The Govt will replace the notional dividend tax credit with a £5,000 allowance for all tax payers from April 2016. Those lucky individuals who get more than £5,000 in annual dividend payments will have to pay tax on that income. Tax rates depend upon the three main tax bands. Those who earn up to £31,785 will pay 7.5% on their dividend income above £5,000. Those who earn between £31,786 and £150,000 will pay 32.5% as now, and all those earning above will pay 38.1%, higher than the existing rate. This targets business owners who pay themselves via dividends as well as salaries to reduce their tax bill.

What to do?

1.Ensure you use your tax free annual dividend allowance.

2.Use your ISA.

3.Consider a SIPP.

Should you need help, please do call.

In short, after the successful Healthcare Conference in May, we wanted to repeat the format for the Retail Sector. We have asked 3 very interesting retail stocks to present their investment case, and how they are coping with the influx of new technology to the Sector, and changing consumer buying habits. After the presentations, once again we have asked Denbies to allow us to taste their Champagnes, and this time their craft beers brewed onsite. Something for everyone then! Save the date and further details will be announced shortly.

The magnificent view of Dorking on the Dorking Station platform is something to be admired by all busy commuters. This also happens to include details of MVAM’s view which is to encourage everyone to have a closer relationship with their money. Do we all really need to pay fees to platform providers, and then fees to Fund Managers to mange your money as well? Could we not go directly to the Fund Manager and know that they will invest your money, according to your level of risk, and together, change and plan for your future? We think so. A new view will be forthcoming next month…so keep your view on the right track!

As another financial year end approaches, please don’t forget to use your ISA allowance to the full. Do check that you have, and get ready to invest for the new year ahead as the subscription limit for 2015/2016 will be £15,240 and £4,080 for the Junior ISA. Just give us a call should you have any interest in the following below:

•              ISA subscription limits

•              Additional permitted subscriptions for the spouse/civil partner of a deceased ISA investor

•              Transfers of savings from Child Trust Fund to Junior ISA

•              Individual Savings Accounts (ISAs) and Child Trust Funds (CTF): Extending eligibility

•              Individual Savings Accounts (ISAs): Making ISAs more flexible

as I’m sure we can help. Let’s hope we never have to talk about bullet point 2!

Press Release – 16 January 2015

MOLE VALLEY ASSET MANAGEMENT APPOINTS JOHN BAILLIE AS PORTFOLIO MANAGER

Mole Valley Asset Management (MVAM) today announces that John Baillie has been appointed as Portfolio Manager with immediate efffect.

John was previously a Director at Societe Generale (SG) in London, where he headed the Pan-European retail sector team, responsible for equity research coverage of a wide range of consumer stocks. Prior to joining SG, he was Head of Retail at Cazenove & Co. During his career he has been consistently highly rated in surveys, such as Extel and was regulary top- three ranked for stock-picking by Starmine. He read PPE at Oriel College, Oxford and holds the CISI Diploma.

Craig Harper, Managing Director, said: “I am delighted to have further strengthened MVAM’s investment team with this new appointment. With our focus on managing bespoke, concentrated portfolios for our clients, I expect John’s experience and expertise to have a positive impact on performance and further validate MVAM’s unique approach to money management. “

Baillie said: “I am very excited to be joining the Mole Valley team at this dynamic stage of its development. It provides me with a great opportunity to use my proven stock picking skills for the benefit of the Mole Valley investors, seeking superior returns, in contrast to the lacklustre performance of the savings industry in general, which is increasingly dominated by the indexed funds.”

– Ends –

For more information, contact:

CRAIG HARPER – MANAGING DIRECTOR
MOLE VALLEY ASSET MANAGEMENT LTD – St. Martin’s House, St. Martin’s Walk, Dorking, RH4 1UW
craig@mvam.com D/D 01306 776980 S/B 01306 776999 MOB 07545 393743
https://www.mvam.com/

About Mole Valley Asset Management  (www.mvam.com)

MVAM is a new type of investment management company that intends to end the “faceless” investment culture of today. It doesn’t charge for investment advice, only for managing your savings.

Based in Dorking, Surrey, its aim is for all of its clients to know the person who invests their money. Portfolio Managers are required to become qualified financial advisors so the direct investments they make create individual portfolios uniquely suitable for each client. Because they know their clients as well as they know their investments, client portfolios can carry more risk than is normally the case when advisors invest indirectly through fund platforms.

MD Craig Harper states “Thinking about what to do with your savings is really hard. So usually we farm out the responsibility as quickly as we can so we don’t have to worry. However the financial industry has become so complex there is little likelihood that you actually know the person who invests your savings. Often there can be two, three or even four layers of people between the client and their investments with each layer taking a fee. Nobody knows where their investments are. It’s hardly surprising many investments turn out to be lemons. At MVAM it’s just us, our clients and their portfolios. We actively encourage our clients to know us, know what we are doing and know how their savings are performing. We need our clients to have a real relationship with their money as we believe that this will help the long term returns from their savings.”