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Steps to Take When Managing An Estate

 Fiducia Wealth Management Posted in Financial Planning, Financial Advice (+3 more), on 03.05.24 Read Receiving an inheritance can be a life-changing event that provides you with new opportunities. But it also requires some careful planning and decision making to ensure that this wealth is handled wisely.

Follow these best practices when acting as an executor and beneficiary of a will in the UK.

 

Pay Any Inheritance Tax Due

If the estate exceeds the current inheritance tax (IHT) threshold of £325,000, any...

Inheritance Tax Rules You Should Know

 Fiducia Wealth Management Posted in Financial Planning, Financial Advice (+6 more), on 26.04.24 Read Inheritance tax (IHT) in the UK is a 40% tax on the value of the estate exceeding £325,000 when passed on after death.

Understanding how IHT works and planning accordingly allows your family to maximise the wealth passed tax-efficiently to your heirs. This guide covers the most important IHT rules and exemptions to factor into your estate planning.

IHT Taxable Estate Definition

IHT applies to your total taxable...

Financial Steps When Going Through Divorce

 Fiducia Wealth Management Posted in Financial Planning, Financial Advice (+5 more), on 19.04.24 Read Divorce can be a very difficult time. This makes it all the more challenging to agree a mutually agreeable financial arrangement. We cover the essential financial actions to take when going through a divorce in the UK.

 

1.     Review Personal Finances Thoroughly

Before making any division of assets or financial agreements, comprehensively catalogue all existing assets and liabilities:

Tally all savings in...

The Pros and Cons of Annuities

 Fiducia Wealth Management Posted in Financial Planning, Fiducia News (+6 more), on 05.04.24 Read Annuities allow retirees to receive a guaranteed income for life in exchange for a lump sum payment from your pension fund. Understanding both the potential benefits and limitations of annuities can help UK retirees decide if making them part of their retirement strategy makes sense.

 

What is an Annuity?

An annuity is a financial product issued by an insurance company that provides fixed payments to a...

Financial Planning for Singles vs Couples

 Fiducia Wealth Management Posted in Financial Planning, Fiducia News (+9 more), on 12.04.24 Read Financial planning looks quite different whether you are managing money as a single person or as a couple. From income and living costs to insurance needs, investments, and retirement.

Relationship status impacts many aspects when crafting an effective financial strategy. In this article, we’ll break down the key differences and considerations for singles and couples for major planning areas in the...

Saving for Retirement vs Paying Off Mortgage Debt

 Fiducia Wealth Management Posted in Fiducia News on 27.03.24 Read Common scenarios are a promotion leading to greater surplus income, inheritance, or a noticeable reduction in costs, such as paying off unsecured debt. Whether that newly found surplus income should be allocated to building your retirement fund or eliminating your mortgage sooner is a common financial dilemma.

 

There are pros and cons to each choice depending on your situation. Here is an in-depth look at...

How Inflation Impacts Your Savings & Investments

 Fiducia Wealth Management Posted in Financial Planning, Financial Advice (+3 more), on 26.03.24 Read High inflation has become a growing concern for both consumers and investors in the UK. It has been a prominent subject in the media and has been noticeable at the supermarkets and petrol pumps.

Rising prices erode the purchasing power of money left in savings accounts and impact investment too. So, an understanding of the impact of inflation is key when we are considering wealth creation.

What is Inflation and...

Optimal Asset Allocation in your 50’s

 Robert Wood, Senior Financial Adviser Posted in Financial Planning, Residential Nil Rate Band (+13 more), on 07.02.24 Read Reaching your fifties can represent a shift in outlook towards investments. The aggressive growth strategies of younger years are influenced by a desire for preservation of that hard earned wealth.

At this age, there is still a reasonable amount of time before retirement. However, removing too much risk too soon can inhibit returns for what should often be seen as a lifetime investment strategy.

In this article,...

Evaluating Early Retirement: Pros and Cons

 Fiducia Wealth Management Posted in Financial Planning, Financial Advice (+4 more), on 26.01.24 Read The dream of retiring early to pursue your passions and freedom is appealing to many. But it requires both financial and lifestyle planning to evaluate your ability to support your lifestyle for what could be half a century or more.   

There are many pros and cons to early “retirement”, which is increasingly being referred to as your “second life”: 

Pro: More Time for Leisure & Travel 

Retiring...

A Pillar of Excellence: Fiducia’s Chartered Status Renewed

 Gordon Kearney, Managing Director & Financial Adviser Posted in Fiducia News, Awards (+2 more), on 11.01.24 Read At Fiducia Wealth Management, we are honored to announce the renewal of our prestigious Chartered Financial Planner status by the esteemed Chartered Insurance Institute (CII) in late 2023.

Earning the respected Chartered designation signifies our steadfast commitment to the highest pinnacle of ethics, education, and client service within the financial planning profession. Rigorously obtained qualifications,...

Developments in Dedham – December 2023

 Fiducia Wealth Management Posted in Fiducia News, Charity on 08.12.23 Read As another eventful year comes to a close, we at Fiducia Wealth Management want to wish all our clients and professional connections warm tidings this festive season.

It’s been a difficult year for many, aided by rising inflation and subsequently, interest rate rises from BofE. At Fiducia, like our peers, we are not immune to these increases. However, our growth journey has continued throughout 2023 and we are...

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...
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