Thursday, 17 December 2009
Small Business Advice
Consilium Asset Management are independent financial advisors that offer a small business advice service to their clients
Thursday, 10 December 2009
Budget summary
(My Original Blog Post: http://ping.fm/zA3Oy)
In depth Budget summary now available at http://ping.fm/iAY5n
In depth Budget summary now available at http://ping.fm/iAY5n
[Blog] Budget summary: In depth Budget summary now available at http://ping.fm/ONXJH http://ping.fm/Qot06
Wednesday, 9 December 2009
Pre Budget Summary
(My Original Blog Post: http://ping.fm/i6IpC)
A summary of the Chancellors Pre Budget Speech is available at
A summary of the Chancellors Pre Budget Speech is available at
[Blog] Pre Budget Summary: A summary of the Chancellors Pre Budget Speech is available at http://ping.fm/mNrLW
Tuesday, 8 December 2009
[Blog] Article on our Small Business Service: Our latest Small Business Article is now available to read.
Our Small Bu... http://ping.fm/9jGcG
Our Small Bu... http://ping.fm/9jGcG
Article on our Small Business Service
(My Original Blog Post: http://ping.fm/1kCUm)
Our latest Small Business Article is now available to read.
Our Small Business advice service is available to our clients.
Our latest Small Business Article is now available to read.
Our Small Business advice service is available to our clients.
[Blog] Budget and the days ahead: The Chancellor of the Exchequer (Alistair Darling) has a difficult task on Wednesd... http://ping.fm/QzIJH
Budget and the days ahead
(My Original Blog Post: http://ping.fm/a3VLO)
The Chancellor of the Exchequer (Alistair Darling) has a difficult task on Wednesday, trying to balance the books of the UK.
His pre-budget report may contain a few bombshells and unpalatable increases in taxation for some sectors of the population.
He has a difficult task of convincing the UK, that he has the ability and plans to restore the UK economy, whilst reducing the current budget deficit.
Any changes must not harm the recovery of the economy, but the UK is still the only major country to officially still be in recession.
With a general election only a matter of months away, he needs to demonstrate that Labour have the ability to help the UK recover.
He is likely to admit the economy contracted 4.75 per cent this year. This was more than his expectations.
A raft of economic data this week will paint a picture in terms of the economic recovery and how it is progressing. Similar data for German industrial production, also out on Tuesday, are expected to show a rise of 1 per cent.
The US will publish retail sales for November this Friday. This hopefully should give a view on consumer spending now that the “cash for clunkers” car scheme has ended.
Friday sees economic data from China for November. This may give a boost to the global recovery.
The Bank of England will probably leave interest rates and the asset purchase scheme unchanged at Thursday’s meeting.
We will publish our budget summary later this week. In the meantime if you would like to speak to our financial adviser please contact us.
The Chancellor of the Exchequer (Alistair Darling) has a difficult task on Wednesday, trying to balance the books of the UK.
He has a difficult task of convincing the UK, that he has the ability and plans to restore the UK economy, whilst reducing the current budget deficit.
Any changes must not harm the recovery of the economy, but the UK is still the only major country to officially still be in recession.
With a general election only a matter of months away, he needs to demonstrate that Labour have the ability to help the UK recover.
He is likely to admit the economy contracted 4.75 per cent this year. This was more than his expectations.
A raft of economic data this week will paint a picture in terms of the economic recovery and how it is progressing. Similar data for German industrial production, also out on Tuesday, are expected to show a rise of 1 per cent.
The US will publish retail sales for November this Friday. This hopefully should give a view on consumer spending now that the “cash for clunkers” car scheme has ended.
Friday sees economic data from China for November. This may give a boost to the global recovery.
The Bank of England will probably leave interest rates and the asset purchase scheme unchanged at Thursday’s meeting.
We will publish our budget summary later this week. In the meantime if you would like to speak to our financial adviser please contact us.
