S&W The Pulse

Whether or not it is practical for a business to have employees working overseas will depend on the business, but there are some benefits. In this episode on global mobility, we discuss key considerations businesses need to be thinking about.This is especially relevant now as the pandemic has had a big impact on how and where we work.  We are starting to adopt new ways of working again as restrictions begin to be relaxed.A key considering is whether or not to give employees flexibility to work outside the UK.  Businesses who choose to adopt international remote working arrangements may gain access to a more global and diverse talent pool, and also benefit from improved talent attraction and retention. There are, however, various tax, HR and legal considerations. To receive the latest tax updates, subscribe to our mailing list here: https://bit.ly/3qFWRaLThis episode was recorded on 23/06/2021This S&W The Pulse podcast is of a general nature and is not a substitute for professional advice. No responsibilit

What do you need to be thinking about when you’re approaching retirement? In this episode Anne & Dougie discuss retirement planning and how peace of mind can be achieved.Topics covered in this episode: pension contributions, rental income, mortgages, cash deposits, the importance of budgeting, state pension and; what levels of income will you need in retirement.SOCIAL MEDIA:Twitter - @SmithWilliamsonLinkedIn - @Smith&WilliamsonCREDITS:Hosts: Anne McClean, Dougie CameronProducer: Laura BurrowsGET IN TOUCH:Have any feedback? We're listening, email us at: podcast@smithandwilliamson.comsmithandwilliamson.com This episode was recorded on 10/05/2021This S&W The Pulse podcast is of a general nature and is not a substitute for professional advice. No responsibility can be accepted for the consequences of any action taken or refrained from as a result of what is said. The views expressed are not necessarily those of the presenter or of Smith & Williamson or any of its affiliates. No reproduction of thi

In this episode we’ll be looking at the recent volatility in stock markets and whether concerns on inflation are justified.Markets were spooked by concerns of a stagflation environment of high inflation and low growth. This followed higher-than-expected US inflation, where April headline CPI rose 4.2% from a year ago - the highest rate for 13 years - and a disappointing US non-farm payroll number for the same month to raise investor concerns about a sustained recovery. However, given that US and global 2021 real GDP growth is expected to grow at its fastest rate for decades, the risk of stagflation seems low GET IN TOUCH:Have any feedback? We're listening, email us at: podcast@smithandwilliamson.comSubscribe to our mailing list here, select the topics you would like to be contact on: https://bit.ly/2Sqp4paFOLLOW US:Twitter - @SmithWilliamsonLinkedIn - @Smith&WilliamsonCREDITS:Hosts: Daniel Casali, Cherry ReynardProducer: Laura BurrowsThis episode was recorded on 27/05/2021Capital at risk. Please remember

Throughout this episode, Julia and Anthony describe some of the key changes to capital gains tax and inheritance tax that have been proposed by various bodies such as the Office of Tax Simplification, and explore how this could potentially impact you and your family.Julia Rosenbloom and Anthony Whatling, Partners in our Private Client Tax Services team, discuss the possibility of tax reform in the UK.  Throughout this episode, Julia and Anthony describe some of the key changes to capital gains tax and inheritance tax that have been proposed by various bodies such as the Office of Tax Simplification, and explore  how this could potentially impact you and your family.SOCIAL MEDIA:Twitter - @SmithWilliamsonLinkedIn - @Smith&WilliamsonCREDITS:Hosts: Julia Rosenbloom, Anthony WhatlingProducer: Laura BurrowsGET IN TOUCH:Have any feedback? We're listening, email us at: podcast@smithandwilliamson.comWant to know more about our Private Client Tax Services and how we can help you? Head here for more info https://bi

In this episode we will be discussing capital allowances, in particular the super deduction.As an incentive to encourage and accelerate capital investment and drive growth, the Government announced a series of generous capital allowances measures in the recent 2021 Budget. Throughout this episode we’ll be discussing the background to the new relief and an overview of what it covers and how it works; some of the key issues we’ve noticed and have been discussing with our clients; and as well as the practical advice and assistance we’re able to provide to our clients. SOCIAL MEDIA:Twitter - @SmithWilliamsonLinkedIn - @Smith&WilliamsonCREDITS:Hosts: Zoe Thomas, Martin DyeProducer: Laura BurrowsGET IN TOUCH:Have any feedback? We're listening, email us at: podcast@smithandwilliamson.com This episode was recorded on 29/04/2021This S&W The Pulse podcast is of a general nature and is not a substitute for professional advice. No responsibility can be accepted for the consequences of any action taken or refraine

