A trust is a legal arrangement where assets such as cash, property or investments are given to someone to look after for the benefit of a third person, saving on tax in the process. Put savings in a trust for your children and it will not count towards your inheritance tax (IHT) bill.

This can protect assets from divorce or the bankruptcy of a beneficiary, and the trustees can control who benefits, what they benefit from, when they benefit and how the money is invested.

There is a catch, however. While these assets do not form part of the beneficiary’s estate for IHT purposes, the trust itself is liable to 20% IHT at inception if the amount invested exceeds the donor’s £325,000 “nil rate” band, and it may be liable to up to a further 6% on every 10th anniversary. This is can still better from an IHT perspective compared to if the assets were held outright by the individual, leading to IHT being payable on their death.

Use Investment Bonds 

Investment bonds are life insurance policies where you invest a lump sum in a variety of funds. Some run for a fixed period, others have no set term.

When you cash in such a bond, how much you get back depends on how well or badly the investment has performed. All gains and income earned within an investment bond are taxed at 20%, while withdrawals of up to 5% a year are allowed for up to 20 years without incurring an additional tax charge.

One tax-efficient device is to gift a bond to another taxpayer — such as a child or grandchild — before cashing it in, so the original policyholder can avoid paying income tax, as well as inheritance tax.

Alternatively, if the original policyholder is able to reduce their income in the tax year in which the bond is cashed in — perhaps by not taking a bonus from their company, or turning off income withdrawals from a pension for a year — then they may be able to withdraw money personally at the basic rather than the higher rate, known as “top-slicing”.

But beware some heavy charges with these products.

Today’s National Day

NATIONAL LOVE PEOPLE DAY!

PUBLISHERS NOTICE

Streetwise Member Makes $400,000

Dear Streetwise Customer,

Streetwise member Roger Woodman tried making money from the financial markets for YEARS with little success.

In his own words…

“I bought many, many courses, spent thousands of pounds on webinars, books, systems … At the end of it, I worked out that I’d made precisely nothing.”

Maybe you can identify with how he felt?

Well, it all changed for Roger when I personally introduced him to my good friend and expert trader Guy Cohen …

In Roger’s own words … “Trading with just Guy’s system, I’ve made over $400,000.” 

That’s a pretty big difference … From “precisely nothing”, to over $400,000, right? 

And this success has enabled Roger to live the kind of retirement life he’s always dreamed of. For example, here he is pulling up into Guy’s driveway in his rather swish new car (Guy often meets with his students to help them) … 

 Better yet, with Guy’s system Roger has never been chained to his computer desk all day … 

He says, “It takes me about 30 minutes a day … remarkably little stress … very little drawdowns. If I have got drawdowns, they’re peanuts.” 

It’s no wonder he calls Guy’s trading system a “godsend”. 

And here’s the good news for you … 

I’ve persuaded Guy to hold an exclusive live training session for Streetwise members. 

During this short training he’ll walk you through the exact same 3-step system that made Roger $400,000. 

And even show you how to automate it so you can profit in less than 30 minutes per day. 

The training takes place at 8pm on Thursday. 

And it’s absolutely FREE.

Reserve your free spot now. 

Who knows … 

Maybe you’ll become Guy’s next protege and make nearly half a million dollars too! 

But that can only happen if you attend. 

Reserve your spot now. 

Best wishes,

 John Harrison 

PS. 

Of course, Roger isn’t the only person whose life has been transformed by Guy’s trading system. 

There are COUNTLESS others too, like … 

• Chloe Hung who made $6,528 in 100 days … and then another $32,616 after that!

• G Lawrence who made $26,733 in 9 weeks …

• And Alan Tunnicliffe who says the extra $1,288 tax-free income he’s making “will make a huge difference to my life right now”.

 Guy even helped well-known online business coach Simon Coulson make $25,356 in just six weeks … and that was with ZERO prior trading experience! 

Want to become Guy’s next success story? 

Join his free training now.

Tax-efficient incentives to invest in entrepreneurship and start-ups were introduced in the 1990s and have been hugely lucrative for wealthy investors in recent years — although the rules have been tightened of late to prevent abuse.

There are two vehicles to invest in: venture capital trusts (VCTs) and the Enterprise Investment Scheme (EIS). VCTs were introduced by the Conservatives in 1995 as a way of providing funding for early stage private companies with the potential for long-term growth. These companies often have unproven business models, and as a result have a high failure rate. VCTs therefore tend to spread these investments across a range of businesses to mitigate risk.

The benefits of a VCT include 30% income tax relief on an investment of up to £200,000 (assuming it is held for five years). In addition, any capital gains and dividends received are free from tax.

EIS shares were introduced in 1994 and allow you to claim back up to 30% of the value of an investment as income tax relief. Again, these are investments in early-stage companies. There is no minimum, but most investment managers will expect you to put in at least £10,000, which would save you £3,000 in income tax. You can purchase a maximum of £1m worth of EIS shares in a year. Dividends are taxed but not capital gains — and you can write off losses against other taxes.

The average VCT has been lucrative for investors, delivering a 140% total return over the past decade. About £250m has been invested in VCTs so far this year — up 4% on 12 months ago.

Suffering From A Tax Conscience 

Ministers and officials ate £3 million worth of biscuits in a year and spent £45 million on taxis to move prisoners and staff around the country.

More than £20 billion is lost through public sector fraud and £15 billion on duplicated procurement across Whitehall departments and councils.

The Home Office spent £427,000 on rubber bullets that the police are not even allowed to use.

