Are Pensions Forming Part of IHT in 2027? A major shift is coming. From 6 April 2027, unused pension funds and death benefits will, in most cases, fall within the scope of Inheritance Tax (IHT). This change ends a decades-long tax advantage where pension pots largely escaped the IHT net, transforming pensions from a discreet estate-planning tool into a core…
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At Herbert Scott, we are proud of how our firm has evolved – not only in size, but in the strength, expertise and dedication of our people. To ensure we continue to deliver the clarity, independence, and trust our clients value, we have refined our management structure to reflect both our current position and our future direction. At his leaving…
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The importance of remaining calm is often something that’s talked about when discussing investment market volatility. But there are other factors outside of your control that might lead to emotional decision-making, including uncertainty about the upcoming Autumn Budget. Chancellor Rachel Reeves is expected to deliver an Autumn Budget at the end of October. Despite being weeks away, there’s already speculation…
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Passing on your wealth to loved ones could transform their lives and mean they have more opportunities in the future. However, to get the most out of the “great wealth transfer”, younger generations need to be prepared to manage their inheritance. According to September 2024 data from Vanguard, it’s…
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Early in May, Daniel was invited to attend the Annual General Meeting for the Sussex branch of the Chartered Insurance Institute to receive an award for ‘Best Completed Diploma in Financial Planning’. This was a great event hosted at the Amex Stadium. The event celebrated both the institute’s recent events and exciting plans for the future, whilst also…
read more24% of people think all their savings are tax-free, according to a Lloyds Bank survey carried out in February 2025. However, they could be in for an unexpected shock, as the interest earned on savings might be liable for Income Tax. The good news is, there are often ways…
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Data released by Scotland’s largest health board has highlighted the potential challenges families could face if a loved one doesn’t have a Power of Attorney in place. According to a BBC report, in NHS Greater Glasgow and Clyde, a third of patients who are delayed getting out of hospital…
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This guest blog was written by Chris Budd who wrote the original Financial Wellbeing Book, and also the Four Cornerstones of Financial Wellbeing. He founded the Institute for Financial Wellbeing, and has written more than 100 episodes of the Financial Wellbeing Podcast. Financial wellbeing is a subject that looks at all aspects of the relationship between…
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While you might intend to make your financial decisions based on facts, emotions creeping in from time to time is normal. Recognising when emotions might be influencing your judgement could mean you’re better able to evaluate what’s right for you. Last month, you read about how past experiences could affect your decisions. Now, read on to…
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Retirement is an exciting milestone, with more free time to dedicate to the things you enjoy. Yet, it can also be a daunting time, especially when it comes to managing your finances. Flexi-access drawdown is a popular way to access your pension savings as it provides flexibility and means you’re in control of your income. However,…
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