The HMRC TV adverts once claimed ‘tax doesn’t have to be taxing’, but many taxpayers would disagree. Less experienced and even seasoned investors are often left baffled by tax-efficient investing or are simply just not aware of the tax benefits available.
A recent study by Unbiased.co.uk and Prudential found that total tax waste this year could be as much as £4.9bn through unused allowances in Isas, pensions,capital gains tax (CGT) and inheritance tax.’
Investment Adviser has created a guide to assist in making Tax-Efficient investing less ‘taxing‘.
Investment Adviser, 09 March 2015.
This article is aimed at financial advisers only.