Tax efficient savings

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Robert Pemberton examines how advisers can utilise VCTs and EISs in retirement planning portfolios

Few people would argue that they pay too little tax while current financial market conditions are proving challenging with most asset classes delivering minimal or negative returns over the last year. As a result it is paramount that individuals take advantage of the opportunities on offer to enhance or create returns from a carefully constructed tax mitigation strategy. The tax mitigation benefits of pensions are well known and appreciated but other opportunities are available. Among the most tax efficient options are venture capital trusts (VCTs) and enterprise investment schemes (EIS) ...

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