Choosing the right wrapper is key to finding the best structured product

Pips

While choice of asset, sector and credit rating are the greatest concerns when making an investment, an appropriate and efficient choice of tax wrapper for a given investor and his or her situation is an important part of product selection

While it is commonly believed that a favourable tax treatment cannot make a bad investment into a good one, often an inefficient vehicle can spoil a good investment. Furthermore, no other aspect of an investment gets overlooked as often as tax, leaving accountants and specialist tax advisers perpetually frustrated at what goes on. The Treasury picks up the rewards of what has been described as an option on laziness to the tune of billions of pounds each year. One of the advantages of structured products is that key target levels of a product, minimum or maximum return or anticipated in...