Monday, 7 December 2009
[Blog] CBI raises concerns about Final Salary Pensions: Concern has been raised by the CBI (C... http://ping.fm/54Wl4
CBI raises concerns about Final Salary Pensions
(My Original Blog Post: http://www.consilium-ifa.co.uk/blog/pensions-advice/cbi-raises-concerns-about-final-salary-pensions.php)
Concern has been raised by the CBI (Confederation of British Industries) about final salary pension schemes and the impact on the UK in recession.
The recent report, surveyed the management of the UK‘s largest companies about pensions generally. The concern was raised about the costs to companies as many schemes have to contribute larger amounts each year into the company pension schemes. It is feared that this will have a large impact on companies as the UK comes out of recession.
The survey found that over 30% of businesses were expecting an increase in the costs to their pension schemes. A third of the companies surveyed felt that the schemes had an impact in their ability to operate.
John Cridland, CBI deputy director-general, said: 'During a recession it is vital that firms are able to restructure and realign to strengthen the business and prepare for future growth.
'However, the high and unpredictable cost of running final salary pensions is having far-reaching and damaging effects on UK competitiveness and the wider economy.'
The report also re-confirmed the view of many financial advisors. More employees may have to contribute more to existing arrangements if they wish to remain members of their scheme. In some cases employers are considering closing their final salary pension schemes altogether.
If you would like to discuss any aspects of pension advice
please contact us.
Concern has been raised by the CBI (Confederation of British Industries) about final salary pension schemes and the impact on the UK in recession.
The recent report, surveyed the management of the UK‘s largest companies about pensions generally. The concern was raised about the costs to companies as many schemes have to contribute larger amounts each year into the company pension schemes. It is feared that this will have a large impact on companies as the UK comes out of recession.
The survey found that over 30% of businesses were expecting an increase in the costs to their pension schemes. A third of the companies surveyed felt that the schemes had an impact in their ability to operate.
John Cridland, CBI deputy director-general, said: 'During a recession it is vital that firms are able to restructure and realign to strengthen the business and prepare for future growth.
'However, the high and unpredictable cost of running final salary pensions is having far-reaching and damaging effects on UK competitiveness and the wider economy.'
The report also re-confirmed the view of many financial advisors. More employees may have to contribute more to existing arrangements if they wish to remain members of their scheme. In some cases employers are considering closing their final salary pension schemes altogether.
If you would like to discuss any aspects of pension advice
please contact us.
Monday, 30 November 2009
Friday, 27 November 2009
Pre- Budget 9th December 2009
(My Original Blog Post: http://www.consilium-ifa.co.uk/blog/financial-news/pre-budget-9th-december-2009.php)
The Chancellor, Alistair Darling will present his pre-budget speech to Parliament on the 9th December
Due to the current state of the UK’s finances it is likely that additional tax increases will be revealed. Tax increases have already been announced in the last budget.
Tax increases in April 2010
The new 50% rate of income tax was announced in the last budget, along with increases in the rate of dividend taxation for taxpayers earning over £150,000
Changes to personal allowances will also be made wef April 2010 for earnings over £100,000. The personal allowance will be reduced by £1 for every £2 earned over £100,000. This means taxpayers will be paying an effective 60% income tax rate on income between £100,000 and £112,950.
Small companies will also be hit by an increase in the small companies’ corporation tax rate. This rate will increase from 21% to 22% from April. This will directly hit the pockets of most small incorporated businesses in the UK.
There are also rumours about changes to capital gains tax, inheritance tax and tax relief on pension contributions. Any further changes could have a dramatic impact on individuals and businesses alike. A review of the financial advice that you may have received prior to the budget might be appropriate
We will have to wait until the 9th to see what delights are in store for the UK.
The Chancellor, Alistair Darling will present his pre-budget speech to Parliament on the 9th December
Due to the current state of the UK’s finances it is likely that additional tax increases will be revealed. Tax increases have already been announced in the last budget.
