[Caroline and Dave]

Not 100% sure what all this means, some good, some bad?
http://www.deloitte.com/dtt/newsletter/0,1012,sid%253D25054%2526cid%253D120804,00.html

opinions from the tax experts please


Caroline and Dave

[Trigirl]

we've been tracking this bit of legislation quite closely because of the potential long term effect on funds held overseas. at the moment the it relating to overseas funds is a bit up in the air after they had a lot of objections to the proposal. it looks like they might now run with a system where they tax profit (including unrealised growth) on overseas funds up to a maximum of 5% each year. its still under discussion though.

most of the other changes seem pretty positive i guess - encouraging saving, tax breaks if you invest in managed funds etc etc.