Life Assurance Policies
Posted: November 25th, 2017, 10:41 am
I doubt many readers of this site use life assurance policies as an investment platform. But if they do, the recent Budget has removed a tax break in that Capital Gains made in the name of the insurer still had an indexation allowance.
This is reported in a sensationalist manner by the Mail.
http://www.dailymail.co.uk/news/article ... h-tax.html
Policyholders in with profit funds may see lower bonuses, although you cannot cut below zero. Those in unitised funds may see less price growth. Alternatively holders of shares in life assurers may see reduced profits.
Holders of pension policies ought not to be affected.
This is reported in a sensationalist manner by the Mail.
http://www.dailymail.co.uk/news/article ... h-tax.html
Policyholders in with profit funds may see lower bonuses, although you cannot cut below zero. Those in unitised funds may see less price growth. Alternatively holders of shares in life assurers may see reduced profits.
Holders of pension policies ought not to be affected.