Benefits of Ucits wrappers

ucits wrappers mean gains from structured products liable to cgt rather than income tax

Bristol & West is looking at using Ucits fund structures to provide investors with more tax-efficient structured savings products. Speaking at an intermediary seminar organised by SRPAdviser.com, Josh McDonald, sales and marketing director at Bristol & West, said new Ucits rules would provide a more tax-efficient wrapper for structured products for certain investors than the current deposit accounts employed by many providers. He added: "The growth in deposit accounts is subject to income tax, whereas if you invest in a structured product via a Ucits wrapper, all the gain would be subject...