The Chancellor yesterday made his “Summer Statement”. I have summarised the key points and the potential impact for your clients and their families below. As always if you have any questions please let me know. Economic Backdrop In the first two months of the FY 2020/21, UK government borrowing has exceeded £100bn and according to…
If Isla reconsiders her pension contributions and her OEIC position, she could get a head start on any market recovery when it comes. The case Isla is a UK resident and a senior executive at a large multinational firm. She has been subject to the tapered annual allowance since its inception in 2016/17. Her total…
One Day A Week dedicated to NHS Staff for a 15 minute Zoom Call At Our Cost Our amazing NHS workers are facing an extremely challenging and daunting future. They are essentially putting their lives on the line for us. Day in. Day out. On top of the worries of the coronavirus pandemic, we have…
Bentley IFA has been reviewing the various support schemes offered by the government. Please find below the updated government matrix, which includes details for rules on supporting the self-employed. Individuals / Employees Self-Employed Individuals* Businesses / Employers* Coronavirus (COVID-19) helpline – Webchat – Speak to an adviser – for problems paying taxes due to coronavirus (COVID-19),…
Is the impact of the Wuhan Coronavirus being offset by better news elsewhere? Comparing the current Coronavirus with previous endemics is likely to be misleading, as they differ in terms of the speed with which they spread, and the ratio of fatalities to the total number of people infected. Alarmingly, more people have been diagnosed with…
Answer: a pension. Bear with me, because this is not the normal argument about the value of saving for retirement, even if all that stuff is true, and what I would normally lead with in an article like this. Imagine for the sake of argument that your grandchild is born in January next year. Given…
Master trusts could lead to poorer retirement outcomes than group personal pensions, as these schemes don’t allow for adviser charging, Royal London has claimed. In its 24-page policy paper Group Personal Pension or Master Trust? – A guide for employers published last week (April 25), Royal London stated if employees are enrolled into a master trust they…
Now is the perfect time get a head start on your tax planning resolutions to enhance your own, your family’s or your company’s tax-efficient plans for the future. We have set out some tax tips and actions that may be appropriate to certain taxpayers. It is important to ensure that, if you have not done…
Brexit has had a negative impact on the UK stock market, but we believe this means many stocks are now undervalued. As a result we are now telling clients UK focused funds represent a very attractive proposition for investors with a longer-term view. On a 12-month forward price/earnings basis the UK market is currently trading…
Bentley Independent Financial Advisers is delighted to announce that Charlie Lenton, a Chartered Financial Planner has joined the company. She specialises in NHS pensions and below is her first blog for the company. The NHS pension scheme has made a change to the scheme rules to permit voluntary scheme pays. A pension scheme must…
