Smart Money Magazine is a brilliant round-up of factual and insightful comment and articles on a wide variety of financial topics from the team here at Jones & Co. You can read a copy of Smart money Jan/Feb 2024, but here’s a quick overview of what you can expect.

The tax landscape has witnessed considerable changes, making the situation more challenging for taxpayers and investors alike. As we approach the end of the 2023/24 tax year on 5 April, every taxpayer should understand the importance of this date and consider their tax position. Don’t leave it to chance and miss the deadline. On page 09 of Smart Money Magazine there are some planning tips for you to consider and discuss with us.

Did you know as many as 1 in 20 people could have a pension they didn’t think they had? Could that be you? It’s estimated £26.6 billion is currently trapped in forgotten pensions, averaging about £9,500 each. With many of us juggling multiple jobs throughout our lifetime, it’s no wonder that some pensions fall through the cracks. Read the full article on page 12.

 

ESG (Environmental, Social and Governance) investing, a socially responsible investing approach, seeks to harmonise financial returns with a company’s environmental impact, stakeholder relationships and global footprint. On page 08, we consider understanding and incorporating ESG opportunities into your investment strategy.

Transferring wealth within a family is a delicate process that requires clear communication and effective planning. Otherwise, it could lead to a potentially large tax bill and bad feelings. By engaging in succession planning, you can ensure your assets are distributed according to your wishes, simplifying the process and maximising tax efficiency. Read the article on page 10 to find out more.