Head of Sales - UK
The UK budget is coming on 30th October as you are almost certainly aware of. The amount of noise, rumours, briefings, spin and press commentary ahead of the event has been unprecedented. However, until Rachel Reeves finishes speaking no-one can be certain of what will change; Here are some thoughts:
1) Have you maxed out the amount you can invest in “tax-wrapper”? You can do so in our ISA and SIPP accounts. [Tax treatment depends on individual circumstances and all tax rules may change in the future]
2) If you have unrealized capital gains, have you considered crystallising those now (by selling) so as to lock in the current CGT rates, rather than risk a big hike in CGT next week? We have seen an increasing amount of these trades in the last week.
3) Are you aware that no CGT is payable on the capital gains made from investing in UK Gilts (bonds) ? Whilst the % returns are low, we have seen many of our VIP clients tucking money away in low coupon Gilts… this is because the majority of the investment gain is capital not income, and hence tax free if you are a UK tax payer [coupon is income, whereas if you buy a bond at 95p that matures at 100p, that 5p profit is a capital gain]
4) If you own any AIM listed stocks, have you read about the potential changes in that space ?
5) Have you seen any of the Saxo strategy pieces recently? Here is a good read from our head of fixed income, Althea:
https://www.home.saxo/en-gb/content/articles/bonds/prepare-for-the-uk-autumn-budget-24102024
6) If you have complex affairs, inheritance tax considerations etc, have you considered paying for specialist advice? Using Saxo and then paying an hourly rate for advice will most likely end up far cheaper than using a wealth manager or IFA who charges you a % of your assets.
7) Have you seen our newly enhanced news section on the platform / app? There are lots of informative articles on there from the likes of Wall St. Journal (Dow Jones). Well worth keeping an eye on in the runup to next weeks Budget.
Quarterly Outlook
Chief Investment Strategist
Quarterly Outlook
Head of Commodity Strategy
Quarterly Outlook
Head of Fixed Income Strategy
Quarterly Outlook
Chief Investment Strategist
Quarterly Outlook
Head of FX Strategy
Quarterly Outlook
Head of FX Strategy
Quarterly Outlook
Chief Investment Strategist
Quarterly Outlook
Chief Investment Strategist
Quarterly Outlook
Head of Fixed Income Strategy
Quarterly Outlook
Head of Commodity Strategy
Disclaimer
The Saxo Bank Group entities each provide execution-only service and access to Analysis permitting a person to view and/or use content available on or via the website. This content is not intended to and does not change or expand on the execution-only service. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to Saxo News & Research and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to Saxo News & Research is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on Saxo News & Research or as a result of the use of the Saxo News & Research. Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. Saxo News & Research does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of our trading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws.
Please read our disclaimers:
- Notification on Non-Independent Investment Research (https://www.home.saxo/legal/niird/notification)
- Full disclaimer (https://www.home.saxo/en-gb/legal/disclaimer/saxo-disclaimer)