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Using Equity Release in Retirement

 Fiducia Wealth Management Posted in Financial Planning, Equity Release (+4 more), on 21.07.24 Read

Please Note: We are not mortgage professionals, which is a separate profession in its own right and only some of them advise on Equity Release. Therefore, this article is not intended as advice and should not be acted upon as such. Instead, we can refer you to suitably experience and qualified professionals who we can work with to tailor your financial plan.  

Your home is likely one of your largest assets....

Paying Off Mortgage Faster By Overpaying

 Fiducia Wealth Management Posted in Financial Planning, Financial Advice (+1 more), on 14.07.24 Read Paying off your mortgage can enable you to reduce work commitments, gain greater flexibility with retirement goals and remove what can be an emotional burden. This article looks at ways of accelerating mortgage repayment and the benefits of doing so.  

 

Benefits of Paying Your Mortgage Off Early 

Getting mortgage-free faster has several appealing advantages: 

 

Pay less interest over the loan term – 10...

Succession Planning: Ensuring a Smooth Transition for Your Property Portfolio in the UK

 Fiducia Wealth Management Posted in Financial Planning, Residential Nil Rate Band (+11 more), on 04.07.24 Read In the UK, property ownership is a significant component of many individuals’ portfolios, so it is essential to have a well-thought-out strategy in place to ensure a smooth transition while minimising the potential tax burden.  

Inheritance Tax (IHT) is a key consideration in this process, and not planning ahead can result in significant financial implications for your beneficiaries.  

In this article, we...

Managing Finances as a One-Person Business

 Fiducia Wealth Management Posted in Corporation Tax, Financial Planning (+6 more), on 05.07.24 Read A “solopreneur” has to wear many hats. Successfully juggling all the accounting, tax, banking, and cash flow elements is critical. This guide covers key financial tools and tips for effectively managing the money side of a one-person UK business. 

 

Choosing the Right Business Structure 

Your business structure impacts everything from legal liability to taxes, so picking the right one is key: 

Sole Trader

Reducing Your Tax Burden: Tax Planning Strategies for Business Owners

 Fiducia Wealth Management Posted in Financial Planning, BPRA (+7 more), on 28.06.24 Read For business owners in the UK, taxes can often be one of the largest expenses incurred. From corporate tax, to VAT, to personal income tax and National Insurance contributions, the various tax liabilities can quickly add up to a sizable amount every year. That’s why it’s absolutely essential for business owners to take advantage of legitimate tax planning strategies and deductions to minimise their tax payment...

Financial Advice for Property Investors?

 Fiducia Wealth Management Posted in Financial Planning, BPRA | Inheritance Tax | Fiducia Wealth Management (+4 more), on 10.06.24 Read

Personal financial planning entails the development of a plan to meet your financial objectives, such as gaining the ability to retire at a certain age, protecting against morbidity and mortality risks or succession planning.  

Who Needs Personal Financial Advice?  

While everyone can potentially benefit from professional financial advice, it is particularly valuable during major life transitions and...

Should You Pay for Financial Advice?

 Fiducia Wealth Management Posted in Financial Planning, Wealth Management on 21.06.24 Read Seeking professional financial advice is often a worthwhile investment for your money. While it does involve fees, the potential benefits tend to outweigh the costs. What are those benefits? 

 

Gain Expertise  

A financial adviser brings specialised knowledge and experience to the table. They stay up-to-date on changing tax laws, pension rules, investment products and more. Their expertise can help you...

How to Save More Money Each Month

 Fiducia Wealth Management Posted in Financial Planning, Financial Advice (+3 more), on 14.06.24 Read Building your wealth takes consistent effort, but regular investing is one of the best things you can do to secure your financial future. Whether saving for an emergency, down payment, or investing for retirement, finding ways to save a little more each month makes for a significant long-term impact.

Follow these practical strategies to increase your monthly savings. 

 

Review and Reduce Household Expenses 

How Rising Interest Rates Affect Your Finances

 Fiducia Wealth Management Posted in Financial Planning, Financial Advice (+4 more), on 31.05.24 Read The sharp increase in food and energy prices has made inflation a talking point, and a concern, across the nation. We look at the impact of inflation upon your finances. 

When inflation increases, the Bank of England increases their interest rate. Because banks borrow from them, they have to pass this on. This increases the cost of borrowing, encourages saving and reduces economic activity.
 

Secured Debt 

How to Consolidate Multiple Pensions

 Fiducia Wealth Management Posted in Financial Planning, Financial Advice (+6 more), on 07.06.24 Read Over a career it is common to accumulate multiple pensions with different employers and providers. Multiple pension policies increase personal administration and make retirement planning challenging to monitor.  

This guide will walk through the consolidation process and key considerations when combining your UK pensions. 

Why Consolidate Your Pensions? 

There are several advantages to consolidating multiple...

Common Retirement Planning Mistakes to Avoid

 Fiducia Wealth Management Posted in Financial Planning, Final Salary Pensions (+7 more), on 24.05.24 Read Retirement is not what it used to be. Historically, someone would retire in their sixties and receive a state pension, a one-off tax-free lump sum and a private guaranteed pension, for life.  

With many final salary pensions being wound up or being replaced by defined contribution alternatives, this has pushed people into planning their own retirement without providing them with the advice and support to...

Financial Red Flags in a Relationship

 Fiducia Wealth Management Posted in Financial Planning, Financial Advice (+2 more), on 20.05.24 Read There is little financial “training” around money in the UK. This absence promotes a lack of planning. Poor behaviour around money can seriously impact current financial stability and future wealth.  

We are not relationship counsellors. Instead, we like to think of ourselves as “money coaches” because we focus on having a positive financial relationship with money. Here are some examples of both good...

Improving Cash Flow for Small Business Owners

 Fiducia Wealth Management Posted in Corporation Tax, Financial Planning (+7 more), on 10.05.24 Read Maintaining steady cash flow is imperative for any business, but especially small companies with limited financial cushions.

When cash gets tight, it impacts your ability to cover payroll, pay vendors on time, and fulfill other obligations. By regularly monitoring cash flow and taking steps to control it, UK small business owners can improve financial stability.

 

Know Your Cash Flow Position

You can’t manage...
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