Hawthorne Wealth Management

For elite sports stars, a serious injury or illness can make their careers—and their finances—uncertain. By taking the proper steps today, you can ensure your plans withstand an unexpected setback. Understanding your finances, including your financial goals and what you need to do to reach them, is an important starting point. Protecting yourself against an injury or illness that could impact your earnings is also a good idea. In this article, we’ll examine some of the most important factors you need to consider and how financial advice can help you to be ready for any situation, no matter how bad.

According to the Pension and Lifetime Savings Association (PLSA), here's how much you'll need annually for different retirement lifestyles: ✔️ Minimum Standard: £14,400 (single), £22,400 (couple) – Basic needs, UK holidays. ✔️ Moderate Standard: £31,300 (single), £43,100 (couple) – Includes a small car, 2-week European holiday. ✔️ Comfortable Standard: £43,100 (single), £59,000 (couple)—Includes luxuries like theatre trips and regular vacations. Plan early and make the most of your pension savings! Start today to ensure a comfortable retirement. For advice and to set savings goals, consult a financial advisor. https://lnkd.in/e_ZqMJAg #RetirementPlanning #FinancialGoals

Considering topping up your State Pension? For the current tax year, the full State Pension is £221.20 a week, an 8.1% increase. If you haven't made enough National Insurance contributions (NICs) to qualify for the full amount, you can make voluntary NICs going back 16 years, thanks to a temporary government offer. This initiative allows you to fill gaps in your record and potentially increase your pension significantly. However, it's essential to evaluate the costs, benefits, and potential tax implications. For detailed advice, read the full article below 👇 #FinancialPlanning #TakeControl #FinancialEducation

Make confident financial choices Your path to financial wellbeing starts with having the confidence, certainty, and clarity to shape the future you desire - all with the guidance of expert financial advice. We believe there are three key elements to financial wellbeing: 1. Building confidence 2. Achieving your goals 3. Creating a world you believe in Find out more about each one in the link below 👇 #FinancialWellbeing #ExpertAdvice #Confidence

Have you read our magazine, The Investor 119? It gives advice on how to talk to your family about money. Give it a read! #FinancialPlanning #FuturePlanning #MoneyMatters

What are your primary goals in life? Effective tax planning is essential, whether it involves purchasing a property, ensuring your children have the best start, enjoying a comfortable retirement, or passing on wealth to your loved ones. Maximising your tax reliefs and allowances annually can help you achieve your desired financial future. It is crucial to take proactive measures early to benefit fully from these opportunities. Click the link below and explore some examples of how making the most of your tax reliefs and allowances can help you achieve your financial goals. #FinancialPlanning #FinancialEducation #MoneyMatters

Life is full of uncertainties, but with the right protection planning, you can ensure financial security for you and your loved ones. At St. James's Place, we offer a comprehensive range of services to safeguard against life's unexpected events: 🔹 Life Cover: Financial support for your family in case the worst happens. 🔹 Critical Illness Cover: Tax-free lump sum to help you during recovery from serious conditions. 🔹 Income Protection: Monthly income protection if you're unable to work due to an accident or sickness. 🔹 Business Protection: Keep your business financially healthy during challenging times. 🔹 Employee Benefits: Enhance employee welfare with insurance benefits. 🔹 Private Medical Insurance: Quick access to medical professionals when needed. 🔹 Later Life Planning: Solutions for managing care costs and other needs in later life. Let's take the first step towards a secure financial future together. Contact us today to review your current arrangements and find the best insurance solutions for you and your family. #FinancialPlanning #ProtectionPlanning #LifePlanning

Thinking of selling assets that have appreciated in value? You might owe Capital Gains Tax (CGT) on the profits. Here are some tips to reduce your CGT bill: ⭐ Transfer Assets: Give assets to your spouse or civil partner to use both CGT allowances. ⭐ Stagger Sales: Spread asset sales over multiple tax years to maximise annual allowances. ⭐ Offset Losses: Use losses from other assets to reduce taxable gains. ⭐ Invest Wisely: Consider ISAs or pensions to shelter gains from CGT. For personalised advice and tax-efficient planning, reach out. Make the most of your investments and minimise your tax liability! #InvestmentPlanning #FinancialWellbeing #FinancialEducation

🚀 The tech boom has many aspiring entrepreneurs aiming for billion-dollar success, but only 3.9% of businesses with 10+ employees achieve high growth. Start-ups often fail without clear strategies and market awareness. Here are 7 essential tips to prioritise your start-up's success: 1️⃣ Set up proper legal and ownership structures early. 2️⃣ Clearly communicate your purpose and strategy. 3️⃣ Write one- and three-year business plans. 4️⃣ Build your skills and hire talented people. 5️⃣ Understand and manage your finances. 6️⃣ Focus on early sales to validate your business. 7️⃣ Choose the right leadership team and seek external help wisely. Need expert advice? We're here to help at any stage! Read more below 👇 #StartupTips #BusinessGrowth #Entrepreneurship

Looking to secure your financial future? At Hawthorne Wealth Management, we offer expert advice in: ✔️ Investment Planning ✔️ Retirement Planning ✔️ Tax & Estate Planning ✔️ Protection Planning Get personalised strategies tailored to your financial goals. Learn more and take the first step towards a brighter financial future today! 🌟 #WealthManagement #FinancialPlanning #RetirementPlanning #InvestmentStrategies