Portfolio insurance bonds can be efficient tax wraps

Few of us would consider carrying around our personal possessions in a black plastic bin-liner but that effectively is what many of us are doing with our financial possessions. This is because most of us hold our investments directly as 'naked owners'. The use of an appropriate wrapper to hold our financial possessions is analogous to using a suitcase or trunk for our personal possessions, which can be safely stored in the aeroplane's hold while we travel, unhindered, in comfort. We can, of course, carry on a limited amount of baggage with us on to the plane but that should be for immediate...