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Towry Law offers free Isa tax advice

Towry Law is offering a free factsheet to help people understand the new tax rules surrounding Isas and Peps.

The guide, “Isas – Peps Tax Changes”, covers a range of issues to help clients understand Chancellor Gordon Brown&#39s changes to tax rules. It also contains a table of scenarios to help consumers identify their circumstances and how the new rules will impact on them, along with an explanation of taxation rules.

Towry Law product research manager Simon Farrant says: “One rule in particular awaits investors holding unit trusts or Oeics invested in so called mixed funds, which hold over less than 60 per cent of their assets in fixed interest securities. The regulation leaves a trail of complex rules which could see the investor lose some of the tax benefits of these ISAs. A simple solution is outlined to help investors avoid this tax trap.”

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