Fiducia Wealth Management

We set out the key points from the Chancellor’s latest Autumn Statement and Spending Review, together with full detail and analysis in our Autumn Statement document.

Key points:

  • The planned tax credit cuts have been abandoned following wide criticism and rejection by the House of Lords.
  • Spending cuts are to continue, however, policing, health, education, international aid and defence budgets will be protected.
  • The NHS is to receive a cash injection of £6billion next year.
  • Social care “precept” of up to 2% in Council Tax to be used to fund social care.
  • Basic state pension to increase to £119.30 per week next year and the full rate for the new state pension for those claiming it from April 2016 will be £155.65.
  • A 3% surcharge on stamp duty for buy-to-let and second homes is to be introduced from April 2016.
  • In the absence of inflation, the ISA annual allowance is to remain at the current level of £15,240.
  • The dates for contribution rate increases under auto-enrolment pension schemes are to be pushed back 6 months to align them with tax years.

For full detail of the budget please download the document below.  Should you wish to discuss how any of the announced changes could affect your financial position, please do contact us.

 

 

If you would like to know more about how we as Financial Advisers can help you set, plan and achieve your financial goals then financial planning section of  our website: Financial Planning or send us email at: email@fiduciawealth.co.uk

The information contained in website is for guidance only and does not constitute advice which should be sought before taking any action or inaction. 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 occasioned in connection with the content hereof and any such action or inaction. Professional financial advice is necessary for every case.

Fiducia are an award winning firm of Financial Advisers based in Dedham near Colchester situated in the heart of Constable Country on the Essex Suffolk border. www.fiduciawealth.co.uk

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