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Camouse Blog

Is inheritance tax for the chop?

Is inheritance tax for the chop?

Inheritance tax is deeply unpopular, there’s no denying it. According to a 2015 YouGov poll, 59 per cent of the population think it’s unfair. 

So whichever party is in power after the Election, it’s likely they will include it as one of the taxes to be reviewed.

CamOuse Financial Management Limited Posted by: CamOuse Financial Management Limited
13 Nov 2019


November Markets In Brief

November Markets In Brief

October was a busy month for markets as they reacted to the US/China trade war, the risk of a US/Europe tariff war, Boris Johnson’s Brexit deal not being voted for, a UK General Election being called before Christmas, and the White House being embroiled in an impeachment scandal.

On the plus side, President Trump declared himself ‘optimistic’ about trade talks with China.

Let’s look at all the events and figures in more detail…

CamOuse Financial Management Limited Posted by: CamOuse Financial Management Limited
11 Nov 2019


The impact of climate change fears on ethical investing

The impact of climate change fears on ethical investing

As pressure mounts on governments and financial institutions to do more to combat climate change, the demand for ethical investment opportunities is on the rise. 

Triodos Bank’s annual impact investing survey has found that nearly half (45%) of investors say that they would be keen to move their money to an ethical fund as a result of news surrounding the environment. When asked, investors state that they would put an average of £3,744 into an impact investment fund, marking an increase of £1,000 when compared with 2018.

CamOuse Financial Management Limited Posted by: CamOuse Financial Management Limited
8 Nov 2019


November Market Commentary

November Market Commentary

The beginning of October brought us the Conservative Party conference and a plethora of promises and fiery speeches. Meanwhile world stock markets were tumbling on fears of a global sell-off and the US/Europe tariff war joining the US/China dispute. By the middle of the month President Trump declared himself ‘optimistic’ about trade talks with China. 

CamOuse Financial Management Limited Posted by: CamOuse Financial Management Limited
8 Nov 2019


Making sure you’re on track to retain your lifestyle in retirement

Making sure you’re on track to retain your lifestyle in retirement

Do you feel like you just go to work day in, day out, with the weeks quickly turning to months and the months to years?

If that’s the case, you may be going through life with a vague notion that your pension contributions will be enough to give you a comfortable retirement without having done any precise calculations of late.

CamOuse Financial Management Limited Posted by: CamOuse Financial Management Limited
4 Nov 2019


The value of mortgage advice

The value of mortgage advice

Mortgage advice might not be for everyone, but for those clients who seek it out it can be an invaluable service in helping them to strike a better deal than they could have achieved on their own. The role of a mortgage adviser is to work with a buyer in order to find them the best option for their circumstances.

CamOuse Financial Management Limited Posted by: CamOuse Financial Management Limited
9 Oct 2019


Protecting your home from care home fees

Protecting your home from care home fees

As you grow older, one of the things you might be most concerned about is the entire value of your home disappearing on paying care home fees.

Care from the NHS is free, but if you need social care because you are physically or mentally frail, you will have to pay for it yourself.

CamOuse Financial Management Limited Posted by: CamOuse Financial Management Limited
3 Oct 2019


How the cycle to work scheme has gone up a gear

How the cycle to work scheme has gone up a gear

There’s no doubt that cycling has escalated in popularity in recent years. You won’t travel far on Briitsh roads today before you come across a MAMIL or Middle Aged Man in Lycra, enjoying a cycle ride. 

Gold medals galore and the Grand Départ of the Tour de France in Yorkshire have certainly raised its profile. But when you also consider the benefits to the environment and the advances in technology, it’s no surprise that an increasing number of people are choosing this way to commute.

CamOuse Financial Management Limited Posted by: CamOuse Financial Management Limited
2 Oct 2019


  • I thought CamOuse were very helpful and dealt with my enquiries promptly.

    5 out of 5

    Mr D Mowatt

    Clive Nickalls

  • I have been a client of CamOuse's for many years. My advisors have provided assistance with mortgages, financial planning, investments and most importantly my future. The team remain passionate and professional and I would recommend CamOuse without question.

    5 out of 5

    Mr L Isbell

    Trevor Honey & Clive Nickalls

  • The staff are always happy to help.

    5 out of 5

    J Pearce

  • Lee has always given me excellent advice when choosing a new mortgage. I would highly recommend him.

    5 out of 5

    R O'Dell

    Lee Pooley

  • Everyone is very friendly, approchable, helpful and professional.

    5 out of 5

    G Parr

    Trevor Honey

  • I would like to thank Lee for all his help, he was amazing!

    5 out of 5

    Silk & Schwarz

    Lee Pooley

  • Lee was recommended to us by 2 of his existing clients, colleagues and friends of ours and I'm glad they did so! He made the whole process much simpler then we were expecting.

