The tax landscape has shifted significantly over the past couple of years. Allowance reductions, rising dividend tax rates and the proposed extension of IHT to unused pensions means there's plenty for paraplanners to get to grips with — and plenty of opportunity to add real value for clients.
This Assembly cuts through the complexity and gives you a clearer picture of how different tax wrappers work in practice, so you can make more confident decisions about which solution is right for which client.
Host, Richard Allum is joined by Elaine Cruickshank, tax and trusts manager at Aegon for a practical, no-nonsense look at onshore bonds, offshore bonds, GIAs and trust solutions with an agnostic perspective that keeps the focus firmly on what's best for the client in front of you.
We looked at how recent tax changes are prompting advisers and paraplanners to revisit wrapper choice, and went through the kind of comparative thinking that helps you work out when a bond might be preferable to a GIA or when onshore makes more sense than offshore.
We also looked at how onshore bonds are actually taxed (including a common misconception that's worth clearing up), which wrapper tends to suit which client circumstances, and how trust solutions fit into the picture, particularly in the context of the proposed IHT changes to pensions.
After catching up on the Assembly, you'll have a clearer understanding of the tax treatment of different wrappers, a more confident sense of when each option is likely to work best, and some practical frameworks for thinking about trust planning solutions.
Useful links
CPD: Request your CPD certificate
Download slides: Navigating recent tax changes
Watch the Replay at Crowdcast (with Chat)
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