Pilling & Co Ltd. Stockbrokers

Requirement to send you quarterly statements under MIFID II
Following the implementation of the MIFID II regime there is now a requirement for us to provide you with a statement detailing your assets held with us on a quarterly basis. As such, rather than producing half yearly valuations as at the 5th April and 5th October together with a statement detailing the previous six month cash movements up to the valuation date, we will now send quarterly valuations as at 5th April, ...July, October and January together with a statement detailing the previous three month cash movements up to the valuation date.
For Client Web Access (CWA) clients they will be automatically delivered to the document section of your online account. For postal clients this will unfortunately mean you receive twice as many statement packages then previously.
For ISA clients on the automatic quarterly income distribution system there will be no change to the payment frequencies. As we will be issuing full quarterly statements we will no longer be posting income payment advices detailing the specific income entries which make up each payment as the information will be on each quarterly statement, however Client Web Access (CWA) clients will still receive an income payment advice in the document section of their online account.
Please note clients may receive their income payments into the bank prior to receipt of their quarterly statements. If you want to guarantee a breakdown at the time of payment you should request to become a CWA client to receive the bespoke income advices.
CWA clients also benefit from a reduced custody fee as well as not receiving the increased paperwork we now need to provide you with.
To elect for CWA you should email compliance@pilling.co.uk quoting the Pilling account number(s) you wish to have online access to and you will be provided with a username and password.
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Happy New Tax Year!!
After a frenetic final couple of weeks we can happily say goodbye to the 2017/18 tax year and welcome to 2018/19!
The pressure of deadlines to complete your old tax year activity is now over, but why not get your contributions in early this tax year so you can reap the benefits throughout the full year.
... If you wish to make an ISA contribution with us this tax year but you did not make a contribution with us last tax year you will need to provide us with a signed 2018/19 ISA Application Form. If you are a new client to us you will also need to provide identity documentation as detailed on the application form.
The ISA contribution limit remains at £20,000 for tax year 2018/19.There is also a Junior ISA 2018/19 allowance of £4,260 which can be used for the under 18s. If you wish to open a Junior ISA you will need to provide us with a signed 2018/19 Junior ISA Application Form. Full details of the Junior ISA product, which we can discretionary manage for you or you can operate on an execution only basis, is available in the JISAs section of our website.
If you have a child Trust Fund with us there is also a £4,260 allowance this tax year.
Important Notice: The value of investments can fall and you may get back less than you invested. Past performance is not a reliable indicator of future returns. There is no guarantee that the tax efficient nature of any investment product mentioned will remain. Investments may not be suitable for everybody and potential investors are recommended to seek independent advice before investing. Disclaimer: https://www.pilling.co.uk/Disclaimer.htm< br> See More

Tax year end 5th April 2018
A reminder that tax year end is fast approaching and in order to use your ISA allowance you need to have your contribution with us no later than Thursday 5th April. This could be a cheque, a payment into our bank or providing personal shareholdings to “Bed & ISA”.
If you did not make an ISA contribution last tax year with us and this will be your first contribution this tax year, you will also need to supply a signed 2017/18 ISA application form wh...ich is available on our website
The ISA contribution limit is £20,000 for tax year 2017/18 and will remain at £20,000 for tax year 2018/19, so if you cannot contribute before the 5th April you will be able to use your new tax year allowance from 6th April 2018. 2018/19 tax year ISA application forms can also be downloaded from our website.
There is also a Junior ISA or Child Trust Fund 2017/18 allowance of £4,128 which can be used for the under 18s. This will increase to £4,260 for tax year 2018/19.
Please contact us for any guidance on contributing to your ISA by telephoning our admin team on 0161 8194850 or by email at isa@pilling.co.uk
Important Notice: The value of investments can fall and you may get back less than you invested. Past performance is not a reliable indicator of future returns. There is no guarantee that the tax efficient nature of any investment product mentioned within this website will remain. Investments may not be suitable for everybody and potential investors are recommended to seek independent advice before investing. Disclaimer: https://www.pilling.co.uk/Disclaimer.htm< br> See More

Can I Open a JISA this Year? Follow the flow diagram to determine if you can open a JISA in this tax year. Further details at: http://www.pilling.co.uk/Junior-Individua l-Savings-Accounts…

Can I Open an ISA this Year? Follow the flow diagram to determine if you can open an ISA in this tax year. Further details at: http://www.pilling.co.uk/Individual-Savin gs-Accounts-(ISAs)…

Our ISA Tax Year 2017/18 Stocks and Shares Application Form is now available: http://www.pilling.co.uk/…/Pilling_and_ Co_Stockbrokers_Stoc…

Don't forget you have until 5th April to use your ISA Allowance (up to £15,240).

Alistair Hodgson - Chartered Wealth Manager
~ A Preferential Idea ~
Might George Osbourne’s changes to dividend taxation shine a light on a little noticed corner of the London Stock Market? Preference shares in their various forms are almost as old as the exchange itself. When the capital structure of public companies tended to be more complex than it is today there were many to choose from with a variety of terms in addition to preferential provision of a dividend. ...
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