Key Takeaways
- Learn how to calculate a partial disposal
- Understand how the part-disposal calculation can be applied to a projected multi-asset fund in the decumulation phase
- Understand how part surrenders from a General Investment Account (GIA) can be made without incurring a capital gains tax (CGT) liability to support retirement income
- Understand what equalisation payments are and when they are paid
- Learn how the equalisation payment affects income tax and capital gains tax calculations
- Get to grips with the effect of equalisation payments on the acquisition cost of funds
- Understanding the dividend allowance
- How to invest in dividend yielding assets without being affected by the dividend allowance
- Why the dividend allowance is actually an income tax nil rate band rather than a true allowance
