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Widows shows how to save tax

Scottish Widows is offering a toolkit to help IFAs capitalise on tax-saving opportunities for their clients&#39 personal and stakeholder pensions.

The Maximise the Tax Factor marketing pack is aimed at allowing IFAs to identify potential business while highlighting the tax benefits of pension savings.

It contains information the benefits of a pension as a long-term tax-efficient savings scheme beyond short-term Isa allowances and using bond investments to make payments into a stakeholder. Other examples include how occupational scheme members can boost their tax-free cash on retirement by taking out a concurrent stakeholder scheme and using stakeholder for children to mitigate inheritance tax liabilities. A computer disk has sample approach letters. IFAs can tailor letters.

The pack has been designed to show IFAs how they can carry out tax campaigns throughout the year rather than just in the run-up to the end of the tax year.

Widows is hoping the pack will help IFAs to talk to clients about the opportunities for tax-efficient savings and how stakeholder or a personal pension can form part of a portfolio.

Widows senior marketing manager Jim McCaffrey says: “This is a simple and practical solution for IFAs who are keen to develop business from existing clients but do not have the time to go through a prolonged sales process.”


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