Last week the Chancellor Rachel Reeves gave her maiden Mansion House speech where she promised a shakeup of the UK’s financial services sector – from pension reforms, to redefining the role of financial regulators. Max Steward, Account Manager in our Financial Services team examines whether the slew of proposed reforms could ignite growth across the UK economy. Read more here: https://lnkd.in/exnt_siN
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The rhetoric about “tax breaks for the rich” is often populist point scoring. In my over two decades experience working with investors, negative gearing is the realm of mum and dad suburban families trying to do a little bit better for themselves and stand on their own two financial feet. And as our calculations show in my article in The West Australian today, rather than being a drain on the tax system, long term held real estate investors can become net contributors to the tax system.
Negative gearing is back in the government spotlight. At Empire we have seen the positive impact the right investment property ownership, in the right circumstances, can have in people’s ability to be financially secure and reduce the burden on the government pension system. For that reason we’re broadly supportive of measures that support and encourage that self sufficiency. In today’s edition of The West Australian our MD Raymond Pecotic outlines how the negative gearing system can become a positive for the government in collection of taxes. Daniel Newell Nicholas Hart Kiah Bradford Andrew MacDougall Aleks Grujicic Glyn Cooper Michael Scolt Ethan Hills Samuel Richardson Thien Hao Van Millicent McMahon Carrie Kennewell Abbey Lynn
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In our summer edition of DC Agenda we discuss potential implications of some of the current pension proposals relevant to DC schemes: small pots, the advice/guidance boundary, and decumulation.
Our summer edition of DC Agenda is now live. In this edition, we look at potential implications for trustees of some of the proposals arising from last year’s Autumn Statement including small pots reforms and decumulation. We also discuss the recent proposals on the advice/guidance boundary. Click the link to read more.
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The Conservatives are surprisingly buoyant in Birmingham given their crushing election defeat in July. It’s as if a great burden has been lifted. Here for The Quoted Companies Alliance, I’ve had positive conversations about giving younger people a stake in the economy by broadening share ownership and getting UK pensions more invested domestically - plus concerns over potential changes to CGT and business relief in the upcoming Budget. Without straying into party politics, it is clear the Conservatives will make an effective Opposition as soon as the leadership question is resolved. And that’s good news for promoting and challenging the growth agenda to which our members, small and midsized companies ranged all over the UK, have so much to contribute. #cpc24 #growthagenda #publicequity #growthcapital #midcaps #smallcaps #wealthcreation #investment #shares #ukeconomy
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As the dust settles on the UK budget...I don't think many expats or advisers (me included) expected the change with UK pensions and inheritance. Whilst I understand this change to pensions is a challenging fact to face for many there is one positive I feel we can take from it. As someone who helps many expats from around the world that live here in Switzerland plan for retirement, I often find it challenging to encourage them to spend their money due to the psychological and emotional transition from 'working and saving' to 'retiring and spending'. In that context, there is small a part of me that welcomes the fact that pensions will fall into the IHT regime… Many people find it difficult to spend their savings in retirement, but removing a key incentive to hold back can help ease some of their common hesitations. My hope is that this change will encourage the UK expats I work with to enjoy their pensions for their intended purpose: to support a vibrant and fulfilling second chapter, filled with meaningful activities, memorable experiences, and happiness. And if there’s still a surplus, they can make an impact by gifting during their lifetime, supporting their loved ones and the causes they care about most - precisely when it’s needed. Cashflow planning now becomes an even more powerful tool for retirement plans. #RetirementPlanning #RosbothamFinance #CashflowPlanning #Expats
Budget 2024 summary: Key points from Rachel Reeves’s speech
bbc.com
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What next indeed. This is one webinar I’ll be tuning into. So much to discuss and we are fortunate to have experts on all the major issues. Join us on Wednesday @12.30. #industrialrelations, #employment #immigration #globalmobility #tax #business #housing #technology #climatechange #construction #education
After an historic and unprecedented night, Keir Starmer will become Prime Minister in the next few hours and begin announcing his cabinet soon after. As the dust settles, join our panel of experts next Wednesday, 10 July , for a lunchtime webinar to discuss the likely impact on business, families and individuals in the UK and overseas. You can put your questions, live or in advance, to the panel on a plethora of issues from immigration and global mobility, Britain’s future relationship with the EU, financial regulation, security and technology to pensions, employment rights, taxation, education, health, housing, the environment and climate change. Register here: https://lnkd.in/e8tfYbdp #generallelection #labour
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ALL CHANGE ? See what’s next after this historic election result and what may change and join our webinar - link below #penningtonsmanchescooper #election2024 #labour #change #multilaw #IBA
After an historic and unprecedented night, Keir Starmer will become Prime Minister in the next few hours and begin announcing his cabinet soon after. As the dust settles, join our panel of experts next Wednesday, 10 July , for a lunchtime webinar to discuss the likely impact on business, families and individuals in the UK and overseas. You can put your questions, live or in advance, to the panel on a plethora of issues from immigration and global mobility, Britain’s future relationship with the EU, financial regulation, security and technology to pensions, employment rights, taxation, education, health, housing, the environment and climate change. Register here: https://lnkd.in/e8tfYbdp #generallelection #labour
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A new Labour government: What will that mean? send your questions in and register for our lunchtime webinar to provide some answers!
