11Nov, 2014

Are we on the brink of a share price plunge?

By: | Tags:

The above heading in the Money Mail back in June provided a stark warning to savers eagerly anticipating the increase in the ISA allowance to £15,000, effective from 1st July.  This was a dramatic headline, but the facts and figures behind it should not be ignored.  Indeed, our own in-house analyst has been increasingly concerned about a serious correction, if not necessarily Armageddon, for over eighteen months now.  The article revealed that a survey of fund managers across the globe by Bank of America discovered that the average fund manager […]
READ MORE

7Mar, 2014

Venture Capital Trusts (VCTs)/Enterprise Investment Trusts (EISs)

By: | Tags:

In such an oppressive financial environment in terms of the tax and national insurance burden, it is important for advisers and accountants to ensure that clients are aware of how they can mitigate their liability whilst maximising income and investment returns. VCTs and EISs have, hitherto, been perceived as offering a high degree of investor risk in return for the tax breaks but, through Chantler Kent Investments, we can now provide investors keen to mitigate their tax liability the benefits of a VCT or EIS, with a number of discrete […]
READ MORE

7Mar, 2014

New ISAs

By: | Tags:

The New ISA (NISA) limits are being increased to £15,000pa from July. This is a welcome change allowing couples to shelter up to £30,000pa plus a further £4000 per child into a Junior ISA or Child Trust Fund. It is especially beneficial for those who are being hit by the restrictive pensions rules already referred to. Savers in JISAs and CTFs should appreciate that the money is the child’s at 18 and they may not share their parents’ ideas as to what it might be best spent on! It should […]
READ MORE

7Mar, 2014

Disappointed?

By: | Tags:

Unhappy with the performance or return on your investment? There may be a sound reason for the apparent poor performance of your pension or investment but that doesn’t mean we cannot address the problem. Does the pension or investment match your attitude to risk? Can you move the funds to suit changing economic and personal circumstances? Some self-select and on line facilities permit this but usually they rely on you making the decisions, which is why they are ‘cheap’! Can you really trust yourself to do this? Do you honestly […]
READ MORE

7Mar, 2014

Pension Surcharge

By: | Tags:

The Lifetime Allowance reduced from £1.5 million to £1.25 million on 6th April 2014. For those of you that have been in the NHS scheme for some time and with significant pensionable earnings, there is a real possibility that the Lifetime Allowance will be exceeded. For those of you that are close to the lifetime limit, you may have registered for ‘Fixed Protection’ before April 2014. Fixed protection is only effective if any further accrual is within statutory limits which, for the NHS scheme, is effectively an increase in pensionable […]
READ MORE

7Mar, 2014

With Profits Plans

By: | Tags:

The annuity issue is actually only one problem for pension savers. In fact, there are several issues with which savers and their advisers should be concerned. Steve Webb, the pensions minister, is currently instigating a review on pension charges, looking at older pension contracts with annual management charges that can be as high as 2.3%. In addition to this, where charges are not transparent, the additional issue of poor annual bonus rates payable on With Profits plans. A headline in the Money Mail on February 26th referred to ‘With-Profits plan […]
READ MORE

7Mar, 2014

Rip Off! What Rip Off?

By: | Tags:

I have a veritable library of financial articles and it is quite amusing to look back at what was written years, months and even just a few days ago. One I have been sitting on is from The Telegraph dated last November and asks ‘What about annuity rip–offs, minister?’. The speed with which events outside our control can impact upon us is sometimes quite breathtaking and often they are to our disadvantage. Events such as the Russian annexing of Crimea can have a sudden and dramatic impact upon global economies […]
READ MORE

7Oct, 2013

Workplace Pensions

By: | Tags:

The implementation of NEST (the National Employment Savings Trust) has begun and all employers should be aware of their responsibilities and obligations in this respect. Also known as Auto-enrolment, employers have an obligation to set up a company pension scheme for its employees, as well as contributing on their behalf. For practices or business of less than 30 employees, implementation is not necessary until April 2018. Employees will be required to contribute 1% of their pre-tax salary, rising to 5% by October 2018, with employers also contributing 1%, rising to […]
READ MORE

7Oct, 2013

Specialist Medical Solicitors

By: | Tags:

Medics and dentists should only too readily appreciate the importance and value of the specialist practitioners within their sectors. The use of specialists within financial services is no less important but, for some reason, it often seems to be overlooked. We regularly receive telephone calls and emails from members asking questions that require specialist knowledge and experience to answer. At MediClub, we will refer members to the relevant specialist when and where appropriate. One such specialist is the solicitors, Morrisons, based in Redhill. With other offices in the South East, Morrisons […]
READ MORE

7Oct, 2013

Child Benefit Tax On High Earners

By: | Tags:

If you or your partner has a personal income of more than £50,000 and one of you receives Child Benefit, then you will be liable to this new charge. If your income is in excess of £60,000, then the charge is equal to 100% of the amount of the Child Benefit received. A sliding scale is applied on income between £50,000 and £60,000. If you are self-employed, then the charge will be applied through self-assessment. If you are employed, then your tax code will be altered accordingly, so that you […]
READ MORE