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Spending Review – how was it for you?

The debate over the effectiveness of the Comprehensive spending Review is likely to continue for many years, but there is little doubt that all of us will be affected in one way or another.

We at robinson+co may be able to help you if you are affected by:

 State Pensions to be paid at age 66 (from 2010) – our IFA can help you to plan for retirement. Please contact christinelumsden@robinsonco.co.uk for an appointment.
Compensation was also announced for those affected by the collapse of Equitable Life and, again, our highly qualified Investment Services Team can help if you are a disaffected policyholder.

Prior to the Spending Review it was announced that the annual maximum contribution to a pension scheme was to be reduce to £50,000 with effect from 6 April 2011. Whilst this may not affect a lot of people, again, if you have concerns about this issue, then contact christinelumsden@robinsonco.co.uk for an appointment.

 Loss of Child Benefit and Working Tax Credit – it may be possible to plan your household income so that these valuable benefits can be maximised. Please contact victoriabishop@robinsonco.co.uk for further information.

• Future of Nuclear Power - it has already been announced that Kirksanton and Braystones will not be the site of new nuclear plants and unfortunately it looks increasingly unlikely that Sellafield will be chosen either – what does this mean to you? Rumours abound, including one that Cumbria will be the site of a Nuclear Repository.

robinson+co  can help keep you informed as we are involved with the “Energy Coast” initiative, and government remains committed to alternative fuels such as wind technology. Contact jasonspires@robinsonco.co.uk for more information.

 “Big Society” – on the one hand charities may face a downfall in income as government grants fall, as well as donations. However, on the other hand, the demand for services may well increase as the government’s “Big Society” pushes more services to the voluntary sector. Contact our Charity Expert jasonspires@robinsonco.co.uk if you require further information.

 DEFRA – farmers who have complained at the slow payment of the Single Farm Payment will be concerned about the news that DEFRA have to find savings of 29% by 2014/15 on top of savings of £66million from the Rural Development Programme. A reduction in red tape is promised to help fund these savings but farmers have to wait until 2011 for a report on Farming Regulation.

Of interest to West Cumbria, however, is the confirmation that money for flood defences will continue, with a total of £2billion being spent over the next four years.
Environmental Stewardship Schemes are to remain but it is likely that they will have higher entry and compliance levels.

Contact our Agricultural Team for further information at michaelwood@robinsonco.co.uk.

• H M Revenue & Customs – this department has to find overall savings of 15% together with efficiency savings of 25% which may lead to further deterioration of the service provided by this important government department – the one that has to raise the funds rather than spend them!

However it is also to receive extra funds of £900million to help combat tax evasion and fraud, with the aim of bringing in £8billion of extra funds. With the recent débacle over PAYE underpayments fresh in our minds, it seems clear that H M Revenue & Customs have a remit to collect as much as they can.

robinson+co recognises that tax matters are always important and if you have any queries contact Tax Partner victoriabishop@robinsonco.co.uk.

News Archive

It's good to know that robinson+co fully understand the issues facing our industry.

Tyson H Burridge, Tyson H Burridge Ltd

After over two decades of outstanding service to my company, robinson+co continue to evolve as my own business has.

Mike Graham, G&M Supplies Ltd

When I became self employed, getting reliable personal and professional financial advice and accountancy help was so important. I have been fortunate to have had such good service from robinson+co over the last five years.

Alison Harker, Wigton

We would like to thank robinson+co for their outstanding service they provide us in dealing with our PAYE and CIS.We find that they are very professional and understanding to our needs.

Carole & Brian Atkinson, B&C Atkinson Ltd

We can't thank Christine Smith enough for all her patience and help in keeping us straight with our payroll etc., and not to forget Tracey Kennett for all our Sage help.

Modern Homes, Workington

robinson+co have acted as accountants for both me and my Limited Company for a number of years, and are without doubt the most reliable, professional and cost effective firm I have ever used.

Paul Blamire - Everhaven Data Solutions Limited

robinson+co is registered to carry on audit work in the UK and Ireland and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales.

robinson+co is a trading name of robinson+co (Gosforth) Limited registered in England & Wales 08088245. Registered office Oxford Chambers, New Oxford Street, Workington CA14 2LR. Regulated by the Institute of Chartered Accountants in England & Wales for a range of investment business activities.
robinson+co Financial Services Limited is registered in England & Wales 07272147. Registered office Oxford Chambers, New Oxford Street, Workington CA14 2LR. Authorised and regulated by the Financial Conduct Authority firm number 597189.

Professional indemnity insurance

The firm's professional indemnity insurance policy is provided by Liberty who may be contacted via Bluefin Professions at Castlemead, Lower Castle Street, Bristol BS1 3AG. The policy applies to claims wherever made outside the United States or Canada, based on acts, errors or omissions occurring anywhere in the world.

robinson+co Financial Services Limited's policy is provided by Collegiate Management Services Limited and can also be contacted via Bluefin Professions.

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