Paramount Group - ANDREW BRUMBY BSc (Hons), DIRECTOR

Newsflash

Protecting Tax Free cash

As you generally advise your clients regarding remuneration strategy and more importantly profits extraction it appears, following research with our existing clients that, for those who hold executive/directors pension policies and even those with small self administered schemes, it is now worth a review. This would examine whether it would be advantageous to transfer the existing benefits to a section 32 or section 32A (Block transfer) and start funding a self invested personal pension. For those who have small self administered schemes it is still possible to transfer to a section 32 and have the section 32 self invested, utilising the commercial property occupied by the sponsoring employers company.

ANDREW BRUMBY BSc (Hons), DIRECTOR

After graduating from Queen’s University, Belfast in 1994, Andrew Brumby began working as an IFA for a firm of solicitors based in Whitby and Scarborough, providing advice to the firm’s clients. The financial advice department grew and as demand for independent advice from other firms of solicitors followed it was necessary to set up a separate limited company providing advice across North Yorkshire.

In order develop further as an adviser Andrew took the opportunity to move to Leeds and join a national firm of advisers. It was here he met like minded colleagues who jointly set up Paramount Group to provide tailored financial advice to individuals, corporate entities and to work closely with firms of accountants and solicitors.

Andrew specialises in providing advice in the area of pensions and divorce, investments and inheritance tax planning.