SmartMoney July August 2020

Welcome to our latest issue. A return to how life
was at the start of 2020 is some way o!. Even now
that lockdown restrictions are starting to be eased,
coronavirus (COVID”19) will continue to affect our lives
in many ways.
Whether you have earned your wealth, inherited it
or made shrewd investments, you will want to ensure
that as little of it as possible ends up in the hands of the
taxman and that it can be enjoyed by you, your family
and your intended beneficiaries. On page 10, we look
at why, without an appropriate estate plan, your family
may end up spending a substantial amount of time and
money battling over your assets if you pass away.
The COVID”19 pandemic has had a dramatic effect
on the global economy. Around the world, economic
activity has dried up. Fewer consumers are buying
and fewer companies are investing. But if you take the
view that inflation will start to go up in the long term,
on page 06 we look at why it is worth considering
whether your savings and investments could be
affected. After all, you need your investments, and
the income from them, to keep pace with inflation to
maintain the value of your buying power.