[an error occurred while processing this directive]

3.1.5 Tax Treatment Reference should be made to whether the product pays out:- Gross. Net of tax. Tax free. Reference should be made to the investor's tax rate, and whether income tax liability or capital gains tax liability will take the client into the next tax band or over the allowance limits. If this is the case, alternative products may need to be investigated and compared with the key requirements for the product. It should be made clear that decisions should not be taken solely for tax efficiency. The tax element should be merely one of the underlying factors which needs to be considered

[an error occurred while processing this directive]