PK Group

Bernard Rust

master — Wed, 08 Feb 2012 17:29:37 +0000

Bernard advises individuals and business owners on complex financial planning, specialising in retirement planning and after-retirement planning. He takes time to analyse the goals and needs of individuals and business owners alike and prepares advice relating to retirement, protection (including business succession and business continuity planning), investments, pension transfers and drawdown.

Bernard is a Chartered Financial Planner and Fellow of the Sales & Marketing Management Institute.

Mark Taylor

master — Wed, 08 Feb 2012 17:24:34 +0000

Mark provides specialist pensions advice to PK Group’s wide client base. This includes advising on transfers between personal pension plans, matters relating to restructuring, winding up and transfer of benefits from occupational pension schemes (including final salary schemes), and annual contribution and lifetime allowance calculations. He also specialises in retirement planning, including income drawdown and flexible drawdown planning.

Monika Trzcinska

master — Wed, 08 Feb 2012 17:19:06 +0000

Monika takes care of bookkeeping, the preparation of management accounts and the preparation of statutory accounts for a wide range of clients, including high net worth individuals and SMEs.

Originally from Poland, Monika has an MSc in Economics and is currently studying for her ACCA qualifications.

Tax mitigation products – maximise your tax-free allowance

master — Thu, 22 Dec 2011 10:01:34 +0000

It’s the time of year when many of us start planning for the next financial year, and begin looking at ways to reduce the tax bill.

Every year, the government sets new guidelines for sponsored tax mitigation schemes, including ISAs, Venture Capital Trusts (VCT) and Enterprise Investment Schemes (EIS). Following is a brief summary of some of the key products which you may wish to consider when looking to maximise your tax-free investment opportunities.

Individual Savings Accounts (ISAs)

ISAs are free of income tax and capital gains tax. There are maximum investment limits which apply for each tax year (currently £10,680 per person for 2011/12). However, your investment could build steadily over several years. An ISA can be taken in stocks and shares or cash.

Venture Capital Trusts (VCT)

VCTs involve investing in unquoted trading companies. Investors will potentially be exempt from tax on dividends and on any capital gain arising from disposal of the shares in the VCT. It is possible to subscribe to shares up to a value of £200,000 with a tax relief rate of 30%, provided the shares are held for at least five years.

Enterprise Investment Scheme (EIS)

EISs incorporate equity investments in unquoted trading companies. There have been changes to the EIS that make it more attractive as a tax saver. Companies may now obtain 30% tax relief on their investment (up from 20%), and the annual investor limit has doubled to £1 million.

As attractive and prudent as these products are, it is important to receive specialist advice. EIS, for example, is a complex scheme and investment opportunities for investors with a speculative attitude to investment risk must be carefully assessed.

Please get in touch today with one of PK Group’s specialist tax advisors to find out more about making the most of your tax-free investment opportunities.

‘Cashless’ pension contributions

master — Sat, 15 Oct 2011 10:17:23 +0000

If you have invested much of your wealth into assets such as stocks and shares or perhaps a commercial property, you may find that making a cash contribution to a pension scheme is a stretch. To get around this potential cash flow issue, you have the option of making ‘in specie’ contributions, using assets in place of cash.

Assets such as stocks and shares and commercial property can be used to make a pension contribution and will enjoy the same level of tax relief as making ordinary cash contributions.

There are inevitably some limitations imposed by HMRC, so assets such as your favourite classic car, yacht, holiday home, vintage wine or work of art cannot be held by a pension plan as an investment.

The transfer of value must be done on a ‘commercial basis’ so the pension plan cannot take on board an asset at either an inflated cost or at a discounted price.

Any transfer of assets will still count towards the Annual Allowance that we all have for making pension contributions in any one year.

The transfer of any asset is considered by HMRC as a ‘disposal’ , which may have tax-related implications. You are therefore strongly recommended to take specialist tax planning advice on this matter.

PK Group can offer a consultation to discuss whether or not this approach could work for you and to ensure that you maximise the effectiveness of your pension investments and tax planning. If you would like to find out more about ‘cashless pension contributions, then please call one of PK Group’s advisors today.

Dale Thornley

master — Wed, 14 Sep 2011 15:42:04 +0000

Dale is responsible for all aspects of compliance, including the approvals of new business, advertising and liaising with the FSA. He also ensures that sales staff and consultants are fully trained in compliance matters.

Dale additionally provides compliance services to other IFA firms.

Chris Pegg

master — Wed, 14 Sep 2011 15:38:24 +0000

Chris provides administrative support the PK Group’s Financial Advisers. His responsibilities include obtaining valuations and new business illustrations, and the processing of new business applications (online and offline), ensuring that everything is completed as efficiently as possible.

Yoomna Ali

master — Wed, 14 Sep 2011 15:28:27 +0000

Yoomna gained her ACCA accountancy qualification in 2010 and joined us in 2011 as part of our Accounts and Audit Team.

Her responsibilities include the preparation of accounts for a wide range of clients, including small and medium sized companies and high net worth individuals. She also provides corporation tax advice and support to her corporate clients and manages a number of auditing projects.

PK Group is recruiting

master — Thu, 14 Jul 2011 10:44:55 +0000

PK Group, Richmond’s leading firm of financial advisers and accountants, is currently looking to recruit an experienced financial adviser to help generate new business and to support a number of our existing clients, from SMEs to high net worth individuals.

The ideal candidate will have a minimum of 2 years’ IFA experience, hold the FPC and ideally be working towards Diploma level. The salary and bonus we are offering will be dependent on experience and qualifications.

If you would like to find out more about this position and become part of one of South West London’s leading firms, where entrepreneurial spirit and a hands-on approach are both valued and rewarded, then please forward your CV to Dale Thornley – dale.thornley@alifa.org.uk

Anyone for cricket?

master — Thu, 16 Jun 2011 08:49:28 +0000

PK Group’s team of financial advisers and accountants don’t just play the numbers game – they also enjoy a good cricket match too!

We regularly play cricket against client teams and other local businesses in Richmond, Twickenham and surrounding areas. Matches take place in the evenings at local grounds in Teddington and Hampton Hill. We play throughout the summer months, weather permitting. If you are interested in pitting your company against ours in a relaxed and friendly environment, then please contact us and ask for John Bosiger.