For UK financial advisers only, not approved for use by retail customers. Click here for the customer website.
Strategies for managing cash on a balance sheet
60 min watch 22 Dec 22
7 Dec 22
With today’s low interest rates and high inflation, keeping money in the bank comes at a price. And as inflation is high with bank interest rates low, the spending power of cash kept in the bank falls further and further.
Graeme Robb, Senior Technical Manager, M&G Wealth, joined the Institute Chartered Accountants England and Wales (ICAEW). They covered the overreaching concerns of directors with regard to surplus cash, the potential impact on Inheritance Tax (IHT) & Capital Gains Tax (CGT), Insurance Bond & Open-Ended Investment Company solutions and also Accounting and taxation issues.
© Prudential 2022
"Prudential" is a trading name of Prudential Distribution Limited. Prudential Distribution Limited is registered in Scotland. Registered Office at 5 Central Way, Kildean Business Park, Stirling, FK8 1FT. Registered number SC212640. Authorised and regulated by the Financial Conduct Authority. Prudential Distribution Limited is part of the same corporate group as the Prudential Assurance Company Limited. The Prudential Assurance Company Limited and Prudential Distribution Limited are direct/indirect subsidiaries of M&G plc which is a holding company registered in England and Wales with registered number 11444019 and registered office at 10 Fenchurch Avenue, London EC3M 5AG, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority. These companies are 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.