We use cookies to improve site performance and enhance your user experience. If you'd like to disable cookies on this device, please see our cookie management page.
If you close this message or continue to use this site, you consent to our use of cookies on this devise in accordance with our cookie policy, unless you disable them.

In association with

Home > Investments > Wraps & Platforms

By Bradley Gerrard | Published May 16, 2012

Fidelity FundsNetwork tweaks tax tool

Fidelity FundsNetwork has enhanced its tax wrapper analyser following changes announced in chancellor George Osborne’s Budget.

The enhanced version, which now incorporates the new rates of income tax announced in the 2012 Budget, enables advisers to conduct a tax analysis of investments placed within various tax wrappers based on current tax rules.

The platform said the tool allows advisers to look at new or existing investments as well as individual parts of the portfolio or specific funds within a client’s portfolio.

Paul Kennedy, head of FundsNetwork tax planning, said said since the tool’s launch in 2008 it had been “one of the most popular” used by advisers on FundsNetwork.

“It covers investment terms from a minimum of one year upwards and the taxation points used to calculate projected returns will occur after April 6 2013,” he said.

“So while the new tax rates don’t come into effect until next year we need to make these changes now to ensure that projections remain as accurate as possible.”

visible-status-Standard story-url-IA web Fidelity tax.xml

Most Popular
More on FTAdviser