Pollen street and biopharma for tax free dividends using the £5,000 starter savings tax allowance.
Pollen street investment trust presently on 14% dividend a product of a merger which will result in a lower dividend about 11%. Interest rates increases will push up its returns but only marginally. Debt sectors of investment trusts require a complexity premium. This merger has led to an extremely complex company. Resulting in a 45% discount.
Biopharma lends to pharmaceutical companies it will be getting a higher returns in the medium term from its loans. But it only trades on 5% discount and a 7% dividend…not very complex?