Rebate Tax Charge

Recent guidance from HMRC said that income tax will be charged on Rebates paid by Fund Managers from 6th April 2013 where the funds are not under the tax shelter of an ISA, SIPP etc. – Basic rate tax will be will be deducted at source.

Wraps and Platforms like Transact and Fundsnetwork, are responding to this and further details of the implications and options will be covered in our Newsletters as well individual review meetings with clients.