Date: Wednesday, 12 May 2010
Time: 08:00 - 10:30
Location: Turf Moor, Burnley FC

A breakfast workshop aimed at business owners and directors of limited companies. The speakers include Ian Dugmore MD at Ainsworths Accountants, David Rogers Senior Partner at Donald Race & Newton Solicitors, Andy Broadhead from Bright Grey and David Black from Yorkshire Bank. The event is being held in the Dr Iven Suite at Burnley Football Club (Turf Moor) with an 8 am arrival for tea, coffee & bacon sandwiches and a 10.30 finish.

Click on the image to the right to download the Panacea Premier Magazine for Spring 2010.

Panacea were represented by Mark Jones at the TUC Conference on March 17th where 200 delegates gathered at the Reebok Stadium in Bolton to hear the positive impact unions are having by introducing their members to training and learning and increasing equality in the workplace. Panacea work alongside several unions such as the Public & Commercial Services Union (PCS) and give financial advice to members across the North of England and North Wales. Read more here...

Why not join the Panacea Financial Services Facebook group? Each week we will adding interesting financial information and topical news along with having a forum to discuss on any area of finance you need help with. Membership is free and we will also be posting details of regular events so come and join us at www.facebook.com

Click on the image to the right to download the Panacea Pre-Budget Report.

A summary of the key announcements in Alistair Darling's pre-Budget report December 9th 2010

TAX

• Personal allowances frozen at 2009/10 levels
• Inheritance tax nil rate threshold frozen at £325,000
• 1p increase in corporation tax for small companies to be deferred
• All national insurance rates to rise by a further 0.5% from April 2011
• Pensions higher rate tax relief further restricted for incomes over £130,000
• VAT to return to 17.5% from 15% from 1 January 2010.
• One-off 50% tax on banker’s bonuses of more than £25,000
• Stamp duty holiday on certain properties to end on 1 January 2010
• Bingo duty to be cut from 22% to 20%

PENSIONS AND BENEFITS

• Basic state pension will rise by 2.5% in April 2010
• Contributions to public sector pensions to be cut by £1bn a year

ECONOMIC FORECASTS

• Growth of 1%-1.5% expected in 2010 and 3.5% in 2011 and 2012
• Estimated public loss from bank bailouts reduced from £50bn to £10bn
• Total spending in 2010-11 to rise by £31bn

OTHER

• Electric cars to be exempt from company car tax for five years
• New 50p tax on landline phones to pay for superfast broadband

Our MD Iain was on the show again yesterday which was hosted by Phil Trow covering for Tony Livesey. His slot is around 1 hour 37 minutes into the broadcast. Click here to listen.

Alastair Nightingale, one of our IFAs, and his bride Caroline got the surprise of their lives when they got married in Italy recently. None other than Denzel Washington gatecrashed the party! Alastair and his new bride had several pictures taken with the Hollywood Actor outside the Chapel in Positano, Italy.
Read the article from the Daily Mail

Iain Crawford, our Managing Director, appeared on BBC Radio Lancashires Breakfast Show with Tony Livesey. The interview starts after about an hour and 18 minutes. Here is a link to the BBC iPlayer

Our Director, Chris Robson, plus our financial consultant Hitesh Patel and his client Jason “Chaddy” Chadwick were fortunate enough to be invited by Skandia to sail in a race at Cowes Regatta as part of a six-man Sunfast 37 yacht skippered by a member of the GB racing team. There were 50 boats entered in the regatta and not only did Chris, Hitesh and “Chaddy” enjoy themselves tremendously but their boat won the race! Indeed, Skandia entered ten teams in the race and in their long association with Cowes Regatta they had never had a winning team before. Congratulations to all three of them and for representing Panacea at such a prestigious and famous event.

Over 150 clients, guests and Panacea team members enjoyed a great days racing at the Cheshire Forest Hunt Point to Point racing at Tabley House, Knutsford on Sunday 5th April.

Guest enjoyed a barbecue in Panacea's private marquee followed by a full programme of seven races including The Panacea ladies Open Steeplechase. The races are an annual event held in the beautiful grounds of Tabley House.

Clients, both old and new joined us at the Fence Gate Inn near Burnley and the Village Hotel, Hyde for three informative seminars on Wealth Preservation.
The speakers, Philip Clegg from Estate Planning Solutions, Iain Crawford from Panacea and Ian Dugmore from Ainsworths Accountants presented detailed analysis of issues such as Capital Gains Tax, Inheritance Tax and Will Provision.