FundsNetwork bids to dispel investment bond CGT myths

It has put together a white paper for advisers designed to counter what it describes as a “knee-jerk” reaction to the Budget announcement. Written chiefly by FundsNetwork director of tax and trust planning, Paul Kennedy, the paper says the CGT changes have tipped what was a fairly balanced consumer decision toward investment bonds. It argues the debate is not as clear-cut as some commentators claim, and says it is important advisers understand how certain investment classes are taxed differently from wrapper to wrapper and how this can affect the investor’s ultimate return. “The importan...