Paramount Group - Paramount Group Tax & Trusts Event

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Paramount Group Tax & Trusts Event

Galpharm Stadium, Huddersfield
Thursday 15 May 2008
8.00am – 2.00pm (including lunch)

What is it?

Paramount Group is offering you the opportunity to attend a unique event at Galpharm Stadium, Huddersfield, designed to present you with a one-stop-shop for a range of Tax and Trust related solutions to expand and enhance the portfolio of services you offer your own clients.

Why should I attend?

Attending may help you increase your fee income
Paramount Group has invested extensive time into researching specialists we are happy to recommend.
We have conducted due diligence on all the companies we work with, saving you time.
You will have immediate access to a number of experts in related fields ensuring you have the right solution to all your clients’ concerns.
Attendance is eligible as Continuing Professional Development.

The day will be hosted by Clive Barwell, a Director of Paramount. Clive, a Certified Financial Adviser, is a specialist in inheritance tax and investment planning, Clive is also Chairman of the Yorkshire Society of Trust & Estate Practitioners, and has recently been elected a Fellow of the Securities & Investment Institute.

How do I get there?

The event will be held at Galpharm Stadium in Huddersfield, West Yorkshire, the home of Huddersfield Town Football Club. Galpharm Stadium is close to the M62 and has plenty of free parking. The Paramount event will be held in the Panasonic Suite.

Click on the link for directions. http://www.galpharmstadium.com/pages/location.asp

What is the agenda?

To make sure you miss the early morning traffic, we will be starting at 8.00am prompt with coffee and pastries to fortify you.

We will have a coffee break during the morning followed by lunch at approximately 1.00pm. This will give you the opportunity to chat to the speakers and directors of Paramount.

Who will be speaking?

Andy Lee – Fortress Management Services

Andy Lee is Marketing Director of Fortress Management Services Ltd, who are worldwide consultants and administrators for Offshore Companies and Trusts. Andy has over 25 years’ experience in the UK and offshore marketplace, which includes developing highly successful financial products and trust vehicles for the UK, Asia, and Far East markets. He is a qualified member of The Personal Finance Society. He has worked for three major banks including HSBC, and two international tax and trust planning advisory businesses. He has worked alongside many substantial businesses, advising clients on tax strategies, and assessing the constant changes present in the UK ad International tax planning environment. Andy is a sought after speaker, working with organisations including the Law Society, Personal Finance Society, and IFA Networks.

Andy will identify some key planning opportunities covering Inheritance Tax, Capital Gains Tax, and Income and Corporation Tax.

Specifically, many property and business owners need to review their Capital Gains Tax situation and evaluate their exit strategies and succession options taking into account recent UK Budget announcements.

Leaving the UK and becoming non-resident for tax purposes is also an increasingly popular consideration.

Gary Smith - Trust Assist

Gary Smith is a director of Trust Assist, a UK- based product design company specialising in Inheritance Tax schemes. Gary’s co-director, Nick Chadwick, will be known to many of you for his work in the inheritance tax arena. Trust Assist has some £500m invested in their schemes and is currently working with Isle of Man Assurance (IOMA) on four inheritance tax schemes, all of which will be covered on 15 May. Gary has been involved in the trust market for 18 years and talks all over the country to legal and accountancy firms in conjunction with IFA partners. He is a director of three other businesses and is involved as a trustee for 2 local charities.

Gary will be talking about the range of offshore inheritance tax planning tools offered by IOMA. These include a fully flexible product designed to adapt to the client’s changing circumstances and therefore cut through any objections a client may have to IHT planning; with this product, monies can be transferred to beneficiaries while the client is still alive. He will also talk about estate transfer using a Bare Trust to generate an income defined by the client (up to 10% per annum, plus/minus growth); there is tax efficient distribution of the policy benefits on the client's death. Finally, Gary will also explain IOMA's flexible inheritor plan which aims to increase the client’s return on cash while keeping it in a cash environment and save the client some IHT immediately (via a discount) and a further amount after seven years.

David Dresner Barnes – Paramount

David has over 20 years’ experience in financial services, dealing primarily with personal and corporate pension planning. He qualified as independent financial adviser (IFA) 12 years ago and since then has run his own IFA business and set up the corporate division of a national IFA company.

David will be talking about the creative use of pension products and the interpretation of legislation to improve clients’ financial position and reduce their tax burden. He will also show you how your clients can make large pension payments tax efficiently, how to structure salaries in the most tax effective way and how to implement post-retirement planning to increase tax-free cash and improve death benefits.

Iain Smith – Trust & Protect

Iain Smith has more than twenty years experience as an Independent Financial Adviser. Previously he has developed financial products for Clerical Medical and other National and International brokers. Culminating in an online fund analysis service, and was voted as runner up online IFA for 2000.

