AWD Chase de Vere is warning against switching out of insurance bonds following the budget tax chang...
AWD Chase de Vere is warning against switching out of insurance bonds following the budget tax changes. The group said that investors being advised to switch out of insurance bonds could be worse off after taking tax and charges into account. Head of the firm's investment steering group Anthony Coyte said: "It could take up to nine years for a basic rate taxpayer using a bond to provide income to recoup the additional charges incurred by switching to a slightly more tax efficient collective with the same underlying asset allocation."
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