Exemptions from the charge are;

• Sums and assets of an income drawdown fund are transferred to a new income drawdown from with another provider.
• Sums and assets underpinning an existing lifetime annuity are transferred to another provider to provide a new lifetime annuity.
• Sums and assets underpinning an existing short- term annuity are transferred to another provider for a new short-term annuity.
• Sums and assets underpinning an existing scheme pension are transferred to another registered pension scheme to provide a new scheme pension.

Please contact our office in Chatham if you require further details.

Samantha works part time for us dealing with general office functions such as the binding of Financial Plans and Reports, document printing and photocopying, Client liaison, database entry and generally keeping the office running in an efficient manner. Sam is also a fully qualified Holistic Therapist (Reflexologoist and Aromatherapy) which comes in handy sometimes when we are exceptionally busy!

Financial Planning topics covered include the new rules on Capital Gain Tax, Investing for Income, Business Taxes and Protecting Your Wealth.

Download your free copy here Buryfield Grange Client Newsletter July / August

If you would like to receive a regular copy of our Newsletter, then please complete the enquiry form opposite and we will add you to our mailing list.

A detailed guide to the Emergeny Budget can also be downloaded here Emergency Budget 2010

Please do get in touch with us at our Medway office should you wish to know more about our services or how we can help you Create, Build and Protect your wealth.

• Around 2/3 of people with high self esteem are good at planning their day to day finances and have set themselves clear financial goals for the future.
• Over ¾ of people with low self esteem fail to plan for the long term and a high 69% worry about their finances on a daily basis.
• 5% of UK adults admit they do not have any understanding of financial products, rising to 15% of those with low self esteem.
• Nearly 1/3 of people who have a pension do not feel confident that they have the correct pension provisions in place.

If you worry about your finances we can hopefully pave your way to a happy future, please call our office in Chatham, Kent on 01634 281145.

VCT’s are already attractive but the rise in CGT could make them even more attractive because they have not been changed. There are very good tax breaks attached to VCTs. If this sounds attractive to you please contact our office in Chatham, Kent on 01634 281145.

Mrs H had received a divorce settlement and was unhappy about the level of risk associated with the way in which the settlement had been invested 2 years prior. In addition, as a result of our initial analysis, it was discovered that Mrs H was not making use of her Capital Gains Tax allowance and that she had an Inheritance Tax liability in excess of £850,000.

By undertaking a comprehensive Financial Planning exercise we were able to build an Integrated Wealth Management Plan that detailed the steps necessary to reduce risk within her portfolio; to generate the additional income that was required; to reduce her exposure to Capital Gain Tax; to remove completely the Inheritance Tax liability and to set up Trust arrangements capable of receiving immediate and future lifetime gifts for the benefit of her two sons.

If you have assets of more than £23,250 then you will have to fund your own care- this includes your primary home. The local authority offers everyone a care needs assessment so you might as well sign up for one. You will be able to talk about what kind of care is available and how much money you might need one day. Make sure you ask about funding- and whether you are entitled to getting any.

When funding for a care home you have 3 options;

1. Sell your home and use the money to pay for your care fees.
2. Pay the fees from investment income.
3. Purchase an immediate needs annuity. You hand over a lump sum at the time of purchase in return for a fixed regular income; the only difference is the money is paid directly to your care provider tax free. You have security knowing that the money you need will be paid until you die.

If you do end up in care, make sure you do claim state benefits, everyone over the age of 65 who needs help caring for themselves can claim an attendance allowance. This is £47.80 or £71.40  a week tax free.

If you would like to experience our outstanding teamwork then please do get in touch.