Are you ready for a new EU Savings Directive?

Fiduciary Wealth Team

A new EU Savings Directive could be with us before the end of the year which means that many of the loopholes in the 2005 version are likely to be closed. The new directive should include companies and trusts and a much broader range of financial products. There will no longer be any way of getting around the directive by holding assets in a corporate structure. Makes you wonder whether it is worth holding onto expensive arrangements when there is no way of avoiding the inevitable?