New tax code on retirement

jem16

EdInvestor wrote: »

These people on higher salaries are still likely to pay less tax using their ISAs and investing directly after next April because the rate of CGT will be lower than the tax rate on gains within the bond.

Making assumptions again.

A person with a 30k salary would not normally use an income based investment strategy except in an ISA or other tax free instrument.

Not what you said earlier.

A basic rate or lower taxpayer need not pay tax on either dividends or capital gains if investing direct outside the bond

and

There is no tax to pay on dividends as they are covered by the tax credit.So a person investing 200k could take 5% (10,000) in divis and a further 9,200 (4.6%) in capital gains from the investment each year total 9.6% return all tax free. No further tax to pay of any kind at any time.It's really quite simple.

The problem is Ed, that when people point out flaws in your generalisations you keep changing the goalposts.