Skandia launches tax tool to meet post-Budget demand

It says the tool should help advisers with high net worth clients following the Government's Budget proposals to introduce 50% tax on income over £150,000 and progressively withdraw personal tax allowances for those with income over £100,000. The Government's plans will lead to increased demand for a mix of investment wrappers which enable capital extraction as well as generating income, according to Skandia. It says collective investments and investment bonds are often compared, with advisers historically choosing to invest in and take withdrawals from one product or the other. Howe...