Kymin Guide to the Summer Statement, July 2020

On 11th March this year less than four months ago the new Chancellor of the Exchequer, Rishi Sunak, presented his first Budget following the Conservative victory in the December election.

That Budget was, he declared, a Peoples Budget from a Peoples Government.It was certainly a Budget that was high on spending commitments as the new Government looked to level upthe UK and make good on their election promises.

There was, though, a cloud on the horizon: the coronavirus outbreak. Rishi Sunak presented what he described as a temporary, timely and targetedresponse to the outbreak. He accepted that the UKs GDP was likely to fall sharply over the next two to three months, but said that the measures hed taken would help the UK to bounce backin the second half of the year.

Well, here we are in the second half of the year, with the UK gradually emerging from lockdown. The country went into lockdown on 23rd March: that was just over 15 weeks ago. The changes that have occurred in those 15 weeks have been severe and far-reaching. The new normalis the phrase on everyones lips and most commentators accept that the Chancellor must prepare the UK for a new economy; in the present climate, restoring the pre-Covid economyis simply not an option.

Kymin Smart Money Issue 92 - May / June 2020

Welcome to our latest issue. It has been a very challenging time for many of our clients, their families, their employees and the wider business community.

During this difficult time, we hope you’re staying safe. The ongoing news of the impact of the coronavirus pandemic and how it is affecting everyone is a huge concern for us all. Understandably, people are worried about the general economic outlook and their own personal finances.

The Government’s actions to help businesses and households manage the short-term economic disruption, such as interest rate cuts and rescue packages, have been positively received, but the intended consequences are yet to materialise.

The Government has created new legal powers in the COVID-19 Bill, enabling it to offer whatever further financial support it thinks necessary to support businesses. On 17 March, the Chancellor, Rishi Sunak, announced an unprecedented package of government-backed and guaranteed loans to support businesses, making available an initial £330 billion of guarantees – equivalent to 15% of the country’s GDP.

A full list of the articles featured in this issue appears inside.

Kymin Tax Tables 2020 / 2021

Our 2020/2021 Tax Tables are now available, with updated rates and thresholds for the new tax ye

Kymin Coronavirus update, March 2020

The health and wellbeing of our clients and employees is of paramount importance.

With the coronavirus now classified by the World Health Organisation as a global pandemic, and in light of the government moving into the ‘delay’ phase of their programme, we are implementing the following precautionary measures at Kymin Financial Services with immediate effect.

The offices at Kymin House in Newport will remain open for as long as possible. Our team will continue working here (when fit and well!). However, we are asking that all clients refrain from visiting the offices until further notice. 

• All face-to-face meetings in the office will be rescheduled to take place as video or phone calls.

• Speaking engagements and attendance at seminars and conferences in March and April have been cancelled.

• Obviously, any Staff that are displaying symptoms of illness are asked to work remotely until fully recovered.

We are fortunate that much of the work that Paraplanning and Administration do for clients can be carried out remotely. We have robust procedures in place for business continuity and we are geared up for the team to work this way if and when required. So apart from face to face meetings with advisers we do not anticipate business interruption during the remainder of the outbreak.

During this period of uncertainty, we strongly advise that our clients communicate with us electronically and where new business or reviews are being conducted relevant documents are shared this way as much as possible. Doing so removes both yours and our reliance on the postal service should there be any disruption and our ability to process paper-based application forms in good time. 

In the majority of cases we have an email address and other contact details for our clients. However, if we do not, or you have recently changed any of your contact details, please let us know as soon as possible. It is more important than ever for us to be able to keep in touch in a timely manner and email and secure messaging via our Personal Finance Portal will be the most effective method in the coming months.

If your annual review is due in the next few months the way we do that may have to alter. If the situation changes, we will email our clients and update our social media channels accordingly.

In the meantime, please feel free to get in touch with us via if you have any concerns or questions.

Thank you for your support in these difficult times and we hope that you and your loved ones stay healthy.

Robin Hall BSc (Hons) DipFA

Managing Director

Kymin Smart Money Issue 91 - March / April 2020

Kymin Guide to the Spring Budget, March 2020

So was it the Coronavirus Budget, or the Infrastructure Budget? Or was it, as the Chancellor declared at the end of his speech, the ‘people’s Budget from a people’s government?’ It was certainly a Budget that was high on spending commitments and one that the Chancellor declared would ‘get things done.’ Now where have we heard that before..?

Almost three months to the day after the General Election, new Chancellor Rishi Sunak delivered his first Budget speech. He delivered it, not as he might have expected, against a backdrop of optimistic economic forecasts and the opportunities of Brexit, but against the growing threat of the coronavirus outbreak, and the impact it might have on the UK economy.

A full breakdown of the Spring Budget appears in this booklet, we hope you find them useful.

Kymin Smart Money Issue 91 - March / April 2020

Welcome to our latest edition. At the time of writing this issue, Sajid David had resigned as Chancellor of the Exchequer with less than a month to go until the Budget Day. His replacement, Rich Sunak, will deliver the Budget on 11 March 2020. In our next issue, we’ll look at the key Budget announcements and how they could affect your finances.

Some of the questions our clients almost always ask us are: “Will I be able to retire when I want to? Will I run out of money?” How can I guarantee the kind of retirement I want?” Worryingly, it’s been well documented that many Britons aren’t saving enough in their pension for their retirement. On page 08, figures first published by HM Revenue & Customs (HMRC) in September 2019 show that the annual average contributions that every individual makes decreased in 2017/18 compared to 2016/17. We look at what you need to consider when saving for retirement.

The end of 2019/20 tax year is fast approaching, and there are a number of valuable allowances and reliefs that will be lost if they are not used before the deadline. These opportunities include, but are not limited to, four important areas of tax planning that should be considered. On page 03, we’ve summarised these allowances and suggest that if appropriate to your particular situation, these areas should be reviewed before 5 April 2020.

