Advisers are increasingly considering the role of onshore investment bonds as a tax-efficient alternative to general investment accounts (GIAs), according to a report from HSBC Life (UK).
The report The Three I's of Investable Capital 2025 found that 58% of advisers want more information and support from providers to navigate recent changes to capital gains tax (CGT) rules. The government has cut the annual CGT exemption to £3,000 (from £12,300 in 2023) and reduced the dividend allowance to £500, while increasing CGT rates to 18% for basic-rate taxpayers and 24% for higher-rate taxpayers. HSBC Life said these changes are prompting more clients and advisers to consider the benefits of onshore bonds, particularly for clients looking to manage complex tax positions more effi...
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