Uckfield Ladies Lunch Club – October 2016 Newsletter

Ladies Lunch Club Logo Invite sizeLadies Lunch October Newsletter

In this issue:


Booking Now…

Hi Ladies,

Earlier this month we had another fantastic lunch sponsored by Watson Associates at the East Sussex National. We would like to say a big thank you to everyone who came along to the lunch and made it such a great occasion.

The lunch on 15th December is selling very fast, so if you would like to attend then make sure you book soon in order to get a place!

Come along to enjoy a relaxed two-course lunch followed by tea or coffee, surrounded by like-minded businesswomen at amazing restaurants and hotels across Sussex, Surrey and Kent. We have no membership fees, no long-term commitments – just good food and good company.

We can also reveal the 2017 Ladies Lunch Club dates for the first time, however please note that many are currently still provisional on being confirmed by the venues. We hope to bring you the final confirmed dates in November’s newsletter.


Watson Associates Banner

Spreading dividends around the family

Every UK resident individual can receive up to £5,000 of dividends tax free each year, whatever their marginal rate of tax. As a company owner you could arrange for your family members to receive dividends from your company to take advantage of this.

Spreading dividend income in this way can reduce the tax you pay, if that income does not pass through your hands first. Dividends can also be used to help support your children through university.

The first step is to ensure your family members hold shares in your company which entitle them to receive dividends. You can give those individuals some of your own shares if you already hold sufficient shares yourself. We can help your company issue more shares and different classes of shares as necessary.

To avoid the dividends paid on shares you give away being taxed as part of your own income, the shares should carry full rights to receive part of the company’s capital on a winding up, as well as rights to receive variable rates of dividends. You should only make gifts of shares to your children once they have reached the age of eighteen.

If your family members also work for the company there is a risk that the value of the shares they receive will be taxed as part of their employment income. However, there is a general exemption for gifts made within a family relationship, so make that clear in any documents relating to the gift. Alternatively, the family members could subscribe directly for new shares in the company.

If you give shares to your spouse or civil partner (while you live together), the gift is not taxed. Gifts of shares to other individuals will be taxable, but when the value of the gift is small it may be covered by your annual Capital Gains Tax exemption (£11,100). Tax on larger values of shares can be postponed if the company is mainly a trading company (as opposed to an investment company).

Before any dividend is declared or paid, it is wise to review the effect it will have on the recipients. Where the dividend tips an individual’s total income over £50,000 or £100,000, they could lose child benefit or personal allowances.

For more information please contact us on 01323 842 119 or mail@watsons.co.uk.


Watson Associates are our sponsors for the Uckfield Ladies Lunch Club. To network with them and others over a two-course lunch, book a place at our next Uckfield lunch at The East Sussex National on Thursday 15th December.


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Upcoming Events:

Uckfield:

  • 15th December 2016 - Book Here
  • 23rd February 2017 - Details Soon
  • 27th April 2017 - Details Soon
  • 29th June 2017 - Details Soon
  • 31st August 2017 - Details Soon
  • 26th October 2017 - Details Soon
  • 21st December 2017 - Details Soon

Worthing:

Brighton & Hove:

  • 8th November 2016 - Book Here
  • 10th January 2017 – Details Soon
  • 14th March 2017 - Details Soon
  • 9th May 2017 - Details Soon
  • 11th July 2017 - Details Soon
  • 12th September 2017 - Details Soon
  • 14th November 2017 - Details Soon

Eastbourne:

  • 18th November 2016 - Book here
  • 20th January 2017 – Details Soon
  • 17th March 2017 - Details Soon
  • 19th May 2017 - Details Soon
  • 21st July 2017 - Details Soon
  • 15th September 2017 - Details Soon
  • 17th November 2017 - Details Soon

Hastings:

  • 15th December 2016 - Book Here
  • 16th February 2017 - Details Soon
  • 20th April 2017 - Details Soon
  • 15th June 2017 - Details Soon
  • 17th August 2017 - Details Soon
  • 19th October 2017 - Details Soon
  • 21st December 2017 - Details Soon

Horley, Redhill & Reigate:

  • 16th November 2016 - Book here
  • 18th January 2017 - Details Soon
  • 15th March 2017 - Details Soon
  • 17th May 2017 - Details Soon
  • 19th July 2017 - Details Soon
  • 20th September 2017 - Details Soon
  • 15th November 2017 - Details Soon

Tunbridge Wells:

  • 6th December 2016 - Book Here
  • 7th February 2017 - Details Soon
  • 4th April 2017 - Details Soon
  • 6th June 2017 - Details Soon
  • 1st August 2017 - Details Soon
  • 3rd October 2017 - Details Soon
  • 5th December 2017 - Details Soon