The State Pension is often a useful foundation when you’re creating an income in retirement. Yet, a survey from Just Group found that a third of people didn’t check their State Pension forecast before stopping work. While the State Pension might not be your primary income in retirement, it’s…
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If you’re a business owner, selling your business might be a key part of your long-term finances. You may plan to use the sale proceeds to retire, provide greater financial freedom, or fund your next project. So, understanding how much is “enough” could be vital. Even if you’re not planning to exit your business any time…
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Every year, the UK celebrates Small Charity Week. The event’s goal is to raise awareness for the thousands of local causes which make a huge difference to vulnerable communities across the UK and the rest of the world. This year’s theme is “Resilient Charities for Stronger Communities”, and the movement is encouraging everyone to get involved…
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Meeting your financial goals, so you and your loved ones are free to live the lives you aspire to, requires high quality, ongoing financial planning and the construction and maintenance of a robust well-diversified, long-term investment strategy. It is the firm’s Investment Committee that is responsible for the ongoing governance of the latter. In most walks of life…
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Herbert Scott is proud to be supporting the East Sussex Community Choir’s latest performance, titled Haydn – The Creation. The event will take place at Lewes Town Hall on Saturday 29th June 2024 from 7.30pm and we have negotiated reduced-priced, £10, tickets for our clients. If you would like to purchase these, please contact the Herbert Scott office on…
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On Friday 19th April, Herbert Scott hosted a remarkable Charity Golf Day, bringing together clients, professional connections, and golf enthusiasts alike for a day of camaraderie and philanthropy. Against a backdrop of the picturesque Lewes Golf Club, participants came together to support a cause close to our hearts – Chestnut Tree House, the Sussex children’s hospice. A Day of…
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If you’re concerned about running out of money during retirement, you’re not alone. In fact, it’s one of the top financial concerns in the UK. Being proactive and working with a financial planner to create a retirement plan could offer you peace of mind. Read on to find out why. In an Aegon survey, 7 in…
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The gains you can make before potentially paying Capital Gains Tax (CGT) have halved for the 2024/25 tax year. If you plan to dispose of assets, the change could affect you. Read on to find out when you could be liable for CGT and some steps you might take to manage your tax bill. CGT is a tax on the…
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Effective retirement planning often involves weaving together lots of different threads. As you think about your retirement, you might be unsure how to bring everything together, but a bespoke financial plan could put your mind at ease. Over the last few months, you’ve read about the importance of deciding how you’ll retire, why you should set out your goals, and…
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Taking a tax-free lump sum from your pension could be a fantastic way to kickstart your retirement plans. If it’s something you’re thinking about, it’s important to consider the long-term implications and understand how much you could withdraw from your pension before facing a tax bill, as the rules have changed in 2024/25. Previously, you could take 25% of your…
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