Tax hikes make PIEs shine
Speaking on the release of Kernel Wealth Management’s new tax guide for international equities, CEO Dean Anderson says, tax should be part of all investment planning and client advice.
He hopes the new paper, developed with My Fiduciary, will make advisers aware that tax differences between various products can make a meaningful difference to returns. That scrutiny should extend to the complexity or paperwork burden around meeting tax obligations.
“It should be part of the consideration, particularly when we go into a period where returns are lower, as tax is something we can control.”
Since Kernel’s last tax guide came out in 2020, the main change in the tax regime has been the introduction of a 39% trust tax rate. Although the report was written before the newly announced 39% tax rate, advisers can still look at it through that lens, says Anderson.
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