News
Simply click on the list below to get the full story:
Russell Ulyatt "Wear it Pink" to raise money for Breast Cancer Campaign - November -2008
Regional collaborative family law group launch - October-2008
Russell Ulyatt sponsors junior tennis tournament - October-2008
Russell Ulyatt is delighted to be sponsoring the JB Tennis Autumn Series.
Russell Ulyatt raise money for charity by running the half marathon - September -2008
Two teams from Russell Ulyatt completed the Cooper Parry challenge (Robin Hood half marathon relay) at the weekend.
Changes to tax relief on pension contributions - 5-March-2008
When the new tax year starts on 6th April, the basic rate of income tax will change in two key ways
All change again! - The new rules for ISA's - 15-Feb-2008
It’s now been more than 20 years since the then Chancellor, Nigel
Lawson, did a great service for the UK taxpaying investor when he
decided that it would be a good idea to encourage UK investors to
invest in UK companies.
Russell Ulyatt raise money for charity by running the half marathon
September - 2008
Two teams from leading Nottingham based independent personal and corporate financial advisory firm, Russell Ulyatt, completed the Robin Hood Marathon Cooper Parry challenge at the weekend.
Their first team finished in eighth place and was made up of managing director Andy Dyke and IFA Helen Lindo. Their team also included personal trainer Steve Tinkler who completed two legs, then ran the half marathon in an hour and 35 minutes, and Matt Ingham who was a last minute replacement for the injured Richard Jephson who did his bit by supporting his colleagues along the route.
TEAM 1: From left to right: Matt Ingham, Helen Lindo, Andy Dyke, Steve Tinkler
The second team consisted of Dale Brain, who stepped in at the last minute therefore not having chance to train, Charlotte Arnold, administrator at Russell Ulyatt, accountancy connection, Luke Mulligan, who ran both the third and fourth legs alongside injured David Britton who had to pull out with 250m to go due to a calf strain, and IFA Anne Hallam who completed the final leg and crossed the finishing line for the team
David Britton, IFA who organised the teams and was part of the second Russell Ulyatt team who finished 67th said, "Most of us ache this morning, but we thoroughly enjoyed it. We raised around £700 for charity so it was worth it.
TEAM 2: From left to right: Dale Brain, Charlotte Arnold, David Britton, Anne Hallam, Luke Mulligan.
Russell Ulyatt sponsors junior tennis tournament
October-2008
Russell Ulyatt Autumn Series
JB Tennis, based primarily at Attenborough Tennis club, is hosting a series of tournaments for junior players. The ‘Russell Ulyatt Autumn Series’ will run over three days, Thursday 30 October, Friday 31 October and Saturday 22 November.
The tournament on 30 October is a Mini Tennis Green Ratings Tournament for players born in 1999 and the one on 31 October is an Under 12 Grade 6 Ratings Tournament, for players born 1996 or later. Both will be held at Attenborough Tennis club starting at 10 am. The entry fee is £6.
The session on the 22 November is for players born 2001 or later and will be held at the Pearson Centre at Beeston, with the entry fee for this one being £8.
Russell Ulyatt’s support for JB Tennis helps to make these tournaments possible. The Autumn Series is part of the sponsorship package which has enabled JB Tennis to expand its coaching programme and offer courses all year round, providing more opportunities for youngsters to get involved.
"Russell Ulyatt Financial Services is delighted to be part of these tournaments. It is great to see that our sponsorship of JB Tennis has enabled more children to have access to Jan and her team of coaches" says Richard Jephson, Head of Business Development.
Jan Burnett of JB Tennis said: "Our link with Russell Ulyatt has enabled us to provide more competitive opportunity for players not only linked to Attenborough Tennis Club and JB Tennis, but also to others from the tennis world. This Autumn Series follows the success of the Summer series of 4 tournaments."
From left to right: Andy Dyke, Managing Director Russell Ulyatt, Jan Burnett, of JB Tennis, Hannah Jephson, Eve Jephson and Richard Jephson, Head of Business Development Russell Ulyatt.
More details available by contacting Jan on 0115 922 8637.
Changes to tax relief on pension contributions
5 March, 2008
Personal Contributions
When the new tax year starts on 6th April, the basic rate of income tax will change in two key ways. Firstly, the basic rate will reduce from 22% to 20%. Secondly, the starting rate of income tax (presently 10%), will be abolished. For those of you that have personal pensions this has an effect on the amount of tax relief available at source and, as a result, impacts on your net pension contribution. However, the gross amount that is invested remains the same.
Your pension provider will write to you soon, advising you how much the revised collection from your bank account will be each month. This change should be handled automatically, but we wanted to advise you of the reason for the change that will shortly appear on your bank statement.
Employer Contributions
If you are an Employer making personal pension contributions on behalf of your employees, by making deductions from their salary and paying contributions on their behalf, you should adjust the net amount of the deduction so that it becomes 80% of the gross pension contribution.