A full list of the articles featured in this issue appears on page 02, we hope you enjoy reading them.

Kymin Smart Money Issue 90 - January / February 2020

Welcome to our first edition for 2020. Inside this issue, we feature articles covering a number of different topics to help you successfully grow and protect your wealth.

Whether it’s stopping smoking, losing weight, eating more healthily or getting fitter, most of us have probably made at least one New Year’s resolution, but how many of us will actually go on to achieve it? We all have different financial goals and aspirations in life, yet these goals can often seem out of reach. On page 04, if your New Years’s resolutions include giving your financial plans an overhaul, we’ve provided our financial planning tips to help you create a robust financial plan for 2020 and beyond.

Estate planning is an important part of wealth management, no matter how much wealth you have built up. It’s the process of making a plan for how your assets will be distributed upon your death or incapacitation. On page 08, we consider why having an effective estate plan in place will not only help to ensure that those you care about the most will be taken care of when you’re no longer around.

A full list of the articles featured in this issue appears on page 02, we hope you enjoy reading them.

Kymin - Celebrating being the best, March 2019

We recently entered the Professional Adviser Awards 2019 and are very proud to announce that we received first place in the “Best Financial Advisers to Work For” category, which officially makes us the best firm of financial advisers to work for in the UK, 2019.

Read more about this award here.

Kymin Guide to the Spring Statement, March 2019

Welcome to our guide to the Spring Statement announced by Philip Hammond on Wednesday 13th March. In this special report we summarise our understanding of the key announcements.

We hope you find this guide useful.

Kymin Guide to the Brexit Deal January 2019

Welcome to our guide to the current Brexit Deal position. In this special report we summarise our understanding of the current facts.

We hope you find this guide useful.

Kymin Smart Money Issue 84 - January / February 2019

In this New Year edition, the start of 2019 is the optimum time when you may be thinking about resolutions and plans for the year ahead and beyond. It’s a good time to start planning your tax affairs before the end of the tax year on 5 April, and as you think about 2019 and your goals for the coming year, we’ll help to start you off on the right financial footing. Turn to page 04 to find out more.

As part of our continuing look at tax-efficient saving and investing, on page 06, we shine a spotlight on some of the different options available. Whether you consider yourself a savvy investor or a financial novice – and no matter what, why or how you want to save and invest – an Individual Savings Account (ISA) could help make your money work harder for you.

You may want to keep an element of control when passing on your assets. You may want your money to be used for a particular reason, such as paying for school or university fees or for a first property deposit. Or you may just want to make sure your money stays within the family. On page 11, we explain how intergenerational planning will help.

Plus, women will now start to qualify for the State Pension at the same age as men, currently set at 65. On page 03, we look at how the move to equalise male and female pension ages began 25 years ago and has been gradually phased in.

We hope you enjoy this latest edition and find it valuable. A full list of the articles featured in this issue appears inside.

Kymin Guide to the Autumn Budget Statement 2018

Welcome to our guide to the Autumn Budget Statement which the Chancellor, Philip Hammond delivered to house at the slightly later time than usual of 3.30pm. It is also the first time that is has been delivered on a Monday. Within our summary we take a close look at the Autumn Budget and the impact it will have on household and business finances in the UK this Autumn.

We hope you find the guide useful.

Kymin Smart Money Issue 82 - September / October 2018

As the poet and playwright Oscar Wilde once commented, “When I was young I thought that money was the most important thing in life; now that I am old I know that it is.” With these pertinent words in mind, inside this issue we look at a number of topics designed to keep you up to date and help you plan to meet any changes in your life and financial circumstances.

For most people over the age of 55, it is now possible to cash in or unlock all of your pension. How you take these benefits will depend on the type of scheme you have and how you want to take benefits. On page 08, we consider the concerns that have been raised that some savers may risk running out of cash if they siphon too much out of their pension pots.

Inside this issue, we also look at how much you’ll need to enjoy a comfortable retirement, this will largely depend on your cost of living and lifestyle choices For many people, retirement is about sun-soaked holidays, leisurely rounds of golf and that boat they’ve always coveted. On page 06, we look at why you need to reassess your own situation.

A full list of the articles featured in this issue appears on page 03, we hope you enjoy reading them.

Kymin Guide to Brexit - Deal or No Deal

When is the UK due to leave the EU?

Theresa May formally gave notice of our intention to leave the EU in March last year, and we will leave on Friday 29th March 2019 – so as you read this, in almost exactly eight months’ time. But – and this is about the biggest ‘but’ there has ever been – we do not yet know on what terms we are leaving the EU. The government has only just published a White Paper on the subject. It is by no means certain that it will get its proposals through parliament, and there are absolutely no guarantees that the EU will agree to the proposals either.

What does the White Paper say?

It says a lot – it runs to 100 pages – Click on our guide as we outline some of the key points.

Kymin Smart Money Issue 80 - May June 2018

Our latest Smart Money issue talks about protecting your estate for future generations.

Welcome to our latest edition. We aim to help you create the lifestyle you want and believe that anything is possible if you manage your finances in the right way.

Inside this issue, we look at why it’s important to consider that tax implications of making financial decisions. The 2018/19 tax year is now upon us and a raft of new changes have come into force. The good news is that there is little change in the overall tax burden for basic rate taxpayers. However, there are a number of areas that have changed that should be taken note of. On page 08, we look at what you need to know about the 2018/19 tax year changes and new initiatives.

Kymin Guide to Retirement Planning

Our Guide to Retirement Planning creates the opportunity to enjoy your life after work.

