Redmayne Bentley Stockbrokers
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Tax Efficient Investments
If you save or invest money, you'll generally have to pay tax on any interest or income you get, but there are some ways of investing that give you a more efficient, or even tax-free, return.
ISAs
Self-Select ISAs allows you to buy and sell shares but any growth and returns are free from income tax and capital gains tax.
The Bespoke Discretionary Service and the Value Investment Portfolio use ISAs to maximise the tax efficiency of the portfolios through generating tax-free income and sheltering gains from capital gains tax.
SIPPs
A Self-Invested Personal Pension or SIPP allows you to take control over your pension and ultimately the funds you will have available in retirement. All contributions qualify for tax relief at your highest rate and the fund grows free of capital gains tax. Find out more about SIPPs »
Inheritance Tax Portfolio
The Inheritance Tax (IHT) Portfolio Service is designed to help limit the effect of inheritance tax without limiting access to and ownership of your capital. By taking advantage of Business Property Relief (BPR) on qualifying shares you can claim 100 per cent tax relief once the portfolio has been held for two years. Find out more »
Venture Capital Trusts
Venture Capital Trusts (VCT) offer income tax relief of 30 per cent when invested at subscription, subject to a maximum investment of £200,000, while minimums are usually around £3000 - £5000. Find out more »
Info Point
Capital Gains Tax (CGT) is payable on disposal of an asset. Major changes to the capital gains tax regime in the 2008 budget saw the rate reduced from the individual's marginal rate of tax (ie either 20 per cent or 40 per cent) to a flat rate of 18 per cent. At the same time the mitigation tools of Indexation and Taper Relief were removed. The annual allowance of £9,600 (2008/09) will remain.
Our investment managers will always have regard to your tax situation when making investment decisions, although gains will be taken above your annual allowance when appropriate. Should you have any large gains from the sale of other assets or businesses and not wish to take any more from your portfolio then please advise your investment manager. Similarly, if you have any losses that can offset gains then please advise us so that the full picture can be taken into account.
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Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.