Baxter Fensham Limited Financial Planners - Financial Planners, Wealth Managers, Tax Planners

The Incorporation of Dental and Veterinary Partnerships and a note of Caution Re its Impact on Existing Income Protection Contracts  Many accountants are currently advising their Dental and Veterinary practices to incorporate in order to gain substantial tax advantages in terms of extracting profits. On the whole this advice is usually good and can certainly [...]

How did Baxter Fensham’s Passive Investment Strategy Perform in 2009 in Comparison with Active Wealth Management Strategies?  2009 will go down in investment history as one of the years when the market fooled many of the active wealth management community. The year started as 2008 finished with the FTSE 100 index falling a further 14% [...]

Do you Know your “Smart or Magic Number”?  The starting point of building a successful Financial Plan is all about calculating what your “Smart Number” is. In a nutshell your Smart Number is the amount of accumulated wealth you need in order to achieve the desired lifestyle you want throughout your working life and in [...]

What does Successful Retirement Planning Encompass?

To understand retirement planning we need to think about far more than just a savings plan. We need to understand that people’s lives are complex and that they are likely to have series of different income and capital streams or resources available to them over their working lifetime, as well as different forms of debt that need to be repaid

We are often asked to confirm minor but very important details concerning the NHS pension scheme to many of our clients. So in this newsletter we will endeavour to cover the main areas that we are most commonly asked for information on, and this will hopefully clear up some of the confusions that exist.

As all our investors are aware our investment philosophy is based around four key principals:-

In the budget the chancellor announced the introduction of a 50% tax rate for those with taxable earnings above £150,000. However the position is more complicated than this, as what was not made quite so clear was that there will in fact be an increased tax take between 40% and 42.29% for anyone earning above £100,000.

£2,590 extra tax bill for those earning more than £112,950 per year
In the budget the chancellor announced the introduction of a 50% tax rate for those with taxable earnings above £150,000. However the position is more complicated than this, as what was not made quite so clear was that there will in fact be an increased tax take between 40% and 42.29% for anyone earning above £100,000.