benjaminfabi
About
- Username
- benjaminfabi
- Joined
- Visits
- 3,247
- Last Active
- Roles
- Moderator
Comments
-
It's not a readability preference, justified text is more difficult to read than left aligned, especially for those with physical problems related to vision and those with dyslexia. Suitability reports, which are already dealing with complex co…
-
Yes. I live in that world and it's much easier. The problem is not the terminal bonus. It's having no flexibility in a compliance process.
-
If you think about what you're trying to achieve, it's to show the client a comparison of the costs they are paying vs what they would pay. As soon as the value is out of balance on one side (other than for a charges related penalty) then using a fu…
-
Hi I find the easiest way to deal with bond gain calculations is at a segment level. Each segment has its own 5% allowance and its own history of premiums and withdrawals. The maximum 5% allowance on the entire bond is therefore the initial in…
-
I think I paid about £1,500 in 2018. So I'd say anything around the £2.5k mark is about right.
-
Hi You are right to identify that you can't ignore this issue. You haven't said, but I've inferred from your references to the CETV that you are giving advice on a possible transfer. In this case you must produce a TVC to the scheme NRA (…
-
Hi, Here is the LGPS regulations site with all the guides, including annual allowance: https://www.lgpsregs.org/resources/guidesetc.php Here's a similar page for the TPS: https://www.teacherspensions.co.uk/members/resources/factors.aspx …
-
I find it varies between my advisers. My best practice is: If it's a one-off that clearly isn't likely to create a meaningful difference to a lifetime forecast, then I wouldn't bother. However, if it's a larger amount that will potentially cre…
-
Hi, There are no exemptions or allowances for cohabiting siblings. There was a lot of noise about it a couple of years ago, but nothing happened.
-
When I ran a team, we had a separate admin function within the paraplanning team. The reason being the admin a paraplanner does is specialist, but it's also too time consuming to be paying your paraplanners to do. It also created a useful bridge fro…
-
The article you've linked is probably the best single resource on the differences. Ultimately, if advisers don't want to be fully transparent about all non-mifid scope products then they don't have to be. But unless you're using a platform that s…
-
@Sam_T did you get this resolved? I had to do the same thing last week and the CII were surprisingly accommodating and did it immediately
-
I don't think you're underpaid. You've got a good qualification, but less than a year of paraplanning experience. And because paraplanning is such a broad description, no one in this thread knows what value you are adding to the business or how g…
-
I'd leave it to the bond administrator to tell you how they do it as it's their decision and their obligation to report the chargeable event to the client. Challenge them if you don't think they're doing it correctly, but if they don't agree, giv…
-
Depends on whether the bond provider is willing to classify the DIM fees as investment management fees, which are not treated as withdrawals because they're not advice fees. I'm pretty sure Utmost will allow part of an adviser's OAC to be set aga…
-
* Yes if partial * Yes always * No never * Depends
-
Defaqto. It's a tricky interface but it works and it has good coverage of features and whole of market.
-
It's rock solid Andy. You can get a desk clamp arm for zero desktop footprint. I have this stand with a desk clamp in my office. Also bombproof. I use it with a Y style kettle lead for the monitors so they only need one socket. https://www.amazon.co…
-
Two 24" side by side and the laptop monitor underneath. The problem with using three monitors is that productivity drops significantly when I'm forced to go back to one.
-
Life is too short Colin, I'd do what Richard said.
-
Hi, My first query would be whether the RACs can continue beyond age 75 at all, even without the LTA issues. In my experience mostly they all have to be annuitised or transferred anyway. Keeping the guaranteed rates post 75 is impossible if the R…
-
You have Threshold Income and Adjusted Income. If they are both exceeded then the AA in the current year is tapered. Previous years' cannot be affected by contributions made this tax year. Only the current year AA can be tapered. The only thing t…
-
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…