Fiducia Wealth Management
Posted in Fiducia News, Pensions & Retirement on 16.12.11


Small pot commutation rules which currently apply to occupational pensions are to be extended to individual pensions.  Undercurrent rules an individual can take their pension entirely in cash (some of which is taxable) if the total value of all pensions does not exceed£18,000.   The extension to the triviality provisions will allow individuals to commute to cash pension pots of up to £2,000 regardless of the value of other pension arrangements but the rules will only apply to up to two such commutations in a lifetime.

Life Assurance Tax Relief:

The Government has put forward proposals to end Life Assurance Premium Tax Relief.  People paying in to qualifying policies commenced before 1984 currently receive 12.5% tax relief on premiums.  It is estimated that scrapping the relief could affect up to 1.5million policyholders, many of whom will be retired and on low incomes.

Exam Success:

Congratulations to Angelique who has passed the final part of her Regulated Diploma in Financial Planning.  This will be the benchmark qualification for advisers from 2013 and demonstrates Angelique’s technical expertise and continuing professional development.

Sarah has passed the Chartered Insurance Institute paper in Long Term Care planning,which is a specialist qualification required to be able to advise in this field.


If you would like to know more about us and how we as Financial Advisers can help you manage your financial affairs visit our home page: Home Page or send us email at: [email protected]

The information contained in our website is for guidance only and does not constitute advice which should be sought before taking any action. The information is based on our understanding of legislation, whether proposed or in force, and market practice at the time of writing. Levels, bases and reliefs from taxation may be subject to change. Accordingly, no responsibility can be assumed by Fiducia Wealth Management Limited, or any associated companies or persons, its officers or its employees, for any loss occurred in connection with the content hereof and any such action. Professional financial advice is recommended for every case.

Fiducia is a multi award-winning firm of Financial Advisers based in Dedham near Colchester situated in the heart of Constable Country on the Essex Suffolk border.

Fiducia Wealth Management Ltd. Dedham Hall Business Centre, Brook Street, Dedham, Colchester, Essex, CO7 6AD.

Fiducia Wealth Management Ltd. is authorised and regulated by the Financial Conduct Authority. FCA No. 408210

Fiducia Wealth Management
Posted in Fiducia News, Pensions & Retirement on 16.12.11