Tax-efficient round-up: IHT income option from Seneca; Octopus ISA VCT launch

Seneca's new income paying option called Seneca Preference allows investors to choose a target annual yield of 3% or 5.25%, or a blend between the two. The income will be paid as dividends four times a year in January, April, July and October, into the client's estate for inheritance tax (IHT) purposes.  Seneca believes investors will be attracted to an investment "which can provide them with a regular income but with the added benefit of the capital invested being outside of their estate for IHT purposes". Business development director Ian Battersby said: "We have listened to the ...