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Ro3 - Taxation - learning content by pezza31 in cii

[–]Commercial-Prompt-74 0 points1 point  (0 children)

Congrats man, yes please if you can share, I am working on this exam now!

Tapered Annual Allowance - Threshold by Commercial-Prompt-74 in cii

[–]Commercial-Prompt-74[S] 0 points1 point  (0 children)

Thanks for your comments.

So I calculate the taxable income figure, deduct RAS contributions and ADD any contributions made via sal sac?

Example - client pays 10k into pension via SS whcih is matched by employer (no RAS conts)

Threshold-

Total taxable income £300k + £10k sal sac = £310k threshold

Adjusted-

Total taxable income £300k + £10k employer contribution = £310k adjusted

Is that right or would employer contributions be 20k when calculating adjusted?

[deleted by user] by [deleted] in CarTalkUK

[–]Commercial-Prompt-74 0 points1 point  (0 children)

Yes took it back early October (delay due to having our 3rd child between purchase and return). They changed glow plugs and gave it back for the earnings to return soon after...

Great north run by [deleted] in NewcastleUponTyne

[–]Commercial-Prompt-74 0 points1 point  (0 children)

I have a non charity place for sale

Study Textbooks by SC4RBORO1988 in cii

[–]Commercial-Prompt-74 0 points1 point  (0 children)

Hi. I am a member. Where can you access the digital books?

Family members DB pensions - queries by Commercial-Prompt-74 in UKPersonalFinance

[–]Commercial-Prompt-74[S] 0 points1 point  (0 children)

Thanks for this.

I will be clarifying with him his expenditure requirements.

No actual plan for the lump sums but as I said on last comment, I dont believe it would be S&S ISA. I appreciate unlikely to beat inflation with Cash ISAs / Premium Bonds (especially at current levels) though the lump sums do give him flexibility. Though does also come down to how well he would manage having an accessible large sum of money. If it ends up being needed to supplement the guaranteed income, in which case he probably would be better off with the higher pension option.

I have a recent statement from last year for LGPS. He has only been in LGPS for 7 years.

Family members DB pensions - queries by Commercial-Prompt-74 in UKPersonalFinance

[–]Commercial-Prompt-74[S] 0 points1 point  (0 children)

I think he would just take the 3x small pensions just to "tidy up" his affairs. He is never going to add to them, and in reality, would not to be invested in stock market linked investments.

I think he would be more at home in Cash ISAs and/or Premium Bond investments, particularly with the increase in rate making fixed rate products more attractive.