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Investments, Pension and VCT. We asked our readers a series of questions on leading industry topics, and the answers have been revealed

by | Apr 12, 2024

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GBI & IFA Magazine’s weekly question series polls the past week focused once again on a diverse range of influential topics being widely discussed within the financial services industry, our recent poll series focused on investments, EIS, CGT allowance, and VCT. The results of the polls have since been revealed, and have been highlighted along with the questions, below:

1) Have you seen an increase in investments into EIS from your clients this tax year compared to last tax year?

100% of participants voted that they did notice a difference, with 0% voting that they didn’t see a difference. The very clear majority here noticing an increase in investments into EIS this year, as apposed to the last tax year.

 
 

2) Has the upcoming reduction in the CGT allowance, driven more investors into alternative investments?

The majority of participants voted that they don’t believe that the upcoming reduction in CGT allowance has driven more investors into alternative investments, with this number being 66.7%. 33.3% voted that they do in fact believe that the reduction has driven investors into alternative investments.

 
 

3) Have clients increased their pension contributions since the abolishment of the LTA?

100% of participants voted ‘No’, that clients have not increased their pension contributions since the abolishment of the LTA, with 0% voting ‘Yes’. It is clear that pensions contributions have not in fact increased based on our readers perceptions.

 
 

4) in the four weeks to 25th March VCT investment increased compared to this time last year. Did it increase by 18.8% or 8.8%?

We added a fun little twist for the final question with some trivia! Asking whether VCT investment increased by 18.8% or 8.8%. The correct answer is revealed as a larger percentage of 18.8m compared to this time last year.

 
 

As always, we would like to say a huge thank you to each and every one of our readers and followers who got involved with our most recent question series poll, we highly value being able to gain insight into our readers views and thoughts on many of the factors influencing our industry, so be sure to keep an eye out on our socials next week for the next set of questions!

Discover a selection of Tax Efficient Opportunities on our Open Offers page.

 
 

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