Tax Efficient

In collaboration with Julia Dreblow of SRI Services who has served as co-author and our distinguished contributors, this guide considers the incorporation of ESG into fixed income approaches. It is specifically targeted at financial advisers, in whose hands, so much control of the destination of UK investment sits.

Yet, while bonds are an important component of most of their client portfolios, there is a common misconception among advisers that all fixed income encompassing ESG elements is difficult, limited and compromised by under-performance.

The Venture Capital Trust (VCT) fundraising season has finally kicked off and the market has witnessed a flurry of VCT managers launching their latest share offerings for the 2023-2024 tax year in recent weeks. This industry update comes at a key time where we take a look at what’s happening in the sector, as well as provide you with valuable insights from prominent VCT managers to arm you with all the knowledge you need when talking to your clients.

Venture Capital Trusts (VCTs) are government-sanctioned, tax-advantaged, closed ended, patient capital generators with SME investee targets and high growth ambitions. That makes them very interesting tools for tax planners, investors and economists (whether in government or not), plotting their own wealth futures and that of the UK in general. In times of political and financial uncertainty, backing the new and unproven is probably not on your list of client recommendations, but that’s exactly when the Treasury needs it – to help drive job creation, GDP and tax revenue. The quid pro quo is 30% upfront income tax relief, tax-free growth and tax-free dividends. But the rules and restrictions can be complex and they can shift. So, this guide is intended to help advisers to get a better understanding of the current practicalities and technicalities, where pitfalls lie, and when VCT could work for your clients.

For most of the financial planning community, waving goodbye to the summer holidays and welcoming the autumn months can signal a pivotal time for those anticipating their busiest months ahead. Discussion of tax-planning opportunities may indeed be ramping up and this edition of the Enterprise Investment Scheme (EIS) industry update takes a look at some of the key market updates happening across the landscape to help inform those conversations with clients. In addition, this update delivers expert insights from prominent EIS managers taking a closer look at effective strategies and sectors that they are leveraging to help achieve growth opportunities for investors. You can claim up to 2 hours CPD for reading the update and it is free to access here.

This industry update of the Business Relief (BR) landscape comes at a time where latest HMRC figures for 2023 demonstrate another record-breaking year of IHT receipts. There is a huge opportunity for financial advisers to discuss estate-planning options for clients and explore how investments that qualify for BR can help unlock capital preservation and growth opportunities. As well as insights into the wider market landscape, this update delivers expert insights from prominent BR managers taking a closer look at effective IHT-mitigation strategies and how selecting a specialist manager can help your clients achieve their estate-planning goals. You can claim up to 2 hours CPD for reading the update and it is free to access here.

Remember to claim up to 2 hours CPD after going through the highly readable report.

The Enterprise Investment Scheme (EIS) has been a powerful growth driver and tax planning solution across almost three decades. During that time, EIS investment remained strong throughout the economic cycle despite deep depressions and political turbulence. What’s more, in a high inflation context, growth investments like EIS can offer a real boost to portfolios. But the risks are high even in the best economic conditions, so it’s crucial that advisers have a good understanding of how and when EIS investments can generate the best outcomes.

This informative and accessible guide includes rules, regulations and case studies updated for the 2023/24 tax year.

You can claim up to four hours CPD for reading the Guide and it is free to access here.

This industry update of the Enterprise Investment Scheme (EIS) comes at a pivotal time as we enter into the 2023/24 tax year. The changes that were announced in the Spring Budget are now in full effect and it couldn’t be a more pertinent time for investors to think about maximising their tax-planning opportunities for the year ahead. As well as insights into the wider market landscape, this update delivers expert insights from prominent EIS managers and thought leadership pieces from Christiana Stewart-Lockhart, EIS Association and Lee Coates (OBE), ESG Accord.
You can claim up to 2 hours CPD for reading the update and it is free to access here.

The current climate has seen an increased focus on inheritance tax (IHT) planning, making this update especially relevant. As individuals and families seek to mitigate their IHT liability, Business Relief (BR) investment offers an attractive option to achieve both tax-efficient planning and potential returns.
This report provides valuable insights and expert analysis on a range of pressing BR topics, including the impact of the Spring Budget 2023 on VCT investors, diversification through asset finance, technical support offered by BR managers, lending in a rising interest rate environment, and strategies for avoiding concentration risk.

Nearing its three-decade mark, the Venture Capital Trust (VCT) scheme continues to evolve. Several VCTs have merged in an effort to save costs and a number of limited-life VCTs have wound up. Despite this consolidation, however, the sector achieved a remarkable 68% increase in total fundraising last year.

This comprehensive report of the VCT sector explores a dynamic investment landscape amid an economic crisis and highlights a promising outlook for the popular tax-advantaged scheme.

This industry update of the Enterprise Investment Scheme (EIS)—the first in our new format—comes out as the UK tax environment is about to undergo major changes, making it necessary for investors to maximise their tax efficiency.
From April 2023, exemptions for capital gains tax will halve, with another halving in 2024. At the same time, the income tax additional rate threshold will be lowered from £150,000 to £125,140. As these stealth tax rises bite, more investors could be drawn to tax-efficient investments. All this makes it an opportune time to consider EIS.
This report explores the current landscape of EIS and provides valuable insights into its future prospects.