After the government fiasco of the last 8 weeks, the latest Chancellor (who seems to have precious little track record for the job) has undertaken a budget which his opposition bench rivals would be proud of.
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This note is designed to emphasise our reasons for placing specific types of funds into the different tax wrappers. If you want to know the full tax treatment of any wrapper please let us know.
We use a number of different vehicles within an average client portfolio. In recent years we have been using Exchange Traded Funds (ETF) as a low cost efficient trading vehicle.
Are You Saving Enough For Retirement? You are 35, earning £100,000 a year and want to buy that Mercedes Benz you’ve always wanted. You’re also aiming for that magic £1,000,000 pension pot. So can you afford the coupe and a comfortable retirement?
We use the Transact onshore bond wrapper where you wish to defer or mitigate higher rates of tax and, in many cases, receive regular income. The flexibility of the Transact wrapper does mean, however, that when considering what cash to hold throughout a year we have to allow for tax as well as charges, income and withdrawals. This note is designed to explain how the tax works.