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20 Dec 2023
Taking the first step

Taking the first step

Embarking on the journey of investing can seem intimidating initially, but with a long-term perspective, it can significantly accelerate the achievement of your financial goals. It’s normal to feel a mix of excitement and apprehension as a first-time investor. There’s a lot to navigate – stocks, bonds, mutual funds, market trends and a sea of…

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20 Dec 2023
The Scottish Budget 2023

The Scottish Budget 2023

The Deputy First Minister and Cabinet Secretary for Finance, Shona Robertson, faced some difficult decisions in drawing up her first Budget.  Inflation had taken its toll on spending, to which had been added new commitments such as a promised council tax freeze in 2024/25. The situation was exacerbated by the UK government’s decisions in the…

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18 Dec 2023
Merry Christmas

Merry Christmas

From all of us here at Thorntons Wealth, we would like to wish you a Merry Christmas and Happy New Year. We wish you and your loved ones a very safe & happy festive period. Thank you for your continued support over the past year, and we look forward to working with you in 2024.

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13 Dec 2023
Tax Tip Planning

Tax Tip Planning

The penultimate article in our series of Tax Planning Tips 2023/24. To see how we can help, please click here to get in touch.    Choose the most tax-advantageous structure for your new business. When starting a new business venture, it can be difficult to predict the level of income it will generate. If losses…

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8 Dec 2023
Aspiring towards retirement

Aspiring towards retirement

Retirement is often envisioned as a time to unwind and indulge in our passions after years of hard work. However, recent research indicates that many individuals feel apprehensive about retiring due to financial and emotional concerns[1]. The rise of ‘retirement anxiety’  The escalating cost of living is putting a strain on income and savings, leading…

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30 Nov 2023
Taxing times for 2023

Taxing times for 2023

As we approach the end of the year, taxpayers should begin assessing their tax obligations. This is not a task to be left to the eleventh hour, especially considering tax changes coming into effect in 2024.  This is also particularly true for 2023, a year already marked by several tax changes that impact higher rate…

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29 Nov 2023
Mission Christmas 2023

Mission Christmas 2023

This year, we have decided to participate in Cash for Kids Tayside’s Mission Christmas Appeal.  There are too many children in the area living in poverty, who deserve a gift on Christmas Day! So, Mission Christmas is an annual campaign to gather Christmas presents for children in Tayside.  We are a registered ‘drop off’ point…

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23 Nov 2023
Autumn Statement 2023

Autumn Statement 2023

Jeremy Hunt’s second Autumn Statement was set against a much less financially turbulent background than his first. However, politics still loomed large with a likely election in the next 12 months prompting calls for tax cuts from within the Conservative party. Until recently the Chancellor had attempted to stall such demands with warnings of “difficult…

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22 Nov 2023
Tax Tip Planning

Tax Tip Planning

The fifth article in our series of Tax Planning Tips 2023/24. To see how we can help, please click here to get in touch.    Plan to maximise your inheritance tax (IHT) nil rate band on death. Everyone has a nil rate band of £325,000 on which no IHT is charged. If you have children,…

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16 Nov 2023
“Time in the market”, not “timing the market”

“Time in the market”, not “timing the market”

In the investing world, the allure of quick profits and instant gratification often tempts some investors to employ a ‘market timing’ strategy. This method involves buying or selling financial instruments based on predictions of future market price movements. Market timing is an active investment strategy aiming to beat the traditional buy-and-hold strategy. It involves moving…

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