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Camouse Blog

Tips on how to avoid ‘FOMO’ investing

Tips on how to avoid ‘FOMO’ investing

We’ve all experienced FOMO at one point in our lives, or to give it its full name; fear of missing out. It’s the feeling you get when there’s an event taking place that you can’t attend. It’s the “But, what if?” when considering whether to turn down an opportunity. It’s the anxiety that is all too common when we want to agree to something but are over-committed.

CamOuse Financial Management Limited Posted by: CamOuse Financial Management Limited
14 Feb 2019


February Market Commentary

February Market Commentary

The story of the US/China trade dispute was a thread running through much of last year. Some progress was made in resolving the dispute at December’s G20 summit and that appeared to continue in January with China saying it is ‘ready to work’ with the US. Donald Trump confirmed this, describing a telephone conversation with Xi Jinping as leading to ‘big progress’.

CamOuse Financial Management Limited Posted by: CamOuse Financial Management Limited
14 Feb 2019


Saving for retirement: what’s the magic number

Saving for retirement: what’s the magic number

It’s easy to push saving for your retirement to the back of your mind. Future events have a habit of feeling very distant, until they arrive. It can be a difficult thing to keep track of too; with nobody helping you along the way or checking up on your savings, putting a retirement plan in place can be a lonely experience.

CamOuse Financial Management Limited Posted by: CamOuse Financial Management Limited
23 Jan 2019


Converting a Help to Buy ISA to a Lifetime ISA

Converting a Help to Buy ISA to a Lifetime ISA

With help-to-buy ISAs being phased out on 30th November 2019, many people are considering transferring their funds into a Lifetime ISA. You’ll still be able to access existing help-to-buy accounts until 30th November 2029, but it’s worth knowing which option is right for you.

CamOuse Financial Management Limited Posted by: CamOuse Financial Management Limited
16 Jan 2019


The long-awaited ban on pensions cold-calling is finally coming into force

The long-awaited ban on pensions cold-calling is finally coming into force

From January 9 2019, the cold-calling of savers about anything to do with their pensions will become illegal. The new law doesn’t just cover phone calls. Any unsolicited emails or text messages about your pension will also be illegal.

As it stands, not every cold-call about you receive about your pension is a scam, though many scammers use it as a tactic to get their hands on your retirement savings. When the ban comes into force, you can be sure that any out-of-the-blue call about your retirement savings is definitely a scam.

CamOuse Financial Management Limited Posted by: CamOuse Financial Management Limited
7 Jan 2019


December Markets in brief

December Markets in brief

December rounded off what ended up being a poor year for global markets. In fact, 2018 has been the worst year for global markets since the annus horribilis of 2008. At the end of years like this, it’s important to remember that saving and investing is for the long term. Bad years inevitably happen once in a while.

CamOuse Financial Management Limited Posted by: CamOuse Financial Management Limited
4 Jan 2019


What small businesses need to be aware of in order to avoid onerous tax bills

What small businesses need to be aware of in order to avoid onerous tax bills

Corporation tax isn’t just the premise of large companies. All UK companies face a 19% tax on profits for the year 2018, including ‘small profit’ companies which make £300,000 or less in annual profits. However, there are a few things that you can do to reduce your taxable profits if you’re a small business owner.

CamOuse Financial Management Limited Posted by: CamOuse Financial Management Limited
3 Jan 2019


January Market Commentary

January Market Commentary

A quiet wind down to Christmas? Everyone leaving their offices early and not much happening in the second half of the month?

Nothing could be further from the truth: December was one of the most eventful months of the year and while there was some good news, it was eclipsed by falling stock markets as global markets had their worst year since 2008. As we have said many times, saving and investing is for the long term: years like this one will inevitably occur from time to time.

CamOuse Financial Management Limited Posted by: CamOuse Financial Management Limited
3 Jan 2019


  • I thought CamOuse were very helpful and dealt with my enquiries promptly.

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  • I have been a client of CamOuse's for many years. My advisors have provided assistance with mortgages, financial planning, investments and most importantly my future. The team remain passionate and professional and I would recommend CamOuse without question.

    5 out of 5

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    Trevor Honey & Clive Nickalls

  • The staff are always happy to help.

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  • Lee has always given me excellent advice when choosing a new mortgage. I would highly recommend him.

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    Lee Pooley

  • Everyone is very friendly, approchable, helpful and professional.

