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Technical articles

Market declines should be seen as opportunities, not threats

10 July 2018
As the mid-point of 2018 passed, almost every equity market in the world was lower than at the start of the year. Europe, Japan and the UK were down by between two to four percent, while many an emerging market ...

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Summer 2018 update: some recent developments affecting trusts and estates

10 July 2018
There have been some recent interesting developments in the area of trusts and estates that affect financial planning.

To top up or not to top up – that is the question

26 June 2018
The introduction of the new single tier state pension in April 2016 brought with it a change to the minimum number of years of National insu ...

Investing for children: Part 1

26 June 2018
INTRODUCTION Given the rising costs of education, be it private education or further education, and the difficulties children often face whe ...

Is Italy really in crisis?

12 June 2018
The word ‘crisis’ is defined in the Oxford English Dictionary as “a time of intense difficulty or danger”. This implies that it is extreme c ...

Bringing a trust to an end »
A recent question asked by an adviser has raised an issue which, while seemingly straightforward, may not always be so.   Some time ago Mrs C created a “Bypass trust” as a potential recipient of the death benefits under her pension scheme. Like most such trusts, the trust was created with only £10. Under this particular trust the settlor named a protector, i.e. the person who would exercise certain rights after the death of the settlor. Obviously, nothing much was going to happen with this trust until the settlor died and the death benefits became payable. The settlor named her husband as the protector (again, the usual choice for married individuals). Unfortunately, the couple are now in the process of divorcing and it has come to light that the trust did not include any provisions for the removal or change of the protector. It was therefore decided to terminate the trust. So, how could this be done?
The OTS review of business reliefs »
The Office of Tax Simplification (OTS) has published a paper considering key events in the lifecycle of a business, with the intention of improving the “user experience” by simplifying the tax system and the way it is administered.
Inheriting the State Pension »
On 6 April 2016 we saw the move to the new flat rate state pension, which meant significant changes for those reaching state pension age. Some people would need to make up contributions to 35 years where they previously thought 30 would be enough and some will not receive anything because they have less than 10 years credits.  
The OTS review of business reliefs »
The Office of Tax Simplification (OTS) has published a paper considering key events in the lifecycle of a business, with the intention of improving the “user experience” by simplifying the tax system and the way it is administered.
Inheriting the State Pension »
On 6 April 2016 we saw the move to the new flat rate state pension, which meant significant changes for those reaching state pension age. Some people would need to make up contributions to 35 years where they previously thought 30 would be enough and some will not receive anything because they have less than 10 years credits.  
New year; new mortgage welfare safety net; new resolution…. have mortgage “Plan B” discussions! »
As you read this, we’re just weeks away from the biggest reform to the mortgage welfare safety net in seventy years as Support for Mortgage Interest (SMI) switches from being a benefit to becoming a DWP loan which will be subject to rolled-up compound interest, a property charge and being repayable on change of property ownership.
New year; new mortgage welfare safety net; new resolution…. have mortgage “Plan B” discussions! »
As you read this, we’re just weeks away from the biggest reform to the mortgage welfare safety net in seventy years as Support for Mortgage Interest (SMI) switches from being a benefit to becoming a DWP loan which will be subject to rolled-up compound interest, a property charge and being repayable on change of property ownership.
Book sale »
You may have heard that we are on the move! In advance of the CII/PFS office move, Knowledge Services is updating our print collection and looking to significantly increase the number of eBooks available to all members.
The helicopter perspective »
The world has increasingly become focused on the short term, and is at odds with our industry tenet of aiming for investment returns over the long term. This means that the media focus on events that might take place over the next few weeks or months, whereas we are trying to look at much longer horizons. As a result, we were not surprised when the flurry of headlines that hit inboxes and newsstands in February as a result of stockmarket wobbles. However, we had sought to flag beforehand that the eerie calm which had settled on markets last year was extreme and the return of volatility to markets would simply be a case of ‘business as usual’.
Domicile and trusts: review of recent changes II »
In this second part of an update on the recent changes related to domicile and trusts we will look at some specific planning strategies that are still relevant to those who are UK resident but not UK domiciled and not UK deemed domiciled. Before we get down to specifics though an update on the case which was mentioned in last month's article, namely Proles v Kohli,   as we now have the decision.  As explained last month the issue of a person's domicile is relevant to claims under the Inheritance (Provision for Family And Dependants) Act 1975.
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