Ticking Clock for Trustee Tax Rise
Dividend income will be taxed at 42.5% up from 32.5% currently and other income will be taxed at 50% up from 40%.
Such significant increases in the taxation burden for Trusts could have a serious negative effect on the total return from Trust investments.
Now is a good time to review your investments to assess the impact of these changes and to ensure that you are making the most of the tax efficient vehicles that are available to you.
Taking investment advice from an authorised and appropriately qualified firm satisfies the legal obligation of this part of a Trustee’s duty and can reduce the chances of litigation from dissatisfied beneficiaries later on.
Informed Choice has specialist trust and investment expertise, and can help you ascertain appropriate investment vehicles and investment strategies going forward as well as keeping these under regular review.