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What does GDPR mean and how does it affect me?
Posted on: 16th Apr 2018 by: CamOuse Financial Management Limited
GDPR is one of those acronyms you’re probably hearing a lot about at the moment. You’re no doubt receiving a high number of emails asking if you’re still happy to receive communications from a company and to be on their database. So what are the reasons behind this?
In 2016, a bill was passed by the European Union introducing the Global Data Protection Regulation, which will come into force as of 25th May 2018. GDPR defines the legal rights of EU citizens in relation to their data, and enforces regulations on the data controllers and processors who hold that data.
Under GDPR, organisations will find themselves in one of two categories; data controllers and data processors. Controllers are those who ‘determine the purposes for which and the manner in which any personal data are, or are to be, processed’ and processors are those (other than an employee of the data controller) ‘who process the data on behalf of the data controller’.
The definition of ‘personal data’ applies to any information that can be used to identify a person, either directly or indirectly. That includes a subject’s name, location, IP address or mobile device identity, and any organisation that holds the personal data of any EU citizen must ‘implement appropriate technical and organisational measures’ to protect that data.
Any organisation holding EU citizens’ data will need to tell you how your data will be processed. There are 6 different lawful bases for this which are outlined for organisations as below:
1. Consent: the individual has given clear consent for you to process their personal data for a specific purpose.
2. Contract: the processing is necessary for a contract you have with the individual, or because they have asked you to take specific steps before entering into a contract.
3. Legal obligation: the processing is necessary for you to comply with the law (not including contractual obligations).
4. Vital interests: the processing is necessary to protect someone’s life.
5. Public task: the processing is necessary for you to perform a task in the public interest or for your official functions, and the task or function has a clear basis in law.
6. Legitimate interests: the processing is necessary for your legitimate interests or the legitimate interests of a third party, unless there is a good reason to protect the individual’s personal data which overrides those legitimate interests (this cannot apply if you are a public authority processing data to perform your official tasks).
As the 25th May deadline approaches, we’re sure you’re coming into contact with a number of different organisations who are communicating their own GDPR journey with you. This can sometimes feel overwhelming but it’s important to note that although organisations will communicate with you in different ways, they will all be working to the same lawful bases.
If you’re interested in learning more, we recommend consulting the Information Commissioner’s Office Guide to the General Data Protection Regulation which can be found here.
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Lee Pooley
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Lee Pooley
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Lee Pooley
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Jo Kurz
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Jo Kurz
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Lee Pooley
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Matthew Theobald
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Jo Kurz
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Lee Pooley
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Lee Pooley
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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.
L Humphrey
Lee Pooley
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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.
G Dewdney
Lee Pooley
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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.
C Tate
Jo Kurz
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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!
I Murphy
Lee Pooley
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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!
C Bolas
Lee Pooley
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We have been taking mortgage advice from CamOuse for over 20 years and are always impressed by their friendliness and professionalism.
N Amery
Lee Pooley
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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.
L Smith
Matthew Theobald
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Camouse Financial Management Limited is an Appointed Representative of Quilter Financial Limited which 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.
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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
Entitled
Important Notes
- Eligible jobholders must be auto-enrolled
- Non-eligible jobholders are allowed to be auto-enrolled if they want to
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Qualifying Earnings lower threshold |
£5,772 |
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Qualifying Earnings upper threshold |
£41,865 |
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Automatic Enrolment earnings trigger |
£10,000 |
Minimum contribution level options:
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8% of Qualifying Earnings of which |
3% is employer's (starting at 1%) |
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9% of Basic Salary of which |
4% is employer's (starting at 2%) |
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8% of Basic Salary of which |
3% is employer's (starting at 1%) |
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(Where basic salary is at least 85% of total earnings) |
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7% of gross earnings of which |
3% is employer's (starting at 1%) |
Pay reference period
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