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At a time of considerable uncertainty in investment markets, with investor confidence relatively low and appetite for risk understandably depressed, the importance of minimising tax on returns that are achieved is significantly increased.

The main investment wrapper choices all continue to exist largely untouched by the proposals for tax change in this years&#39 Budget.

We cover pensions and life assurance policies elsewhere in this bulletin but in this section we will look at

  • ISAs
  • OEICs and unit trusts
  • Offshore funds
  • The new Child Trust Fund
  • Court Common Investment Funds




No changes have been proposed to ISAs or PEPs.


(i) For UK Investors

No changes have been proposed that affect UK investors.


After the Budget last year a consultation document on offshore funds was published. This proposed, among other things the assessment of income arising under certain offshore roll up (non distributor) funds on an arising basis.

This Budget appears not to have taken further (at least at this stage) any of these proposals.


Long-term loan review &#39is on the wrong track&#39

Lenders and IFAs have denounced the review of the UK fixed rate mortgage market announced by Chancellor Gordon Brown in the Budget, branding it pointless and irrelevant to the majority of borrowers. The Chancellor announced in the Budget he was commissioning a review investigating why there is such a low take up of long term […]

Chelsea site claims DIP in five minutes

Chelsea Building Society is setting up a mortgage intermediary website which it claims can provide an adviser with a decision in principle in five minutes.The site has been developed over the last 12 months and aims to provide a simple and speedy application process for mortgages and allow advisers to review the status of cases.Chelsea […]

Double duty stamped out for Muslims

The Treasury&#39s pledge to scrap the double charging of stamp duty on Islamic mortgages has been welcomed by the mortgage industry as a step towards a level playing field with non-muslims.Under current regulations muslims are effectively forced to rent their property from a specialist financier because they are unable to pay interest under Islamic law. […]

Forsyth explores fixed interest hedge funds

FORSYTH PARTNERS FORSYTH ALTERNATIVE INCOME FUND Type: Hedge fund of funds Aim: Income and growth by investing in fixed interest hedge funds, sovereign, corporate and emerging market bond funds Minimum investment: Lump sum $20,000 Place of registration: Cayman Islands Investment split: 100% in fixed interest hedge funds, sovereign, corporate and emerging market bond funds Charges: […]


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