When you think about what you want the future to look like, it’s probably not the value of your assets that comes to mind first. Instead, you might think about the experiences you want or the well-being of your loved ones Yet, to build the life you want, money is usually an important factor. While you…
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The tapering of the Personal Allowance means some higher-rate taxpayers effectively pay an Income Tax rate of 60%, sometimes without realising. Fortunately, if you’re affected, there could be ways to reduce your tax bill. A report in the Telegraph suggests 1.35 million workers were affected by the…
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Your relationship with money may play a huge role in how you handle financial decisions and your long-term security. Many factors affect your financial decisions, but you might be surprised by how much your childhood experiences still influence you today. The majority of parents recognise how important financial education is. Indeed, according to…
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In today’s world, the financial services industry faces a unique and pressing challenge: balancing profitability with sustainability and ethical practices. As climate change, social justice issues, and environmental degradation become more urgent, businesses must adapt to meet the demands of conscientious clients, regulatory bodies, and the planet. Here at Herbert Scott, we have been thinking about our impact on the…
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A new digital service has been launched that makes it easier to check if you have any gaps in your National Insurance (NI) record that may affect your State Pension entitlement. The service is called Check Your State Pension Forecast and can be accessed via GOV.UK or the HMRC app. You will need to register for or…
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The UK boasts some of the most spectacular coastlines in the world. Trails across the country can take you through sleepy fishing villages, tumbling clifftops, and unique natural formations that are the stuff of legends. Though your adventure may depend upon the whim of the infamously temperamental British climate, there are stretches of the…
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The world’s largest sovereign wealth fund has become a leader in ESG (environmental, social, and governance) investing. Yet, the money initially came from an unlikely source – fossil fuels. Read on to find out how Norway’s “oil fund” embraces ESG issues, and how you could too. Norway’s sovereign wealth fund holds around 1.5% of…
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The number of retirees who could face an Income Tax bill is expected to rise. If your total income could exceed tax thresholds, there might be some steps you can take to reduce your tax bill. The Personal Allowance is the amount of income you can receive before you usually need to pay Income Tax on…
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On the back of data showing some countries have exited recessions at the end of the first quarter of 2024 and inflation falling, several market indexes reached record highs in May. Read on to find out what else may have affected the markets and your investment portfolio. UK Dominating headlines towards the end of…
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We hope that all our existing clients see the benefits our services have provided them and their wider family, however, if you are new to financial planning, this article looks to outline why asking someone like Herbert Scott for help, may provide intangible benefits. Consider the benefits of financial planning. If the first advantage that comes to mind is…
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