Steve Sayer from Utmost Wealth Solutions joined us for the second of two online Assemblies tackling the issue of top slicing relief.
In the first Assembly – held on 29 June this year – Steve invited us to look at more technical considerations and calculations.
In this second session, he took a look at planning strategies for top slicing relief. The session covered:
- How to avoid trustee rates of tax on gains
- When should new money top up an existing bond or go into a new bond?
- How to apply time apportionment relief
- How to plan for ongoing income
From now on, there’s no need to visit Crowdcast to save your spot at an online Assembly. Just tap ‘Book event’ and follow the step-by-step instructions.
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A panel discuss setting up and running an outsourced paraplanning business. They share their experience, top tips, and cover the main points and issues that arise from outsourced paraplanning, such as:
Learning objectives
In this session we covered…
- Things you need to think about before setting up your own business
- What it really is like to run an outsourced paraplanning business
- How to work on your own and not go mad!
- Staying on top of CPD
We all know that research and due diligence is a key skill for paraplanners.
And with discretionary fund management (DFM) services becoming more popular – whether bespoke or model portfolios – the demand for these skills is only going to increase.
In our latest online Assembly, we’re bringing together experts who are able to share perspectives from both sides of the DFM equation.
Learning objectives
During this session we…
Explored the approach and processes you can adopt to carry out research discuss the tech that’s out there that can help Invited DFM guests to tell us what they think paraplanners should ask…but don’t Discover what kind of due diligence DFMs carry out for themselves
Do you know the order in which income tax is applied to different sources?
If not, this online Assembly is for you. And – even if you do – are you really really sure? (Like, really?)
Either way, we’re sure you’ll leave this Assembly older (by 60 mins) but wiser thanks to our guest, M&G’s Les Cameron.
Les will be a familiar face to many Assembly participants and his most recent appearance was May’s Case Study Investigation: IHT and Trusts.
Learning objectives
During the session we covered…
- The 7 steps of a UK Income Tax calculation
- Allowable deductions
- Adjusted net income
- 72% marginal tax rate
- Allowances Beneficial ordering
- Tax reducers
Long term care and what paraplanners should know about it
Learning objectives
During the session we covered…
- Powers of Attorney
- Working with attorneys
- Care fees planning case studies
Are you up to date with your top slicing relief knowledge.
Learning objectives
During the session we covered…
- Chargeable event gains
- Simple top slicing relief calculation
- Where dividends are paid What to do with more than one gain
Long term care and what paraplanners should know about it
Learning Objectives
During the session we covered…
- Appreciating the divide between health and social care
- Recognising how care needs and financial assessments work
- The privately funded options for care funding
- Evaluating the issues of possible deliberate deprivation of assets
Long term care and what paraplanners should know about it
Learning Objectives
During the session we covered…
- Assessing the size and potential for advice in the care market
- Analysing the longevity and demographic issues in the UK
- Evaluating the government proposals for dealing with health and social care
A team of paraplanners and an expert look at three cases studies with IHT and trusts at the heart of them.
Learning objectives
During the session we covered…
- The client’s background and objectives
- The most important facts and issues
- The various options A potential solution with rationale
Three technical experts answer a whole range of technical questions asked by paraplanners.
Learning objectives
During the session we covered…
- How does the National Insurance increase impact salary sacrifice pension contributions?
- How are bond withdrawals taxed after 20 years?
- Will the cut to income tax affect onshore bonds?
- Trends: What technical issues are the experts seeing in their inboxes, and how do they answer them?
- Tax issues