Welcome to our guide to Retirement Planning. In recent years, retirement has become more about the opportunity to enjoy your life after work. Your finances are a huge part of achieving that. With the maximum State Pension currently £8,546.20 (2018/19) a year, you’ll need to decide if this is going to be enough for you to live on when you retire.

However you see your retirement, it’s important not to worry about you money running out. We’ll help you to establish your goals and priorities and review your existing pensions and investments, calculating expected future income and how much you might need to contribute.

Kymin Guide to Inheritance Tax

Our Guide to Inheritance Tax offers advice on safeguarding more of what is rightfully yours for future generations.

When we die, we like to imagine that we can pass on our assets to our loved ones so that they can benefit from them. In order for them to benefit fully from your assets, it is important to consider the impact of Inheritance Tax.

Kymin Guide to New Tax Year Planning 2018 / 19

Our Guide to New Year Tax Planning helps to outline the key changes to existing policies and newly introduced initiatives. Now that we’ve entered the 2018 / 19 tax year, a number of key changes have taken place to existing policies, along with some newly introduced initiatives. It’s important to consider these tax implications when making financial decisions.

Kymin Smart Money Issue 79 - March April 2018

Welcome to the latest edition of Smart Money, whether you are looking to create, protect or preserve your wealth for future generations, inside this issue we look at areas you may wish to discuss with us.

Trying to second guess the impact of events such as Brexit or the recent stock market correction – or even attempting to make a bet on them – rarely pays off. Instead, investors who focus on long term horizons – at least five to ten years – have historically faired much better. It’s important not to let current global uncertainties affect your financial planning for the years ahead. On page 06, we look at why investors need to stick to their strategies and keep moving ahead consistently by spreading risk and growing their wealth for the long term.

Kymin Guide to Income Protection

Welcome to our guide to Income Protection, which offers advice on financial resilience and peace of mind for individuals and households.

Kymin Guide to Lifestyle Planning

Welcome to our guide to Lifestyle Planning, helping you create the life you want.

Kymin Guide to the Spring Statement 2018

Welcome to our guide to the Spring Statement announced by the Chancellor, Philip Hammond on Tuesday 13th March 2018. Within our summary we take a close look at the Spring Statement and the impact it will have on household and business finances in the UK.

Kymin Guide to Pensions and Divorce

Breaking up is hard to do!

Divorce and pensions are very significant. A pension could be a couple’s most valuable matrimonial asset, in some cases worth more that the equity in the family home. As such, it is important that pensions are considered in the financial settlement if a couple decides to divorce or dissolve their registered civil partnership. All the money you’ve saved into it (except for your basic State Pension) will be taken into account when you assets are divided.

Kymin Guide to Estate Preservation

Passing on your wealth in the most tax-efficient way.

Welcome to our guide to Estate Preservation. Wealth transfer has become an important issue for many families today. Individuals with assets of any size should prepare for their eventual transfer whilst making provision for any tax or legal consequences.

This guide is designed to give you a basic understanding of estate preservation and the issues many people face. We look at various ways individuals could potentially reduce or mitigate an Inheritance Tax liability in order to pass on their wealth in the most tax-efficient way.


Kymin Guide to Year End Tax Planning

Don’t miss the chance to make the most of valuable tax-efficiencies and allowances.

It’s important to take the time to give your finances a year-end check-up. The 2017/18 tax year ends on 5 April 2018, with the new tax tear beginning the following day, on 6 April. These are important dates for financial planning, so it’s important you don’t miss the chance to make the most of valuable tax-efficiencies and allowances. Time is running out to make important planning moves before this tax year’s end, so don’t delay – we’ve provided some of the key areas that could help you make the most of your money.

Kymin Smart Money Issue 78 - January February 2018

ISA returns of the year – Taking control over where your money is invested tax-efficiently.

Welcome to our first edition of 2018. The New Year is the perfect time to overhaul your life for the better, and one excellent place to start is by making solid financial resolutions that can help get you closer to your money goals, whether it’s increasing your retirement provision, looking to mitigate a potential Inheritance Tax bill or reviewing your level of protection in the event of an unexpected event.

We’ve now entered a new age of retirement planning with the introduction of pension freedoms. Thinking about pensions sooner rather than later can mean the difference between a comfortable retirement and struggling to make ends meet. On page 04, we provide seven pension tips for nurturing your nest egg in 2018.

Kymin Guide to Creating Wealth for Children

Nurturing the future – investments to provide a flying start in life.

Whether you’re a relative, parent, grandparent or a friend, investing for a child’s future is one of the most important things you can do. For any investor, time is a powerful ally – so where you are investing on behalf of children, you start with a great advantage.

Kymin Guide to Autumn Budget 2017

Welcome to our guide to the Autumn Budget announced by the Chancellor, Philip Hammond on Wednesday 22nd November 2017. Within our summary we take a close look at the annual Autumn Budget and the impact it will have on household and business finances facing the UK.

Kymin Smart Money Issue 77 - November December 2017

Will you be able to afford the retirement lifestyle you want?

Welcome to the final issue for 2017, featuring news, opinion, insights and analysis to help you navigate the complexities of today’s financial world.

Inside this issue, we talk about estate planning, which is an extremely emotional subject as people don’t like talking about money or death. On page 10, we comment on new research that shows some people would like to talk about this subject but haven’t found the right time or just don’t know where to start. This is worrying considering Inheritance Tax receipts increased by 22.9% in the first quarter of this tax year, according to data from the Office of National Statistics.

To ensure your wealth is working for you or to discuss any of the articles featured inside this issue, please contact us.

Kymin Guide to Self-Invested Personal Pensions

Putting you in control of your financial future.

In our guide to Self-Invested Personal Pensions, we look at how the retirement landscape over the past few years has fundamentally changed for the better, giving people more choice and control over their retirement income. We can help you to structure the right retirement income for your requirements and help you make the choices to meet your needs.

