OCTOPUS Investments has launched a low risk product, which it says can mitigate inheritance tax (IHT) and generate income.
The Octopus Inheritance Tax Income fund is designed to offer investors a low risk, two year solution to IHT and will pay a yield of at least 3pc a year. Octopus said it will rebate all or part of the annual management fee charged should the annual income from the fund fall below 3pc. The fund will invest in wholesale companies listed on AIM and the main risk – credit risk of the underlying customers of the wholesale companies – will be insured out. Simon Rogerson, chief executive of Octopus Investments, said: “Investors want to mitigate IHT but are very risk averse and worry abou...
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