Money Matters 2024

The latest editions of our Money Matters guides are now available to download below. Providing topical commentary on all aspects of financial planning, these guides are intended to bring a few important issues to your attention.

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Money Matters: Jan/Feb 2024 Editions
 

Welcome to the first issue for 2024. The tax landscape has witnessed considerable changes, making the situation more challenging for taxpayers and investors alike. As we near 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. We’ve provided some planning tips 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 most individuals juggling multiple jobs throughout their lifetime, it's no wonder that some of these pensions fall through the cracks.

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. Our planet faces numerous challenges, from climate change to a rapidly growing and ageing population. 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 in the family. This narrative was depicted in the hit American HBO series ‘Succession’. By engaging in succession planning, you can ensure your assets are distributed according to your wishes, simplifying the process and maximising tax efficiency. 

We hope you enjoy reading this issue and if you would like further information or want to arrange an appointment, please contact us on 01494 451441 or by email enquiries@chilternconsultancyltd.com
 
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Money Matters Jan/Feb 2024 Guide to Individual Savings Accounts Guide to Financial Planning for the New Year Guide to Year End Tax Planning