Kymin Guide to Income Investing

Income paying funds – an alternative to cash-based savings.

Investing for income means choosing assets that are able to provide you with a regular income. This is in contrast to investing for growth, which focuses on how much your assets could gain in value. In our Guide to Income Investing, we consider the main investment asset classes that are used to generate a regular income.

People are living longer. Simple demographics mean that supplementary income is no longer a luxury – it’s a necessity. With historic ultra-low interest rates on savings, many investors over the past decade have turned to income-paying funds as an alternative to cash-based savings.

Check out all of the information provided in our guide to learn more about the key factors for income investing.

Kymin Guide to Family Succession Planning

One of the most challenging experiences facing any business leader.

Family succession planning is a journey that should commence the day you start your business, but often only commences with a trigger – in other words, something that has initiated the decision to start the succession process. It may be one of the most challenging experiences facing any business leader, especially an entrepreneurial business person who has built a family business from scratch, so it is crucial to get right.

For a family business, transition is a once-in-a-lifetime decision. Perhaps no challenge has as much potential to exacerbate the special stresses – or, conversely, highlight the special advantages – of operating a family business.

Check out our guide to learn the fundamental issues that need to be given careful consideration.


Kymin Smart Money Issue 73 - March April 2017

Don’t miss the ISA Deadline. It’s time to take control over where your money is invested tax-efficiently.

Welcome to our latest issue, featuring articles written to help you make the most of your hard-earned money and achieve your long-term financial security.

Each tax year, we are given an annual Individual Savings Account (ISA) allowance. Anyone wishing to utilise their allowance should do so before the deadline on Wednesday 5 April 2017. The date marks the end of the 2016 / 17 tax year. It is a ‘use it or lose it’ allowance, meaning that if you don’t use all or part of it in one tax year, you cannot take that allowance over to the next year. On page 06, we consider your options.

Kymin Guide to Individual Savings Accounts

Don’t miss the 5 April 2017 deadline.

When it comes to creating and maintaining the right investment strategy, we can provide the professional advice, comprehensive investment solutions and ongoing service to help you to achieve your financial goals whether you are looking to invest for income or growth, or both.

As we approach the end of the 2016/17 tax year, have you fully utilised your annual Individual Savings Account (ISA) allowance? The ISA limit for 2016/17 is £15,240 rising to £20,000 in 2017/18. Anyone wishing to utilise their allowance should do so before the deadline at midnight on Wednesday 5 April 2017. The date marks the end of the 2016/17 tax year. It is a ‘use it or lose it’ allowance, meaning that if you don’t use all or part of it in one tax year, you cannot take that allowance over to the next year.

Kymin Guide to The New Inheritance Tax Rules

Safeguard your wealth for future generations.

Unforeseen life events and circumstances can potentially impact your finances in a number of ways. We can help you to safeguard your wealth for future generations. But, for many of us, there can be a remarkable gap between our intentions and our actions.

Although often in the news, Inheritance Tax (IHT) is not widely understood. That’s worrying, because it affects thousands of families every year. If you thought IHT was just for extremely healthy people to worry about, think again. The amount of IHT collected has doubled over the last five years.

The Government is introducing a new IHT allowance, adding an extra tax-free amount when you own a property. But, without the right advice and careful financial planning, HM Revenue & Customs could become the single largest beneficiary of your estate following your death.

Kymin Guide to Estate Preservation

Navigating your options for passing on wealth.

You’ve worked hard all of your life to get to where you are and providing for those you care about is important to you. However just owning your own home and having sufficient capital to provide a reasonable income during your retirement may leave your estate with a sizeable IHT liability.

If you want to have control over what happens to your assets after your death, effective estate planning is essential. After a lifetime of hard work, you want to make sure you protect as much of your wealth as possible and pass it on to the right people. Within this guide we can offer you advice and guidance through the process.

Kymin Guide to Spring Budget 2017

Welcome to our guide to the Spring Budget announced by the Chancellor, Philip Hammond on Wednesday 8th March 2017. Within our summary we take a close look at the annual Spring Budget and the impact it will have on household and business finances facing the UK.

Kymin Smart Money Issue 72 - January February 2017

Kymin Jan Feb 17 Smart Money CoverTaking advantage of opportunities in 2017.

Welcome to our first issue of 2017. Did you make any resolutions concerning your personal finances last January? If so, how did you do? If it didn’t all go according to plan, now is the perfect time to start again and reassess your position by considering ways to improve your financial well-being for today and your future.

The 2016/17 Year End for tax planning purposes is now only a matter of months away with the deadline approaching on 5 April. Effective tax planning is about knowing the personal and business taxes you are liable to pay and acting to legally minimise them. It is also about maximising your net income and creating opportunities to invest and save tax-efficiently for the current and future needs of your business, your family and yourself. Turn to page 06 to read the full article.

Kymin Guide to 2016/17 Year End Tax Planning

Kymin Jan 17 Guide to Year End Front CoverTaking advantage of planning opportunities means getting tax savvy now. Our 2016/17 Year End Tax Planning guide highlights some of the key tax planning opportunities for all stages and facets of life.

Inside we will provide suggestions for further consideration and discussion, enabling you to arrange your taxes, investments and wider financial affairs to reduce current and future tax liabilities. Please keep in mind that everyone’s tax situation is different. Before implementing any of the strategies discussed here, you should obtain professional advice which we can offer.

Kymin Guide to New Year Wealth Planning

Kymin Jan 17 Guide to New Year Wealth Front CoverWithin our Guide to New Year Wealth Planning, we will navigate you through the financial aspects of your unique life’s journey.

Inside we look at some of the hot financial topics you should consider at the start of a New Year to enable you to navigate through the maze of legislation, avoid paying unintended tax and make the most of your money for you and your loved ones. If you would like to review your current financial position or want to discuss future plans you may have, please contact us – we look forward to hearing from you.

