Take income tax-efficiently and cut your holdings
ames Baxter, managing partner at Tideway Wealth, gives his views in Investor’s Chronicle.
Paul is 63 and his wife is 65, and they are both retired. They receive indexed-linked pensions of £25,000 a year plus £5,000 a year from his self-invested personal pension (Sipp), and they both have equity-focused individual savings accounts (Isas). Although their estate is over the inheritance tax (IHT) threshold, they think that with the introduction of the family home allowance this should not be a major issue.
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