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Social Seurity Benefits

It is especially worth reminding:

(1) Businesses that employ the spouses of proprietors (regardless of whether the business is incorporated) and

(2) those shareholding directors taking withdrawals from their business wholly by way of dividend

that in order to secure

– long term retirement pensions

– widows pensions

– short term benefits e.g. incapacity, unemployment and maternity absences

it is only necessary to have some earning in excess of the lower earning limit – currently £66.

On the face of it (with the first £33 being exempt) it would seem that one would only need £66.01 to qualify. For the tiny amount that needs to be contributed (1p per week) will secure the benefits referred to.


It is essential that especially in the dividend/salary debate clients are made aware of the benefits that will be lost if no NIC is paid. This position may be extremely common amongst those directors taking their entire funds from the company through dividends.


Permanent revises income protection rates

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Family Assurance sees record sales growth

Family Assurance Friendly Society has seen a massive growth in equivalent premium income to £26.75m from £8.66m for the half year ending 30 June 1999.Chief executive John Reeve says: “This is an outstanding performance. Our over-riding commitment is to be the benchmark for affordable savings. And that means driving down costs whilst making our products […]

Henderson merges Pacific and emerging fund teams

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Axa links with trade union to provide products and services to 400,000 members

Axa has linked up with the Manufacturing, Science and Finance Union to offer a new benefit service to its 400,000 members known as &#39MSF First&#39.Axa will offer a range of financial services, advice and insurance products in a joint venture with membership benefits trading company UNISERVICE.The five-year deal will be officially launched at this year&#39s […]


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