23Oct, 2018

Newsletter – February 2018

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Happy New Year! I wish you a happy and prosperous New Year. Life and business are full of challenges and it is a case of dealing with them as best we can. Some people’s problems are more serious than others; nevertheless, we shall all face challenges in the year ahead. Whilst I and my team may not be able to address all your concerns, there are many which we can help with: restructuring finance on more favourable terms; raising funds for a practice purchase; arranging what might seem to be a difficult mortgage; making […]
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21Jul, 2017

Newsletter – Summer 2017

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Sad News! My father, Andrew, is now in a specialist care home suffering from dementia. He is 80 this year and very frail although he is not giving up without a fight – he still thinks he has an idea or two to make money! Many of you will be grateful for the advice and guidance that Andrew provided over the years – some may not necessarily have appreciated its significance at the time but will most certainly have later on. That is one of the problems with financial advice […]
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4May, 2017

Newsletter – Spring 2017

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  Powers Of Attorney On the subject of thinking a few moves ahead, it is important not only to make a will but to implement Lasting Powers of Attorney. There are two types: Property & Financial Affairs and Health & Welfare. In the event that a parent or even both parents lose mental capacity, it is crucial that you have control of their affairs to avoid the state and social services making decisions that you do not agree with. It is not desperately expensive and could save an awful lot […]
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15Aug, 2016

Newsletter – Summer 2016 – Part 2

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“I believe in Miracles!” We, or at least my colleagues on the Chantler Kent mortgage team, have had one or two problems securing some clients a mortgage recently. Yes, this is partly due to increased compliance and regulation as well as the tightening of lenders’ terms and conditions. But it is also naivety on the part of our applicants and the non-disclosure of crucial information. Miracles we can do but the impossible takes a little longer. A young dental practitioner was referred to me by one of my ‘oldest’ clients […]
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29Jul, 2016

Newsletter – Summer 2016 – Part 1

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Dubai I went to Dubai last year at the invitation of one of my longstanding clients, a world renowned gynaecologist. The weather was great as you would expect and the hotel was exceptional with a rooftop pool, private bar and restaurant on the top floor where I could entertain potential clients. My client was talking at a conference and I sat in on some of the lectures – very enlightening! Due to regulatory restrictions, I was unable to help any of my client’s colleagues to whom he introduced me but […]
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29Mar, 2016

Newsletter – March 2016

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Auto Enrolment / Workplace Pensiosn Does this mean ‘You’? All employers with at least one member of staff and aged between 22 and the state pension age, earning above the tax-free allowance must provide, and contribute to, a pension for their staff. Many of our members have discovered setting this up is not as easy as first thought, nor is it necessarily that cheap! Yes, you can opt for the basic ‘Nest’ scheme offered by the government but, as with so many aspects if finance, there are many factors to […]
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28Oct, 2015

Newsletter – Autumn 2015

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Lifetime Allowance Reduction The significance of the reduction in the personal pension fund allowance to £1m in the last budget should not be overlooked by long serving and higher earning practitioners, especially those members of the NHS Superannuation Scheme. To avoid the imposition of an income tax surcharge on your accrued pension benefits, it is important to assess your position and take the appropriate action. If your liability is £2,000 or less then you will be obligated to paying that with your annual tax bill. If your liability is greater than £2,000 in any one year, then you can […]
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7May, 2015

Newsletter – April 2015

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Budget Pension Changes George Osborne’s recent budget reduced the lifetime pension allowance to £1m and this, coupled with the limit on annual pension contributions of £40,000 (inclusive of occupational schemes), means practitioners should be diligent when it comes to their retirement planning. It may be necessary to register for individual protection to cap your fund and prevent a tax surcharge. For those with large personal pension funds approaching £1m, we can offer various solutions which include sharing the growth with your family to avoid the 55% excess tax charge. Charges […]
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