financial services bristol

Tax Efficient Investments

‘MONEY IS LIKE A SIXTH SENSE WITHOUT WHICH YOU CANNOT MAKE A COMPLETE USE OF THE OTHER FIVE’ W. SOMERSET MAUGHAM

You want your investments to grow and to bring you an income, but at the same time, wise investments can help reduce your tax bill. On the one hand you maximise your income, on the other you minimise your tax liability.

What are tax-efficient investments?

There are a number of tax-efficient investments we can look at and, again, your personal circumstances will dictate which ones best suit you.

Wise investments include some options which will be familiar, such as a tax wrapper.

A tax wrapper is a financial product – likes a pension, bond or ISA – within which your investments can be held and which usually has certain tax benefits.

Other wise investments include life protection or critical illness cover. You might consider investments that don’t incur Capital Gains Tax, such as gilts or corporate bonds.

Premium bonds, children’s bonds, junior ISAs and child trust funds are all tax-efficient investments to consider, again depending on your personal circumstances.

At Hartsfield, we now generally suggest our clients opt for an ‘investment platform’. A bit like a supermarket, you’re still investing in a variety of products but they are held all in one place. You get convenience, choice, value for money and – with easy online access – you can keep a close and careful eye on how your portfolio is performing.

If you would like some advice on tax-efficient investing, the team here at Hartsfield can help. Please get in touch.

 

European stocks fell into deeply negative territory on Thursday amid concerns that ongoing trade wars could weigh on global economic growth after data from Germany showed its manufacturing sector contracted for a fifth consecutive month in May while business confidence weakened to over four-year low. Tech and auto shares are among the worst performers. The DAX 30 lost 1.5% to 11,981, the FTSE 100 fell 1.1% to 7,257; the CAC 40 retreated 1.6% to 5,294; the IBEX 35 dropped 1.2% to 9,126; and the FTSE MIB slid 1.5% to 20,269 around 10 AM London time.
Gareth Lewis DipPFS (DM)
Russian Shares Hit New Record High...
The MOEX Russia Index broke a new record high of 2,601 during morning trade on Tuesday, amid rising oil prices and a stronger Russian rouble. On Tuesday, the Minister of Economic Development Maxim Oreshkin kept GDP growth outlook for 2019 at 1.3% and said technical recession in Q2 is not expected. At the same time, the OCDE revised higher its forecast for Russia economic growth to 1.5% in 2019 from 1.4% estimated in March.
Gareth Lewis DipPFS (DM)

 

Taxation of Investments

THE TAXATION OF INVESTMENTS GUIDE

To DOWNLOAD this FREE guide which sets out the basics of the taxation of investments, please click the button below:

 

Investment Planning

INVESTMENT PLANNING AND ASSET ALLOCATION GUIDE

To DOWNLOAD this FREE guide which sets out the basics of investment planning and asset allocation, please click the button below:

 

Making the most of ISAs

MAKING THE MOST OF ISAs

To DOWNLOAD this FREE guide which sets out the basics of making the most of ISAs, please click the button below:

What Is Covered In These Guides?

  • Income
  • Life assurance-linked investment bonds
  • Easing the investment tax burden
  • Key points in planning your investments
  • Platform choice
  • How we can help