Kymin Guide to Wealth Management

Kymin Dec 16 Guide to Wealth Management CoverWithin our Guide to Wealth Management, we will show you how it is important and beneficial to create an integrated and coordinated approach to managing your wealth.

Our personalised approach is designed to help us understand your wider ambitions and objectives for your wealth, whether you want to generate an income that supports your lifestyle, family and retirement plans; need help to pass your wealth on to future generations; or fund your ambitions, from personal legacies to philanthropy.

We will tackle all of these key points and more.

Kymin Guide to Professional Financial Advice

Kymin Dec 16 Prof Financial Advice CoverWhat can you expect from our Guide to Professional Financial Advice.

With few of us really having the time or inclination to understand the vast number of different investment products available on the market and consider what the best options are to suit out particular style, We aim to tackle the options and explain them in detail within this guide to help you plan for your long-term future.

Kymin Smart Money - November / December 2016

Kymin SM 71 Nov Dec 16Welcome to our latest November / December issue.

Inside we will be looking at 2016 which seemed to rapidly fly past. This is something we say around this period each and every year, pinpointing time as the most valuable commodity when it comes to implementing any financial planning strategy.

With this in mind we will be looking at key features such as consolidating your pension pots – Seeing what you need to consider to ensure you don’t lose out. Navigating your investment options – How professional financial advice can prove invaluable. How Financially prepared are you for your retirement? – Men narrow the gap on Women when it comes to life expectancy. BREXIT – Catalyse, or Sabotage?

We hope you enjoy this latest edition.

Kymin Smart Money - September 2016

Kymin SM Sept 16 Front Cover WebsiteWelcome to our latest September issue.

Inside we will be looking at “Pension Reforms” and how the lifetime allowance reduction could impact on your retirement savings.

We hope you enjoy reading this issue as we approach the run-up to another year end and those long hot summer days start to become a distant memory. For many of us, our thoughts are turned to another year that has flown past – and when we talk about financial planning, it is time that is the enemy.

From the old adage of saving for a rainy day to planning for a comfortable retirement, before you can actually define your investing goals you need to ask yourself what you want to achieve. While deciding on the best fund, tax regime, pension or investment is a necessary part of the financial planning process, it’s crucial to understand what these mean to you – and your lifestyle makes it more relevant and real. Turn to page 09 to find out more.

Enjoy this latest edition.


Kymin Guide to Protecting Your Financial Plan

Kymin Guide to Protecting your financial Cover WebsiteSafeguarding the people and things that matter most in live.

Welcome to our Guide to Protecting Your Financial Plan. The right professional financial advice can give you the freedom to live life on your terms, and key to this is safeguarding your financial security by making sure you have adequate protection in place to care for the people and things that matter.

A third (33%) admit that if they or their partner were unable to work for six months or longer due to ill health or personal injury, they’d be unable to live on a single income.

We tackle these issues and more.


Kymin Guide to the Lifetime Allowance

Kymin Lifetime Allowance_singles Cover WebsiteWhat could the further reduction mean to your retirement income.

The Government has introduced comprehensive reforms to the pension rules over the previous few years. One important change, which may have been overlooked by some savers, is the reduction of the Lifetime Allowance that applies to pension savings. This further reduction means that you may be affected.

Your private pension contributions are tax-free up to certain limits. This applies to most private pension schemes, for example, workplace pensions, personal and stakeholder pensions, and overseas pension schemes that qualify for UK tax relief. The Lifetime Allowance is a limit on the value of payouts from your pension schemes – whether lump sums or retirement income – that can be made without triggering an extra tax charge.

Whilst some people may not be affected by the Lifetime Allowance, it’s important to take action if the value of your pension benefits are approaching, or are above, the Lifetime Allowance.

We tackle these issues and more.


Kymin Guide to Active and Passive Investment Management

Kymin Active Passive_singles Cover WebsiteWhat’s better – active or passive management?.

If you are looking to invest in shares or bonds, you may think about putting your money into one or more managed funds. Managed funds are pooled investments that contain different securities, so you reduce the risk of holding just a few individual shares or bonds. Deciding if you would prefer your investment ‘actively’ or ‘passively’ managed is an important consideration and a useful step towards narrowing your choice of funds to invest in. Your first consideration is deciding how you want your investments managed. Are you looking for a fund that will be impacted by an individual fund manager’s choice of investments? Or are you more interested in keeping charges lower and prefer one that simply reflects the performance of a major index, such as the FTSE 100?

Active funds typically have higher annual management charges than passive funds. This reflects the investment managers’ potential to outperform the market, they are managed with the aim of generating returns greater than the relevant markets, as measured by an index – known as its ‘benchmark’. The index contains the companies whose shares are being bought and sold daily by the fund. All equities belong to at least one index depending on the location of the company and the type of business.

We tackle these issues and find out more in our guide.


Kymin Smart Money - July 2016

Kymin SM July 16 Front CoverWelcome to our latest issue.

“Will I be able to afford the retirement lifestyle I want?” is a question that many people ask but struggle to figure out. On Page 04, we consider the ways to assess your likely income in retirement and how much you need to put away now to enjoy the kind of lifestyle you want in later life. Funding a comfortable retirement will be the biggest financial priority for many people, yet some people spend more time planning their holiday than their own retirement – perhaps because planning for retirement seems to complicated to think about?

We will answer some of your questions here hopefully making everything feel a bit more clear. Enjoy this latest edition.


Kymin EU Referendum Guide - June 2016

Kymin EU Referendum eFact Sheet

This is our report on the result of the UK’s Referendum on continuing EU membership and its likely consequences. It was written over the weekend of 25th/26th June and completed at 5am on Monday morning.

