Going for gains, not income
Thursday 3 July 2008
"Private investors are increasingly looking to fill their portfolios with funds that aim to generate growth, rather than income, as the reduced tax rate on capital gains can significantly enhance returns", says Sharlene Goff of the FT on June 27 2008
"So wealth managers are working on a number of strategies for clients looking to take advantage of the new 18 per cent tax rate on capital gains, rather than pay the higher 40 per cent charge on income."
Without doubt our role is to keep focused on changing legislation to find opportunities to help investors maximise their after tax returns. Yet, being tax efficient is not the main priority, it is part of the cost of investing. Understanding your appetite for risk and building a well constructed portfolio with asset classes being the driver is the main objective. Thereafter if it is possible to find ways to minimise any taxation, then seize those opportunities!
Categories: Asset Class Management, Risk
posted by Murray Round Wealth Management @ 12:00,
The Authors
Nicholas Round
Nic is the Managing Director of Murray Round Wealth Management Limited, who seeks to ensure the advice provided is truly independent. Based in Shropshire with clients local, national and worldwide, Nic has strived to find the best possible service for his clients needs, by researching and studying the market, trends and philosophies. Nic strongly believes Asset Class Management will bring his clients Financial Freedom, Independence and Happiness.
Kirsty
Kirsty is our communication guru. Managing information requires considerable due diligence and her passion for organisation gives the clarity we all seek. From Shropshire, with a Psychology Degree and much travelling, she is now back in Shrewsbury...and London often, keeping us all at Murray Round focused.
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