Hi All,
I would like to know if you could share:for if anyone whose tax rate is above 32.5% what would you do, apart from investing in more properties or commercial properties, or property development, share investing, super contribution, would you or have you purchased investment bond as part of your investment strategy?
- to save tax ( my understanding is that investment bond income is taxed at 30% and if you hold it for over 10 years, you no longer pay tax)
- you can transfer to others without triggering CG
- and the income does not count as part of taxable income
However i am not sure which providers be better in term of long term performance and fees paid
Would appreciate your thoughts.
Many thanks,
Anne
I would like to know if you could share:for if anyone whose tax rate is above 32.5% what would you do, apart from investing in more properties or commercial properties, or property development, share investing, super contribution, would you or have you purchased investment bond as part of your investment strategy?
- to save tax ( my understanding is that investment bond income is taxed at 30% and if you hold it for over 10 years, you no longer pay tax)
- you can transfer to others without triggering CG
- and the income does not count as part of taxable income
However i am not sure which providers be better in term of long term performance and fees paid
Would appreciate your thoughts.
Many thanks,
Anne
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