News / page 19

20th October 2023 - Ben Nolan

Here’s why pension reforms mean you might want to reconsider your retirement plan 

Government changes to the taxation of pensions may mean you could save far more tax-efficiently for retirement. If a potential tax bill influenced your current retirement date, it might be worth reviewing your plan. Previously, the Lifetime Allowance (LTA) affected the total pension benefits you could build up before facing a possible tax charge. In 2022/23, the LTA was £1,073,100.

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20th October 2023 - Alicia Buckingham

How to make happiness part of your financial plan

People often think of their financial plan as a way to grow their wealth and provide financial security. You might consider areas like your pension or financial protection to be core parts of your financial plan. Yet, while they’re important, your happiness is essential too. Financial planning is about helping you reach your financial goals, but it goes further than…

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20th October 2023 - Tracey Payne

HMRC collects a record amount in Capital Gains Tax. Here’s how we could help you manage your liability

The latest release from HMRC shows it collected a record £16.7 billion in 2021/22 through Capital Gains Tax (CGT) – a 15% increase on the previous tax year. Cuts to a tax exemption could mean CGT receipts might climb even further. CGT is a type of tax you pay when you sell or dispose of certain assets.

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20th October 2023 - Stacey Chamberlain

Danny promoted to our team of technical wizards.

Here at Herbert Scott, we are committed to hiring young talent into the profession and supporting them through their development. With this in mind, we are proud to announce a promotion for our apprentice Danny Rudden who has joined our team of technical wizards, or as we like to call them Financial Planning Assistants. Danny joined Herbert Scott in September…

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19th October 2023 - Tracey Payne

Investment impact of the unfolding tragedy in the Middle East

Everyone has been touched by the horrific events and unfolding human tragedy in Israel and the Gaza Strip, and many are concerned about how this might escalate into a wider conflict at a time of great uncertainty in the world. People’s immediate focus is, rightly, on the plight of those caught up – either directly or indirectly – in…

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20th September 2023 - Tracey Payne

Herbert Scott news – Alicia becomes our 5th Financial Planner

I am proud to announce that Alicia Buckingham has joined Kevin, Ben, Sean and me as a  Financial Planner at Herbert Scott, a move underpinning the firm’s commitment to ensure we are always there for our clients, day in, day out, year after year. Alicia has been part of the Herbert Scott…

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15th September 2023 - Alicia Buckingham

7 practical reasons to make a Lasting Power of Attorney now

A Lasting Power of Attorney (LPA) could provide you with protection when you’re most vulnerable by giving someone you trust the ability to make decisions on your behalf. Yet, a survey in the Independent, found that less than half of married couples have an LPA.   We will…

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15th September 2023 - Tracey Payne

Investing 101: 4 useful questions to answer when we review your portfolio

Over the last few months, you’ve read about the potential benefits of investing, what we consider when creating your risk profile, and how we can improve tax efficiency.  Now, read on to discover why we believe reflecting on your investment portfolio during our annual review meeting is a crucial part of managing your assets over the…

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15th September 2023 - Tracey Payne

Returns fishing with a wide net

Despite the doom and gloom of rising interest rates, elevated inflation, the fear of a wide recession and the continued war in Ukraine, global equity markets[1] (developed and emerging markets combined) have actually risen in 2023. In GBP terms, they have delivered around 7.2% to the end of June, recovering most of 2022’s fall. Markets are…

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15th September 2023 - Sean Banks

Wild camping returns to Dartmoor. Here’s how to enjoy getting off the beaten track

After an appeal, wild camping is allowed again at Dartmoor National Park. It could be a great way to get off the beaten track and back to nature. Read on to find out more about wild camping.  Wild camping simply means setting up your tent or caravan in the wilderness outside of a designated campsite. …

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