Iain will be talking about Retirement Protection Trusts, a new approach to using trusts within tax and financial planning; whereby an investor converts ‘income’ to a series of capital payments from a trust, improving their tax position whilst simultaneously increasing the protection of their family’s wealth and ultimately, their legacy.

Benefits summary:

a material part of the trust payments is a tax-free return of capital;
the remainder of each payment is taxable but may be offset by the recipient’s annual CGT allowance;
thereafter it is taxed at 18% as opposed to 40%;
the reduction in tax, enables the investor to enjoy either a greater after tax return, or leave a greater legacy;

and may enable the recipient to make greater use of their age allowance.

Mark Stubbs – Braemar

Mark Stubbs is Sales Director of Braemar and joined the Group in July 2006. Mark’s position is the key driver behind launching Braemar’s forthcoming products into the marketplace. Mark was formerly Managing Director of Hornbuckle Mitchell Trustees Ltd, where, latterly, he was responsible for the creation, development and promotion of their third party SIPP administration service. He has over 20 years’ experience in the Financial Services sector, both as an Independent Financial Advisor and third party administration service provider.

Mark will be talking about Braemar’s agricultural land plc investment scheme which, as the name implies offers an investment directly into UK agricultural land. His presentation will cover the background to UK land investment as well as details of the scheme and also details regarding IHT mitigation.

Struan Dott – Downing

Struan Dott is the Northern Regional Manager for Downing Corporate Finance which offers Venture Capital Trusts, alternative investment schemes (including Inheritance Tax schemes and Enterprise Investment Schemes) as well as bespoke property schemes.

Struan joined Downing just over a year ago, and before that worked with several Asset Management houses as well as with the Investment divisions of two life companies. He has 25 years’ experience in the industry and extensive experience of working with IFAs and their professional connections in alternative investment areas.

Struan will be talking about Downing’s specialism in tax-based products and asset-backed low risk investment strategies. As well as inheritance tax income funds, he will explain the benefits of Enterprise Investment Schemes (EIS) which target a tax-free return of 17% per annum and attract 20% income tax relief as well as Capital Gains Tax deferral relief.

John Delaney - Tradition Asset Management

John has twenty years in the Financial Services Industry as a Senior Consultant with NPI, Scottish Mutual and Scottish Mutual International and Regional Manager for Scottish Provident International. John was a top 10 consultant for a number of years. Previous experience whilst with Life Offices includes Professional Development Manager (Accountants/ Solicitors) Training Co-ordinator for the North East. Latterly John was Vice President Sales (UK) for Orbitex Investments. John is a Consultant to Tradition Asset Management and for the last six years has been a Director of JWD Consulting Ltd. He is an associate of the Securities Institute and graduate of Leeds University.

Paramount Group has developed a strategic partnership with Tradition Asset Management to provide a state of the art specialist Discretionary Investment Management facility.

Under Discretionary Management, the Investment Manager is empowered to actively manage the client’s portfolio to meet a specific objective without having to refer back for authority to make changes the investment portfolio. This greatly increases Investment efficiencies and gives Paramount access to far higher levels of investment expertise than would be typical of other independent financial advisers. This places Paramount in a unique position with an exceptional client service offering.

The facility is a high quality investment management service. The Investment Management Process and infrastructure is provided by Tradition Asset Management with Paramount participating in the regular Investment Management Committee meetings to ensure that the structure of the investment portfolios maintains a suitable balance between risk and reward.

The Client can enjoy unprecedented levels of service with:

24 hour, 7 days a week discrete and personal access to portfolio valuation
Instant Performance and Benchmark Analysis
The highest levels of transparency of information with full online investment rationale, urgent commentary and operational reporting
Immediate month-end full reporting packages.

Paramount assesses the client’s Risk profile and a bespoke, personalised “Investment Management Recommendation” is drawn up. The facility is at the leading edge of investment management and enables Paramount to offer a prestigious Discretionary Management Service to its professional connections, ensuring that their clients are offered the highest levels of investment expertise with exceptional reporting, transparency and accountability.

I want to stay the night before – can you recommend somewhere?

The hotels below are all close to the stadium:

Premier Travel Inn: Wakefield Road, Brighouse , Huddersfield , HD6 4HA
Telephone: 0870 9906360
George Hotel: St. Georges Square, Huddersfield, HD1 1JA
Telephone: 0845 4566399
Holiday Inn: Clifton Village, Brighouse, HD6 4HW
Telephone: 0870 4009093

How can I register?

Places at the event are limited so register now to make sure you don’t miss out.

REGISTER

If you would like more information about the event, please contact: Samantha Oates

E: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
T: 01924 351000

Paramount Group is regulated and authorised by the Financial Services Authority.