    5 out of 5

    Burgess & Bedford

    Lee Pooley

  • Lee has helped us on several occassions and we always appreciate and value his time and efforts.

    5 out of 5

    I & A Murphy

    Lee Pooley

  • I really appreciate the prompt, friendly, efficient service.

    5 out of 5

    V Hardy

    Clive Nickalls

  • Very pleased with the service provided and happy to recommend to my customers and friends and family.

    5 out of 5

    M Chadburn

    Clive Nickalls

  • I would like to express my thanks for the excellent service I have received and a special thank you to Hannah for keeping me updated and dealing with my queries in a very efficient and professional manner.

    5 out of 5

    T Long

    Matthew Theobald

  • Thank you (and Eve) so much for all your help and support towards our remortgage. We really appreciated your expertise.

    5 out of 5

    Cant & Robbins

    Lee Pooley

  • I would just like to thank you all on behalf of myself and Jordan. You, Eve and Max have been faultless and we couldn’t be more appreciative for all your help!

    5 out of 5

    C Baldwin

    Lee Pooley


CamOuse Financial Management is authorised and regulated by the Financial Conduct Authority.

None of the information contained in this website should be considered as personal recommendation and is for information only. Should you wish to make a financial transaction we recommend that you take personal financial advice after a thorough review of your personal and financial circumstances.

The information contained within the website is subject to the UK regulatory regime and is therefore primarily targets at customers in the UK.

Registered address: Unit 111, Lancaster Way Business Park, Ely, Cambridgeshire, CB6 3NX

Registered in England and Wales. Registered No: 5662116.

Peninsula: Accredited Standard

Understanding the true cost to your business

Pension arrangements must be available for all employees. There are three categories of employee:

Eligible

Aged between 22 and State Pension Age (SPA) with qualifying earnings over the Auto Enrolment earnings trigger

Non-eligible

Aged between 16 – 74 with qualifying earnings between lower threshold and the Auto Enrolment earnings trigger
 
Aged between 16 -21 or SPA – 74 with qualifying earnings over Auto Enrolment earnings threshold

Entitled

Aged between 16 -74 with earnings below the qualifying earnings lower threshold

Important Notes

  1. Eligible jobholders must be auto-enrolled
  2. Non-eligible jobholders are allowed to be auto-enrolled if they want to
  3. Entitled workers are entitled to join a pension scheme, but the employer doesn't have to contribute

Qualifying Earnings lower threshold

£5,772

Qualifying Earnings upper threshold

£41,865

Automatic Enrolment earnings trigger

£10,000

Minimum contribution level options:

8% of Qualifying Earnings of which

3% is employer's (starting at 1%)

9% of Basic Salary of which

4% is employer's (starting at 2%)

8% of Basic Salary of which

3% is employer's (starting at 1%)

(Where basic salary is at least 85% of total earnings)

7% of gross earnings of which

3% is employer's (starting at 1%)

Pay reference period

Essentially the frequency that the jobholder is paid e.g. monthly, weekly etc. but with reference to the tax month, week etc. therefore it may not be the same as the payroll period.

Deduction and payment of contributions

It is the employer who is responsible to calculate, deduct and pay all contributions to the AE scheme. NOTE – the first and last contributions are likely to be for less than a full pay reference period and should be adjusted accordingly.

Payroll services

It can be seen that it is very important that the payroll system synchronises with the AE scheme otherwise the employer will not be carrying out all requirements and then penalties will be incurred.

Staging date

Based on the employer’s payroll size as at 1 April 2012 and can be found at www.thepensionsregulator.gov.uk/employers using your PAYE reference. The Qualifying Workplace Pension Scheme must be registered with The Pensions Regulator within 4 months of the staging date.

Compliance and communication

Postponement

Auto-Enrolment can be postponed for up to 3 months:

  • For current eligible employees
  • For workers that meet the criteria in the future for the first time e.g. avoid joining temporary or lower paid workers

Opt-Outs

All eligible employees must be auto-enrolled, but can, with the correct notification, opt-out within one month of joining the scheme and be treated as never having joined. They can opt back in and will automatically be auto-enrolled every 3 years in any case!

Communication

There is a wide range of information that must be provided to all employees at certain times, such as:

  • The date auto-enrolment took place for eligible jobholders
  • That non-eligible jobholders have the statutory right to opt in
  • Entitled workers have the right to request the employer to enrol them into a pension scheme

Salary sacrifice

Contributions can be paid by effectively reducing salary, which saves on NI contributions, but employee must choose to do this – they cannot be forced, so a contractual variation will need to be implemented.

Default investment fund

Investment Options

All eligible employees will be automatically invested into a default investment fund, which is a balanced risk fund that is “life styled” to account for the employees approach to retirement. They also have the option to invest in a wide range of funds of their choosing.