Second Allen Tomas & Co charity golf event is a success!

The second Allen Tomas & Co Charity Golf day was held on September 23rd at Heacham Manor in Norfolk. We are pleased to say we raised over £1,000 for our chosen charities, Norfolk Hospice and the West Raynham ward at King's Lynn's Queen Elizabeth Hospital.

With fantastic weather, the day was a huge success with 10 teams competing in a stableford event. The winning team were Johnsons Gift Shops Limited, second place Vitality and third place Hawkins Ryan Solicitors. The two longest drives were won by Gary Fitzjohn and Tom Mcewan and the two nearest the pins were won by Peter Zimmer Smith and Roger Lebbell - each were congratulated with a bottle of Prosecco.

We would like to thank Heacham Manor for hosting the event, the fundraising department at Queen Elizabeth Hospital, Norfolk Hospice, everyone who participated and brought raffle prizes, Patric Stuart of Brancaster Golf Club and Richard Boyd for donating golf vouchers, the support of Mark Jenner from Canada Life and Sam May from Vitality.

We look forward to seeing everyone again next year!

Ben Allen achieves the Later Life Adviser Accreditation with SOLLA

SOLLA was established in 2008 as a not for profit organisation dedicated to higher standards and accessibility to regulated financial advice for older people and their families. There are no shareholders and any profit is used to sustain the Society and its objectives.

All SOLLA later life advisers specialise in the financial needs of older people. Professional qualifications, whilst essential, do not always give a full picture of an adviser's experience or expertise. Those advisers who have taken the further step to become independently accredited can offer the added reassurance that they can give the practical help and guidance needed to help you make the right decisions at the right time. All full members of the Society must achieve the Later Life Adviser Accreditation and adhere to a Code of Practice to ensure their clients know what to expect from their services.

SOLLA helps people and their families in finding trusted accredited financial advisers who understand financial ne…

Parents attempting 24hour 3 Peaks Challenge

Parents Ben and Rebecca Allen (Allen Tomas & Co employees) are part of a group of intrepid West Norfolk parents that are training hard for the 3 Peaks Challenge to raise vital funds for their local school (Ingoldisthorpe Church of England Voluntary Aided Primary School). They will summit the highest mountains in England, Scotland and Wales in 24 hours from dusk on 31st August, walking over 37kms, climbing a total of over 10,000ft and driving 1830kms.

The completion of the challenge will help secure two exciting new developments for Ingoldisthorpe Primary: an outdoor log cabin classroom which will provide much needed space at their children's school and a stage piano to strengthen the school's music provision. A log cabin to match the existing classrooms will cost around £8,000 to buy and site on the school field. It will offer the school space for Music Lessons which are an important part of the curriculum, along with room for art, reading and intervention sessions for sm…

The Dividend Allowance

Is this dividend allowance cut still going ahead? Although this dividend allowance cut was dropped from the Finance Bill 2017 as a result of the General Election, it will go ahead as planned from April 2018, as it was re-introduced into a second Finance Bill (published on 8th September). The Bill received Royal Assent on 16th November 2017.

What is the dividend allowance? The dividend allowance was only implemented in April 2016, as part of a radical shake-up in the way dividends are taxed. Prior to this date, under the tax credit system, dividends were paid to shareholders net, and multiplied by 10/9 to produce the gross dividend upon which dividend tax was levied.

Since the new rules came into play in April 2016, dividends are subject to new tax rates (basic – 7.5%, higher – 32.5% and additional – 38.1%). This has placed a significant additional tax burden on limited company owners. The one concession was the creation of a tax-free ‘dividend allowance’ applied to the first £5,000 o…

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