Recent changes to the rules governing the tax-advantaged sector have created more restrictions in terms of what VCT and EIS funds can invest in, however there is no sign of a retreat on the part of the UK government in regards to the concept of tax-advantaged investment, according to managers.
Indeed, the various reliefs related to VCTs, EIS, SEIS or IHT portfolio services, not only remain in place, but given the changes on pensions last year, these products are the only "tax-advantaged, legitimate,...
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In June 2016, immediately before the Brexit referendum, a curious thing happened.