Northern Star Awards

AECC, Aberdeen, Thursday 27th September 2018
Pictured left to right is Phil Anderson (Phil Anderson Financial Services) receiving the Staff Member Award from Amanda McCulloch (Thorpe Molloy Recruitment) at the Northern Star Business Awards 2018 at the AECC
Picture by Euan Duff / Abermedia

Phil Anderson Financial Services are celebrating after picking up another award at this years Northern Star Awards. The firm won in the “Staff Matter” category beating off stiff competition from the other finalists who were Marathon Oil and Bon Accord Care. Commenting on the award Managing Director Phil Anderson said “It is a great honour for us to win such a prestigious award. I have always believed that if we look after our staff they will in turn look after our clients. The way the business has gone in the last year and the number of testimonials and referrals that we recieve supports this. I would like to thank all our staff for their efforts and also thank Thorpe Molloy Recruitment who sponsored the award.”

Photo – Winner of the Staff Matter Award Phil Anderson of Phil Anderson Financial Services Ltd with sponsor Amanda McCulloch of Thorpe Molloy Recruitment Ltd.

Phil Anderson Announces Further Team Expansion

We are delighted to welcome Kenny Graham to the team as a mortgage and protection adviser. Kenny brings with him a wealth of business experience and we are sure that he will be a great addition to the business.

Commenting on the appointment Phil Anderson, Managing Director of Phil Anderson Financial Services said: “We are making good progress with our business strategy, and we have a determined and strategic focus to expand further over the next few years. Last year we arranged almost 300 mortgages and this year we expect this to grow to over 400. The appointment of Kenny will help us provide a better service to new and existing clients.”

Phil Anderson Financial Services has been providing financial planning advice to individuals and businesses since 2011. The company is one of the largest independent financial advisory firms in the north-east specialising in pension, investment and mortgage advice. Last year the firm was named Employer of the Year at the Pride of Aberdeen Awards.

Oldmeldrum Charity Open

We are delighted to once again sponsor the Oldmeldrum Golf Club charity open which was held recently. This is the third year that we have sponsored the event. This year £500 was raised which was donated to our nominated charity which was Children 1st who support survivors of abuse, neglect, and other traumatic events in childhood. We have sponsored this event now for the last three years and it is great to see Children 1st benefit from this.In the past the event has raised money for Anthony Nolan, Diabetes Scotland and the Gathimba Edwards Foundation.

Phil Anderson shortlisted for Northern Star Business Award

Phil Anderson Financial Services has been named as a finalist in the prestigious 2018 Northern Star Business Awards in recognition of the way in which the company excels in looking after its employees.

The financial advisory firm has been shortlisted in the Staff Matter category alongside Bon Accord Care and Marathon Oil UK. Organised by Aberdeen & Grampian Chamber of Commerce, the Northern Star awards celebrate the achievement of companies of all sizes and across all sectors for exceptional accomplishments across a range of business-related fields.

Phil said he was delighted that the company, which has seven employees, had been shortlisted for an award which focuses on staff.

“We are a relatively small and young company so to be named as a finalist alongside such strong and much bigger contenders is a huge honour,” he said. “I think it confirms that it doesn’t matter how big the company, staff very much matter, and I’m really pleased this awards recognises that.

“We have seen year on year growth since the company started in 2010 and the past few months have been the busiest and most successful ever for the business. I firmly believe that is down to the hard work and contribution of the people who work here. We couldn’t have achieved that without them and being able to acknowledge and reward that and to say thanks for the benefits that brings to our clients is what makes being in business worthwhile.”

The company has introduced a wide range of incentives and benefits for staff, both team-related and individual, flexible working practices such as home working and a training and development programme to support and encourage both personal and professional development.

Company successes are also shared by the team through social activities and in December 2017, Phil fulfilled his commitment to give the staff a Christmas night out to remember if they met their targets by personally funding a five-day all expenses paid trip to New York. Earlier this year, he rewarded his longest-serving employee, office manager Becky Shiel, for her support by making her a company director and gifting her a 5 percent share of the company.

Phil started up his own independent financial advisory business after being made redundant in 2010. The company now has a full-time staff of seven and provides personal financial advice to more than 1,200 clients in Aberdeen, Aberdeenshire and North Scotland. Headquartered in Ellon it also has satellite offices in Aberdeen, Caithness, Westhill, Inverurie, Newmachar, Peterhead and Fraserburgh.

