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Bite sized bits – Inheritance Tax (IHT)

 Fiducia Wealth Management Posted in Financial Planning, Financial Advice (+3 more), on 15.08.23 Read IHT stands for Inheritance Tax and is a tax that is levied on the estate of deceased individuals in the UK. The tax is based on the value of the assets that are left behind by the deceased, including property, savings, investments and possessions.

The current threshold for Inheritance Tax is £325,000, which means that if the value of the estate is below this amount, then no tax is payable. However, if the value...

Developments in Dedham – August 2023

 Fiducia Wealth Management Posted in Fiducia News, Awards (+1 more), on 03.08.23 Read We hope this message finds you well. It’s been some time since our last update, so we wanted to provide an overview of the key developments and activities happening at Fiducia.

In alignment with our mission to be a disruptive, growth-oriented company making a difference for clients and our local community, we have made great progress on multiple fronts.

We are pleased to welcome three new team members – (from...

Is An Interest Rate Rise Good For You?

 Fiducia Wealth Management Posted in Financial Planning, Fiducia News on 03.08.23 Read The Bank of England raised interest rates to 5.25% on Thursday 3rd August 2023, that’s now the 14th consecutive month that rates have risen. Ahead of the monetary policy decision, Fiducia Co-Owner and Chartered Financial Planner Susie Laws was asked to make several appearances on the BBC.

First up was an appearance on BBC 5Live’s radio program with Nicky Campbell. The debate throughout the show heard the audience...

5 reasons to have a Financial Adviser

 Fiducia Wealth Management Posted in Financial Planning, Final Salary Pensions (+8 more), on 31.07.23 Read In today’s uncertain and volatile economy, succumbing to financial stress has become all too common. In such a scenario, having a financial adviser in the UK is becoming increasingly essential. Financial advisers are professionals who can provide you with practical advice and guidance on all aspects of finance, including investments, savings, mortgages, and retirement planning. 

 

Below we highlight 5 reasons...

Bite sized bits – Retirement Needs

 Fiducia Wealth Management Posted in Financial Planning, Financial Advice (+2 more), on 24.07.23 Read Retirement is a crucial stage in life that requires careful planning and preparation. It’s a time when you are no longer working, and your income may decrease, but your expenses may increase. Therefore, it’s essential to plan for your retirement needs in advance to ensure you have enough money to support your lifestyle.

 

1. Living Expenses 

Living expenses are the most significant retirement need that you need...

Understanding Business Relief

 Fiducia Wealth Management Posted in Financial Planning, Tax Planning (+2 more), on 17.07.23 Read Business Relief (BR), formerly known as Business Property Relief (BPR) is a tax relief in the UK that can help to reduce the Inheritance Tax (IHT) liability on a business owner’s estate when they die. BR was introduced to encourage entrepreneurship and to ensure that family businesses and other businesses can continue to operate after the death of the owner. 

BR is available at two rates: 100% relief and 50%...

How to reduce your income tax bill

 Fiducia Wealth Management Posted in Financial Planning, Annual Allowance (+5 more), on 10.07.23 Read Income tax is a necessary component of living and working in the UK, but it can also be a significant expense. There are, however, ways to reduce your income tax bill and keep more of your hard-earned money.

Here are some strategies to consider:

1. Make use of tax-free allowances: There are a number of tax-free allowances available in the UK that can help reduce your income tax bill. These include the personal...

Using Pensions & ISAs to provide liquidity in times of property market stress

 Gordon Kearney, Managing Director & Financial Adviser Posted in Financial Planning, Financial Advice (+4 more), on 23.06.23 Read The property market can be unpredictable at the best of times, and during times of stress, it can be difficult to liquidate property assets quickly. However, pensions and ISAs (Individual Savings Account) can provide liquidity and different tax benefits during these times, alongside any property investments, making them a valuable tool for investors to consider.

During the property market selloff of 2007/08 ,...

Q&A with Economist and Fiducia Consultant Michael Hughes

 Fiducia Posted in Investing, Fund Manager Q&A (+4 more), on 09.05.23 Read During a busy period despite the 2022/23 Tax Year ending, our team managed to catch up with leading Economist and consultant to the Fiducia Investment Committee, Michael Hughes in a live Q&A.

Michael shared his thoughts on current economic events, financial market performance and areas of interest when seeking future investment success.

You can watch the Q&A by clicking the button below.

***UPDATED*** After the UK Budget, should I pay into my pension again?

 Susie Laws, Director & Chartered Financial Planner Posted in Financial Planning, Financial Advice (+6 more), on 22.03.23 Read “Following the budget, should I pay into a pension again? And what about if I have existing transitional LTA protection”

These are questions that I have been asked a few times since Wednesday!

In short, there is no simple answer and it will depend on a number of different things, such as; your circumstances; what your longer term goals are with regards to your pension funds; affordability and so on.

For...

Do you need a Trust to protect your wealth?

 Fiducia Posted in Financial Planning, Bare Trusts (+7 more), on 22.03.23 Read Determining whether you need a trust requires careful consideration of your personal and financial circumstances. In this article we explain what Trusts are, what trusts are available and how you can go about setting one up…should you feel it is the right route to go down to protect your wealth.

Under no circumstances are we suggesting you use the information within this article as advice to set up a Trust to...

Silicon Valley Bank Failure

 Fiducia Wealth Management Posted in Fiducia News on 13.03.23 Read

On Wednesday 8th March, Silicon Valley Bank (SVB) informed the markets of its $2 billion shortfall of capital. Within 48hrs, US regulators had closed the bank due to a run by depositors to withdraw funds.

Our Economist, Michael Hughes, has provided the following comment:

This is another example of the distortions caused by zero interest rate policies for many years. That policy encouraged investing in risky...

Austyn Johnson – Helping your children to buy property? No cash? No problem!

 Guest Editor Posted in Financial Planning, Financial Advice (+1 more), on 06.03.23 Read When it comes to helping your children hop up onto the property ladder, it’s always been the same, ‘give them some money’. But what does that really mean? Well, put frankly, it means you give them money you know you’ll never see again!

In a period where the cost of living crisis is taking hold for many and cash isn’t as readily available as it once was, what if there was a way to help your children onto...

Be More Tax Aware

 Fiducia Wealth Management Posted in Corporation Tax, Financial Planning (+15 more), on 02.03.23 Read It’s not exactly a huge secret…but the end of the 2022/23 tax year is fast approaching. What can you do to ensure you are making best use of the allowances afforded to you by HMRC in the UK?  

According to Gov.uk, HMRC collected £715.5 billion in taxes in 2021 to 2022, an increase of 22.5% from the year before. There’s no denying that’s a huge sum of money. Whilst taxes must be paid, there are ways...
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