Advice - Investments and Tax
Not far from any investment decision is the subject of tax. It is important to understand the tax position of the various investment opportunities available in order to ensure that they fit well with your individual circumstances. Some investments have particular tax benefits (e.g. ISAs) and it is often worthwhile ensuring that these allowances are used.
The government has announced that a new simplified ISA regime will come into force in April 2008. The changes include the abolition of the maxi-ISA and mini-ISA distinctions and the merger of existing PEP investments into the ISA regime. Additionally, child trust funds will be allowed to roll over into ISAs.
The tax position in the event of death is also important to understand – there seems little point planning to pay less tax during your lifetime and then simply handing over thousands of pounds to the taxman when you have died.
The financial services authority does not regulate inheritance tax planning.
To make an appointment with one of our financial advisers please call 0116 275 6585 or send us an email.
