Our Response To Government Consultation

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Anti-Avoidance

  As has been the case in most recent budgets, the 2017 Spring budget included several anti-avoidance measures. Some refer to quite technical schemes which would not normally impact on the advice we give – for example the closure of a loophole that allowed companies to convert capital losses to trading losses through appropriations to trading stock. But there were a couple of measures I believe will be of interest to many advisers. (more…)

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This blog is in response to the Government's consultation regarding pension scams, which can be found here: https://www.gov.uk/government/consultations/pension-scams/pensions-scams-consultation   The purpose of this response is to contend that a blanket ban on cold calling regarding pensions is counterproductive towards the Governments desire to ensure that members of the public have pensions, pensions that are suitable for their desired retirement, and unlikely to achieve the goal of reducing pension scams. (more…)

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blackfriday   There were no major surprises in this year’s Autumn Statement which are significant for our clients and prospective clients in general.   downing-street-e1436455266668   The various changes in tax that were announced were, as is often the case, simply confirmation of announcements previously made.  This is even the case with tax avoidance measures, for example the move to restrict the tax benefits of salary sacrifice schemes (and the fact that this restriction will not apply to salary sacrifice for pension contributions).   (more…)

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No, I am afraid this is not an article about the results of a football match or the merits of a particular team.  Rather it is about the implications of Court of Session decision on an Employee Benefit Trust (EBT) enjoyed by both players and executives of Rangers Football Club. This decision could have far reaching consequences for many of us, not just clients and their advisers involved in EBT schemes. photo.1439736637365.748f240b24fb (more…)

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Advising clients on wills and trusts, or at least knowing where to refer them to get the best such advice, is something all financial advisers should consider part of their normal routine.  Done properly, this allows clients to benefit from similar structures to those enjoyed by the Duke of Westminster and can also be a very good income stream for an adviser’s practice.   640px-Upper_Belgrave_Street,_Belgravia_-_DSC05404 (more…)

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