Company News
29th Jan 2010 - Director wins National Award ..Again!
For the second year running Ralph Zoing of Marshall Zoing Ltd, Harrogate based Wealth Managers, successfully predicted the world’s best and worst performing markets in a national competition run by F&C Investments annually. Back in January 2009, at the F&C investment conference held at Rudding Park, and with the world seemingly stood at the edge of a financial precipice, Zoing accurately predicted what looked then to be an extremely unlikely turnaround for financial markets. He pinpointed Global Emerging Markets as the likely top performer of the year and suggested that Japan would be the worst performer of 2009. These predictions followed his successful nomination of Japanese outperformance in 2008. Of all the competition entrants, Zoing prediction skills have again proven to be the most accurate – To win the competition once is impressive, but to do it again proves that it was not a fluke. It is an especially impressive feat given that we’ve just been through one of the most turbulent financial episodes in history. What are Marshall Zoing predicting this year?
25th Jan 2010 - Taking More From High Earners
In the 2009 Budget, Chancellor Alastair Darling announced measures that could hit anybody who earns more than £100,000. From April 2010, changes to the personal allowance, in conjunction with the introduction of a new higher rate tax band, are likely to cost even those near the bottom of these earnings levels an extra £2,500 a year. Furthermore, these measures were accompanied by a move to limit maximum pension contributions, which could add to the impact for those earning more than £130,000.
Targeting high earners
The measures are designed to see those who earn more contribute more to the repayment of the UK’s extraordinary debt levels. They include:
- a reduction in the personal income tax allowance for those earning more than £100,000;
- a new 50% income tax band (from April 2011) for those earning more than £150,000; and
- limitations on the tax rebates available on pension contributions.
Taken together, these measures mean high earners need to start thinking now about how to mitigate some of their impact. There are a number of things that can be done to help but, with time running short, you should start thinking now to make the most of this opportunity.
Getting help
If you would like to find out more about the measures and start making plans to limit their effects, we can help. Whether it is through pension planning, investment advice or simply assessing your salary level and tax position, we will take a close look at your financial situation and recommend solutions tailored entirely to your needs.
BBC News
10th Mar 2010 - BA strike action talks to resume
Talks aimed averting strike action by BA cabin crew are due to resume later, after a deadline was extended.
9th Mar 2010 - Trade gap widens unexpectedly
The UK goods trade deficit with the rest of the world widens in January, causing the pound to dip below $1.50.
9th Mar 2010 - Payment protection rules delayed
The Financial Services Authority is delaying its plans to combat the mis-selling of payment protection insurance.
9th Mar 2010 - Aer Lingus to make 670 job cuts
Aer Lingus announces plans to lay off 670 staff, including nearly a quarter of its cabin crew, as part of restructuring plans.
9th Mar 2010 - Obama backs Greece on speculators
President Barack Obama has 'responded positively' to calls to clamp down on market speculators, says the Greek PM after talks.
© BBC 2010
FT Business News
9th Mar 2010 - Internet law 'threatens free speech'
Plans to force internet providers to block sites carrying pirated music and films 'threaten freedom of speech and the open internet', says internet and telecom companies
9th Mar 2010 - Bankers seek to cut ex-wife payments
City financiers who have seen their bonuses slashed or lost their jobs are flocking to the courts to seek a reduction in the amount of maintenance they pay to ex-wives
© The Financial Times Ltd 2010
FT Financial Services News
10th Mar 2010 - Senators eye pre-funded resolution authority
Senators in the banking committee have agreed in principle to a partially pre-funded 'resolution authority' to wind down a failing bank holding company, favouring a structure that would levy a $50bn charge on the industry
9th Mar 2010 - Investors warn EU on private equity rules
Europe risks building a protectionist wall between itself and the global private equity industry if plans for a sweeping overhaul of regulation in the sector go ahead, some of the world's biggest institutional investors have warned
© The Financial Times Ltd 2010
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