AIMS (Asset and Income Modelling Service)
A tailored cash flow modelling tool used by FPC to provide clients with a detailed, visual overview of their financial journey. It helps project income, expenditures, and asset positions over time, allowing clients to confidently answer questions about their financial future.
Annuity
A financial product that provides a fixed income stream for life or a specific period, often used during retirement. Traditional annuities may no longer suit everyone due to evolving financial needs.
Capital Gains Tax (CGT)
A tax on the profit made when selling or disposing of an asset that has increased in value. FPC helps clients manage CGT through strategies such as annual exemptions and reliefs.
Diversification
A risk management strategy that spreads investments across various asset classes, sectors, and geographies to reduce exposure to any single risk and increase the probability of achieving financial objectives.
Estate planning
A process designed to manage and transfer your wealth and assets to the next generation, aligning with your values and financial goals. It includes strategies for inheritance tax efficiency, gifting, and trust arrangements.
Financial Planning
A comprehensive, holistic approach to managing your financial life, including setting goals, creating strategies, and ensuring long-term financial security. It differs from financial advice, which often focuses on specific products.
Inheritance Tax (IHT)
A tax on the estate (property, money, and possessions) of someone who has died. FPC advises on minimising IHT through effective estate structuring and gifting strategies.
Investment management
The professional management of financial assets and portfolios, guided by long-term strategies tailored to individual goals, risk tolerance, and tax efficiency.
Lifetime allowance
The maximum amount of pension savings an individual can accumulate without incurring an additional tax charge. FPC advises on maximising contributions within this threshold.
Philanthropy
The act of supporting charitable causes through financial contributions, either as regular gifts, charitable legacies, or the establishment of foundations and trusts. FPC guides clients in aligning their giving with financial goals.
Pension tax planning
Strategies to optimise pension contributions and withdrawals, ensuring compliance with annual and lifetime allowances while minimising tax liabilities.
Risk profile
An assessment of an individual’s comfort with financial risk and capacity to withstand losses. This informs investment strategies tailored to personal preferences and financial goals.
Succession planning
A strategy for transferring ownership or leadership of a business to ensure continuity, maximise value, and align with personal financial independence. FPC supports business owners through tailored succession and exit planning services.
Tax-efficient investments
Investments that provide tax advantages, such as ISAs, pensions, and other tax-advantaged vehicles. FPC integrates these into financial strategies to enhance returns while minimising tax burdens.
