Seneca has added a quarterly income option to its range of business relief-qualifying investments, while rival Octopus will allow people to invest in its venture capital trusts through ISAs. Here's the latest tax-efficient news...
Seneca's new income paying option called Seneca Preference allows investors to choose a target annual yield of 3% or 5.25%, or a blend between the two. The income will be paid as dividends four times a year in January, April, July and October, into the client's estate for inheritance tax (IHT) purposes. Seneca believes investors will be attracted to an investment "which can provide them with a regular income but with the added benefit of the capital invested being outside of their estate for IHT purposes". Business development director Ian Battersby said: "We have listened to the ...
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