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'I didn't use an Isa – how do I avoid a huge tax bill?'

Portfolio Clinic: Our reader has amassed a good level of wealth, but one big mistake could cost him dearly. Dave Baxter looks at the options
March 22, 2024
  • This reader has a good level of assets, but has £229,000 in shares held outside of an Isa
  • How can he avoid a huge tax bill and make the best use of his portfolio?
Reader Portfolio
Thomas 69
Description

Pension, shares, modest Isa, property

Objectives

Reduce tax liabilities and grow pension at 5 per cent a year

Portfolio type
Managing tax

Investing for the long term can often seem simple enough: put money to work, don't forget to diversify and stick to the process. But those who have successfully amassed wealth over time can often find this brings complications.

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