2 May 2018
OEICs are great, they can be practically tax free for some, generating a natural income where it’s required. That could be interest or dividends or both. Withdrawals over the natural income may be taken tax efficient too. You can even cash them in tax free.
Sometimes you might want to wrap your OEIC in a bond wrapper (I’ve assigned using pension and ISA allowances first to the ‘no-brainer’ camp).
We’ve picked our investment dog, it just needs a tax tail.
Read the full article, written by Les Cameron, Head of Technical at Prudential here.
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