What alternative investments are there to pensions?

In light of recent pension allowance changes, higher earners* may find it increasingly challenging to find a tax efficient home for their savings. Individual Savings Accounts (ISAs) remain an attractive investment vehicle and are suitable for many clients, though the tax shelter these provide is limited to £20,000 p.a. per person.

It may be that the level of savings you are making can be encompassed by pensions and ISAs, although for many of our clients, something beyond this might be required. This can be done by investing via a General Investment Account (GIA) holding a similar range of investments to those already held in a pension/ISA portfolio, although for those that are happy to take a higher level of risk, we can recommend a number of investments with correspondingly attractive tax benefits.

Our expert teams will get to know your objectives and recommend the most suitable financial plan for you, in line with your risk appetite.  This could mean using savings schemes that attract tax relief and other tax advantages or certain ‘tax preferred’ arrangements, including:

  • Capital Gains Tax (CGT)
  • Venture Capital Trusts (VCTs)
  • Enterprise Investment Schemes (EISs)
  • Business Property Relief (BPR)
  • Tax deferral using offshore bonds for gross roll-up

We will work with you to establish a robust financial plan and recommend suitable options for you, based on the research of our award-winning in-house investment team and technical research team.

*High earners are those deemed to earn more than £150,000p.a., where the annual allowance for pension contributions reduces to just £10,000 for those with earnings above £210,000.

Key Contact

Ian McNally
Ian began his career in Financial Services in 1986 Read More

Tax-Efficient Investing for High Earners

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What alternative investments to pensions are there? (02:23)

Though an important element of financial planning, pensions can be limiting for higher earners. Oliver Cheng explores the alternative investment vehicles we can recommend for our clients, tailored to respective circumstances.