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April 2022

Explaining the Metaverse

Explaining the Metaverse

Posted on: 21 Apr 2022 by: CamOuse Financial Management Limited

Many people reading this article will have heard of the Metaverse. It is supposedly the Next Big Thing. It will change the way we work, socialise, learn and be entertained.

Facebook – Meta as the company is now called – has hired 10,000 of the brightest and best and is investing billions. Your avatar will be able to meet your friend’s avatar in a virtual coffee shop.


Will Russia Default on its Debt? And What Would That Mean?

Will Russia Default on its Debt? And What Would That Mean?

Posted on: 20 Apr 2022 by: CamOuse Financial Management Limited

In the middle of March, Russia was due to make an interest payment of $117m (£89m) on two bonds denominated in dollars. There was some dispute over the payment: Russia said it had made the payment, the investors holding the bonds said they hadn’t received the money. The papers generally reported that if Russia didn’t make the payment by April 30th, it would be in default.

Tags: General Information,


Would the Last Bank Manager to Leave Please Turn Out the Lights?

Would the Last Bank Manager to Leave Please Turn Out the Lights?

Posted on: 19 Apr 2022 by: CamOuse Financial Management Limited

Go back not that many years and any reasonably-sized town would have had the ‘big four’ on its high street: Barclays, Lloyds, NatWest and HSBC occupying prominent retail positions and – if the town was slightly larger – quite possibly a branch of TSB, RBS and Yorkshire Bank as well. North of the border they were joined by Bank of Scotland and Clydesdale Bank.

The bank managers were pillars of the local community – and banking offered a ready-made career path for the town’s graduates and school-leavers.

Tags: General Information,


What Will the Bank of England Do About Rising Inflation?

What Will the Bank of England Do About Rising Inflation?

Posted on: 13 Apr 2022 by: CamOuse Financial Management Limited

This month’s 54 per cent rise in the energy price cap has put the cost of living firmly at the top of the news and the political agenda.

Following the increase, a household using a typical amount of gas and electricity can expect to pay nearly £2,000 a year for their energy, and this could go up to £2,600 in several months.

Tags: General Information, Financial Planning,


Set Specific Financial Targets to Achieve Lifestyle Goals

Set Specific Financial Targets to Achieve Lifestyle Goals

Posted on: 11 Apr 2022 by: CamOuse Financial Management Limited

If you’re creating a financial plan, with a view to achieving certain ambitions in life, you need to include details.

For instance, if you want to travel more in later life, you can’t simply say you’ll put money aside for holidays.

Or if you want to retire early, simply putting money into a pension isn’t enough.

Tags: General Information, Financial Planning,


Leave a Gift to Charity to Reduce Your Inheritance Tax Bill

Leave a Gift to Charity to Reduce Your Inheritance Tax Bill

Posted on: 8 Apr 2022 by: CamOuse Financial Management Limited

As the saying goes, you can’t take your money with you when you die, so it’s only natural that you might want to leave your wealth to those people closest to your heart, such as your children.

But this isn’t the only option open to you, as you can leave your money to a cause that means a great deal to you – and this can have significant benefits when it comes to inheritance tax.

Tags: IHT,


April Market Commentary

April Market Commentary

Posted on: 3 Apr 2022 by: CamOuse Financial Management Limited

Once again, the market commentary for our clients is dominated by events in Ukraine. As in March, we have included a special section on Ukraine and – as before – we must stress that ‘at the time of writing’ very much applies to the comments. 

This month’s market commentary was written on Friday April 1st, with the section on Ukraine written in the afternoon. Nevertheless, events may have overtaken our comments by the time you read this.

Tags: Market Commentary,


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

    5 out of 5

    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

    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

  • Lee has provided me with mortgages and appropriate insurance for both my home and lease properties. He is professional and works to get policies in place in an extremely quick time frame. I would certainly recommend Lee and CamOuse to anyone and I personally will continue to use their service.

    5 out of 5

    G Habbin

    Lee Pooley

  • I have been a client of CamOuse Financial Management Ltd for many years and have always found their services to be of the highest quality.

    5 out of 5

    N Parker

    Jo Kurz

  • Amazing company, very friendly, professional, and always on hand to give sound advice. My family has been utilising their expertise for many years and have never been let down.

    5 out of 5

    S Bradley

    Jo Kurz

  • Sound financial advice and planning. Responsive and friendly service.

    5 out of 5

    B O'Connor

    Jo Kurz

  • The whole team at CamOuse are friendly, professional and always look after your best interests. Thanks for your help!

    5 out of 5

    G Hall

    Lee Pooley

  • We've only been with CamOuse just over a year but would highly recommend them. We deal with Matthew who is an excellent adviser, always very responsive to questions and goes the extra mile to help.

    5 out of 5

    P Carter

    Matthew Theobald

  • I was so pleased and relieved to find this company.  Particularly pleasing is their communication - it's jargon-free, concise and clear.  We've been very happy with advice given thus far, and also their responsiveness whenever we've had any queries.

    5 out of 5

    A Cant

    Jo Kurz

  • We used Lee at Camouse to arrange our mortgage and can highly recommend him to provide an honest and professional service in this area. We will certainly return to Lee for remortgage advice in the future.

    5 out of 5

    A Attewell

    Lee Pooley

  • Would like to extend our thanks to you and your team for a fantastic customer service as always.

    5 out of 5

    E & R Mendoza

    Lee Pooley

  • We paid a small fee to Camouse for whole of market mortgage broker services. As first time buyers, Lee and Eve were able to guide us through the process, find us a deal and sort out the applications in a really helpful friendly and efficient way. We were very satisfied and would recommend CamOuse to others for this service.

    5 out of 5

    L Humphrey

    Lee Pooley

  • I was extremely pleased with the quality of the service I received when arranging a mortgage as part of a house sale and purchase through CamOuse. Lee and Eve were very easy to contact and always quick to respond. I would definitely recommend their mortgage arrangement services.

    5 out of 5

    G Dewdney

    Lee Pooley

  • Jo has been extremely helpful and very patient and I will be recommending her highly to other family and friends of mine. I do sincerely appreciate the way Jo handled my issues and also the excellent and very professional way she conducted business. She is an absolute asset to CamOuse.

    5 out of 5

    C Tate

    Jo Kurz

  • CamOuse have been our go-to financial advisers since 2008 and have assisted with numerous mortgages, remortgages, insurances, and general financial advice. Lee Pooley and Eve Nowakowska have been invaluable during this time. We've built up an excellent relationship with both and trust them completely to do what's in our best interests. Both are an absolute pleasure to work with and I cannot recommend them, and by extension CamOuse, enough!

    5 out of 5

    I Murphy

    Lee Pooley

  • We used the services of CamOuse to help in buying our first home and setting up our mortgage and we were extremely happy with all the advice and help we got. We spoke to Lee mostly, who was really great! Very insightful, very friendly and helpful, very patient and all-round great service. Would happily seek their help again. Many thanks Lee!

    5 out of 5

    C Bolas

    Lee Pooley

  • We have been taking mortgage advice from CamOuse for over 20 years and are always impressed by their friendliness and professionalism.

    5 out of 5

    N Amery

    Lee Pooley

  • Thank you to Matthew and Julie for making a huge difference in my life when I thought I was so stuck and felt there was never going to be a way to move forward.

    5 out of 5

    L Smith

    Matthew Theobald


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.