Neil MacLeod: Diversify wrappers to maximise tax-free allowances

Financial planning often requires the ability to recommend a suitable "income" strategy for a client. You could be dealing with a business owner, someone in retirement or the trustees of a trust. But no matter why the income is required, tax efficiency is a key factor in determining what investments are recommended. It's now possible to access the majority of investment funds via most tax wrappers but the tax treatment differs depending on which wrapper you invest in. Creating the right blend of investments for a particular client therefore requires important consideration. In this ar...