Any employer contributions which are not deducted from salary will not be affected and corporation tax relief will continue in the same way as at present.
For more details please email
All change again! The new rules for ISAs
15 February, 2008
It’s now been more than 20 years since the then Chancellor, Nigel Lawson, did a great service for the UK taxpaying investor when he decided that it would be a good idea to encourage UK investors to invest in UK companies, by offering tax incentives, and so the Personal Equity Plan (PEP) was born.
The early PEPs had complicated rules but gradually these were eased and it became possible to invest up to £6000 in first of all UK , then European and then global equities. By the time PEPs were replaced in 1999 by ISAs (Individual Savings Account), they had also been joined in the early 1990’s by the Tax Exempt Special Savings Scheme (TESSA).
Investing in a TESSA gave tax advantages to those who did not wish to invest in stocks and shares, but required the security of a building society or bank deposit account with tax allowances. Initially, TESSAs and PEPs were kept separate and a change of government in 1999 meant that tax free savings were so popular that they had to be continued by the new party in power, but with a new name and some slight changes to the rules. The ISA evolved from both TESSAs and PEPs but, again, the rules were complicated as the Inland Revenue wanted the Stocks and Shares element to be kept separate from the cash accounts. So, we had the advent of mini-cash, mini- stocks and shares and maxi ISAs – there was even something called a TOISA for those who transferred their maturing Tessa to a cash ISA, but we won’t worry too much about the details - a TOISA was just a type of cash ISA and is treated as such under these changes.
Gradually, there have been some rule simplifications, but don’t worry if you haven’t followed all this – the purpose in writing this bulletin is to give you the good news……
From 6th April 2008 there will be
NEW ISA RULES
These confirm the future for ISA investments and enable existing investors to simplify their funds and accounts. The main points about the new rules are:
• ISAs will be available indefinitely• All PEP accounts will automatically become stocks & shares ISAs.
• There will no longer be Mini and Maxi ISAs –just the cash or stocks & shares components within one ISA plan.
• The
new annual allowance will be £7,200.
(This is a much better figure as
it easily divides by 12 for monthly investments of £600.)
• The
whole annual allowance can be invested in stocks and shares or up to
£3,600pa
may be invested in cash. So, an investor can invest
a maximum of £7,200 in stocks and shares,
- up to £3,600 in cash and the balance in stocks and shares
- or just up to £3,600 in cash
- Existing Cash ISAs will be eligible for re-investment in stocks and shares.
We are pleased that this very confusing regime is now being simplified. You might be pleased to hear that no action is required on your part. However, the new rules do provide re-investment opportunities for those who have cash accounts. We would be very pleased to hear from you if you would like to discuss this, or if you require further clarification on any of these points.
For more details please email
Regional Collaborative Family Law Group launch
Representatives from Russell Ulyatt Financial Services were in attendance at the recent launch of the South Yorkshire & Region Collaborative Family Law Group at the Law Society offices in Sheffield.
Speakers included Nick Longford, Vice Chair of Resolution (the family law group), and Judge Jones from the family court circuit.
Collaborative Family Law is a new approach set up by family lawyers to manage the divorce process in a dignified manner.
Financial Adviser Helen Lindo from Russell Ulyatt is an Accredited Divorce Specialist. Helen works with separating couples and their lawyers to look at options for settlement and look at the effects such options have on the investments and pensions that the parties hold.
Richard Jephson, Head of Business Development at Russell Ulyatt explained “Helen’s technical ability and knowledge is now coupled with training in the practical and emotional processes advocated by the collaborative law system. As members of the South Yorkshire & Region Collaborative Family Law Group we will be able to add significantly to the advice and support offered by the lawyers within the group.”
The photograph below shows Richard Jephson, Head of Business Development, Helen Lindo, Accredited Divorce Specialist and Andy Dyke, Managing Director at the recent launch.
For more details please email
Russell Ulyatt "Wear it Pink" for Breast Cancer Campaign
Russell Ulyatt has taken part in the annual “dare to wear it pink” day to raise money for Breast Cancer Campaign.
In return for a donation to the charity, staff were able to dress down and wear something pink for the day.
As you can see from the pictures below, everyone made a huge effort and we managed to raise an impressive £118.
Organiser, Sarah Smithies, awarded prizes to the two “pinkest” people who, I’m sure you’ll agree, looked fantastic.
Thanks to everyone for supporting this worthwhile cause.
Sally Cook and Dawn Hill-Willis - winners of "wear it pink"
Back row from left to right - Sue Ince, June Knight, Dawn Hill-Willis, Jackie Cooper, Charlotte Arnold and Julie Leek
Front row from left to right - Michelle Bacon, Donna-Marie Butler and Sally Cook
Gary Smithies (Independent Financial Adviser) with his daughter Grace
