News
Fiducia Charity Challenge supports causes across the border
Posted in Fiducia News on 23.10.18 Read A fundraising challenge event that brought together teams from the financial and legal professions has raised more than £2,000 to support charity work across the Suffolk and Essex borders.Positive outcomes
Posted in Investing on 25.09.18 Read Impact investing without sacrificing returns or profits For those looking to make the world a better place, but not wanting to sacrifice returns or profits, impact investing aims to support a positive social or environmental impact as well as looking to achieve compelling financial returns at the heart of sustainable investing.Financial protection
Posted in Fiducia News, Protection on 27.09.18 Read Families can be left in a precarious situation if the unforeseen were to happen We all intend that our plans will come good. But making sure that you and your family can cope if you fall ill or die prematurely is something we can too easily put to one side. In particular, a recent study identified that financial protection is something that millions of parents in the UK, and their families, could benefit from.Seize The Day – Today
Posted in Fiducia News, Pension Contributions (+1 more), on 01.11.18 Read Make your vision a reality Exactly how much you’ll need for a comfortable retirement will depend largely on your cost of living and lifestyle choices. For many people, retirement is about sun-soaked holidays, leisurely rounds of golf and that boat they’ve always coveted.Later Retirement
Posted in Fiducia News, Pension Contributions (+1 more), on 25.09.18 Read Workers extend their careers for a multitude of reasons When do you plan to retire? Saving for your retirement is a lifelong undertaking – and if you want to enjoy a comfortable retirement, you can’t start planning soon enough. The more you contribute to a pension now, the better chance you’ll have of that money growing and funding your retirement in later life.Fiducia Charity Challenge – Essex Community Foundation
Posted in Fiducia News on 30.07.18 Read It has been a busy few weeks at Fiducia. Here are just some of the many highlights…When can I afford to retire?
Posted in Fiducia News, Pensions & Retirement on 30.08.18 Read Will I have enough money in retirement? How much do I need to retire? State Pension will cover my expenses. Won’t it?Averting a later-life financial crisis
Posted in Fiducia News, Pensions & Retirement on 30.08.18 Read More retirees drawing pensions without LPAs People are generally living longer these days. Increasingly, more people are living well into their 80s and 90s – and some even longer. This may mean you have a long time to budget for. That’s why it is very important to consider all of your options carefully and think about what will matter to you in retirement.When I’m gone
Posted in Financial Advice, Wealth Management on 30.07.18 Read How a simple list can help your loved ones after your death Although it may not feel like it, your family finances are probably more precarious than you think. It’s all well and good when the breadwinners are healthy and working, but if something unfortunate were to happen, the outlook for those around you could change instantly.To transfer, or not to transfer?
Posted in Fiducia News, Pensions & Retirement on 30.07.18 Read More than 100,000 people transferred out of Defined Benefit (DB) pensions in 2017/18[1]. A DB pension scheme is one where the amount you’re paid is based on how many years you’ve worked for your employer and the salary which you have earned.Driving towards the next phase of your life
Posted in Fiducia News, Financial Advice (+1 more), on 30.08.18 Read Getting the date right can help you reach your destination sooner At some point you’ll say ‘goodbye’ to your co-workers, get into your car and drive towards the next phase of your life – retirement. But when will that be? The move to retirement is one of the most important decisions you’ll make, so it’s not surprising that determining the date is harder than you may ever expect.Back to the future
Posted in Fiducia News, Pensions & Retirement on 30.07.18 Read Visualising what really matters to you is the key to the planning process Have you ever thought about writing a letter to yourself to describe your ideal future life, long-term life goals and the process of how to plan for them? Imagining what you want your life to be like in the long term when you retire can help you think much further ahead than you might ever have done before. Research conducted for a new...Fiducia signs up to become a SIFA Professional member
Posted in Fiducia News on 11.07.18 Read Organisation promotes closer working between the financial and legal profession We are delighted to announce that we have signed up to become a SIFA Professional member.Developments in Dedham – August 2023
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?
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
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
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
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
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
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
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?
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?
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
Posted in Fiducia News on 13.03.23 ReadOn 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!
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
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...
Developments in Dedham – December 2022
Posted in Fiducia News, Awards (+1 more), on 09.12.22 Read With Christmas only a couple of weeks away, it’s sad to say this will be our last Developments in Dedham blog for 2022. But fear not, we’ll be back in early 2023 to share all the latest news from our offices with you, our followers, our clients and our friends in business.Time flies when you’re having fun and despite some village confusion with a tree falling down and damaging the church wall, we have been...