Throughout your working life, keeping track of your pension is crucial to ensure you save sufficiently for the future. Reviewing your pension can help you identify any potential shortfalls and, if necessary, increase your contributions to address these gaps. First and foremost, let’s explore how your pension operates. When you contribute to a personal or…
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We are delighted to announce that with effect from 27th September, we have acquired Robson Macintosh & Company Limited of Manor Place, Edinburgh (RobMac) and welcome them to the Thorntons Wealth family. For existing RobMac clients, you will be contacted shortly with further information about what this means for you. If you have any queries…
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If you are in your 40s or 50s, you have likely contributed to a pension for quite some time. Over the years, you may have accumulated multiple employer workplace pensions. However, when did you last thoroughly examine your pension and retirement strategy? Having a documented retirement plan can help you feel more prepared for this…
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If you’re working, you probably don’t spend much time thinking about what would happen if you couldn’t. It’s easy to assume that life will continue as it is—steady income, bills paid on time, savings growing. But what if illness or injury took you out of work for an extended period? How would you manage? Income…
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As we approach the new government’s first budget on 30th of October it is natural to feel a mix of curiosity and concern about what changes might be on the horizon. There has also been significant speculation in the media, we felt it was important to reach out to our clients to provide an insight…
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On 30 October, Chancellor of the Exchequer Rachel Reeves will deliver the Autumn Budget Statement 2024, accompanied by a comprehensive fiscal statement from the Office for Budget Responsibility (OBR). This significant event comes as the new government, elected to boost economic stability and growth, takes its first important step in addressing the nation’s financial health….
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If you’re in your late 30s or early 40s, retirement might still feel like a distant concern. After all, with the pressures of mortgages, raising children, and day-to-day expenses, planning for your later years can easily slip down the priority list. However, Pension Awareness Week 2024 is here to remind you that now is the…
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Almost a quarter (23%) of women in their 20s (aged 22-29 years) would be frustrated if they couldn’t retire by the age of 60, according to new research[1]. Despite this, 10% of this group have opted out of their employer’s pension scheme, further risking their chances of retiring when they plan to. Additionally, 35% don’t…
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According to research [1], almost a third of UK adults who have checked their tax code (31%) have found that they have been on the wrong one at some point. Additionally, one in six (15%) UK adults do not know if they are on the right tax code. The findings also reveal that nearly a…
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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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