Cofunds, a platform for financial products, has rolled out a new service designed to make it easier for advisors to compare different types of tax wrappers to judge after-tax performance.

The new product, called the Wrapper Selector Tool, has been built in partnership with tax consultancy Technical Connection. It is designed to provide advisors with an indicative wrapper comparison, based on clearly stated assumptions within the tool and case related details entered by the advisor.

The sort of details in question will include the different outcomes after tax from using each of the main retail portfolio wrapper types available on the platform - namely UK bond, offshore bond, UK fund and offshore reporting fund.

The tool uses information to provide the comparative tax efficiency of the portfolio wrapper types, which is particularly useful following recent UK government hikes to capital gains tax.