richardgough
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@Caro I'm sorry I dont know
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@Caro Feedback from me on the first session. Saw the announcement on FaceBook; used link to request invite; emailed back to say 'someone would be in touch' - this of itself seems bonkers - why wasn't a teams invite email just sent out straight aw…
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If a key reason for the client is to make use of passing pension (as a pension) down the generations then this automatically provides a reason for excluding SHP (and probably most workplace schemes too). Your file needs to show you considered SHP…
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Our process: We use Fact Find to gather mostly 'hard' data (but not expenditure). For policies/investments etc this is just basic plan name, provider, policy number. For expenditure we have a spreadsheet for clients to complete. This excludes anyt…
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@richallum Can you download other pdfs from FE? We use Edge and I dont always see the pdf appear in a pop up but are in the download drop down for Edge. (something to do with Edge settings I think)
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I too have times when it wont complete work.
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Hi @benjaminfabi Thanks for your input - I was hoping you would Where the changes are more complex than a simple fund A to fund B switch I am now thinking that a generic 'current portfolio' cost v 'new portfolio' cost based on an appropriate va…
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@TimMatthias Thats what we have been doing. Being told that perhaps we don’t need to but at the moment there is a lot of ‘our interpretation’ and ‘we think’ behind that which I’m uncomfortable with. Want to see if anyone has a definitive view …
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@TimMatthias said: I always give the increase or decrease in % and £ terms, with a breakdown per wrapper and an overall total for the £. Client specific figures or generic for each wrapper?
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Yes, this does help. You have a discretionary Trust. The wording is clearly creating a discretionary trust. Chargeable gain taxed to Trustees at Trust Rate.
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Hi Amela, Also, adding some clarity to my last post, the reason I said “How would the provider know” regarding a trust is due to generally poor training and / or experience and understanding of executorship / trusts etc. By definition of the rol…
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The bond provider won't be of any help on this. They are confirming something they cannot possibly know without reading the Will and only then if they have recorded it correctly on their database. I suspect they only asked for a copy of the Grant of…
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To start you need to see the Will of the deceased from 3 years ago - you need this to understand in what capacity the 'policy holders' are working in - executors or trustees. I suspect trustees in which case the Will gives you details of the trust …
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Forget the title; consider the benefit. Exams test knowledge at a certain point in time. The CFP Case Study assesses our ability to make use of that knowledge in a challenging client scenario. The combination of both gives (in my view) a formidab…
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Metro Bank.
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Ms Gill Steel TEP LLB ATT MBA Membership category: Full Member i LawSkills Ltd Rose Cottage, Woodman Lane, Sparsholt Winchester Hampshire SO21 2NS United Kingdom Email: gill.steel@lawskills.co.uk Telephone: +44 (0)1962 776442 Website: w…
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Pure admin errors which you are just trying to get resolved correctly are not covered by the CMC rules (as I understand it). However, if t is more complex and requires rectification of a more serious nature or compensation then this is likely to fal…
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Chargeable gains reporting comes under self assessment. Client is only required to report to HMRC if they are aware that they owe additional tax or if they are requested to submit a return by HMRC. Therefore, if no additional tax liability arises …
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Type of trust is important to see if the gifts are Chargeable Lifetime Transfers or PETs. For assessing your client's estate for IHT purposes you look back at premiums over the past 7 years (it is NOT the trust fund value you use). Depending o…
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Gross. This then feeds through on standard charts as nominal figures. You can then view in real terms using inflation adjusted charts.
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We are using File Haven for this. Not had any push back from clients. Desktop / web / app based. Easy invite process - just an email via File Haven to client. Very high level of encryption / security and it's all in the UK. Run by people who unde…
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I see on FaceBook that Richard Marshall of Marshall Wooldridge in Leeds is looking - don't know if they would consider someone remote working if geography isn't good.
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Yes. Bond gain tax calcs from Old Mutual or Pru will help show the impact of this strategy.
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Draft spreadsheet re my last post
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OK. Can do this but think =IFS(...) formula would not work as too many variables. From what you say your variables would be best assessed on a policy by policy basis with drop down menus. So we have for each case: Case Type; Case Complexity; Time…
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Does this help?
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We have a target return linked to client's agreed risk profile. We sue that rate of return irrespective of what the actual investment is. I would have thought that overall it makes very little difference to a financial plan forecast to finesse rate…
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Without discretionary management each client has to be written to individually. We sned vast majority electronically - letter, KIIDs etc. Where we can we sue Trasnact's online system to send reports, clients agree and trades are done autoamtically. …
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There aren’t any.