Spreading your risk
History has shown us that investing a large amount of your wealth in any one single company can be risky. In other words, don’t put all your eggs in one basket! This is why many people choose to diversify their shares, investing across a range of investment types and in many different sectors, to spread their investment risk.
Protecting your investment returns
It is also important to consider how tax could impact the returns you receive from your investments. There are number of tax allowances available to you that can reduce or remove the tax burden, however careful planning is needed to make the most of these. Holding your investments in an ISA will protect you from future tax on investment returns. A General Investment Account (GIA) might be considered if your ISA allowance has already been used, and careful management of your capital gains tax exemption may limit any tax charge.
Why use this service?
Deciding how to invest your money can be daunting. Not only is it important to make sure you are investing in a way that meets your needs, you also need to consider how tax will impact you. This is where a my wealth Adviser can help you. Whether you hold BT shares from maturing share plans, or are looking to invest for the first time, a my wealth adviser can talk you through your options and advise you on the right course of action for your circumstances. If you would like a call back to chat please add your details below.