Tax year-end planning: Leave no stone unturned

Tax year-end planning has often been focused around maximising ISA and pension contributions, and utilising any unused additional allowances. Although these factors still remain at the heart of financial discussions at this time of year, for advisers with clients in need of an income, the often overlooked capital gains tax (CGT) exemption provides another opportunity. Some 80% of the UK's wealth now belongs to the baby boomer generation, many of whom are in or reaching retirement. However, a lot of these individuals are finding themselves in a situation whereby they are capital rich and ...