A UK trust is a legal arrangement in which one party holds and manages assets on behalf of another party, in accordance with the terms set by the trust’s creator. They often serve as a safeguard for wealth, ensuring that assets are passed on to the next generation according to specific wishes. Trusts are essential…
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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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Understanding Income Protection Insurance: A Safety Net for Your Earnings How many of us have a safety net for our earnings? Income protection insurance is a vital financial product designed to provide a regular income if you’re unable to work due to illness or injury. In the UK, where statutory sick pay and state benefits…
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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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The world of pensions can look complicated from the outside, and there are plenty of questions people want to ask but never do. Outlined below are some of the questions people want to ask but for whatever reason, may not. When should I start saving for retirement? The simple answer is as soon as you…
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The National Institute of Economic and Social Research (NIESR) has issued a stark warning. If no action is taken, the government is likely to miss its fiscal rule, which requires that day-to-day spending is covered by tax receipts of a significant £41.2 billion by 2029/30. To stay on track, Chancellor Rachel Reeves will need to…
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Whether you’re employed, a partner or self-employed, you can contribute to a pension. Employers are legally required to provide workers with access to a pension scheme, while anyone self-employed or unemployed, who cannot invest in an occupational plan, can pay into a personal pension, such as a SIPP (Self-Invested Personal Pension) or a stakeholder policy….
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Well done to our team at Thorntons Wealth – Kim, Bethany and George for taking part in the Dundee Kiltwalk yesterday. They completed it in 5 hrs 50 mins. Well done! If you would still like to donate, click on the link below: https://www.justgiving.com/team/twmandtim
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Estate planning has always been pivotal in managing how wealth is passed on, but changes to pension rules from 6 April 2027 will reshape the landscape. Historically, pensions have served as both a source of retirement income and a tax-efficient tool for intergenerational wealth transfer. However, as pensions will, from 2027, form part of the…
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Millions of UK adults are approaching retirement guided more by intuition than by careful planning, according to recent report findings[1]. The research reveals that one in six people (16%) rely on gut instinct to determine how much they will need for a financially secure retirement. Alarmingly, nearly two in five (39%) have not calculated their…
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