Mark Devlin: When keeping things tax-free is not tax-efficient

'Tax-free isn’t always tax efficient'

clock • 7 min read
Mark Devlin: "Tax-free isn’t always tax efficient."
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Mark Devlin: "Tax-free isn’t always tax efficient."

Getting the right combination of ‘tax-free’ investments during the client’s lifetime can deliver fantastic results, but keeping things tax-free may not always deliver the most tax-efficient outcome and, more importantly, the highest net return, explains Mark Devlin...

The term ‘tax-free' is used frequently in financial planning in relation to ISAs, pension commencement lump sum (PCLS), beneficiary's drawdown etc. But it's often a misnomer as there are some taxes...

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