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Direct Investors at Tax Year End

5 min read 19 Jan 23

Tax Year End is a time where many routine planning jobs will be considered, making use of the Capital Gains Tax (CGT) exemption, making your ISA contributions and possibly getting your portfolio in the best shape for the coming tax year.

For many years this may have become almost business as usual. But given the changes to dividend and CGT in the Autumn Statement, it’s perhaps a tax year to pause for thought.

On this event Les Cameron, Head of Technical at M&G Wealth, looked at the current tax landscape and what it means for those holding investments directly. He also looked at our new Tax Wrapper Comparison Tool and how it can help you with your analysis.

Les was also be joined by Cat McInally, Investment Business Development Manager, who brought the attendees up to date with our current insurance bond offerings and how our investment solutions can help you deliver good client outcomes.

Following the session you should now be able to:

  • Describe the Income Tax and Capital Gains Tax treatment of directly held investments
  • Evaluate the benefits of holding investments directly through an insurance bond wrapper

To claim your CPD certificate, test your knowledge with the questions below.

Write down your answers to each of the following questions and check your answers when you click to claim your CPD certificate on the link below.

Test your Knowledge

1. The new CGT Annual Exempt Amount for individuals from 23/24 will be

a) £1,500

b) £3,000

c) £12,300

d) £6,150


2. The rate of tax on dividends within onshore insurance bonds is

a) 0%

b) 8.75%

c) 33.75%

d) 39.35%


3. CGT losses incurred in a tax year are offset against gains before the annual exempt amount is deducted. Is this

a) True

b) False

Check your answers

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