Global events continue to make headlines and spark debate among investors. From intense political exchanges in the US to displays of European unity overcoming post-Brexit tensions, and the latest tariffs introduced by the US, there is no shortage of geopolitical drama. Furthermore, the ongoing Russia-Ukraine conflict and the escalating Israel-Palestine tensions have further increased global…
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Pensions are a crucial component of financial planning, particularly for individuals seeking to secure a comfortable retirement. For some, increasing pension contributions can be a strategic move to make up for missed savings or to maximise tax-efficient benefits. However, understanding the rules around contributions requires careful consideration to avoid potential pitfalls. Large contributions can assist…
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Well done to our team at Thorntons Wealth – Phil, Sara and Elaine for taking part in the Aberdeen Firewalk last night. Well done! If you would still like to donate, click on the link below: https://www.justgiving.com/team/thorntons-wealthf
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Phil, Elmira and Sara from our Aberdeen office are taking part in the Aberdeen Firewalk on 23 September. If you can support us this will be greatly appreciated. You will find a link to our charity fundraising page here: https://www.justgiving.com/team/thorntons-wealthf Motor Neurone Disease is a fatal, rapidly progressing neurological condition affecting up to 5,000 adults in the…
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Many of us eagerly await the day we can step away from work for good, envisioning a time filled with freedom and the opportunity to focus on what truly brings us joy. The dream of retirement offers a deeply personal vision – whether that’s adventure, relaxation or simply a slower pace of life. However, while…
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Are you considering delaying your next investment until the market drops? It’s a common notion, particularly among new or even experienced investors. The strategy of ‘timing the market’ – buying stocks when their value is low and selling them when high – may sound like the perfect plan. But even the most successful fund managers…
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How you invest in your 50s could significantly impact your quality of life in retirement. While there is still time to increase your retirement savings, a seemingly simple mistake could derail your plans. This is where obtaining professional financial advice becomes crucial. With retirement now in sight, as you approach this milestone, ensuring your money…
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Around one in five grandparents over the age of 50 in the UK provide childcare help for their grandchildren, but thousands may be missing out on a valuable scheme that could increase their State Pension entitlement[1]. Soaring childcare costs mean many parents turn to grandparents to look after their children when they return to work….
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Transferring wealth within a family is a delicate process that requires clear communication and effective planning. Otherwise, it could lead to a potentially large tax bill and bad feelings in the family. This narrative was depicted in the hit American HBO series ‘Succession,’ which centred on the Roy family, the owners of global media and…
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Have you recently evaluated your personal tax situation? Is your tax structure optimised for efficiency? As we approach the end of the tax year on 5 April 2024, it presents an ideal opportunity to assess and leverage the various allowances and reliefs available to enhance your tax profile. Allocating time for this review can provide…
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