It’s our attempt to give you an overview of how things currently stand following the victory for Leave, but you will appreciate that events are moving very quickly so there may be a slight disconnect between the comments we wrote early on Monday, and events that developed later in the day.

The total votes cast for Remain were 16,141,241. The total votes cast for Leave were 17,410,742.

Read more on Page 02.

Kymin Smart Money - May June 2016

Kymin May June 16 SM Cover

Welcome to our latest issue in which we look at the major talking points that could impact on your financial plans both today and in the future, especially as we enter a new financial year and take stock of the announcements from Budget 2016 – and then there’s the matter of ‘Brexit’.

With an increasing focus on Brexit, our investment clients will naturally be monitoring the impact on financial markets ahead of the referendum scheduled for Thursday 23 June. The nature of investment is long term. On page 06, we look at why constantly making changes to take into account short-term events often proves to be counterproductive in the long term. Movements in currencies and shares are often fairly short-lived, as the result of the Scottish referendum showed.

The State Pension changed on 6 April 2016. If you reach State Pension age on or after that date, you’ll now receive the new State Pension under the new rules. The aim of the new State Pension is to make it simpler to understand. But there are some complicated changeover arrangements which you need to know about if you’ve already made contributions under the previous system.

Read the full article on page 03.


Kymin Guide to Retirement Planning

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Shaping your retirement plans to best meet your individual needs and circumstances.

Welcome to our Guide to Retirement Planning. Pension freedoms have transformed the pension landscape, giving more choice than ever before in shaping retirement plans to best meet our individual needs and circumstances. Once you’ve decided to start saving for retirement, you need to choose how to do so. Pensions have a number of important advantages that will make your savings grow more rapidly than might otherwise be the case. Following the biggest reforms to pensions in recent times, whilst the ability to unlock pension pots is attractive you also need to understand the tax implications of doing this and accept the risk of ensuring that the funds built up are managed effectively to ensure that they last for life, however long that may be, and don’t rely on the State Pension to keep you going in retirement. The maximum basic State Pension is £155.65 per week (effective from 6 April 2016).


Kymin Guide to the Lifetime Individual Savings Account

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Tax-efficiency and flexibility for the next generation.

In the March 2016 Budget, the Chancellor announced major improvements to Individual Savings Accounts (ISAs) with the introduction of a new Lifetime Individual Savings Account (LISA) from April 2017, designed to help young people save flexibly for the long term throughout their lives. The aim is to help them simultaneously save for a first home and for their retirement without having to choose one over the other.


The LISA is designed to work in conjunction with existing ISA products and be simple for savers to use by harnessing the simplicity and popularity of the ISA wrapper where contributions are made out of post-tax income but investment growth on savings and future withdrawals are tax-efficient.


Kymin Guide to the New State Pension

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Guide to the New State Pension, and what the rule changes mean to you.

The State Pension changed on 6 April 2016. If you reached State Pension age on or after that date, you’ll now receive the new State Pension under the new rules. The aim of the new State Pension is to make it simpler to understand, but there are some complicated changeover arrangements which you need to know about if you’ve already made contributions under the previous system.

For many retired people, the State Pension forms the core of their income, together with any workplace or personal pension provision that you have. The new State Pension is a regular payment from the Government that you can claim if you reach State Pension age on or after 6 April 2016. You will receive the new State Pension if you’re eligible and a man born on or after 6 April 1951, or a woman born on or after 6 April 1953.

If you reached State Pension age before 6 April 2016, you’ll receive the State Pension under the old rules. You can still get a State Pension if you have other income such as a personal pension or a workplace pension. The basic and additional State Pensions have been replaced by a flat-rate, single-tier new State Pension with a full level of £155.65 per week, and depending on your personal circumstances this may be subject to tax. Your National Insurance record is used to calculate your new State Pension, and you’ll usually need ten qualifying years to get any new State Pension.


Kymin Smart Money - March April 2016

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Inside this issue… Welcome to our latest issue. Taxes, as we know, are one of the two great inevitables in life. As the UK tax system continues to grow ever more complex, and with more responsibility being placed on the individual to get their own tax right, ensuring that you receive the best professional advice to optimise your tax position is paramount. On page 08, we consider how appropriate tax planning could help you substantially reduce tax liabilities and defer tax payments. We have provided details of a number of tax planning areas you may wish to review, especially as we are now in the run-up to the 2015/16 financial year end on 5 April.

Pensions have been transformed by the arrival of freedom reforms on 6 April 2015 which now give far greater flexibility over what you can do with your pension pot. The new freedoms mean you can enjoy far greater choice on how you spend and generate an income from your pensions, but with further changes on the horizon we look at some of the key changes you need to know on page 06.


Kymin Guide to Inheritance Tax Planning

Kymin April 16 Inheritance Tax Front Cover

Protecting your assets to give your family lasting benefits.

Welcome to our Guide to Inheritance Tax Planning. Contrary to the belief of some, Inheritance Tax not only affects the very rich, but other people may be liable without realising. Few taxes are quite as emotive – or as politicised – as Inheritance Tax. The structures into which you transfer your assets can have lasting consequences for you and your family. We can help you choose structures and trusts designed to protect your assets and give your family lasting benefits.

It is crucial to find out now if you potentially have an Inheritance Tax liability – or could do so in future years. Historically, Inheritance Tax planning used to be an activity confined to the very rich. However, growing affluence means that this is no longer the case. Even families and individuals with a relatively moderate level of wealth should consider planning ahead to ensure that their assets are passed on to their loved ones as efficiently as possible. Property price increases have also dragged many middle-class working families into the Inheritance Tax bracket.


Kymin Guide to Pension Changes

Kymin April 16 Pension Guide Front Cover

Unlock what the additional reforms could mean to you. 

