Bespoke - for private clients

Our guide to pensions and how the new rules affect you

Wednesday, November 16, 2011 | Posted by: Fiona Cullinan
Categories: Personal, Protecting your wealth | Tags: tax, pensions, retirement, tax relief, Mike Hyland, pension, James Temperley, pension series, pensions changes, pension planning | Total Views: 1633

Our recent blog series answered your most frequently asked questions about pensions, as well as how to make the best use of new rules on pension contributions. Here’s a round-up of our four-part guide …

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‘Affluent’ tax unit to hunt for hidden holiday homes

Thursday, November 10, 2011 | Posted by: Dave Jennings
Categories: Business, Personal, Protecting your wealth | Tags: tax, HMRC, property, income tax, Dave Jennings, tax haven, overseas, offshore assets, income from property, evasion, commercial property, holiday homes, Tax Investigations, avoidance, foreign property ownership, foreign assets, afluent teams, homeowners | Total Views: 1510

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Holiday homes and offshore assets won’t be a personal tax haven for long as HM Revenue & Customs (HMRC) continues to crack down on those not paying the correct tax with a new initiative looking into those who own property abroad.

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Against the odds: Why we can’t resist taking a gamble

Thursday, February 02, 2012 | Posted by: Fiona Cullinan
Categories: Personal, Protecting your wealth | Tags: Bespoke magazine, risk, psychology, reward, casinos, gambling, gamble | Total Views: 1401

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Psychologist Donna Dawson reveals the psychological drivers and casino tricks that make gambling a very risky business…

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SEIS the day? Potentially up to £103,000 of tax relief for a £100,000 seed investment

Thursday, February 16, 2012 | Posted by: Mike Hyland
Categories: Personal, Protecting your wealth | Tags: tax, tax planning, capital gains tax, CGT, income tax, tax relief, trusts, EIS, Mike Hyland, venture capital trusts, minimise, start-ups, Seed EIS, share loss relief, Seed Enterprise Investment Scheme, small companies, SEIS | Total Views: 1383

How would you like to make investments that might help kick-start the recovery of Britain’s economy and that offer you a significant tax incentive? This appears to be possible under the new Seed Enterprise Investment Scheme (SEIS), due to come into effect from 6 April 2012.

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Fair COP9? Helpline to tackle rise in tax investigations

Tuesday, November 22, 2011 | Posted by: Louisa Naylor
Categories: Personal, Protecting your wealth | Tags: tax, HMRC, advice, investigation, penalties, code of practice, fraud, COP9, Louisa Naylor, tax investigations, civil fraud, Code of Practice 9, enquiry | Total Views: 1374

An increasing number of people with large funds held in offshore accounts are receiving a Code of Practice 9 (COP9) letter through their door as UK tax authorities strive to assess a further £7 billion of evaded taxes by 2014. Grant Thornton’s new tax investigations helpline is a first port of call. Meanwhile, tax manager Louisa Naylor looks at what you should do if you are caught by a tax investigation.

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A rich retirement: making the most of pensions

Friday, October 14, 2011 | Posted by: Mike Hyland
Categories: Personal, Protecting your wealth | Tags: tax, tax planning, HNWIs, income tax, pensions, IHT, retirement, tax relief, Mike Hyland, high earners, higher rate taxpayer, pension, James Temperley, pension series, pensions changes, pensions carry forward, 50% tax rate, annual allowance | Total Views: 1273

After answering some of the most common pension questions in our post last week, we now consider the recent changes to the rules on pension contributions and how you could make best use of the new rules to provide for yourself and your family.

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Closing a limited company? End of ESC C16 could penalise those extracting funds

Thursday, February 09, 2012 | Posted by: Chris Tysoe
Categories: Business, Protecting your wealth | Tags: business, tax planning, capital gains tax, CGT, income tax, Entrepreneurs' Relief, liquidation, Chris Tysoe, company distributions, closing down a company, ESC C16, share capital, extraction of funds, shareholder, dissolution, payment of capital, striking off, Extra Statutory Concession, winding up, Entrepreneurs’ Relief | Total Views: 1266

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Time is of the essence for anyone seeking to extract funds from a company in the process of being struck off. From 1 March 2012, new legislation may bring higher tax liabilities on any payments out of the business before it is dissolved.

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Pensions just got flexible with new drawdown rules

Friday, October 28, 2011 | Posted by: Mike Hyland
Categories: Personal, Protecting your wealth | Tags: tax, tax planning, HNWIs, income tax, pensions, retirement, tax relief, Mike Hyland, minimise, high earners, higher rate taxpayer, pension, James Temperley, pension series, pensions changes, annuity, income drawdown, capped drawdown, flexible drawdown, 50% tax | Total Views: 1252

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A common reason clients give for not wishing to contribute to pensions are the restrictions on how and when they can access their pension benefits after retirement. From April this year there is a new option for such retirees. Flexible drawdown, as the name suggests, will give individuals much more freedom as to how they take their pension benefits.

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Best of Bespoke – our top wealth management posts for high earners and HNWIs

Tuesday, January 10, 2012 | Posted by: Fiona Cullinan
Categories: Business, Personal, Protecting your wealth | Tags: tax, links, tax planning, HNWIs, HNWI, Bespoke, wealth, blog, wealth management, best, 2011, wealth protection, wealth planning | Total Views: 1131

Our most popular posts of the past year reflect the tax-related interests and wealth management concerns of high earners and high net worth individuals (HNWIs) in the UK. Here they are in reverse order. The tax landscape is ever-changing, though, so speak to your tax adviser to find out the latest news on the topics covered.

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Cut your tax bill by £165,000 in retirement

Friday, October 21, 2011 | Posted by: Mike Hyland
Categories: Personal, Protecting your wealth | Tags: tax, tax planning, HNWIs, income tax, pensions, retirement, Mike Hyland, minimise, high earners, higher rate taxpayer, pension, James Temperley, pension series, pensions changes, lifetime tax relief, lifetime allowance, fixed protection, 50% tax | Total Views: 1092

Our pension series continues with a look at the changes to the pension rules, which may cost you up to £165,000 if you don’t take action before 6 April 2012.

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