In this episode We’ll be looking at what’s happening in markets with the vaccine roll-out underway and whether accommodative monetary and fiscal policy might come with an inflationary sting in the tail. FOLLOW US:Twitter - @SmithWilliamsonLinkedIn - @Smith&Williamson CREDITS:Hosts: Daniel Casali, Cherry ReynardProducer: Laura Burrows GET IN TOUCH:Have any feedback? We're listening, email us at: podcast@smithandwilliamson.comCheck out our podcast episode library here: https://smithandwilliamson.com/thepulse/Want to find out more about Smith & Williamson, visit: smithandwilliamson.com This episode was recorded on 29/04/2021Capital at risk. Please remember the value of investments and the income from them can fall as well as rise and investors may not receive back the original amount invested. Past performance is not a guide to future performance.This S&W The Pulse podcast is of a general nature and is not a substitute for professional advice. No responsibility can be accepted for the consequences of

Lifetime allowances for pensions was first introduced in 2006. This is the amount an individual is allowed to accrue in pensions scheme before paying any tax charges. The lifetime allowance for 2021/22 has been frozen and sits at £1,073,100.Lifetime allowance can be extremely complex area to navigate. This podcast is not intended as advice and those who face any of the issues discussed in the podcast are  encouraged to seek appropriate financial planning advice. Want to know more about our Personal Financial Planning Services and how we can help you? Head here for more info: https://smithandwilliamson.com/en/services/personal-financial-planning/SOCIAL MEDIA:Twitter - @SmithWilliamsonLinkedIn - @Smith&WilliamsonCREDITS:Hosts: Anne McClean, Douglas CameronProducer: Laura BurrowsGET IN TOUCH:Have any feedback? We're listening, email us at: podcast@smithandwilliamson.comView all episodes for the Personal Financial Planning show here: https://bit.ly/3wWnSZW This episode was recorded on 19/04/2021This S&W T

This episode is all about transfer pricing;  what is it, why does it matter, how it is applied to businesses, where does it need to be applied and how the UK documentation regime works. It’s not something to be afraid of – it’s something to be aware of.So what is transfer pricing? Transfer pricing is the pricing of transactions between associated enterprises. Most commonly, this is the pricing of interactions between companies within a group. From a tax authority perspective, they are looking for these interactions to be at a price that would be set between independent parties.For more information, or any questions around transfer pricing, please get in contact with Philip Newbold.SOCIAL MEDIA:Twitter - @SmithWilliamsonLinkedIn - @Smith&WilliamsonCREDITS:Hosts: Philip Newbold, Rebecca Foley, Mike BeardProducer: Laura BurrowsGET IN TOUCH:Have any feedback? We're listening, email us at: podcast@smithandwilliamson.com This episode was recorded on 04/03/2021This S&W The Pulse podcast is of a general natur

In this episode we’ll be talking about the Ides March and whether that will be a bad omen for stock markets.While a rise in longer-term bond yields has hurt parts of the market in the short-term, we believe any potential equity market vulnerability should be transitory: US interest rates are still low, economic recovery continues at pace and growth expectations are higher.  That said, the tug of war between stronger growth on one hand and higher rates on the other is likely to give rise to volatility. We discuss how we are approaching this in our portfolios, where the key risks lie and the outlook for financial markets over the next few months.  FOLLOW US:Twitter  @SmithWilliamsonLinkedIn @Smith&WilliamsonCREDITS:Hosts: Daniel Casali, Cherry ReynardProducer: Laura BurrowsGET IN TOUCH:Have any feedback? We're listening, email us at: podcast@smithandwilliamson.comCheck out our podcast episode library here: smithandwilliamson.com/thepulse/Want to find out more about Smith & Williamson, visit: smithandwil

In this episode, Nick Travis chats to Sir Rod about finding confidence in his early years, family values and his inner determination that shaped his career.Sir Rodney Aldridge founded Capita Group in 1987 and built it to become a FTSE 100 company. Today, his focus is on improving the education system that let him down, through the Aldridge Foundation.The Aldridge Foundation is a charity built on a desire to open the minds of young people, equipping them with essential, transferable employability and life skills and developing an enterprising mindset so that they will have the ability to create better life chances for themselves. And become catalysts for positive change in their communities.Rod is also using his wealth and time to get involved in mental health projects, being deeply involved in a business called Frog Systems.Frog Systems which offers a video based mental health and wellbeing solution that captures the power of the lived experience to offer hope and support to those in need.To find out more abo

