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

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

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

Statutory Sick Pay (SSP)

Posted on Nov.24, 2016 by in Latest News

Statutory Sick Pay (SSP) is £88.45 a week for up to 28 weeks. You need to qualify for SSP and have been off work sick for four or more days in a row (including non-working days). You can’t get less than the statutory amount.  You can get more if your company has a sick pay scheme (or ‘occupational scheme’)  so… more

Fair dismissals

Posted on Nov.24, 2016 by in Latest News

You must have a valid reason for dismissing an employee. Valid reasons include: their capabilty or conduct redundancy something that prevents them from legally being able to do their job, eg a driver losing their driving licence There could be other fair reasons too – these are sometimes called ‘other substantial reasons’.  For example, you take on an employee to… more

Leaving the European Union

Posted on Nov.24, 2016 by in Latest News

On 23 June the UK voted in the EU Referendum to leave the European Union. While it’s not clear yet how, when or what amendments will be made to workplace law, it is possible to predict those areas that are the most likely to change.  The following areas could see change. Immigration: free movement – Following the vote, the EU… more

National Minimum Wage and National Living Wage rates

Posted on Nov.24, 2016 by in Latest News

The hourly rate for the minimum wage depends on your age and whether you’re an apprentice. You must be at least: School leaving age to get the National Minimum Wage aged 25 to get the National Living Wage – the minimum wage will still apply for workers aged 24 and under. Current rates: These rates are for the National Living… more

Should employers take commission, overtime, bonuses and extra allowances into account when calculating holiday pay?

Posted on Nov.24, 2016 by in Latest News

Yes, employers must take into account commission, overtime, bonuses and extra allowances when calculating holiday pay. From a practical point of view most employers should assume that many of the extra payments they regularly make to employees must be included when working out the appropriate amount of holiday pay. Assuming employees are given 28 days holiday the extra elements only… more

No comment needed!

Posted on Oct.05, 2016 by in Latest News

The Financial Ombudsman Service has issued a table showing the number of complaints lodged against financial advisers. The three worst offenders were Sesame, the adviser network, which accounted for 160 complaints, and restricted advisers Openwork and St James’s Place, which  accounted for 80 and 58 complaints respectively. A testimony to the importance of seeking independent and conflict-free financial advice! For… more

Pensions advice allowance

Posted on Oct.05, 2016 by in Latest News

Under proposals published by HM Treasury, pension savers would be permitted to draw £500 tax-free from their personal pensions to pay for advice on retirement planning. No decision has yet been taken as to the minimum age at which the withdrawal could be made, but this is likely to be less than the age of 55 at which other withdrawals… more

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Generation FS

Generation FS