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Newbigging appointed High Sheriff of Wiltshire

Friends Provident chairman David Newbigging has been named as High Sheriff of Wiltshire, a position appointed annually by the Queen.

His responsibilities will include the support of four local charities – the Wiltshire and Swindon Community Foundation, Crimebeat, Wiltshire Wildlife Trust and Kennet Furniture Recycling – along with a number of ceremonial duties.

Newbigging, who lives in Wiltshire, is already a deputy lieutenant of the county, and also sits on several other boards in the UK and the US.


£9bn babies as mums lose on out pensions

Mothers are losing up to £9bn in pension funds by having babies, claims Axa.Its research shows that having a baby can slash a woman&#39s pension fund by around £65,000 if she stops contributions for five years. This could mean a reduction in pension income of around £4,000 a year by age 65.Axa warns that new […]

Income tax

1. INCOME TAX 1.1 RATES OF TAX 1.1.1 THE STARTING RATE OF INCOME TAX The starting rate of 10% for the tax year 2003/2004 applies on the first £1,960 of taxable income (i.e. after allowances and reliefs). It should be noted that the starting rate does not apply to trusts. 1.1.2 THE BASIC RATE OF […]

Offshore trusts

In the Finance Act 2000, the Government introduced anti-avoidance legislation on offshore trusts. However, certain avoidance schemes have been introduced which seek to exploit the new rules and the Government has taken action to stop such exploitation. (a) Flip Flop Schemes The `beneficiary charge&#39 is a Capital Gains Tax (CGT) charge on UK resident and […]

Thames River wades through emerging markets

Thames River Capital has established the Thames River global emerging markets fund, a Ucits that will invest in global emerging markets, including Russia, China, Korea, Mexico and Brazil. The fund aims to produce a higher level of capital growth than is possible by investing in developed countries around Europe and the US. Thames River Capital […]


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