Millions of students across the UK are preparing to head to university and pursue their educational goals. As a parent, you may feel proud as you help them pack up their belongings and move into their own space for the first time. Yet, you might also be worried about how they’ll cope financially or repay the student loans…
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The study of how psychology affects financial behaviours is fascinating. Understanding the basics could improve your relationship with money and how it influences your financial decisions. Behavioural finance looks at how psychological influences and biases affect the behaviour of investors. It aims to understand why people make certain financial choices and the effect it could have…
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If you take a proactive approach to managing your wealth, you could reduce how much Inheritance Tax (IHT) your estate may be liable for when you pass away. Last month, you read about what IHT is and when estates become liable to pay it. Now, read on to discover some of the shrewd strategies you could…
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It is a simple statement that the decision to invest in the first place provides an opportunity to protect hard-earned savings from inflation, and perhaps grow further. It is not easy, however, to have the foresight, as well as the discipline to deny oneself spending today for the opportunity of a better tomorrow. It is also not easy to work…
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We are pleased to welcome the newest member of the Herbert Scott Team – Jemma Williams. Jemma has taken on the role of Senior Adminstrator and will be working closely alongside our Operations Director, Jennie Snooks, to help provide clients with a top-quality service. Jemma gained her degree in Performing Arts in 2003 and has worked in various sectors including Market…
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Most investors would probably like to forget the poor performance of both bonds and equities in 2022 and early 2023. For many investors, it was their first real experience of bonds falling in value, particularly at the same time as equities. Different investors would have experienced different outcomes in 2022 (and subsequently) depending on the type of bonds that they…
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Further to last month’s newsletter, where we introduced our intention to reduce our impact on the environment and make positive changes towards becoming net zero, we have begun to reassess our supply chain, focusing on strengthening ties with local businesses. This move aligns with the company’s commitment towards sustainability, quality, and community engagement. The goal is to identify and prioritise…
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0Often dubbed “death tax” or “Britain’s most-hated tax” in the media, Inheritance Tax (IHT) may seem complex, and you might be unsure if it’s something you should consider as part of your estate plan. Over the next few months, you can read about the essentials you need to know, how to reduce a potential tax bill,…
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In July, the markets were affected by general elections taking place in the UK and France, and the ongoing presidential campaign in the US. Read on to find out what else affected investment markets in July 2024. Uncertainty and numerous other factors may affect the value of your investment portfolio. However, for most investors, long-term trends…
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Failing to set out your wishes in a will could mean your assets aren’t passed on to the loved ones you’d like to benefit from your estate. As a result, this could have a significant effect on your legacy. A will is one of the main ways to ensure your assets are passed on to your…
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