The MIP revival

They say everything comes back into fashion eventually, and the financial world appears to be no exception. As a result of the changes to pension tax relief, high earners seeking a more tax-efficient solution may well be the convenient trigger to a revival of the somewhat forgotten maximum investment plan (MIP). Already in the past few weeks and months, new and improved versions of these products have appeared, together with their associated marketing brochures and sales pitches. Of course, with any new or in this case ‘refreshed’ product solution it is imperative to look beyond the bell...