    5 out of 5

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    Trevor Honey

  • I would like to thank Lee for all his help, he was amazing!

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    Silk & Schwarz

    Lee Pooley

  • Lee was recommended to us by 2 of his existing clients, colleagues and friends of ours and I'm glad they did so! He made the whole process much simpler then we were expecting.

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    Lee Pooley

  • Very happy with Clive Nickalls' advices. Very professional and friendly approach - thank you Clive.

    5 out of 5

    Keutgen & Rouhaud

    Clive Nickalls

  • Lee has helped us on several occassions and we always appreciate and value his time and efforts.

    5 out of 5

    I & A Murphy

    Lee Pooley

  • Both Lee and Grace are great!

    5 out of 5

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    Lee Pooley

  • I really appreciate the prompt, friendly, efficient service.

    5 out of 5

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    Clive Nickalls

  • Very pleased with the service provided and happy to recommend to my customers and friends and family.

    5 out of 5

    M Chadburn

    Clive Nickalls


CamOuse Financial Management 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.

The information contained within the website is subject to the UK regulatory regime and is therefore primarily targets at customers in the UK.

Registered address: Unit 111, Lancaster Way Business Park, Ely, Cambridgeshire, CB6 3NX

Registered in England and Wales. Registered No: 5662116.

Peninsula: Accredited Standard

Understanding the true cost to your business

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

Aged between 16 – 74 with qualifying earnings between lower threshold and the Auto Enrolment earnings trigger
 
Aged between 16 -21 or SPA – 74 with qualifying earnings over Auto Enrolment earnings threshold

Entitled

Aged between 16 -74 with earnings below the qualifying earnings lower threshold

Important Notes

  1. Eligible jobholders must be auto-enrolled
  2. Non-eligible jobholders are allowed to be auto-enrolled if they want to
  3. Entitled workers are entitled to join a pension scheme, but the employer doesn't have to contribute

Qualifying Earnings lower threshold

£5,772

Qualifying Earnings upper threshold

£41,865

Automatic Enrolment earnings trigger

£10,000

Minimum contribution level options:

8% of Qualifying Earnings of which

3% is employer's (starting at 1%)

9% of Basic Salary of which

4% is employer's (starting at 2%)

8% of Basic Salary of which

3% is employer's (starting at 1%)

(Where basic salary is at least 85% of total earnings)

7% of gross earnings of which

3% is employer's (starting at 1%)

Pay reference period

Essentially the frequency that the jobholder is paid e.g. monthly, weekly etc. but with reference to the tax month, week etc. therefore it may not be the same as the payroll period.

Deduction and payment of contributions

It is the employer who is responsible to calculate, deduct and pay all contributions to the AE scheme. NOTE – the first and last contributions are likely to be for less than a full pay reference period and should be adjusted accordingly.

Payroll services

It can be seen that it is very important that the payroll system synchronises with the AE scheme otherwise the employer will not be carrying out all requirements and then penalties will be incurred.

Staging date

Based on the employer’s payroll size as at 1 April 2012 and can be found at www.thepensionsregulator.gov.uk/employers using your PAYE reference. The Qualifying Workplace Pension Scheme must be registered with The Pensions Regulator within 4 months of the staging date.

Compliance and communication

Postponement

Auto-Enrolment can be postponed for up to 3 months:

  • For current eligible employees
  • For workers that meet the criteria in the future for the first time e.g. avoid joining temporary or lower paid workers

Opt-Outs

All eligible employees must be auto-enrolled, but can, with the correct notification, opt-out within one month of joining the scheme and be treated as never having joined. They can opt back in and will automatically be auto-enrolled every 3 years in any case!

Communication

There is a wide range of information that must be provided to all employees at certain times, such as:

  • The date auto-enrolment took place for eligible jobholders
  • That non-eligible jobholders have the statutory right to opt in
  • Entitled workers have the right to request the employer to enrol them into a pension scheme

Salary sacrifice

Contributions can be paid by effectively reducing salary, which saves on NI contributions, but employee must choose to do this – they cannot be forced, so a contractual variation will need to be implemented.

Default investment fund

Investment Options

All eligible employees will be automatically invested into a default investment fund, which is a balanced risk fund that is “life styled” to account for the employees approach to retirement. They also have the option to invest in a wide range of funds of their choosing.