Scott James & Associates

The gift that keeps on giving… 📊 Imagine this: You gift £100 into a child’s pension or Junior ISA this Christmas. By the time they retire, that £100 could be worth far more thanks to the power of long-term growth. It’s more than a Christmas present – it’s a gift for their future. 🎄 Whether it’s helping with a wedding, university fees, or passing on assets tax-efficiently, a little forward planning today can make a world of difference tomorrow. #GiftForTheFuture #FinancialPlanning #TaxEfficientGifting

Your tax year-end booklet Building good financial habits is the foundation of a secure future. Small steps, like making the most of your ISA allowances or contributing to your pension, can make a big difference over time. If you’re unsure where to start, our Tax year-end Booklet is here to help. In just 15 minutes, you’ll learn which ISA best suits you, how to maximise tax benefits, and why regular pension contributions matter.

Wishing all our clients a Merry Christmas! 🎅✨ As the year draws to a close, we want to take a moment to thank you for your continued trust and support throughout 2024. Here are our Christmas and New Year opening hours: 📅 Christmas Hours Christmas Eve: Open until 12:00pm Christmas Day: Closed Boxing Day: Closed 27th December: Closed 30th December: Open (9:00 - 5:00) 31st December: Open (9:00 - 5:00) 📅 New Year Hours 1st January: Closed 2nd January: Closed 3rd January: Open as normal (9:00 - 5:00) We hope you have a joyful and restful festive season surrounded by family, friends, and a little bit of Christmas magic! Merry Christmas and a Happy New Year from all of us 🎄❤️ #MerryChristmas #FestiveHours #ThankYou #HappyNewYear

Tired of giving socks and smellies every year? 👀 This Christmas, consider a gift that truly makes a difference: A contribution to a Junior ISA or pension for the kids 🎁 A cash gift to help a loved one with a future wedding or milestone 💍 Gifts to trusts that can move wealth tax-efficiently across generations 📊 Gifting wisely today could help secure your family’s financial wellbeing for years to come. No queues, no crowds – just a thoughtful gift that lasts far longer than a pair of socks. #SmartGifting #FamilyWealth #ChristmasFinance #PlanForTheFuture

Although inflation has fallen this year, Christmas dinner may still end up being more expensive than in 2023. #Inflation

As a higher-rate taxpayer, you might end up paying more tax than you bargained or budgeted for. If you’re earning between £100,000 and £125,140, the tapering of the personal allowance means you could end up paying 60% income tax. A check in with your financial adviser can help you steer clear of the 60% tax trap this tax year. Most people are aware that income tax is charged at 0%, 20%, 40% or 45%, depending on how much you earn. The rates are slightly different in Scotland, but a 60% tax band doesn’t seem to exist – on paper. However, higher-rate taxpayers beware. If there’s one word to describe the UK tax system, it’s ‘complicated’. Regulations, as we saw in the Autumn Budget, can change frequently and even if you’re more informed than most, it’s easy to misinterpret the rules – and end up walking into a 60% tax trap without realising. Comment for more information 👇

Both South Korea and France are facing political challenges. Even before this, both countries have struggled this year. Past performance is not indicative of future performance. Please note it is not possible to invest directly into a financial index and the figures shown do not take into account any charges applicable to the appropriate investment wrapper or any relevant tax charges.

Gifting cash, or gifting assets is a present that keeps on giving. It’s practical, thoughtful – and it can make so many things possible. A cash gift could pay for a family holiday, cover extra days at nursery for a new grandchild, or it could start a savings pot that will make a dream come true. And cash gifts aren’t your only option. There are many tax-smart ways to gift your family – any of which could save you a significant amount of tax. Here are just some of your options: https://lnkd.in/esyd9mwm

To meet their needs, financial advice must be more flexible, accessible and relevant in the future. When people experience financial advice, they benefit financially, but also have a stronger sense of financial security and mental wellbeing. SJP is calling for action to help break down the barriers preventing more people from accessing financial advice. https://lnkd.in/eNcCxJAm #FinancialAdvice #FinancialSecurity

Looking at the S&P 500 through the lenses of each generation highlights the volatility of equity markets, but also the potential for long-term investment returns.