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Three minutes with…

Posted on Mar.29, 2017 by in Latest News

Emma Prescott joined our team to provide administration support to the financial advisers.  Let’s find out a little bit more about here in three minutes… Summarise what you do in one sentence: Corporate employee benefit advice, administration and broking. What does a typical work day look like for you? No two days are the same as it depends on my… more


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Longevity

Posted on Feb.10, 2017 by in Latest News

Greg McClymont, the Pensions Minister in the coalition government, has produced an interesting report on an academic study of longevity. It was Mr McClymont who, when asked in an interview what it anything kept him awake at night, replied “Andy Murray’s second serve”. The conclusion reached by the academics is that longevity is being significantly underestimated and that many people… more


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Year-end tax planning

Posted on Feb.10, 2017 by in Latest News

The tax year end is approaching and calls for a review of personal finances: Pension contributions The maximum pension contribution on which tax relief can be claimed in any one year is £40,000, but if funds are being withdrawn under a flexible drawdown arrangement, then the limit reduces to £10,000 and is set to reduce again to £4,000 with effect… more


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Bank of England loose cannon

Posted on Jan.16, 2017 by in Latest News

In the past the Bank of England has usually confined its public utterances to periodic pronouncements from the Governor,and has disdained to engage in populist discussion. However, its chief economist, Andy Haldane, has recently broken cover, with results which do little to enhance the Bank’s reputation. Last Autumn, Mr Haldane admitted that he did not understand pensions, and he subsequently… more


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HMRC’s ‘snooper computer’

Posted on Jan.16, 2017 by in Latest News

The ‘Connect’ computer system created by HM Revenue & Customs to assist in identifying people who are paying less tax than is due is being used for the first time in the current tax year. Instead of relying purely on information provided by taxpayers through their tax returns, Connect draws from many government sources, banks and other financial institutions to… more


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School fees planning

Posted on Jan.16, 2017 by in Latest News

Parents wishing to give their children the benefit of a private education face startling costs.  The average fee for a boarding school is over £30,000 a year for a single pupil, and for day pupils over £17,000. Then there are the costs of extras such as clothing and equipment. After school, the costs of university education are considerable, and many… more


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Lifetime ISA penalties deferred

Posted on Jan.16, 2017 by in Latest News

The government has announced that the penalties resulting from the withdrawal of funds from LISAs before age 60 or for purposes other than the purchase of a first home will not apply until the tax year 2018/19. However, the Financial Conduct Authority has warned that these penalties would make LISAs unsuitable for anyone who might be likely to incur them.


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The writing on the wall

Posted on Jan.16, 2017 by in Latest News

HM Treasury has issued a new factsheet titled “Ways to save in 2017”, which describes Premium Bonds and the various forms of ISA but omits any reference to pensions. A similar factsheet issued in 2016 contained no such omission, and this has prompted suggestions that the government may be seeking to position ISAs – and in particular the new Lifetime… more


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Three minutes with…

Posted on Dec.12, 2016 by in Latest News

…Carl Mountain, Consultant. Summarise what you do in one sentence: I provide financial planning advice to individuals. What does a typical work day look like for you? I spend the day seeing clients or speaking with them on the phone or email.  My role is to help them reach their individual financial planning aspirations and goals.  I also liaise with… more


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The Autumn Statement in brief

Posted on Dec.07, 2016 by in Latest News

The new Chancellor’s Autumn Statement was brief, and Philip Hammond made clear that this will be his last. He does not favour the idea of flagging up in advance changes which are likely to be formalised in the Spring Budget. Nevertheless, the Statement provided food for thought. Pensions Only one change was announced in relation to pensions, and this relates… more


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Generation FS

Generation FS