoid tax entirely by using 5% withdrawals. You defer it. potentially into the hands of future beneficiaries, and for this reason it should be avoided on distributions of capital Assignment of segments is the fair way to distribute trus…
-
I've had plenty of these cases where we've worked backwards to arrive at a value. Helpful things: * The fund hasn't changed name since it was bought * The fund has always been transferred in specie * The fund hasn't been used as a sell dow…
-
No problem. Yes it is taxable income. Relationship to the owner doesn't matter.
-
Hi Can you outline the situation better so it is clear who owns the house, who receives the income, who's wife it is (the owner's or the son's)? If the owner of a property doesn't live in it, and they receive a payment from the occupants of th…
-
Hi Mostly if you have all investments and fees within a platform that offers custom date reporting, you can get a lot, even all, of the ex-post figures from that. You should be making some effort to aggregate the data into your own report, as a s…
-
Haha hopefully 2gb not mb otherwise that would be very very silly 😂
-
It's possibly because dropbox has restrictions based on the accessing user's storage limit. If you're not paying, you'll have a small free storage amount and if they're trying to share a folder with you that's got more than that in it, you won't be …
-
Only what Gustavo says re stepping down on specific expenses. I'm not really sure what you mean about discount rate, but I would avoid using a global step up/down in inflation. I'd do a separate scenario showing a different rate.
-
If you aren't getting enough information to create a first draft basic Voyant from an adviser's initial factfind then you have a bigger problem at an earlier stage in the process. If the advisers want to put the Voyant at the front of the process…
-
I use MiCAP. I think it's come on a fair bit in the six years (!) since this thread began.
-
The Will created a discretionary trust and the bond is in it. There is no need for an additional trust deed. It looks like there is a bond, originally owned by Mrs A (mum), with lives assured of Mrs A and Mr A (husband). Mrs A died 3 years ago, a…
-
I find that sometimes, some functionality just slows to a crawl or fails while other reports work just fine. Monday night for instance, I couldn't run anything related to performance or volatility (tables or charts) at all for about 2 hours. But it …
-
The thing is, technically, if you change a fund (including rebalancing an advisory MPS - unless you have very tightly worded and rigidly applied mechanical rebalancing processes) then you should be doing a 12 month ex-ante client specific costs disc…
-
Hi, I would include an itemised difference in the costs per fund, per wrapper together with the recommendation text for the reasons behind the fund switch (obviously). Shouldn't be too hard to automate if you've got good back office data, can …
-
Hi, When I've done these before it's a case of providing a letter covering what the good and bad bits are. If you are the adviser firm, then you should be reviewing the plan at least annually as it will be invested and have costs and the client w…
-
Hi @Sam_T I asked a CISI internal panel member to have a look at this... It sounds like the member is needing to demonstrate that they have the level 4 qualification and therefore meet the entry requirement. The best way to do this is by reque…
-
moved and changed title as there is some useful stuff here that would otherwise avoid a search
-
wishing to invest cash with the hope to achieve growth higher than the dire interest rates This is a financial objective 👍
-
Hi, There are so many ways to assess this. The best I see involve a cashflow forecast that uses either: * Deterministic growth with simulated market crashes throughout. * Stochastic modelled 'success rate' planning (but I really don't like …
-
I use Go pretty much full time now. But there are lots of things it can't do still. For example, you can't set up offest mortgages, or home equity plans. There are many examples of reduced advanced settings in Go, although it gets more featur…
-
Yeah I'm not sure a topup has a right to cancel. There is an exemption section later in COBS 15, but I'd go direct to the provider and ask them
-
COBS 15.2
-
langcat here too
-
Hi, as the others have said, manually work it out and enter as deferred future entitlement, with associated flaws. Unfortunately @Nath issue on retirement date isn't the only flaw, as the single figure option won't change if big salary jumps/falls…
-
Harvest here too. Wouldn't be without it.