Women and financial flexibility to benefit the family

Years ago a young couple came to see us about placing some investments. The male partner wanted to place some investments in his girlfriend’s name. Our advice was to invest funds half each in their individual names and not jointly. In this way if the relationship stands the test of time, both partners have accumulated investments which can be used to further the relationship in the future. It is best to have investments in each individuals’ names rather than in joint names. In this way pro ts can be extracted and structured to affect one partner at a time and allow control over the level of capital gains tax and which partner is the best one to take the taxable gain in a particular tax year.