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Tracking down a lost pension pot can be daunting, especially if you’ve switched jobs multiple times throughout your career. The good news is that resources and strategies are available to help simplify the process. According to research, one in six (16%) UK adults have attempted to trace or find a pension that has been lost…
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The third article in our series on Tax Planning Tips for 2023/24. To see how we can help, please click here to get in touch. Let rooms in your own home to one or more lodgers. Rent-a-room relief allows up to £7,500 of rent per property to be received tax free per year. The rooms…
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Life’s a journey. Wherever it may take you………. let us help shape your financial future! During this webinar, we will: Take you on a typical lifestyle journey and look at the financial implications affecting us along the way Look at the triggers for making financial choices along your journey – whether that’s buying your first…
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Many parents and grandparents set aside money for the next generation to help with their financial needs. The rising cost of education, housing, and life in general, has created concerns about financial stability for future generations. Increasingly, parents and grandparents want to ensure their children and grandchildren have the financial resources to navigate these challenges…
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Our second article in our series on Tax Planning Tips for 2023/24. To see how we can help, please click here to get in touch. Contribute up to £9,000 into your child’s Junior ISA. The fund builds up free of tax on investment income and capital gains until your child reaches 18, when the…
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I am required by law to have my car insured Third Party Fire and Theft. However, I have chosen to pay more and have Fully Comprehensive insurance. Why? Because if I were unfortunate enough to be in an accident, the financial impact on me having to replace my family car would undoubtedly cause me some…
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Retirement planning is of the utmost importance, regardless of your income or wealth. It ensures a steady income stream after retirement and provides financial security for you and your loved ones. Retirement cash flow modelling can provide numerous benefits to individuals seeking financial security and planning for the future. By assessing your current and projected…
Continue ReadingI joined Thorntons as an apprentice in 2016, as a young 19-year-old, starting my first full time role. At this point, retirement seemed a million miles away – it still is! At this age, priorities were different, and the thought of giving up part of my salary to save for an event to occur in…
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Over the next few weeks, we will be running a series of articles on Tax Planning Tips for 2023/24. These general tips highlight ways in which you can currently use certain tax reliefs to your advantage, and how to avoid some of the tax penalties. It can help you navigate the complexity of certain tax…
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A recent study has revealed that over half of the British population may not fully comprehend the hidden impact of inflation on their savings and buying power[1]. The research explored participants’ understanding of basic financial principles, including inflation, compound interest, risk and return, and the significance of life stages in financial planning. Surprisingly, only 44% of respondents could…
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