Low awareness of bond tax benefits 'a growing concern for advisers'

This is according to research for HSBC Life UK's report, The Three I's of Investable Capital, which was conducted among 200 advisers from 200 firms, and 1,000 clients. HSBC Life said the low level of awareness and use of key tax benefits offered by inshore bonds, is a major opportunity for advisers to "educate clients about bond benefits as taxation is a growing concern". More than half (51%) of clients said they are worried about tax, with income tax "the biggest concern ahead of inheritance tax and capital gains tax". Head of onshore bond distribution Mark Lambert said the "growi...