Tax increases in April 2010
The new 50% rate of income tax was announced in the last budget, along with increases in the rate of dividend taxation for taxpayers earning over £150,000
Changes to personal allowances will also be made wef April 2010 for earnings over £100,000. The personal allowance will be reduced by £1 for every £2 earned over £100,000. This means taxpayers will be paying an effective 60% income tax rate on income between £100,000 and £112,950.
Small companies will also be hit by an increase in the small companies’ corporation tax rate. This rate will increase from 21% to 22% from April. This will directly hit the pockets of most small incorporated businesses in the UK.
There are also rumours about changes to capital gains tax, inheritance tax and tax relief on pension contributions. Any further changes could have a dramatic impact on individuals and businesses alike. A review of the financial advice that you may have received prior to the budget might be appropriate
We will have to wait until the 9th to see what delights are in store for the UK.
The Chancellor, Alistair Darling will present his pre-budget speech to Parliament on the 9th December
Due to the current state of the UK’s finances it is likely that additional tax increases will be revealed. Tax increases have already been announced in the last budget.
Tax increases in April 2010
The new 50% rate of income tax was announced in the last budget, along with increases in the rate of dividend taxation for taxpayers earning over £150,000
Changes to personal allowances will also be made wef April 2010 for earnings over £100,000. The personal allowance will be reduced by £1 for every £2 earned over £100,000. This means taxpayers will be paying an effective 60% income tax rate on income between £100,000 and £112,950.
Small companies will also be hit by an increase in the small companies’ corporation tax rate. This rate will increase from 21% to 22% from April. This will directly hit the pockets of most small incorporated businesses in the UK.
There are also rumours about changes to capital gains tax, inheritance tax and tax relief on pension contributions. Any further changes could have a dramatic impact on individuals and businesses alike. A review of the financial advice that you may have received prior to the budget might be appropriate
We will have to wait until the 9th to see what delights are in store for the UK.
[Blog] Pre- Budget 9th December 2009: The Chancellor, Alistair Darling will present his pre-budget speech to Parl... http://ping.fm/oxOk3
Thursday, 26 November 2009
Thursday, 19 November 2009
Free Guide to Life Cover
Free Guide to protection available at http://www.consilium-ifa.co.uk/blog/life-assurance/free-guide-to-protection.php.
For more information on Life assurance go to www.consilium-ifa.co.uk
Wednesday, 26 August 2009
Wednesday, 28 January 2009
New integrated blog
Our blog is now integrated into our website. The blog address is www.consilium-ifa.co.uk/blog
Wednesday, 14 January 2009
Updated Will information
It is estimated that 50% that over half the UK population does not have an up to date will.
For more information on the importance of having a will visit
Tuesday, 13 January 2009
January 2009 Newsletter
Our January 2009 financial planning newsletter is now available online.
Topics covered include
· Interest Rates reductions
· How to save tax this year
· 2008 Budget report
· Need a review of you finances
· Life cover and Critical illness
· Changes to higher rate tax
· Open market options and annuities
· Inheritance tax and Estate planning
· Financial services compensation scheme
· Retirement Planning
· Long term care
· Effects of the recession
· House repossessions how the government intend to help
· Self invested personal pensions
If you would like further information please feel free to contact us.
Topics covered include
· Interest Rates reductions
· How to save tax this year
· 2008 Budget report
· Need a review of you finances
· Life cover and Critical illness
· Changes to higher rate tax
· Open market options and annuities
· Inheritance tax and Estate planning
· Financial services compensation scheme
· Retirement Planning
· Long term care
· Effects of the recession
· House repossessions how the government intend to help
· Self invested personal pensions
If you would like further information please feel free to contact us.
Thursday, 8 January 2009
0.5% cut in Base Rates
The Bank of England announced a 0.5% reduction in BOE UK base rates for January 2009.
The cut although welcome has disappointed many business owners and commentators.
It was hoped that a larger reduction would have been announced.
However concern over the devaluation of sterling against the Euro and Dollar was factored into the rate decision.
Many savers will also be upset with the reduction that will certainly lead to lower savers rates being offered.
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