Pensions have been transformed by the arrival of freedom reforms on 6 April 2015 which now give far greater flexibility over what you can do with your pension pot. The new freedoms mean you can enjoy far greater choice on how you spend and generate an income from your pensions, but with further changes on the horizon these are some of the key changes you need to know.


Kymin and Haasco Tax Guide 2016 - 2017

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This Tax Card contains a summary of UK personal and corporate taxation rates and other personal information for the tax year 2016-2017. The purpose of the card is to have all this information in one easy to use guide.

The card contains the figures for the current tax year with the relevant comparison from the previous tax year. It is not supposed to be a complete guide in all tax areas for you or your business.

We hope that you find the Tax Card of great use throughout the year.



Budget Statement March 2016 Overview



It was famously said that ‘all roads lead to Rome.’ In British politics, all speeches currently lead to the EU Referendum. George Osborne’s Budget speech, delivered on Wednesday March 16th, was no exception.

More than ever, the Chancellor was seeking to balance politics and economics as he rose to speak. On the politics front, there were a good many restive backbenchers behind him who had already put paid (at least for now) to the Chancellor’s widely-trailed intentions to reform tax relief on pension contributions. There was also an electorate to convince – and the Chancellor’s own political ambitions. Make no mistake, if the ‘Leave’ camp wins the EU referendum, George Osborne’s chances of succeeding David Cameron in the inevitable leadership battle are almost non-existent.

So the political background to the speech was tricky: but not quite as tricky as the economic background. The Chancellor has not only made his economic commitments public, he’s also passed them into legislation.

So, in the short term, the Chancellor faced a very difficult speech; in the longer term he faced an increasingly uncertain political future.


Kymin Smart Money - January February 2016

Kymin Jan Feb 16 SM Cover2016 Tax Matters – Reducing the taxman’s take. 

Inside this Issue: Welcome to the first issue of 2016. Have you made your New Year’s resolutions? Considering that the most common topics are health and finances, there’s a pretty good chance that at least one of them involves a financial goal. On page 10, we look at why the start of a New Year is the perfect time to take stock and think about how you can improve your financial position. Many of us start the year with good intentions, but things often get in the way as the year progresses. Tempting as it may be to put off tackling your finances, giving your money matters a thorough sort through will help you work towards what you want to achieve financially out of life.

To minimise the tax you pay, it’s important to be fully aware of the choices you can make before you make them, so planning ahead and taking professional financial advice is essential. With real-terms tax increases a prospect for the foreseeable future, it makes sense to utilise every available tax relief. HM Revenue & Customs (HMRC) creates many legitimate opportunities for you to reduce the amount of tax you pay. However, you may not be aware of them all, or you may be unsure of how to take advantage of them. On page 08, we consider some examples of the ways in which legitimate planning may save you money by reducing a tax bill.


Kymin Smart Money - November December 2015

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Evaluating Your Future Finances.

New possibilities in retirement, and the options available to you.

Working out how to make adequate financial provision for retirement is one of the most important financial decisions most of us will ever face. On page 08, we consider how it can be a daunting topic, with the options seeming to be overwhelming. Over the past year, there has been a seismic change to the retirement landscape with the introduction of the Government’s ‘pension freedoms’ announced in the 2014 Budget.

On page 10, with Christmas just round the corner, making an investment for your children or grandchildren is a great way to give them a financial start in life, long after the festivities are over. Even small amounts can really add up if you save regularly from a child’s birth, and there are many ways to invest on behalf of a child.


Autumn Statement 2015 Overview

Kymin Autumn Statement 2015 Overview CoverJust over four months ago, George Osborne delivered his second Budget of 2015, following the Conservative Party’s outright victory in the May general election. At that moment, the view from 11, Downing Street must have looked remarkably pleasant. Osborne’s handling of the economy was widely credited with playing a large – if not pivotal – part in the election victory. Boris Johnson and Theresa May, the Chancellor’s two main rivals in the race to succeed David Cameron, were both listing badly – albeit they hadn’t quite run aground. Fast forward four months and the world – and the Chancellor’s view of it – look very different. As he prepared to deliver his combined Autumn Statement and Spending Review, George Osborne found his room for manoeuvre had been sharply limited – and that his own star was no longer in the ascendancy.

Kymin Guide to Income Protection

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Replacing your Income If you couldn’t work due to Incapacity caused by Illness or Injury.

No one likes to think that something bad will happen to them, but if you couldn’t work due to a serious illness, how would you manage financially? Could you survive on savings or sick pay from work? If not, you may need some other way to keep paying the bills – and you might want to consider income protection insurance. Currently, 10.8 million UK households are at risk of their income falling by at least a third if the main earner stopped working due to ill health.

You might think this may not happen to you (and, of course, we hope it doesn’t), but it’s important to recognise that no one is immune to the risk of illness and accidents.

Providing monthly payments Income protection insurance is a longterm insurance policy that provides a monthly payment if you can’t work because you’re ill or injured, and typically pays out until you can start working again, or until you retire, die or the end of the policy term – whichever is sooner.

Kymin Smart Money - September October 2015

Kymin Sep Oct 15 Smart Money Cover

Banking on an Inheritance Investing.

Retirees exploit new pension freedoms Britons rely on a cash windfall to fund their retirement plans.

We accept that planning for the future means making conscious decisions now, and rather than always being preoccupied with day-to-day events, it’s important to take a step back and look to the bigger picture. We hope the articles featured inside this issue provide you with a perspective on some of the areas you may need to consider in the present to ensure that your future is what you desire.

Anticipated inheritances often don’t materialise. But one in three working Britons (35%) are still relying on an inheritance in order to achieve a stable financial future. The reality is that many could be in for a big shock. On page 06 we look at findings from a study released by LV= that shows millions are banking on an inheritance to provide them with financial assistance, and with this cash windfall often key to their retirement plans. Without the right advice and careful financial planning, HM Revenue & Customs could become the single largest beneficiary.

