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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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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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 the…
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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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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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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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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 forward-looking and…
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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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A combination of frozen tax thresholds and rising inflation mean an increasing number of retirees need to consider tax. Read on to find out what you need to know about Income Tax in retirement and how we can help manage your tax liability. According to the Independent, in 2023/24,…
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Space exploration is pushing new boundaries and more than six decades after Yuri Gagarin became the first man in space, historic launches and exciting milestones continue to capture public imagination. Yet, like financial planning, the period after reaching a goal requires just as much attention as those that garner coverage. On 23 August 2023, India celebrated…
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