Tax Efficient Products

Tax efficient products such as Venture Capital Trusts (VCTs) and Enterprise Investment Scheme ( EIS) products are popular with some financial advisors. Our own experience leads us to be cautious about any product sold to save tax. In particular, we have found that what you gain from income tax repayments is often nullified by poor investment performance, high fees and illiquidity. (There is also a lot of compliance – and therefore paper – driven by the fact that the FCA regard these products – rightly – as high risk.)

The exceptions we make are as follows:-

  • Pensions
  • ISAs (Individual Savings Accounts)
  • Inheritance Tax Exempt Savings (Smaller Companies)
  • Forestry