In the last two episodes we discussed the governance landscape for family businesses and how the right governance structure can help family businesses build a sense of purpose. In today’s episode, we look at bringing in the next generation.Key questions raised in this episode:[0:42] The survey looked at how a family could become a brand in its own right. Can you talk about why that could be important? [2:37] To what extent are you seeing families develop a social purpose as well as a business purpose that reinforces that brand? [4:04] Can you give some examples of what this looks like in practice? [5:12] Is this an important tool to bring in the next generation? [5:52] What other elements are important for engaging the next generation?[7.20] How can the right governance structures encourage this engagement? You can read the full Family Business Survey here: https://bit.ly/3kuu3yQSOCIAL MEDIA:Twitter - @SmithWilliamsonLinkedIn - @Smith&WilliamsonCREDITS:Hosts: Rupert Phelps, Cherry ReynardProducer: Laura B

Last episode we talked about the need for good governance structures and where family businesses should start. This week we’re focusing on the upsides of good governance – the advantages it can bring to a family business.Key questions raised in this episode:[0:48] This episode we are focusing on the positives from governance, with that in mind, can you talk about how governance and ‘purpose’ interact for family businesses?[2:00] Presumably this ‘purpose’ should run through the DNA of a family business – what does this look like in practice?[3:40] What are the risks of not having that sense of shared purpose?[4:58] How does a family decide on the purpose of a business? What are the best ways to embed it in the governance structure?[6:30] What is good practice in terms of family meetings? How important are they?[8:15] How do the most successful family businesses collaborate?You can read the full Family Business Survey here: https://bit.ly/3kuu3yQSOCIAL MEDIA:Twitter - @SmithWilliamsonLinkedIn - @Smith&Willi

In our new Family Wealth Show, we discuss over the course of three episodes findings and insights from our latest biennial Family Business Survey. Today’s episode covers the governance landscape for family businesses.Key questions raised in this episode:[1:40] What did the survey reveal about attitudes to governance?[3:15] Do most families have governance structures in place? If so, which are most common? [4.28] From your experience, what galvanises families into implementing new governance procedures?[5:55] Where should families start when implementing new governance procedures and how have you seen different family approaching it? [7:30] Which areas do you believe are particularly important? [9:00] How can families assess what is working and what isn’t? You can read the full Family Business Survey here: https://bit.ly/3kuu3yQSOCIAL MEDIA:Twitter - @SmithWilliamsonLinkedIn - @Smith&WilliamsonCREDITS:Hosts: Rupert Phelps, Cherry ReynardProducer: Laura BurrowsGET IN TOUCH:Have any feedback? We're listening

March is a very exciting month from a tax point of view with the Budget on the 3rd and a range of tax consultations published on 23rd. In this episode we outline key tax changes for you and your business, as announced in the UK Budget on 3rd March by the Chancellor of the Exchequer, Rishi Sunak.In this budget Rishi Sunak delivered a targeted balance of new tax increases and tax reliefs as he tries to support struggling sectors and stabilise the national debt. With the pandemic creating a once in a lifetime cost to the Treasury, there was little that could be given away, yet the Chancellor could not do anything to curtail an economic recovery. Thus, we saw no headline changes to income tax rates or VAT rates: both impact consumer spending and therefore economic recovery. However, the Chancellor did bring in measures to claw back tax revenues. Some of these were obvious, such as corporation tax changes; others were more subtle such as freezing reliefs and allowances. The Chancellor can only hope for a controlle

In this episode we look at how the growth in money supply in the US could impact the global economy looking forward. US broad M2 money supply increased by 27.5% in January 2021 from a year ago, the fastest growth rate in 150 years. What does this mean for equity valuations? FOLLOW US:Twitter - @SmithWilliamsonLinkedIn - @Smith&WilliamsonCREDITS:Hosts: Daniel Casali, Cherry ReynardGET IN TOUCH:Have any feedback? We're listening, email us at: podcast@smithandwilliamson.comCheck out our podcast episode library here: https://smithandwilliamson.com/thepulse/Want to find out more about Smith & Williamson, visit: smithandwilliamson.com This episode was recorded on 02/03/2021Capital at risk. Please remember the value of investments and the income from them can fall as well as rise and investors may not receive back the original amount invested. Past performance is not a guide to future performance.This S&W The Pulse podcast is of a general nature and is not a substitute for professional advice. No respons

