When creating an estate plan, there might be people you want to pass wealth to but they’re not in a position to manage their finances. Using a trust could provide a way to leave a vulnerable loved one assets and feel confident they’ll be effectively managed. Trusts aren’t used as commonly as other ways to pass…
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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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Going through a divorce can be incredibly emotionally challenging, but it may also represent the beginning of a new phase of your life. When starting a new chapter, it’s important to consider your financial plan, review your goals, and prepare for any challenges you might face in the future. This could be especially true during a divorce as the process…
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Christmas is a magical time of year, especially for young children who will be eager to see what Santa has left them under the tree. Along with their gifts, your child may receive money that could be put towards long-term goals and milestones. It’s likely not just you who will be buying presents for your child…
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At Herbert Scott, the festive spirit arrived early this year with two wonderful events that brought our community together. On 27th November, we hosted a delightful wreath-making workshop at our offices, led by the talented Clare from Riverside Flowers. The workshop welcomed 16 enthusiastic participants, who each created stunning wreaths to adorn their…
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Danny has reached an impressive milestone, successfully completing his Level 4 Paraplanning apprenticeship. His apprenticeship incorporated industry exams, so he has also gained his Certificate in Paraplanning and Diploma in Financial Planning. His journey, which began less than two years ago, is a testament to his hard work…
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With 195 countries to choose from, deciding where to go on your next holiday can be tricky. In a world where many popular holiday destinations are flooded with visitors and overwhelmed with inauthentic restaurants and shops, you might want to find a place off the beaten path so you can truly enjoy the country you’re visiting. This is where…
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As a business owner, the Autumn Budget delivered at the end of October 2024 could affect both your business and personal finances. Read on to discover the key changes you need to be aware of. 2 Budget tax changes that could affect your business’s finances The good news is that despite speculation that Corporation…
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As 2025 draws nearer, now is the perfect time to think about your aspirations for the year ahead and beyond. Read on to discover some simple questions that may help you assess if your life goals have changed. Last month, you read about 10 financial tasks to complete to get your finances on track for the…
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The first rule of compounding: Never interrupt it unnecessarily. Charlie Munger In Indian folklore, a minister and wiseman called Sessa, apparently invented chess for his King, and in return asked for payment in grains of wheat: one grain on the first square, two on the second and doubling each square thereafter. The…
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