Is the tax burden for the wealthy set to rise?
With Covid-19 placing ongoing demands on the public purse, the Treasury faces a deficit this year of £322 billion according to the OBR – its highest shortfall in peacetime for 300 years.
As a result, newspaper and economic commentators all seem to agree on one thing: tax rises appear “inevitable”.
If that‘s the case, you could simply let more of your earnings be collected by the taxman. Or you might wish to consider the various tax reliefs HMRC offers for certain types of investments.
So, what could you do if you want to reduce the tax you pay?
A word of caution: the investments described are not for the fainthearted. They invest in small companies, which are by nature riskier than their larger counterparts.
The trade-off is that if you are a high net worth individual or sophisticated investor you could enjoy very significant benefits – whilst also empowering British economic recovery.
Tax rules can change and benefits will depend on your circumstances. This concise 20-page guide is not advice nor a personal recommendation – it simply explains the main facts you need to know, so you can decide if these opportunities are for you.
Yours sincerely
Alex Davies
Chief Executive
Wealth Club Limited
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