To wrap or not to wrap – that is the question
Check your answers
1. From an ongoing tax perspective the key difference between OEICs and bonds is:
a) OEICs produce income, bonds produce gains.
b) OEICs produce capital gains, bonds produce income
c) OEICs produce income, bonds are non income producing
d) both OEICs and bonds are non-income producing
2. The rate of capital gains tax suffered within an OEIC is:
3. Bob and Bill both invested £10,000 in an onshore and offshore bond wrapper respectively. They both bought the same OEIC portfolio and suffered the same charges. They received £1,000 of dividends, £0 of interest and their portfolios had £0 capital gains. Whose bond will have the highest value?
a) it's the same
d) there won't be any growth
4. The 5% tax deferred allowance is available to:a) Individuals only
a) Individuals only
b) Individuals and Trustees only
c) Individuals, Trustees and Corporates
d) Individuals and Corporates only
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