Investment wrappers are government approved schemes to encourage affluent people to save and also provide investment capital into smaller businesses, whilst reducing their tax burden. In this video, we will look at the typical UK wrappers which include Individual Savings Accounts (ISAs), Venture Capital Trusts (VCTs) and Enterprise Investment Schemes (EIS). One of the main benefits of these wrappers is that income can arise on the investments within it and these can be tax free. Additionally, the investments within a wrapper can also be bought and sold without capital gains tax arising.
Key learning objectives:
Understand the key characteristics and benefits of an ISA
Understand the key characteristics and benefits of a VCT
Understand the key characteristics and benefits of an EIS
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