Neil MacLeod: Diversify wrappers to maximise tax-free allowances

Allowances and exemptions

clock • 4 min read

Neil MacLeod talks diversification of tax wrappers in his latest article for Professional Adviser

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...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

Mitigating CGT becoming more important for clients

Mitigating CGT becoming more important for clients

A quarter of planning firms flag this, Saltus research finds

Sophia Panayi
clock 16 June 2026 • 2 min read
IHT on pensions: Advisers on a new way of working

IHT on pensions: Advisers on a new way of working

‘It has shifted the timing and focus of conversations’

Jenna Brown
clock 10 June 2026 • 8 min read
New tax powers can trace money – home and away

New tax powers can trace money – home and away

Tightened border controls could trigger tax probes

David Morley
clock 10 June 2026 • 3 min read