It has already won a number of awards. Phil Anderson Financial Services was named Best Independent Financial Adviser in Scotland in the 2017 International Finance Awards and Phil was named Employer of the Year at the 2017 Pride of Aberdeen Awards. Financial Adviser Ryan Yule was named 2017 UK Pension Adviser of the Year in the national Financial Monthly Awards.

Becky Shiel appointed director at Phil Anderson Financial Services

Phil Anderson, owner of award-winning Phil Anderson Financial Services, has recognised the contribution his longest serving employee has made to the Aberdeenshire company’s success by appointing her company director and gifting her five percent of his company.

Becky Shiel started working for Phil seven years ago as a part-time administrator. As work became busier she took on the role of full-time administrator before being appointed office manager just over two years ago.Becky becomes the company’s second director with immediate effect. Her five-per-cent share of the company will entitle her to annual dividends and to a share of the proceeds if the company is ever sold. “Becky has been with the company right from the start,” said Phil. “She started working for me on her birthday in March 2011 and she’s been my right arm ever since. She’s very efficient, has a fantastic work ethic and knows as much about the company as I do. She keeps me right a lot of the time and I know that I can trust her implicitly to look after things if I’m not here. “The company has seen year on year growth since launch and Becky has been a huge part of that. I wanted to do something special to recompense her for the work which she’s done to build up the business. I thought this was a way to show her how much she is valued and how much I appreciate everything she has done to help me.”

Becky said she was shocked when Phil told her what he was doing. “It came as a complete surprise,” she said. “It certainly wasn’t anything I was expecting or had ever asked for so once I got over the shock I was delighted with such a generous gesture. From the day I started working for Phil I treated it as though it was my own business because I really cared about it and wanted it to do well. “Phil has been a great boss over the years and we’ve established a really good working relationship. I’m always honest with him if he asks my opinion about anything and he’s always prepared to take other views into account.”

Phil started up his own independent financial advisory business after being made redundant in 2010. He initially operated as a sole trader before registering the company in 2011. Headquartered in Ellon, the company now has satellite offices in Aberdeen, Caithness, Westhill, Inverurie, Newmachar, Peterhead and Fraserburgh. It has a full-time staff of seven and works with two self employed financial advisors to provide personal financial advice to more than 1,200 clients in Aberdeen, Aberdeenshire and North Scotland. Services include advice on investments, pensions, savings, mortgages and insurance.

Phil Anderson Financial Services was named Best Independent Financial Adviser in Scotland at the 2017 International Finance Awards and Phil was named Employer of the Year at the 2017 Pride of Aberdeen Awards. Financial Adviser Ryan Yule was named 2017 UK Pension Adviser of the Year at the Finance Monthly Awards.

Pictured:Phil Anderson and Rebecca Shiel Copyright Michal Wachucik / Abermedia

Support for Mortgage Interest (SMI)

Please be aware that Support for Mortgage Interest (SMI) is changing. From 5 April 2018, it will no longer be a benefit that can be claimed, but instead paid as a loan.

Those currently claiming SMI should have received a letter from the Department for Work and Pensions. There will be no automatic conversion – all SMI will stop being paid on 5 April. Claimants will need to have completed a loan agreement if they wish to continue receiving SMI.

SMI is paid on loans up to £200,000, but this is reduced to £100,000 when individuals are getting pension credit, or started getting another qualifying benefit before January 2009.

The SMI loan is repayable, with interest, upon the sale of the property, transfer of ownership or death.

Further information is available from GOV.UK and The Money Advice Service.

Scottish Budget Update


The draft Scottish budget has been announced in Edinburgh by Derek Mackay, Cabinet Secretary for Finance and the Constitution.

The main announcement for Scottish resident taxpayers was the creation of two new income tax bands as outlined below. These bands only affect non-savings, non-dividend income e.g. salaries, trading profits and pension income. The various allowances and taxation of savings and investment income are reserved matters.

– The basic rate of income tax has been frozen at 20p, but a new intermediate rate of 21p will be established for those earning between £24,000 and £44,290

– A new Scottish starter rate will be introduced, meaning earnings between £11,850 and £13,850 will be taxed at 19%

– The higher and additional rate of tax will be increased by a penny to 41p and 46p, respectively

– Combined, these changes mean those earning under £26,000 will pay marginally less tax than elsewhere in the UK, while tax will not change for those earning less than £33,000

The main announcement that will impact on housing was that Land and buildings transaction tax (formerly stamp duty) will not apply for first-time buyers for properties under £175,000. Mr Mackay also announced that £756m will be allocated as part of the wider £30bn investment for building affordable homes.

