Seneca has added a quarterly income option to its range of business relief-qualifying investments, while rival Octopus will allow people to invest in its venture capital trusts through ISAs. Here's the latest tax-efficient news...
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 ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