Douglas Cameron, Financial Planner in our Glasgow office joins us today with Anne McClean, Financial Planner in our London office. Discussing end of year tax planning such as pensions, ISAs, personal allowance, tax reliefs, to ensure you have a successful financial future.Douglas Cameron, Financial Planner in our Glasgow office joins us today with Anne McClean, Financial Planner in our London office. Discussed end of year tax planning such as pensions, ISAs, personal allowance, tax reliefs to ensure you have a successful financial future. In this episode, Anne and Douglas will talk through a client example of what end of tax year planning they should be considering, covering:Pensions contributions, tapped annual allowance, pension income, lifetime allowanceISA, junior ISA, cash ISA allowancesPersonal allowanceTax reliefs: SEED Enterprise Investment Schemes (EIS), EIS, Capital Gains Tax (CGT)Charitable giftsGift allowanceLINKS:Case study discussed in episode: https://bit.ly/3rjDGTGThe Annual Allowance - pensio

In this episode we’ll be looking at whether vaccines can outrun new variants and what this is likely to mean for economies and stock markets.Let’s start by looking at the virus situation. The vaccine rollout appears to be gathering pace, but new variants threaten to undermine some of the good work. It seems equity investors still believe the vaccine will triumph – where do you think the balance lies?Despite higher levels of new COVID-19 cases prompting stricter lockdowns in many parts of the world, the MSCI All Country World equity index (ACWI) is currently up around 3% so far in January(1). This optimism is largely down to the COVID-19 vaccine rollout, plus some ongoing stimulus and expectations of an earnings recovery. There are reasons to be encouraged: globally, around 1% of the population have been vaccinated, at a run rate of nearly 4 million per day(2). The new Biden administration has promised to deliver 100 million shots to Americans in his first 100 days. Given the current pace is 1.5 million per da

In this episode we discuss how much money will you need to retire? This is very much a personal question that doesn’t really come with an easy answer. There’s a lot of work that goes into planning for a big event like retirement and to give yourselves the best chance we’ve covered the essential things you need to understand to make sure you are confident and able to enjoy your first day of retirement from the very start! Retirement planning is a very popular topic and most people will need to take advice to achieve the best outcome. Visit our website to view the show notes: https://smithandwilliamson.com/en/insights-landing/sw-the-pulse/financial-planning-show/Articles:How much do you need to retireRetirement and life planning - ensure you enjoy retirement from day one This episode was recorded on 07/12/2020 This S&W The Pulse podcast is of a general nature and is not a substitute for professional advice. No responsibility can be accepted for the consequences of any action taken or refrained from as a res

While businesses and individuals alike will welcome the free trade deal and the certainty that the Brexit agreement will create, there is much for businesses to understand and adapt to in a short timescale. They must navigate new requirements as best they can to preserve supply chains and trading lines, while also meeting regulatory and tax obligations.In this podcast we cover the key areas that businesses should focus on such as Value Added Tax (VAT), employment tax and corporation tax.Visit our Brexit page to view the top ten actions that businesses should take to ensure they are in the best position to do business in the UK and EU after Brexit https://bit.ly/2LKaHbDSmith & Williamson Brexit hub page

In this episode we talk about 2020, though it’s a year most of us would rather forget, the pandemic led to a global economic shock that established new multigenerational records.*** Head to our website to read the full episode show notes: https://bit.ly/3dk3OGBsmithandwilliamson.comThis episode was recorded on 05/01/2021Capital at risk. Please remember the value of investments and the income from them can fall as well as rise and investors may not receive back the original amount invested. Past performance is not a guide to future performance.This S&W The Pulse podcast is of a general nature and is not a substitute for professional advice. No responsibility can be accepted for the consequences of any action taken or refrained from as a result of what is said. The views expressed are not necessarily those of the presenter or of Smith & Williamson or any of its affiliates. No reproduction of this podcast may be made in whole or in part for professional or recreational purposes. No action should be taken