Filling the gap

clock

Lucy Foster discusses how investing in the Enterprise Investment Scheme can benefit wealthy clients' retirement planning

Retirement income planning for high net worth savers became a bit more complicated after 5 April 2011  when the tax relief on pension contributions was reduced from £255,000 to £50,000. One option to fill the gap is the Enterprise Investment Scheme (EIS), which offers generous tax reliefs for investment in early and growth stage businesses. Savers can invest up to £500,000 in the current tax year, rising to £1m in 2012/13, and benefit from 30% income tax relief. EIS also offers CGT deferral relief, tax free gains and IHT relief after an investment has been held for two years. Inves...

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 uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •