Can I sign my share in our joint investment bond to my wife to reduce tax?
Can I sign my share in our joint investment bond to my wife to reduce tax?
My wife and I hold a joint investment bond worth £230,000. I am retired but still a higher-rate taxpayer. I would like to remove my name from the investment so that my wife – who is a basic-rate taxpayer – can draw funds from it without incurring an additional tax liability.
We hold the investment for growth, and any…