NS&I puts fixed term Bonds back on sale


National Savings and Investments (NS&I) has reintroduced 1-year and 3-year Guaranteed Growth Bonds and Guaranteed Income Bonds to general sale.

Guaranteed Growth Bonds and Guaranteed Income Bonds have not been on general sale since 2009 but both 1 and 3-year Guaranteed Growth Bonds and Guaranteed Income Bonds will now be available to purchase online-only through

The Bonds can be managed online, by phone and by post and will be open to people aged 16 and over; with a minimum investment of £500 and a maximum limit of £1 million per person per Issue.

The 1-year Guaranteed Growth Bond will pay an interest rate of 1.50% gross/AER, while the 3-year Bond will pay 2.20% gross/AER.
Investment limits apply: minimum of £500 and maximum of £1 million per person per Issue.

The 1-year Guaranteed Income Bond will pay an interest rate of 1.45% gross/1.46% AER, and the 3-year rate is priced at 2.15% gross/2.17% AER.
Investment limits apply: minimum of £500 and maximum of £1 million per person per Issue.

Budget Update


Philip Hammond has delivered his second Budget as chancellor. Here are some of the key points of his speech that impact on the finances of those in Scotland –

Tax-free personal allowance on income tax to rise to £11,850 in April 2018. Higher-rate tax threshold to increase to £46,350.

After years of hikes, the Individual Savings Account (ISA) allowance for 2018/19 is to be frozen at £20,000. The annual subscription limit for Junior ISAs and Child Trust Funds for 2018-19 will be increase in line with CPI to £4,260.

Stamp duty to be abolished immediately for first-time buyers purchasing properties worth up to £300,000 does not apply in Scotland however this will increase the pressure on the Scottish Government to re-examine its equivalent, Land and Buildings Transaction Tax.

Mr Hammond gave local councils the ability to increase the council tax premium on empty homes from 50% to 100%.

The Chancellor also announced a freeze on whisky duty, which will be welcomed north of the border, and a tax break for transfers of oil and gas fields in the North Sea. The latter policy will kick in from November 2018, with the hope that it will encourage new investments in the struggling industry.

Phil Anderson sponsors Scottish Indoor Bowling teams

Scottish Indoor Bowling Ladies Test Team 2017

We are delighted to now be sponsoring the Scotland Indoor Bowling team for the 2017 test matches against England. As part of the partnership, our logo will feature on the Scotland shirts.
Phil Anderson, Managing Director at Phil Anderson Financial Services said: “We are delighted to be involved with the Scotland team. It was great seeing the ladies in action on ITV4 last week and I am looking forward now to the men’s event this week. It was great seeing the company name on the shirts and the ladies team did very well defeating England 6-5. Hopefully the men can follow this up with more success.”

Following on the back of the success of the Scottish Indoor Bowling Ladies Test team in their match against England, the men will take centre stage next week at New Earswick Indoor Bowling Club in York on Wednesday 11th and Thursday 12th October. This match has been highly anticipated with an array of World Champions on display. The format of the Match will be sets play with 2 Triples and 3 Pairs Matches on the first day followed by 6 Singles matches on the second day.

This is the fifth year of this event with Scotland having won three of the previous four stagings of the match.
Scotland currently hold the David Bryant Cup after their win against England last year which was completed early on Day Two of the event.

The Gents Test Match will be live on ITV4 over the 2 days from 10am to 5.30pm.

The Teams for the Test Match are as follows –

England Team
Nick Brett (Huntingdon), Jamie Chestney (Exonia), Mark Dawes (Blackpool Newton Hall), Greg Harlow (City of Ely), Rob Paxton (Taunton Deane) and Jamie Walker (Kingsthorpe)

Scotland Team
Stewart Anderson (Blantyre), Ronnie Duncan (Midlothian), Paul Foster MBE (Prestwick Ambassador), David Gourlay (Prestwick Ambassador), Alex Marshall MBE (East Lothian), Colin Walker (Midlothian). Alex Marshall will also act as the Team Manager for this event.

A spokesman for the Scottish Indoor Bowling Association said “the SIBA are delighted to welcome Phil Anderson Financial Services as sponsor for this team and we are pleased to see him add to his growing portfolio of support he gives to the sport.”