An exclusive survey of UK-based investors has revealed many investors are in the dark over taxes due on their investments.

• 45% of investors do not have a good understanding of how their investments are taxed 

• Just 40% say their investment strategy is tax-efficient  

• But 37% of investors believe tax efficiency will play a bigger role in their investment strategies amid rising inflation and the economic slowdown 

Jatin Ondhia, CEO of Shojin, said: "Taxation on investments is dominating the headlines. And our timely research has uncovered that many investors are operating without sufficient knowledge of how their investments – and the profits they may generate – are taxed. In turn, the concept of tax-efficient investing is alien to a significant proportion of retail investors. 

“As investors continue to battle with double-digit inflation, tax efficiency must stay firmly on their radars. Setting clear investment objectives and gaining a good understanding of the investment vehicles that can help mitigate the burden of excess tax can go a long way in maximising potential returns on investments."