Spears Indices
Spear’s Indices are authoritative surveys of the key players and the most respected authorities in the high net worth world. Every issue, we produce another Power Index – from lawyers to property, security to private bankers – and these will be constantly updated on the website as deals are done and profiles rocket. What is most important to HNWs is reliable information, and the thorough research and personal interviews of the Power Indices make them stand out.
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Q
I currently earn over £200,000 per annum and have a portfolio of investments that are actively managed. The gains exceed the annual allowance by a considerable margin. Following the increase in the rate of Capital Gains Tax to 28% announced in the emergency budget, is there anything I can do to reduce my tax bill?
A
One of the simplest things to do would be set up an Offshore Bond to hold your investment portfolio. An Offshore Bond has a number of advantages, including ease of administration, tax deferral and simple access to a range of assets. One of the main drawbacks of managing a portfolio independently is the burden of administration and record keeping.
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