March 1st, 2010
Maybe you’ve achieved everything you promised yourself already - or perhaps some good intentions have already fallen by the wayside?
One of the best things you can do is contact EBS for a financial spring clean - we do all of the hard work leaving you to sit back and benefit from the long-term results.
A sample of the things we can do to help includes:
Pensions
- Do you understand what benefits you have, where they are, what you are investing in and, most importantly, what you are likely to get back and when?
- Do you know whether you are affected by any of the restrictions imposed during last year’s Budget and pre-Budget Report? Are you clear what this means and what your options are?
Taxation & Investments
- Do you have total taxable income of £100,000 or more? If so we may be able to restore some of the income tax personal allowance which you are set to lose from 6th April 2010.
- Have you taken advantage of the tax-free ISA savings allowance for 2010? Remember, this allowance actually increases on 6th April 2010.
Mortgages & Family Protection
- Do you have a valid will in place? Does it still reflect your current wishes?
- Would you benefit from understanding a little more about how your estate could be impacted by Inheritance Tax or the need for someone in your family to require residential nursing care?
- Are your life assurance and pension benefits written under trust (or appropriate nomination) to ensure that in the event of your death benefits are paid to your chosen beneficiaries in the most tax-efficient manner possible?
- Is your mortgage due for review in 2010? Find out what planning you need to undertake now to ensure you can access the best available deals.
These are just a few of the money-saving suggestions we can implement for you - an initial consultation is available at our expense and is free from obligation.
We also don’t make you run on a treadmill….
Posted in individuals |
February 26th, 2010
It’s that time of the financial year to make sure that you have taken advantage of one tax allowance that has not been reduced and has in fact been increased for anyone over 50 during the current tax year. We have broken the process down into 5 easy steps to help you take advantage of this tax priveliged investment with the minimum of fuss.
We have a number of downloadable PDF files with more information which you can get by clicking on the below links:
For further information please contact EBS.
Posted in individuals |
February 26th, 2010
With 2010/11 income tax codes landing on doormats at the moment, anyone with total earnings of £100,000 plus could be forgiven for thinking that less is certainly not more…
As we have reported previously on this site, anyone with total earnings (including rental & investment income) will see their income tax personal allowance reduced by £1 for every £2 earned over the threshold, meaning that it will disappear once earnings reach £112,950. This creates a marginal rate of tax on the band of income £100,0000 - 112,950 of 60% resulting in an additional income tax bill of £2,590 where the entire allowance is removed.
The good news is that there are prudent financial planning decisions which can be taken to reclaim this valuable allowance. If you or your organisation would like to learn more, please get in touch.
Whilst we’re dishing out the good news, please don’t forget that for anyone with earnings of £130,000 or more (including in any one of the previous 3 tax years - this figure includes the taxable element of redundancy payments) there could be restrictions placed on the amount of money which can be invested by them or their employer into pension arrangements from 6th April 2010 (for anyone earning £150,000 plus) or 9th December 2010 (£130,000 plus) without creating an income tax-charge. Again, for full details please speak to EBS.
Posted in business, individuals |
December 14th, 2009
In its annual survey of 50 of the largest occupational pension schemes in the UK, the Occupational Pensioners’ Alliance (OPA) has called on The Pensions Regulator (TPR) to take action preventing Finance Directors, or employees reporting to Finance Directors, serving as pension scheme trustees.
Referring to current TPR guidance on conflicts of interest, the report states that “OPA believes that Finance Directors should be disqualified altogether from being scheme trustees…and urges the Regulator to intervene.”
For a copy of the full report visit: http://www.opalliance.org.uk/docs/2009survey.pdf
Posted in business |
