2018/19 tax changesPosted in Tax Planning on 04.06.18 Read New initiatives you need to know It’s important to consider the tax implications of making financial decisions. The 2018/19 tax year is now upon us, and a raft of new changes have come into force. The good news is that the overall tax burden is little changed for basic-rate taxpayers, but there are number of areas that have changed that should be taken note of.
The beginning of a new chapter for FiduciaPosted in Fiducia News on 30.05.18 Read Gordon Kearney promoted to Managing Director of Fiducia Fiducia Wealth Management is delighted to announce the promotion of Gordon Kearney to the position of Managing Director which follows John Millican’s decision to step down and become Executive Chairman.
Venture Capital TrustsPosted in Tax Planning, VCT & EIS on 21.06.18 Read Expansion and diversification of a portfolio, supplementing a pension or benefiting from tax relief are all good reasons to consider Venture Capital Trusts (VCTs).
Fiducia Charity Challenge 2018Posted in Fiducia News on 22.05.18 Read We are delighted to be once again hosting the Fiducia Charity Challenge on Thursday 21st June The annual event brings together a number of local corporate partners to take part in some fun games and networking – in support of two very worthwhile charities.
Offshore assets – Anything to declare?Posted in Tax Planning on 04.06.18 Read Deadline of 30 September 2018 for “Requirement to Correct” (RTC) for undeclared UK tax liabilities on offshore assets as tough new penalties introduced.
New lease of lifePosted in Pensions & Retirement on 13.04.18 Read Pensioners embracing the benefits of retirement and new-found time As with any new life stage, planning often helps a smooth transition from the old to the new. Preparing properly for anything new requires planning and commitment. Spending time on planning now will ensure you enjoy the retirement you’ve worked hard to achieve.
Market mattersPosted in Fiducia News, Investing on 13.04.18 Read Don’t let current global uncertainties affect your financial planning It’s important not to let current global uncertainties affect your financial planning for the years ahead. People who stop their investment planning, particularly during market downturns, often miss out on opportunities to invest at lower prices.
Wealth preservationPosted in Inheritance Tax on 04.04.18 Read Reducing Inheritance Tax means taking action now Without professional advice and careful financial planning, HM Revenue & Customs (HMRC) can become the single largest beneficiary of your estate following your death.
ISA returns of the yearPosted in Financial Advice, ISA's (+3 more), on 15.03.18 Read Taking control over where your money is invested tax-efficiently A new tax year is nearly upon us – and that means for all diligent savers and investors, you should make sure that you take full advantage of your current Individual Savings Account (ISA) tax-efficient allowance.
Award Winners!Posted in Fiducia News, Financial Advice on 02.03.18 Read Fiducia Wealth Management are delighted to have been awarded Adviser of the year (East Anglia and the Midlands) at the Professional Adviser Awards 2018.
Will you make provision for all those you hold dear?Posted in Fiducia News, Financial Advice (+1 more), on 08.03.18 Read Getting your affairs in order and planning what you want to pass on to loved ones Writing a will may seem daunting, and with everything else we should be thinking about it becomes just another chore on the to-do list. It’s especially important for cohabitating couples to have a will, as the surviving partner does not automatically inherit any estate or possessions left behind.
Savings income doesn’t need to be taxing, but it might be taxed!Posted in Fiducia News, Financial Advice (+3 more), on 31.01.18 Read Prior 6 April 2016 savings from bank and building society accounts were taxed automatically at the basic rate of income tax meaning that for basic rate tax payers there was no further tax to pay…….simple!
Q&A: Veritas Asian FundPosted in Fiducia News, Fund Manager Q&A (+1 more), on 21.12.17 Read Fund Managers at Veritas answer four questions from our investment team about their fund and its performance, introducing the fund to investors.
New Member of ResolutionPosted in Fiducia News, Pensions & Divorce on 10.12.17 Read Resolution, which was formerly known as the Solicitors Family Law Association (SFLA)
Pre-Nuptial AgreementsPosted in Guest Editor on 29.11.17 Read There can be little doubt that a pre-nuptial agreement is the very antithesis of romantic gesture. Not for the faint-hearted are the words ‘I love you but if we divorce I don’t want to share with you’.
Protect the things that mean the most to youPosted in Protection on 29.11.17 Read The lifestyle of our loved ones may be seriously compromised if we die. However, very worryingly, more than 2.4 million cohabiting families across the UK – the fastest-growing family type in the country – do not have life insurance, potentially leaving their loved ones open to financial problems once they pass away, according to new analysis.
Inheritance Tax- The Residence Nil Rate Band (RNRB)Posted in Inheritance Tax, Discounted Gifts (+2 more), on 26.10.17 Read
The 2015 Summer budget announced the introduction of the residence nil rate band for inheritance tax. This measure introduces an additional nil-rate band when a residence is passed on death to a direct descendant. This is in addition to the standard Inheritance Tax Nil Rate Band (NRB) of £325,000 per person and is designed to give a married couple a combined IHT free amount of £1m on death from 6th April...
The 2017 Autumn StatementPosted in Fiducia News on 24.11.17 Read Philip Hammond’s first Autumn budget could be described as one for the “millennial” generation, with a clear focus on attempting to solve the UK housing shortage.
Q&A: Schroders Income FundPosted in Fiducia News, Fund Manager Q&A on 23.11.17 Read Fund Managers at Schroder answer four questions from our investment team about their fund and its performance, introducing the fund to investors.
Your wealth. Your legacyPosted in Inheritance Tax, Discounted Gifts (+1 more), on 17.01.18 Read If you have significant assets, you may be wondering whether Inheritance Tax (IHT) affects you. Worryingly, some families appear to be shying away from difficult conversations, as almost half (47%) of UK adults say they have never discussed inheritance matters, according to new research.
Market sentimentPosted in Investing on 17.01.18 Read It is impossible for investors to predict the future. Short-term losses can be unsettling, but holding steady through the ups and downs is the best way to reach your long-term investment goals. A key to successful investing is to remain focused on your long-term objectives and not let short-term trends distract you. Holding onto your investments when times get tough is a proven strategy for staying on track.
Don’t worry, be happyPosted in Pensions & Retirement, Pension Contributions on 04.02.17 Read It is impossible to consider retirement, and our experience of it, without also considering how we’ll pay for it. But almost 30% of people over the age of 55 are unsure if they will be able to retire on their current savings, according to new research.
Defined Benefit Pension SchemesPosted in Final Salary Pensions, Pensions & Retirement on 20.10.17 Read For those individuals who have been lucky enough to benefit from the Final Salary (Defined Benefits) pensions framework during their careers (known as “members” from here on in), there are some potentially difficult decisions to make regarding how and when they choose to access their benefits.
Deferring State PensionPosted in Fiducia News, Pensions & Retirement (+1 more), on 11.10.17 Read
The new rules of deferring your pension
If you are retiring after April 6, 2016 and decide not to claim your state pension immediately, when you finally do the amount you receive will be increased.
The amount of the increase is 1% for each nine weeks you defer, therefore, a deferral for one year would enhance a pension by just under 5.8%. A full state pension of £159.55 would increase over the year by £9.22 a...