News


We are Recruiting!

2nd October 2019

Mortgage Administrator

 

We are a growing firm of Chartered Financial Planners looking to expand our team.

Based in Hawarden, North Wales since 1998 Cambrian has since grown considerably and has taken on more financial advisers and support staff to maintain the high level of service which is at the core of the business.

Due to retirement a vacancy has become available for a Mortgage Administrator in our busy in-house Mortgage Department.

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How do you feel about taking a pension at 75?

27th September 2019

Is a state pension age (SPA) of 75 looking more likely?

Recommendation

The SPA should better reflect the longer life expectancies that we now enjoy and be used to support the fiscal balance of the nation. The SPA in the UK is set to rise to 66 by 2020 (Pensions Act 2011), to 67 between 2026 and 2028 (State Pension Act 2014) and to 68 between 2044 and 2046 (State Pension Act 2007). We propose accelerating the SPA increase to 70 by 2028 and then 75 by 2035.

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Probate delays affecting estate settlements

5th September 2019

There are currently long delays in gaining probate on the estates of the recently deceased.

Late in 2018, the government issued a written statement announcing its intent to go ahead with controversial increases in probate fees for England and Wales. Instead of the current flat fees of £155 for applications through a solicitor and £215 for individual applications, draft legislation was issued with a sliding fee scale that rose to £6,000 for estates valued at over £2m. To many, the measure looked more like a new tax than a fee increase.

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Another take on long-term care costs

17th June 2019

A new set of proposals for funding long-term care has emerged from a significant source.

 

The funding of long-term care is an issue that beats even Brexit in terms of protracted political procrastination.  A Royal Commission on the subject was established in 1997 and reported in 1999. Its proposals were rejected by the then Labour government as too costly.

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We are Recruiting!

4th June 2019

Compliance Assistant

We are a growing firm of Chartered Financial Planners, looking to expand our Compliance team. Based in Hawarden, North Wales (near Chester), since 1998, Cambrian has since grown considerably and has taken on more financial advisers and support staff to maintain the high level of service which is at the core of the business, at our offices at St David’s Park.

We require an assistant to support the Compliance Manager in the day to day running of this busy department.

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Happy 20th birthday

8th April 2019

6 April marks the 20th birthday of the Individual Savings Account (ISA).

 

When the ISA was introduced in 1999, many thought it to be little more than a rebranding of the two schemes it replaced: the Personal Equity Plan (PEP) and Tax Exempt Savings Account (TESSA). The following 20 years have proved ISAs to be much more.

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An overshadowed Spring Statement

5th April 2019

The Chancellor’s Spring Statement was almost obscured by other events in mid-March.

Ever since he announced a move to an Autumn Budget in 2016, Mr Hammond has made it clear that he wanted to avoid the Spring Statement counterpart becoming a mini-Budget. His vision was that in March he would be presenting a brief response to the latest forecasts from the Office for Budget Responsibility (OBR). As the Treasury website stressed, “there will now only be one major fiscal event each year”.

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Check your April pay slip

19th March 2019

Your April pay may look much the same as March’s, but it is worth giving your pay slip a close look.

If you are an employee, your April pay slip is always worth checking, even if you pay little attention to the other eleven you receive over a year. The items to check include:

 

Salary Many employers change pay rates from 1 April, often coinciding with the start of their new financial year. If you were notified of a pay increase in March, it is worth making sure the number on the April pay check agrees with what you were promised.

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Inheritance tax reductions ahead of potential reform

1st March 2019

Inheritance tax (IHT) will be slightly reduced for some from 6 April 2019, but greater reforms may arrive soon.

The IHT residence nil rate band (RNRB) increases by £25,000, bringing it to £150,000 for the 2019/20 tax year. In theory that means a married couple can pass on up to £950,000 (2 x nil rate band of £325,000 + 2 x RNRB of £150,000) to their heirs free of tax.

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Preparing for the new tax year

22nd February 2019

One of the few certainties about 2019 is that the new tax rates and thresholds will take effect from the start of the 2019/20 tax year on 6 April.

Whilst the focus tends to be on year end tax planning at this time of year, it is important to look forward to the new tax year and the changes that it will bring.

From 2019/20 changes will come into effect for key income tax rates and thresholds, as well as pensions.

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