Gold savings scheme based on F&C trust

Foreign & Colonial is introducing the Gold Investment Account based upon the Foreign & Colonial Investment Trust, writes James Thorneley. The saving scheme, which is only available to investors via an IFA, is designed for lump sum investments with no upper limit and a minimum of £15,000. Top ups may be made from £1,000 upwards. It is aimed at those investors who wish to ensure their money is managed in a tax-efficient manner by taking account of the new CGT rules on taper relief. The Isa Gold offshoot of the product would automatically transfer money each year from the investment trust i...