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Octopus launches Aim IHT Isa

Octopus Investments has launched an Aim inheritance tax Isa following recent Government rule changes.

Octopus says the product has been designed to take advantage of the Government’s new Isa rules, introduced last month, which allows Aim shares to be included as part of Isas.

The rules allow investors to get full relief from inheritance tax on their Isa savings, as a number of Aim-listed companies shares are eligible for business property relief.

BPR allows shares in a qualifying company that have been held for for at least two years to be exempted from IHT, so long as they are held at the time of death.

Octopus says the Aim IHT Isa will therefore become exempt from the tax after two years.

The product is the latest in a range from Octopus based around BPR.

Octopus business line manager for IHT Mark Williams says: “The Octopus Aim IHT Isa now means investors no longer need to lose out by selling their Isas prematurely to avoid incurring IHT, which we have seen happen previously.”

Octopus head of smaller companies team Richard Power says: ‪”The Aim market includes a number of the most dynamic and high growth smaller companies in the UK.‬

“‪Compared with larger FTSE companies, which are covered by many analysts and attract greater investor attention, smaller companies can offer significant value and potential for earnings growth through careful stock picking.”

Consilium Financial Planning managing director Kevin Morgan says: “This industry has always been innovative in bringing out new products when legislation is changed. I am sure this will be a success.”



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