Tax efficient investment for higher rate tax payer

Bastiat

Is there any tax-efficient investment other than ISA, premium bonds and pension contributions for higher rate taxpayers?

xylophone

http://www.pfpg.co.uk/cms/document/Tax_Efficient_Investments_2014_15.pdf
might be worth a look?

Bastiat

Thanks. Curious if anyone here has invested in VCTs or EISs before?

pjread

Not yet but very tempted by VCT's at the moment...

kidmugsy

Bastiat wrote: »

Thanks. Curious if anyone here has invested in VCTs or EISs before?

I looked at EISs once: we're not rich enough to want to take the risks. I doubt that the minimum subscriptions are low enough for us either.

On VCTs I've never really been interested, though jamesd's advocacy is beginning to get through.

atush

Go to the pensions forum and search on jamesd.

he is a big fan.

TheTracker

I've some EIS investments through Seedrs. Time will tell! Example: I put some money into FreeAgent on Seedrs recently. Cracking product, good company, but could lose my capital easily. Do it for tax efficiency not scoring big.

puk999

Bastiat wrote: »

Thanks. Curious if anyone here has invested in VCTs or EISs before?

I've not, but I found the guides on VCTs at BestInvest very helpful for a newbie like me.

bigadaj

Just starting to look at vcts, with a view to investing minimum sums in one or two over the next few months, still a few grand.

Also considering building up some zeroes to use up cgt allowance in the future, they've had problems in the past but the principle is sound.

pjread

bigadaj wrote: »

Also considering building up some zeroes to use up cgt allowance in the future, they've had problems in the past but the principle is sound.

Que? What do you mean?

kidmugsy

pjread wrote: »

Que? What do you mean?

Presumably ZDP i.e. zero dividend preference shares - the return comes as capital growth. We owned some years ago: very effective they proved back then. Visit the aic website to learn more.