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Fidelity tools help with wrapper calculations

Fidelity FundsNetwork is offering a set of online tools to help advisers calculate the asset classes and returns that perform best in different types of tax wrapper.

Advisers can input the amount they are investing for a client, the assumptions they are making about the investment performance and calculate the most efficient wrapper for the whole portfolio and for individual elements.

Speaking at a Fidelity round table debate last week in London, FundsNetwork head of trusts and tax planning Paul Kennedy said the best performance is achieved through matching the wrapper to the asset class.

Kennedy said: “Different types of return are taxed differently from wrapper to wrapper. Pick the wrong tax wrapper and you effectively cause one of the best-performing funds to become mediocre.”

Lowland Financial managing director Graeme Mitchell says: “A tool that helps advisers make these technical decisions for individual clients could be very helpful.”


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