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

IHT liabilities hit record £7.03bn in 2023-24 tax year

IHT liabilities hit record £7.03bn in 2023-24 tax year

Figures ‘set to accelerate’

Sophia Panayi
clock 30 July 2026 • 2 min read
Advisers urged to review legacy files after Court of Appeal IHT ruling

Advisers urged to review legacy files after Court of Appeal IHT ruling

HMRC is considering its next steps

Isabel Baxter
clock 28 July 2026 • 4 min read
Burnham U-turns on income tax allowance increase suggestion – reports

Burnham U-turns on income tax allowance increase suggestion – reports

Any change would be ‘difficult given the financial circumstances’

Isabel Baxter
clock 22 July 2026 • 2 min read