Demand for tax-efficient investment advice likely to 'surge'

The research found that 50% of surveyed advisers' clients are higher rate taxpayers while nearly a third (32%) are additional rate taxpayers. It also found that advisers believe clients consider tax as second only to inflation as the biggest threat to their invested capital and future financial wellbeing - 35% of advisers cited inflation as the biggest threat compared to 27% choosing taxation. Meanwhile, 19% selected volatility and 18% low returns. However, research with advisers showed 39% do not routinely discuss the benefits of tax efficiency in relation to investments with clients...