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CGT and dividend allowance changes: what do they mean for bonds and GIAs?

Tax and trusts

Wednesday 22nd February 2023





CGT and dividend allowance changes: what do they mean for bonds and GIAs? Recorded on 22 February 2023.

Big reductions in allowances for capital gains tax and dividends announced in last November’s autumn statement invite the question: should we be re-thinking how we use investment bonds and GIAs?

In this lunchtime Assembly online, we were joined by Les Cameron from M&G Wealth to dig into the topic and consider the consequences for paraplanning of the changes. 

Over the course of the hour we covered:

  • the tax landscape and recent changes
  • how the internal tax on investment bonds works
  • pros and cons of each tax wrapper
  • planning opportunities before and after tax year end
  • how rebalancing, bed and ISA, DIMs and self assessment fit into planning

We concluded by taking a look at M&G’s new tax wrapper comparison tool.

Listen to this Assembly

As you can see below, we’ve published this Assembly as our latest podcast episode. Because Les is talking about the contents of a presentation, it’s definitely worth downloading his slidedeck (opens in PowerPoint online) and following along if you can.

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Les Cameron
M&G Wealth

Les leads the M&G Wealth Technical Team working to maintain their position as one of the most widely respected technical support units in financial services.

A fellow of the PFS, Les spends his time reading, writing and speaking about pensions, tax and trusts to our internal stakeholders, press, paraplanners and financial advisers.

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Useful links

M&G Wealth have created a page on their website where you can download the case study, the solutions, resources AND complete a brief test to obtain your CPD certificate for taking part. To visit, just tap the link below.

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