All projected returns are net of tax, including any corporation tax.
Projected returns do not take account of any personal tax that may be due. Investors should be aware that the target returns may not be the final return received. It should also be noted that tax rates may change in the future which will have an impact on the projected returns envisaged at the outset.
If investors are unsure on how this will impact their return then they should speak to a professional adviser.