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.