Paramount Group

Newsflash

Protecting Tax Free cash

As you generally advise your clients regarding remuneration strategy and more importantly profits extraction it appears, following research with our existing clients that, for those who hold executive/directors pension policies and even those with small self administered schemes, it is now worth a review. This would examine whether it would be advantageous to transfer the existing benefits to a section 32 or section 32A (Block transfer) and start funding a self invested personal pension. For those who have small self administered schemes it is still possible to transfer to a section 32 and have the section 32 self invested, utilising the commercial property occupied by the sponsoring employers company.

Paramount Newsletter – March 2008

Welcome to the latest newsletter from the Paramount Group of independent financial advisers.

With the Chancellor’s Budget set for 12 March, don’t forget to visit www.paramountifa.co.uk afterwards for a summary of the main changes and how they will affect you.

Changes to Capital Gains Tax

The changes to Capital Gains Tax (CGT) first mooted in the Chancellor’s 2007 Pre-Budget Report will definitely come into force from 6 April 2008. The key change will see indexation and taper relief abolished, with a flat of CGT at 18% instead. The result could be an increase of up to 80% in the rate of CGT payable on business assets.

Independent advice tailored to your needs

The Paramount Group Ethos

independence is paramount Superior professional service delivered by experienced and specialist individuals, who take time to understand your needs and provide you with a comprehensive source of independent advice.

Unique and Individual

Because you are an individual with unique requirements, we deliver bespoke advice tailored to your needs. So, whether you have a specific need for advice or you are looking to structure a complete financial programme, we will deliver independent advice to you, clearly and concisely.

A Working Partnership

Paramount is dedicated to providing each of our clients with a true working partnership. As life changes and moves on, so will your financial needs. We will work with you in a strategic manner to ensure you have the best programme to fit your personal aims and objectives. We ensure you are kept fully updated with the issues that may affect you financially, so that you can take decisions from a position of knowledge and get the most from our advice and recommendations. Here are some of the services which we offer our clients:

Stepping out – the flexible way

When you’ve spent years of your life working hard to build up a successful independent financial advisory service, offering sound advice to clients who have come to trust, respect and rely on you, you may not feel you can simply walk away when the time comes to retire.
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Authorised and Regulated by the Financial Services Authority.

The Financial Services Authority does not regulate Taxation advice, Will Writing, legal advice, Commercial Insurance, Commercial Loans and some forms of debt consolidation, buy to let mortgages and Individual Savings Accounts.

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The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK.

Paramount Group Limited, Woodhead House, Woodhead Road, Birstall, West Yorkshire WF17 9TD
Registered in England and Wales at 35 Westgate, Huddersfield HD1 1PA. Registration number 5248194