New Auto-Enrolment Dates
In January 2012, The Department of Work & Pensions announced revisions to the auto-enrolment staging dates. These revisions may affect your plans for the future, so please find the document on the Downloads page of our website, entitled ‘Auto Enrolment Staging Dates’. For further information either speak to your usual adviser or contact us on info@global-uk.com
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Welcome to Rackspace
Some of our clients have asked us how and where their data is stored. We would therefore like to introduce you to Rackspace who are one of our strategic partners. It is their responsibility to provide our clients with secure data storage 24/7. Unlike other firms, we actually use dedicated servers and therefore your data is segregated from other users and encrypted. Rackspace are large and well respected company and you can be rest assured that your data is held in the most secure environment possible. Other users of Rackspace include the FSA...
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Tax Wrappers
Many clients ask us about the tax treatment of their products as every ‘tax wrapper’ is subject to different tax treatment. The following is based on Global Financial’s understanding, as at 6 April 2011, of current taxation, legislation and HM Revenue & Customs (HMRC) practice, all of which are subject to change without notice. The impact of taxation (and any tax relief) depends on individual circumstances. Unnecessary tax on savings If you or your partner is a non-taxpayer, make sure you are not paying unnecessary tax on bank...
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Cash or Stocks & Shares ISA’s
The 2011/12 tax year brings with it the opportunity to place an increased amount of tax sheltered money within an ISA, as the maximum limits have been increased from £10,200 to £10,680, of which up to 50% (£5,340) can be held within cash ISAs. The type of ISA to choose should give full consideration of the individual’s objectives. Cash ISAs offer a secure, safe haven for your money that builds up tax-free. They are available from an extensive number of financial institutions who are eager to get hold of your money. However, there are...
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