Years of frozen allowances has resulted in more and more clients feeling the effect of fiscal drag – when more of your wealth becomes vulnerable to tax.
So understanding fiscal drag and what its effects mean for clients, is a really important feature of day-to-day paraplanning.
That’s why we invited Utmost International’s technical sales manager, Steve Sayer, to share his thoughts on fiscal drag and how paraplanners can consider addressing it.
Steve explains how, for instance, allowances have lost real value and the capital gains tax exemption has shrunk. And how the frozen nil rate band means more estates than ever are being pulled into inheritance tax.
But in this in-depth technical session – which features a case study example along the way – Steve illustrates how the careful application of planning strategies using trusts, and onshore and offshore bonds, mean the negative consequences of fiscal drag needn’t be inevitable.
Over the years, Steve has created a series of technical Assemblies that have become some of the most popular episodes we have published among paraplanners. Tune in now and find out why.
