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Investing for tax-free dividends

In Brief: Investing for tax-free dividends

Tuesday, 05 March 2019

Diversifying your investment portfolio could help to maintain growth of income; with the end of the tax year in sight many use Venture Capital Trusts (VCTs) as a financial planning tool. VCT’s give the chance for investors to support the growth of small UK businesses and receive attractive tax reliefs in return. Often they appeal to high earners with total income over £150,000 who are affected by the tapered pension annual allowance and who want to reduce their Income Tax bill. A VCT is a company whose shares trade on the London stock market. Investments in VCTs carry tax relief to encourage you to invest in these smaller, higher-risk companies. Seeking professional financial advice could help you to manage your investment portfolio.

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Please be aware these articles are for general information purposes only and correct at time of printing. We will not accept responsibility for any errors made or actions taken by any readers that have acted on the information contained. Answers given are for guidance only and specific advice should be taken before acting on any of the suggestions made. All information is based on our understanding of current tax practices, which are subject to change. Always remember when investing, past performance is not necessarily a guide to future performance and the value of some investment units can fall as well as rise.