By Tom de Plume
As the deadline of the end of the current tax year looms, financial advisers everywhere have been advising anyone who will listen that they only have two days to take advantage of this year’s myriad opportunities to put their money into various savings accounts and investments, tax-free.
Jes Skelam, of Moon, Bust and Wilder, explained, “This really is a great opportunity. Of course, my rich clients are the ones who will be most interested, but for the 97.2% of the population who have been suffering in the present climate, opportunities are still there. Just today I advised a client not to spend 56 pence on a mars bar, but rather put it in a stocks and shares ISA where, in five years time, accounting for the current low interest rate and high rate of inflation, it will be worth approximately 37 and a half pence. Now, before you say it, I realise that is less than the original investment, but the beauty of this investment is that it is... wait for it... TAX FREE! That means that the government, at a time of unprecedented cuts to public services, won’t get its hands on a single penny of the money you’re not making on the money you don’t have. Having spoken to a number of my clients, I understand that is what is really important to them”.
Meanwhile another large financial adviser, Grabbit and Runne, went into liquidation, replacing its website with a link to William Hill and a note to the effect that clients would, frankly, be better off in their hands anyway.
No comments:
Post a Comment