Sayers: Why new tax rules are a game changer for trusts

INVESTMENT TRUSTS

Ian Sayers, director general at the Association of Investment Companies (AIC), explains why the new investment trust tax rules are a game changer for income seekers.

There has been a number of analyst reports so far this year demonstrating the superior performance of investment companies over unit trusts and OEICs. You may get a bumpier ride along the way but hopefully, if you stick with it, and hold a balanced portfolio, you'll be rewarded over the long-term. But the new investment trust tax rules which came into effect this year have added yet more strings to the sector's bow, particularly for income seekers. Of course we've always trounced our open-ended counterparts when it comes to dividend track records. Investment trusts have the advantage ...