- Describe the current tax landscape and its impact on individuals.
- Explain the taxation treatment of insurance bonds.
- Identify individuals who may benefit by using an insurance bond wrapper.
Are bonds the answer in the current tax landscape?
About the Event
We are now in 2024/25 and faced with the full reduction in the capital gains tax allowance and dividend allowance. With another two years of frozen rates, bands and allowances and a reduced additional rate threshold, we also have ever increasing tax bills, more taxpayers and more people paying tax at higher rates. Interest, dividend and gains are a fundamental part of investment returns. The individual tax landscape tells us returns should fall. In this session Graeme Robb, Senior Technical Manager and Les Cameron, Head of Technical, consider whether insurance bonds are the answer to achieving higher returns for your clients.
CPD
The events qualifies for up to 90 minutes of Structured CPD accredited by CII and CISI, by the end of the session you will be able to:
OUR SPEAKERS
Les Cameron
Head of Technical, M&G Wealth
Les covers most areas of financial planning, specialising in the pensions technical arena. He joined Prudential in 1997, having held various pensions technical and management roles throughout his career. Les is a Fellow of the Personal Finance Society.
Graeme Robb
Senior Technical Manager, M&G Wealth
Graeme is a Chartered Accountant and Chartered Tax Adviser, specialising in tax and trusts. Graeme joined Scottish Mutual's Technical Support Unit in 1996 providing taxation and trust expertise to its onshore and offshore operations. His role evolved to support other businesses under the Abbey National umbrella - Scottish Provident, Scottish Provident International, Cater Allen Bank and James Hay. Graeme also worked as a Technical Manager for Santander Private Banking UK and has held positions at accountancy firms Ernst & Young and Grant Thornton. 
M&G Wealth is a trademarked brand of the M&G plc group, which includes 3 business divisions as follows:
M&G Wealth Advice as provided by M&G Wealth Advice Limited, registered number: 5739054.
Model Portfolio Services as provided by M&G Wealth Investments LLP, registered number: 0C305442.
M&G Wealth Platform as provided by Investment Funds Direct Limited, registered number: 11444019.
Each legal entity is registered in England and Wales and has its registered address at 10 Fenchurch Avenue, London EC3M 5AG. Each legal entity is also a subsidiary of M&G plc and is authorised and regulated by the Financial Conduct Authority.
M&G plc, incorporated and registered in England and Wales. Registered office: 10 Fenchurch Avenue, London EC3M 5AG. Registered number: 11444019. M&G plc is a holding company, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority.
M&G plc is the direct parent company of The Prudential Assurance Company Limited. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in the United Kingdom.