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Thomas Westcott advises many NHS professionals with their financial planning affairs; we would like to share with you a topic relevant to all NHS pension scheme members. 

It concerns the tapered reduction of the pensions annual allowance for those earning £150-210K per annum. This “adjusted income” figure includes NHS PAYE income, private practice income and the value of employer pension contributions amongst others. 

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Andrew Brown
By Chartered Wealth Manager and Director at Thomas Westcott Chartered Financial Planners Andrew Brown

Recently the Government introduced new freedoms to give people greater than ever access to their pension savings.

For instance, if you are 55 or over you can now take as much or as little out of your pension savings as you like, including:

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We’re excited to announce that we’ve just launched our own Thomas Westcott Corporate Finance Service and have appointed experienced Alison Watts to head the new team.

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This month we meet Honiton based Personal Tax Manager, Gaynor Marsh. 

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Click HERE to read our summary of the Chancellor's Autumn Budget. 

For the second year running we are included in the Top 50 of the UK’s leading accountancy practices and have actually risen even further up the table.

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Ian McMurtry
By Partner Ian McMurtry

If you are considering diversification in your farming activities, you need to be aware that diversification will not work for every business. To find out if diversification is the right choice for you, you should be ready to discuss with your professional advisor:

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We were thrilled to be part of last night’s annual Western Morning News Business Awards, where we not only sponsored the “Family Business of the Year” category but we also received a “highly commended” award ourselves for the work we do communicating with clients.

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Sheldon Cole
By Partner Sheldon Cole

 

A company purchase of own shares has for many years been a useful tool to enable a shareholder to exit from a company.  Provided the company has sufficient cash and distributable reserves, the company can purchase the shares. This is often a useful alternative to the continuing shareholders acquiring the shares which may pose funding or other issues.

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With the Chancellor preparing to deliver his autumn Budget we’re inviting businesses and individuals from Devon and Somerset to find out what the announcement’s impacts might mean for them.

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