Kymin Smart Money - July August 2015


Kymin Jul Aug 15 Smart Money Cover

Welcome to our latest issue, in which we look at how the new pension savings market offers much more flexibility and choice post–6 April this year, which is a positive, but it can be overwhelming. For people planning for retirement in the new world of pension freedoms, there are both risks and opportunities – from passing on your pension to loved ones, to making the most of tax relief. On page 12, we consider what your next pension freedoms steps could be.

Investors in UK-listed companies will be rewarded with an £85.8 billion payout in 2015, significantly better than last year, where investors suffered little or no growth in income according to Capita Asset Services’ ‘Dividend Monitor’. Dividend payouts from UK-listed companies made a strong start to 2015, prompting analysts to hike their forecasts for the year. Read the full article on page 06.

Kymin Guide to Creating a Diverse Investment Portfolio

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How to work out your own investing style when things aren’t black and white.

Welcome to our Guide to Creating a Diverse Investment Portfolio. ‘Don’t put all your eggs in the same basket’ is probably the best known proverb advising investors about the importance of portfolio diversification to spread and reduce risk.

The major advantage of portfolio diversification is its ability to protect your entire portfolio from volatility associated to various asset classes. In this guide, we look at ways to protect your portfolio by spreading your risk across several different asset classes and some of the many different assets in which you can invest, each with different risk characteristics.

Whilst the risks attributable to assets cannot be avoided, when managed collectively as part of a diversified portfolio, they can be diluted. Individual assets have a bearing on the overall level of risk you are exposed to, and the correlation between the assets has an even greater bearing. This guide considers how a well constructed investment portfolio should be diversified in a variety of ways, including overall investment style, number of individual asset classes, spread of geographical allocation and the approach of the fund manager.

Kymin Guide to New Pension Freedoms

Kymin Pension Freedom Cover 2015

Giving people greater power over how they spend, save or invest their retirement pots.

Whether you’re saving for old age, about to retire or already have, you need to give your pension some attention following the announcement of the new pension freedom reforms. Perhaps most important of all were the changes announced in the 2014 Budget, which mean many more will now be able to retire and withdraw money from their pension without buying an annuity.

The new pension savings market gives people greater power over how they spend, save or invest their retirement pots post–6 April this year, which is a positive, but it can be overwhelming. The breadth of the reforms means hardly any aspect of retirement finances is left unaltered. It’s an empowering period for investors – but also challenging.

Kymin Guide to Wealth Goals

Kymin Wealth Goals Cover 2015Kymin Guide to Wealth Goals –

How to save for a rainy day and plan a comfortable retirement.

Reaching wealth goals and achieving personal ambitions are major objectives of the financial planning process. In order to make plans for the future, you need to know where you are today and where you want to be in the future. Wealth goal-setting is very much like creating a business plan. You need to know a starting point and ending point, the time frame for ‘exiting’ (or reaching your goals), and the estimated cost involved.

Kymin Guide to The Budget 2015

Kymin May 2015 Cover Edits.inddKymin Guide to the Budget 2015 The key announcements that could influence your financial planning decisions in the year ahead and beyond. Are your financial plans still on track following Budget 2015? There may have been a number of announcements in budget 2015 that could impact on your financial plans, especially around pension freedoms and savings. if you would like to review your current situation to ensure that your plans are still on track, please contact us.

Kymin Guide to Pensions Freedom 2015

Kymin Guide to Pensions FreedomPension Freedom 2015 Helping you make the most of your new freedoms… Your questions answered.

Time to choose how to access your pension benefits?

From 6 April 2015, greater flexibility has been awarded to those who have pensions in the UK. Along with being able to access your pension pots from the age of 55, you can now opt between a larger variety of options when choosing how to access your pension benefits. If you are confused about your new pensions freedom options, please contact us for professional expert pension advice from our team.

Kymin Guide to Inheritance Tax 2015

Kymin guide to Inheritance Tax Planning. Planning ahead to ensure that your assets are Passed on to your loved ones as efficiently as Possible. Inheritance tax In the UK may be one of lIfe’s Unpleasant facts, but with planning and qualIty advice, we could help you pay less tax on your estate. There are many options available to tackle the problem of Inheritance Tax (IHT). It’s important to remember that when you die, your estate could be subject to IHT if it’s worth more than the IHT threshold. With careful planning, you could reduce the amount payable – but it can be complex. To arrange a consultation with one of our advisers, please contact us to discuss your requirements.

Kymin Autumn Statement 2014

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When George Osborne stood up to deliver his Budget in March everything in his garden was rosy – or as rosy as the prevailing world economy would allow. Most of the UK economic indicators were moving in the right direction and it was generally agreed that the UK was recovering from the global recession more quickly than all of its major economic competitors.

Nine months on, as the Chancellor prepared to give his last Autumn Statement before the 2015 General Election, the picture was less healthy. As Osborne himself has acknowledged, the UK cannot be immune to the wider world economy and the slowdown in China and the threat of recession in Europe have both impacted adversely on the domestic economy. Whilst jobs continue to be created in the UK, they are in the main low-paid jobs: add in the fact that more people are becoming self-employed and the government is simply not receiving the tax take it had expected. With government borrowing for April to October 2014 £3.7bn higher than the same period in 2013, there was the possibility that the Chancellor might miss some of his debt reduction targets.

Read all of the facts by clicking on our overview of the Autumn Statement in this box.

Scottish Referendum Update 2014

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Scottish Referendum Update – Thursday 18th September 2014. The results and it’s implications.

The Budget 2014

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The Budget 2014

The Budget 2013

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The Budget 2013