IFA firm fights corner for cash investment bonds for wealthy

The IFA firm's director Marcus Carlton says higher rate taxpayers can benefit from tax breaks of up 7.95%, as well as better gross equivalent rates, by choosing investment bonds that invest in cash. Investment bonds can also give better security than online accounts offered by foreign lenders, he adds. The group recommends bonds such as the AIG Premier Bond as a 'must have' for a higher rate taxpayer’s savings portfolio. Carlton says: “While an AIG bond will deliver similar 6% plus gross returns for higher rate tax payers (6.13% for no notice accounts, typically 6.8% for notice accounts) ...