Dear clients and friends,
It's midsummer, that special time when days are long and spirits are high.
In this edition of our quarterly Sable eNewsletter, we bring you an in-depth feature on what the EU Gender Directive could mean to your insurance requirements, and we explain why setting up an offshore trust in Mauritius makes a great deal of sense. We also have our usual reminders of important tax deadlines.
If you'd like to get in touch about anything in this newsletter, email us on email@example.com. We're here to help.
Chat to you again in the autumn. But first, have a wonderful summer!
The Sable team
Tel: 020 7759 7514
| Offshore trusts and financial planning |
If you are planning on settling in South Africa in the future, it might be advisable to set up an offshore trust to hold your overseas assets.
Recent changes to exchange controls in South Africa have made the formation of an offshore trust much more cost-effective. Now that married couples can transfer up to R8m offshore annually, it finally provides enough capital to justify the administration costs. The favoured solution is to "lend" the funds to the trustees and charge them a reasonable market-related interest. You then avoid donations tax but do need to pay tax on the interest earned.
| | Real-time information - new legislation for all employers
In April 2013, HM Revenue & Customs (HMRC) will introduce a new way of reporting PAYE. Called "Real Time Information", or RTI, it will mean that employers and pension providers will tell HMRC about PAYE payments at the time they are made, as part of their payroll process. Payroll software will collect the necessary information and send it to HMRC online.
In short, you will submit information about PAYE payments throughout the year, as part of your payroll process - rather than at the end of the year as you do now.
This new legislation could have a substantial impact on your payroll team. Sable will be happy to help you with this. For more information, or to find out how we can help you, contact us on 020 7759 7514 or email us at firstname.lastname@example.org.
|Refer a friend |
We appreciate your continued loyalty and business. Our Refer-a-Friend programme is our way of saying thank you for telling your family and friends about all of the benefits of using our outsourced services. You have the opportunity for non-billable time. Please contact us if you feel you are eligible.
| |About us
Sable Group is a group of companies that specialises in professional services. We manage financial, immigration, and legal needs.
Our clients are typically 'global citizens' with international interests, such as family, property, and wealth abroad. More importantly, our clients are at the heart of what we do, and how we do it. More about us.
Our new & improved website
If you're a regular here on our website, you may have already noticed that we've reskinned, reshaped and tidied things up a bit. If not, have a look at www.sable-group.com.
We've let you, our clients, guide us in the kind of content that's important and easy for you to find, and we've tried to make everything clear, succinct, and enjoyable. We'd love to hear your feedback and suggestions. Please let us know your thoughts by emailing us at email@example.com.
Meet Paul Plewman
We welcome Paul Plewman, who recently joined the Sable team as a director of our international corporate forex division.
Accounting deadline reminder
After the end of the tax year, you need to complete and file your key expenses and benefits forms.
If you're an employer, you need to file form P11D before the 6th of July to report expenses and benefits you've provided to all company directors or employees earning at a rate of £8,500 or more per year. All of these forms must be submitted toHM Revenue & Customs (HMRC) by 6 July.
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