As you build an investment portfolio, you probably consider your asset allocation and how that relates to your risk tolerance. But don’t confuse asset allocation with asset location, a straightforward process that could minimise taxes. It’s a simple yet powerful strategy you can easily incorporate into your investment planning. What is asset location? Different types of
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We have updated our guide to actions that could be taken to minimise taxes here. Key points include: Income Tax: Strategies are suggested to reduce taxable income, such as making pension contributions and redistributing investments between spouses to effectively use personal allowances. Capital Gains Tax: The guide discusses annual exemptions and the importance of timing
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The US Securities and Exchange Commission (SEC) recently approved a new investment fund focusing on Bitcoin, a popular digital currency. This move has sparked much discussion about investing in cryptocurrencies, known for their big price swings. What’s New? In January 2024, the SEC approved investment funds that directly follow the price of Bitcoin. These funds
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Significant changes that the Government has made to ISAs (individual savings accounts) will come into force on 6 April 2024. If you haven’t heard about the new ISA rules, we have summarised them below. So, what are the changes? The minimum age for opening an ISA will increase to 18. From then on, you will
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