Crawley Council spent £5,070 on 12,200 hot drinks from vending machines for employees, when the equivalent number of tea bags would have cost £200.

Today’s National Day

NATIONAL ASK A STUPID QUESTION DAY!

PUBLISHERS NOTICE

Dear Streetwise Customer,

If I could show you how to stake £30  in order to WIN £80… knowing that with just a few clicks of your mouse you could AUTOMATICALLY  get back your initial £30 if the result didn’t go your way… would you give it a go? 

How about £44 to make £132? 

Or £104 to make £320? 

Well the bad news is I can’t…but the good news is that I know a man who can! 

Tony Langley is a legendary name in sports betting circles, and now he has broken new  ground…  an  amazing  new  ‘no fear’  betting  strategy  where  you  can AUTOMATICALLY recover your original stake if the result goes against you! 

Impossible? Well take a look here and decide for yourself.

Until today this has only been made available to Tony’s small insider circle, but now he’s released just fifty places on his Gladiator Trading System to Streetwise customers.

I’ve been in and around sports betting for many years, and I’ve never seen anything as clever as this. It’s genius!

I’m expecting demand to be through the roof on this. Once you learn how to do it…and Tony leaves you in no doubt…you’ve got a ‘can’t lose’ strategy you can use for life.

Take a look now.  https://gladiatortrading.com/streetwise

Kind Regards 

John Harrison
Publisher

P.S  With the new football season now under way, there couldn’t be a 
          better time to start cashing in on this.

Britain is on the verge of new PPI claims. You could claim back thousands, for over the years PPI was sold to millions of loan-takers, despite many never being able to claim its benefits thanks to multifarious small-print exclusions.

With hefty commissions on offer, banks feverishly sold PPI regardless of whether it was of any use to the customer. Since 2010 more than £35bn has been handed back in compensation to mis-sold customers.

Claims were meant to end last August. But there is a new scandal that could lead to further claims. The issue now goes beyond miss-selling and focuses on the commission banks earned from insurance firms when they sold PPI. A large percentage of the PPI premiums customers paid went towards the commission, not the insurance. In some cases 97% of customers’ payments went to the salesman. The salespeople benefited disproportionately, and they were paid fat commissions.

Those fat commissions might be about to be repaid.

The good news for customers is that you may be able to get money back, even if you weren’t mis-sold PPI, seeing as more than two-thirds of the premium was going to intermediaries, not for the product.

The Financial Conduct Authority (FCA) ruled in 2017 that the banks should refund the excess when commission payments made up over 50% of a premium. But several people have successfully gone to court to argue that their PPI policies were unfair and have won far more of the commission back. This could open the legal gates for everyone to reclaim all of the commission they paid.

In one case a customer discovered that a PPI policy sold by Citibank funnelled 95.2% of the premiums towards commission. Citibank must now repay £7,954.

A new round of PPI claims is likely about to start, in earnest. Be sure to recheck any policy taken out to see if you could benefit.

Don’t Run A Business – Licence Instead  

For many people, the hassle and risk of running a business just isn’t for them. They have a great product or service idea but lack the skills or motivation to carry it forward. Rather than let the idea wither and die, there is a solution, one that leaves the production, marketing, research, sales, accounting and distribution headaches to someone else.

Licencing has grown in popularity in recent years. In the USA alone, it’s a $500 Billion industry. Many of the products you see on sale today have been developed by individuals and then licenced to major corporations in return for a royalty. Perhaps this type of arrangement could be something that would fit in with your plans. For many, it’s the perfect solution.

Today’s National Day

NATIONAL GOOD NEIGHBOUR DAY!

PUBLISHERS NOTICE

“How To Beat This Crisis!”

Dear Streetwise Customer,

By any measure, the last few months have been traumatic.

I’m not going to dwell on the details – you’re already being bombarded with the negative news from all angles and it feels like there’s no escape.

You know what’s happening…but maybe you don’t know what to do about it.

The scale and duration of the   health risk remains uncertain, but the economic impact is likely to be felt much more widely and be much longer lasting. Anyone running a pub, restaurant, café, bar or any other kind of hospitality or events business faces an uncertain future – as does anyone whose business relies on face to face interaction with their fellow humans. In fact this is likely to have a knock-on impact on businesses we haven’t even thought about yet.

And  yet  those  people – just  like  everyone  else –  needs  to  continue making money.

They need to keep a roof over their head, food on the table and be in position to go again when all this ends and we get back to normal.

What if there was a way to make as   much  money as  you  need (and  a great  deal  more) without leaving home – one which can not only  survive the crisis we’re currently experiencing, but actually thrives from it?

If you were to design a money  making  strategy  from  scratch  to  take
advantage of   the  circumstances  we’re  currently  experiencing,  this  is exactly what you’d come up with – a business where…

How do I know this is perfect for now? 

Because the guy who developed it is something of a recluse.

He started self-isolating years ago before it became a thing, and has run this business from the top of a French mountain, from a remote Swedish farm and from the wilds of northern Scotland.

If you’re looking for an insurance  policy  that  will  enable  you  to  make money without leaving home to steer you through this crisis and beyond, I can genuinely think of nothing which fits the bill more closely.

Take a look now and respond today.  In every crisis, there are opportunities.

Even if you’ve looked at doing something like this before and decided against, think again. Now is the time.

Click HERE for more information

Kind Regards,

John Harrison

  P.S Uncertain and volatile times are precisely when this works best. 
         What other opportunity can you say that about? 

http://www.streetwisenews.com/wizard