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02 Feb 2023

AIM Portfolio IHT Plan: 2023, the year so far

Recorded on 31 January 2023.

Despite a positive final quarter, 2022 was a tough year for AIM portfolios. Simon Cleaver, head of the AIM Team at Investec Wealth, looks back over the year and describes some of the factors driving investment performance. He also looks at longer term returns and the effectiveness of the IHT tax break, before setting out current positioning and the reasons why advisers continue to recommend the Investec AIM IHT plan to clients.

AIM Portfolio IHT Plan

The AIM Portfolio is designed to exempt your client’s invested assets from Inheritance Tax (IHT) liability on death and after a period of only two years. It achieves this by investing in shares listed on the London Stock Exchange's Alternative Investment Market (AIM) that qualify for Business Relief (BR).

AIM IHT Plan factsheet Q4 2022

Our investment strategy over many years has been to establish well-diversified client portfolios of up to 40 shares based on our key list of companies, paying particular attention to the ability of the underlying businesses to withstand turbulence in their markets.


The information in this presentation is for private circulation and is believed to be correct but cannot be guaranteed. Opinions, interpretations and conclusions represent our judgement as of this date and are subject to change. The Company and its related Companies, directors, employees and clients may have positions or engage in transactions in any of the securities mentioned. Past performance is not necessarily a guide to future performance. The value of shares, and the income derived from them, may fall as well as rise. The information contained in this presentation does not constitute a personal recommendation and the investment or investment services referred to may not be suitable for all investors; therefore we strongly recommend you consult your Professional Adviser before taking any action. Tax treatment depends on the individual circumstances of each client and may be subject to change in future. All statements concerning tax treatment are based upon our understanding of current tax law and HMRC practise and can be subject to change AIM company shares tend to be relatively illiquid. It may be difficult to sell them or obtain reliable information as to their value and the risks to which they are exposed. The tax relief available may change at any time. IW&I does not guarantee that all investments made will qualify, or continue to qualify for tax relief. Copyright Investec Wealth & Investment Limited. Reproduction prohibited without permission.

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