Financial Spread Betting - UK Tax Free Trading
Financial Spread Betting - UK Tax Free Trading
Tax Free Trading!
Financial Spread Betting may have just become an even more attractive option as an alternative trading strategy following the UK Governments decision earlier this year to raise capital gains tax for higher rate tax payers
Capital gains tax for the higher earners was raised from 18% to 28% in the emergency' budget on Tuesday. Basic rate tax payers in the UK still lose 18% of profits to the tax man and anyone earning over 37,401 just saw their profit margin on investments cut by an additional 10% in one fell swoop.
It is hard enough to come out ahead of the game without the tax man then saying, "I'll have some more of that, thank you very much!" - Wouldn't it be fantastic if there way of avoiding this extra drain on profits? What would an extra 18%-28% of profit do for your balance sheet if you could avoid having to pay it out?
Financial Spread Betting
Many traders still don't know much about it, but tax free trading through Financial Spread Betting has been around for a very long time. It originated back in the 1970s with IG Index but has grown extremely popular in the last 15-20 years or so with the advancement of technology and the internet.
The word betting' puts a lot of people off but the fact is that it offers an extremely useful alternative to traders with versatility that they will struggle to find with any other form of trading that is readily available to ordinary investors.
Some are worried that it is not a genuine form of investing and that their money may not safe but, Financial Spread Betting is regulated in the UK by the Financial Services Authority (FSA) and they ensure that the highest standards are maintained.
Some of the better spread trading providers such as IG Index and Capital Spreads ring fence clients money into segregated accounts whereby in the event that the provider itself goes out of business, clients money is ring fenced and safe whatever happens to the Spread Betting Companies.
*Spread trading offers many other advantages over traditional trading and tax free trading is only one of the benefits of financial spread betting but please remember that tax laws can change, and may be different in jurisdictions outside of the UK
**Spread Betting and CFD trading carry a high level of risk to your capital and you can lose more than your initial deposit.
These trading products may not be suitable for all investors so seek independent advice if necessary.
Use our Financial Spread Betting interactive tutorial to see how it all works.
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