Welcome to the second edition of Pacific Focus, our quarterly client

newsletter. The feedback received from hundreds of clients to our

Spring issue was very positive and greatly appreciated. We also

received a number of suggestions too that we’ve tried to incorporate in

this edition, so please continue to let us know what you think.

The report attached gives a summary of the key tax data in George Osborne’s Spring Budget. The Chancellor revealed a ‘Budget for growth’ with a range of business-friendly measures. The Budget highlights included:

• The reduction in the main rate of corporation tax to 26% from April 2011 and by 1% a year thereafter to 23% in 2014.
• The increase in the personal allowance to £8,105 in 2012/13, with a corresponding reduction in the basic rate band to £34,370.
• An increase in the rate of tax relief on enterprise investment scheme (EIS) investments from 20% to 30%, and a doubling of the EIS investment ceiling.
• The increase to £50,000 in the annual charge for UK non-domiciled individuals from April 2012 for those who have been UK resident for 12 or more years and who wish to benefit from the remittance basis.
• The increase in the lifetime limit for entrepreneurs’ relief from £5 million to £10 million.
• The increase in the rate of R&D tax credit for SMEs to 200% from April 2011.
• The possible integration of income tax and NICs.

We’re committed to delivering a great service and proposition to our clients.  But we want to get better at what we do which is why we’re asking for your feedback so we know that what we do is right, and where we can improve.

So we’re asking all our clients to complete our brief online survey which shouldn’t take any longer than five minutes.

Please click here to take the survey

(Click link above to download the Newsletter)

We are living in turbulent times, with the markets constantly changing and shifts in government legislation potentially having an effect on your investments and pensions.

Markets have reacted negatively to the recent events in Egypt, with the consolidated fear that the unrest may have repercussions for the wider Middle East region. With the constant stream of economic indicators and data sources posting conflicting messages, it’s clear that we remain locked in a period of economic uncertainty.

That’s why we feel that treating our customers fairly means keeping them updated on important financial matters and working for them as their financial advocate. As a valued client, your quarterly Pacific Focus newsletter is just one way that we’ll be communicating with you.

The ISA deadline is approaching

 This launch edition is highlighting the need to act now to ensure you don’t miss out on your ISA (Individual Savings Account) allocation for the present tax year. Please make an appointment now to speak with your financial adviser.

We have also launched a monthly eFocus email service, which again is designed to keep you updated on market trends as they happen. Further information on how to subscribe is provided.

Refer a Friend and Make a Difference

 Our Charity Referral Scheme is showcased. It’s been set-up to provide valuable financial support to a number of amazing Charities who provide incredible care and support to the young, the sick and the visually impaired. Every time you refer a family member, friend or colleague to us for a financial review, we will donate 25 pounds to the Charity of your choice.

Finally a Corporate Division of Pacific IFA was launched in January 2011 to offer Companies and their Directors advice on a number of business related tax and pension matters. If you would like to receive a copy of our new Pacific IFA Corporate brochure, please email andrewgarrido@pacificifagroup.com

We hope you enjoy our launch edition and would welcome any feedback or suggestions you may have for the future.

Best wishes,

Mark Pentelow – Managing Director

Enjoy the clip courtesy of the Pacific IFA Marketing Dept!!!

Click on the link below to view:-

Pacific Disco Dancing

The Pacific IFA annual conference took place at Five Lakes Country Club on January 4th 2011.

Mark Pentelow, Pacific IFA’s Managing Director (far right in picture), welcomed new members of staff to the company.

He congratulated everyone for an excellent year in caring for the companies growing client base and in exceeding the companies TCF targets (Treating Customers Fairly). He also launched a new Corporate Division that would address the specific needs of business clients.

Pacific’s Marketing Director, Andrew Garrido, launched the new Charity Referral Scheme and introduced Tina Boreham to the conference from the Guide Dogs Charity. Tina outlined how the money raised by Pacific would be used and how only two client referrals would pay for a new dog harness or would sponsor a puppy walker for 6 months.  It costs £49,000 per annum to fund a guide dog, and all monies received are from voluntary contributions.

Tina Boreham (below) is addressing the conference with the help of PJ, a retired guide dog.

For some time, Directors and Higher-Paid Employees have always had to deal with the somewhat confusing way to best deal with retaining as much of their hard-earned money in a legitimate manner. Previous options that had to be considered include extraction by Dividends, Pension Contributions and, of course, Bonuses.

Working with specialist Probiz Tax teams, we aim to offer various schemes that offer alternative, cutting-edge tailored solutions to enable cash extraction with significant tax benefits.

Click on link to download PDF  Corporate Tax Mitigation

Working with specialist Probiz Tax teams we aim to offer various schemes that provide alternative, cutting edge robust schemes to enable contractors, and others, to access potentially significant tax benefits. 

 Click on link to download PDF  Contractor Schemes  

Click on link to download PDF Stamp Duty Mitigation

Click link to download PDF  Capital Allowance Optimisation