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Until recently, cash has been an overlooked asset class which now, following OCR rises, is back in the spotlight as higher interest rates have made cash attractive again.
At the same time, the Government has announced that the trust tax rate will jump from 33% to 39% next year. This means investors need to carefully consider the product type they invest in.
With a top tax rate of 28%, Portfolio Investment Entities – or PIEs – will soon offer up an 11% difference for many investors – and that will have a significant impact on the long-term compounding returns investors receive – not just for cash but also for shares and bonds.
These decisions the Government and Reserve Bank make are constantly moving to control the economy. However, if you have your investments managed by Hallam Jones we will monitor these changes on your behalf, so you don't need to worry.
Want to find out more? Simply give Mark Jones a call on 0800 404 202 or send him a message
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