Aug 10, 2016
Last week we looked at choosing a platform, and I said that a platform was essentially just an admin system which allows you to hold different kinds of accounts . But which tax wrapper is best for which situations? This week we're looking at choosing the right account...
This podcast is brought to you with the help of Seven Investment Management, a firm of investment managers based in London. They specialise in multi-asset investing, bringing institutional investing techniques to ordinary people like you and me. 7IM put their name to my show and to my site because they believe in what I’m doing, trying to get decent, easy-to-understand financial information out to the world. I’m very grateful to them for their support. You can see what they’re up to at 7im.co.uk
I’ve said countless times on this show that simple is best. I come across clients with lots of different tax wrappers with loads of different providers, and with no cohesive strategy for how these disparate plans are intended to achieve their aims. Most people need two kinds of accounts, or tax wrappers: one for medium term savings, and one for longer term. Let’s dig into that now, and look at everything you need to KNOW and everything you need to DO, to choose the correct tax wrapper for the job…
I love to read and respond to your comments, so please do join in and share.
Question: Which account(s) are you saving into? Why did you choose one over the other?
If this show is of any use to you, it would help me massively if you would take the time to leave me a review on iTunes. This has a huge impact on keeping me near the top of the rankings, which in turns helps more people to find the show and to subscribe. Just click the button below: