Scot Eq promotes tax discount

bonds

clock

Scottish Equitable is urging intermediaries with clients who are higher rate taxpayers to take accou...

Scottish Equitable is urging intermediaries with clients who are higher rate taxpayers to take account of the current tax discount window on UK insurance bonds. As a result of policyholder taxation legislation announced in the 2003 Budget, higher rate taxpayers cashing in UK insurance bonds, including with-profits bonds, will face a hike in income tax on chargeable gains from April 2004, from 18% to 20%. Margaret Jago, technical manager at Scottish Equitable, said: "If the client is about to enter a market value reduction (MVR) free period, the timing of when the bond is cashed in depend...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Equities

Deep Dive: US equities may not have peaked but do require greater selectivity

Deep Dive: US equities may not have peaked but do require greater selectivity

Amid equity rebalancing

Linus Uhlig
clock 13 June 2025 • 4 min read
Partner Insight: Robeco Emerging Markets Equities strategy - Targeting alpha in a new world of growth

Partner Insight: Robeco Emerging Markets Equities strategy - Targeting alpha in a new world of growth

Jan de Bruijn, Director, Emerging Market Equities, Robeco
clock 06 June 2025 • 5 min read
Nedgroup Investments' Rob Burdett: It is time to move underweight equities

Nedgroup Investments' Rob Burdett: It is time to move underweight equities

Reducing exposure

Rob Burdett
clock 03 June 2025 • 2 min read
Trustpilot