After an historic and unprecedented night, Keir Starmer will become Prime Minister in the next few hours and begin announcing his cabinet soon after. As the dust settles, join our panel of experts next Wednesday, 10 July , for a lunchtime webinar to discuss the likely impact on business, families and individuals in the UK and overseas. You can put your questions, live or in advance, to the panel on a plethora of issues from immigration and global mobility, Britain’s future relationship with the EU, financial regulation, security and technology to pensions, employment rights, taxation, education, health, housing, the environment and climate change. Register here: https://lnkd.in/e8tfYbdp #generallelection #labour
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What next? Please join us and our panel of experts next Wednesday at 12h30 for our webinar following the election - link to register below. #penningtonsmanchescooper #generalelection
After an historic and unprecedented night, Keir Starmer will become Prime Minister in the next few hours and begin announcing his cabinet soon after. As the dust settles, join our panel of experts next Wednesday, 10 July , for a lunchtime webinar to discuss the likely impact on business, families and individuals in the UK and overseas. You can put your questions, live or in advance, to the panel on a plethora of issues from immigration and global mobility, Britain’s future relationship with the EU, financial regulation, security and technology to pensions, employment rights, taxation, education, health, housing, the environment and climate change. Register here: https://lnkd.in/e8tfYbdp #generallelection #labour
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As is the way of my travels at the moment - another round table, this time in the City of London at the offices of Rathbones Group Plc. This time we discussed the autumn #budget and the implications, effects and as many at the event related - fears - surrounding the chancellor's recent announcements at the dispatch box. Discussion topics included: #Tax: Potential changes to #CGT, #IHT, income tax and #VAT and their implications #Borrowing: What could fluctuations in interest rates mean for business? #Assets: How might #wealth management be affected? State: Potential reviews of public spending, including #pensions #Policy: How different will Labour's ideas be from Conservative ones? A huge thanks to Paul Attridge @ Gerald Edelman Ross Wiggins @ Menzies LLP Adrian Alexander @ FRP Advisory Rebecca Glazebrook @ Cripps Rob Borley @ Dootrix Jonathan Hickman @ BDO Tony Court @ Indicator Matt Turner @ Creative Pod UK Joel Sweeney @ Xpertex Ltd Simon Warne @ Crowe UK Anthony Macey @ Thackray Williams LLP Jonathan Manning @ Rathbones Group Plc Nick Vaill @ Rathbones Group Plc See full coverage in the next edition of South East Business Insider, from Insider Media, and on our website. Have a great evening. Sap saptarshi.ray@newsco.com
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⚖️ Ready for change in Government? With a potential shift in power, many are concerned about how this will affect their finances. From pension plans to ISAs, we break down the steps to safeguard your wealth. Hear from one of our Partners, Roger Clarke, who has experienced this all before! https://lnkd.in/ezTGBDHD #finances #pensionplans #newgovernment #financialplanning
How to plan your finances in an election year | The Private Office
theprivateoffice.com
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