Telic

NEWFLASH - Autumn Budget Unpacked: What £40bn in Tax Hikes Means for You #Budget #AutumnStatement #Tax

As Diwali’s lights bring warmth and hope, the UK Budget casts its own spotlight this week! Here’s hoping we see more fiscal treats than tricks, with measures that pave the way for resilience, prosperity, and optimism for everyone.  From all at Team Telic, wishing everyone a Happy Diwali! 🪔

Employees with more than one job may be eligible to defer or delay paying Class 1 National Insurance in certain situations. This deferment can be considered if any of the following apply: #NationalInsurance #Class1NIC #DeferringNIC

Most personal pensions set a minimum age at which you can start withdrawing money, typically not before age 55. Some pension benefits can be taken tax-free. Generally, you can withdraw 25% of your pension pot as a tax-free lump sum, with a maximum of £268,275. If you have protected allowances, the amount you can take tax-free, as well as your overall tax-free limit, may be higher. #PensionFunds #PensionWithdrawals

We're thrilled to share the latest STEP in Telic’s journey! Last month we were named 2024 Accountancy Team of the Year (midsize) by the prestigious STEP* Private Client Awards. 🙌 The STEP – Advising Families Across Generations awards are seen as the hallmark of quality within the Private Client industry, so the Telic team can take real pride and satisfaction in this achievement. Amidst a stellar, multinational line-up at the 19th annual STEP Private Client Awards, we were recognised as punching above our weight, not only in terms of client service excellence but also in how we fulfil our purpose and support the technical growth and wellbeing of our colleagues. We couldn’t be happier and thank you STEP – Advising Families Across Generations for an excellent evening with the Private Client advisory community and congratulations to the other winners and finalists. Our blog, which shares more details is in the link below.   #STEPPCA #PrivateClient #FamilyBusiness #FamilyOffice #tax *The Society of Trust and Estate Practitioners

It was wet wet wet.... but Telic colleagues recently enjoyed supporting a local cancer charity, through a third year of sponsoring and participating in, the #MoorPark10k fun run, in North West London. A memorable day saw us focus on laps rather than laptops as the Telic team joined more than 1,200 runners, raising over £60,000. The funds will help cancer patients in the local community to access counselling, complementary therapy and wide-ranging support throughout their cancer diagnosis and treatment. Telic’s sponsorship rewarded each runner with a medal and provided the shelter of a gazebo, which was much needed when the heavens opened. As well as raising funds, getting behind the run aligns with Telic’s focus as a #BCorp organisation, on colleague health and wellbeing. In preparation for the run several of our team walked and ran to work, including one colleague who clocked up over 100km in the preceding month.   #wellbeing #community #BCorp #Health

The freezing of tax thresholds often leads to a phenomenon known as fiscal drag. When tax thresholds remain unchanged, taxpayers will likely pay more tax as their earnings rise without a corresponding increase in allowances. As a result, more people are “dragged” into higher tax brackets or into paying tax for the first time. This process effectively acts as a stealth tax. #FiscalDrag #Tax #TaxThresholds

A huge thank you to John Barnett for delivering an incredibly informative and detailed session (3 hours!) on the intricate area of Non-Doms to a packed and very engaged audience yesterday evening. His insights into this complex topic were invaluable, especially with the impending changes on the horizon. 🤓 The next few months will undoubtedly be both challenging and busy for private client advisers as they guide clients through the evolving tax landscape, with the removal of the Domicile concept from UK tax legislation. The Big question - Will this round of changes lead to a big exodus from the UK or not! 🛫  Kudos to the CIOT Harrow Branch for organising the event, and a special shout-out to Akshi Shah, from our team, for chairing the session. 🙌 #Tax #PrivateClient #NonDoms #Domicile #Telic

T minus 4 days..... 🏃♀️ For the third consecutive year, Telic is proud to announce our sponsorship of the Moor Park 10k this Sunday 22nd September 2024, supporting the Lynda Jackson Macmillan Centre (LJMC)! 🎗️ We’re thrilled to not only sponsor this incredible event but will also be funding the cost for the medals for all the amazing participants. 🏅 The LJMC provides vital support to people affected by cancer, offering care and guidance to those in need. It’s an honour to contribute again to such a meaningful cause in our community. The majority of the Telic Advisory team will be lacing up their running shoes 👟 to join the run / walk, helping raise awareness and funds for this inspiring charity. 💪 We encourage everyone to get involved, show your support, and let’s make this year’s event unforgettable! 🏃♂️ #MoorPark10k #LJMC #CancerSupport #Community #RunForACause #TelicRuns For more info and how to get involved... 👇   https://lnkd.in/deTfVu8F East and North Hertfordshire Hospitals' Charity

There is no requirement for employers to pay tax and National Insurance on certain health benefits covered by tax concessions or exemptions. For example, there is no requirement to report employees’ medical or dental treatment or insurance if they are a part of a salary sacrifice arrangement. #MedicalCareEmployees #DentalCareEmployees