Barclays launches Defined Returns Plan

Barclays is launching a Defined Returns Plan to takes advantage of CGT exemptions under current inve...

Barclays is launching a Defined Returns Plan to takes advantage of CGT exemptions under current investment legislation. The plan’s potential returns are treated as capital gains rather than income for tax purposes, meaning investors can use their CGT annual exemption to reduce or eliminate tax charged on gains. The Defined Returns Plan is linked to the FTSE 100, with investors choosing from a three or five-year investment option, or both. The investment is designed to be held until maturity and gives 100% of original capital back at maturity. The five-year plan has a fixed 35% investm...