As we approach the upcoming tax year end, a significant change is on the horizon – the halving of the capital gains tax (CGT) allowance to only £3,000 from April 2024.
This change has direct implications for investors, already impacted by last year’s reduction from £12,300 to £6,000, particularly those with holdings outside of tax-advantaged accounts, such as those invested in General Investment Accounts (GIA).
This reduction in CGT allowance underscores the need for strategic adjustments in investment approaches to manage any potential tax liabilities and may increase the use of multi asset funds as advisers and clients look to manage liabilities going forward.
For GIA investors seeking a solution, the IBOSS OEIC Fund Range is already available as an alternative investment approach. The range, launched in 2016, mirrors our Core MPS asset allocation, and benefits from the same investment philosophy, research, and management team.
Investors have the flexibility to control and strategically time asset disposals to make optimal use of their annual allowances, with all recommended IBOSS investment changes being processed within the fund.
The IBOSS OEIC range is available across a wide range of platforms and products. More information is available here or you can directly contact a member of the IBOSS Business Development Team below to discuss or request more details.
Business Development Team
Tracey Atkin: tracey@ibossltd.co.uk / 07719327524
Dawid Lesniowski: dawid@ibossltd.co.uk / 07907574921
Josh Folgado: josh@ibossltd.co.uk / 07458023166
This communication is designed for professional financial advisers only and is not approved for direct marketing with individual clients. These investments are not suitable for everyone, and you should obtain expert advice from a professional financial adviser. Investments are intended to be held over a medium to long term timescale, taking into account the minimum period of time designated by the risk rating of the particular fund or portfolio, although this does not provide any guarantee that your objectives will be met. Please note that the content is based on the author’s opinion and is not intended as investment advice. It remains the responsibility of the financial adviser to verify the accuracy of the information and assess whether the OEIC fund or discretionary fund management model portfolio is suitable and appropriate for their customer.
Past performance is not a reliable indicator of future performance. The value of investments and the income derived from them can fall as well as rise, and investors may get back less than they invested.
OEIC Fund Range – important information about the funds can be found in the Supplementary Information Document and NURS-KII Document which are available on Margetts’ website or upon request. Margetts Fund Management are our Authorised Corporate Director (ACD) of our OEIC.
IBOSS Asset Management Limited is authorised and regulated by the Financial Conduct Authority. Financial Services Register Number 697866.
IBOSS Asset Management Limited is owned by Kingswood Holdings Limited, an AIM Listed company incorporated in Guernsey (registered number: 42316).
Registered Office is the same: 2 Sceptre House, Hornbeam Square North, Harrogate, HG2 8PB. Registered in England No: 6427223.
IAM 54.2.24
