A tax efficient investment with flexibility to help you get the most from your existing bond.
If you're thinking about boosting your retirement plan, or paying for specific life events, you might want to consider topping up your existing bond.
The investment bond is an investment that can adapt as your
needs change. It provides lots of choice, aiming to help you meet your
investment goals. You can invest with the aim of increasing the value of your
investment and/or providing an income.
As an existing
policyholder, the Investment Bond provides a way for you to:
The Investment Bond is set up as an insurance contract, and
includes a small amount of life insurance.
As an existing policyholder you have the
flexibility to pay additional investments of £1000 or more – at any time.
Your investment bond is intended as a medium (at least 5
years) to long term (over 10 years) investment. But you can take money out of
the bond in the following ways:
- you might want to take a regular income from your
bond and aim for the potential growth in your investments to replace what
Please note: there
are no limits to the amount of money you can withdraw, though in most cases, if
the total in your bond reduces to less than £5,000, you’ll need to close it.
When making any
Cash in all or part
of your bond
To help you respond to changing markets or
your own circumstances, you can easily cash
in all or part of your bond. We currently charge you nothing to
cash in early, although a charge could be introduced in the future. Please note
there could be delays whilst you cash in all or part of your bond. Please see
the Investment Matters section of the Policy Provisions for more details.
Tax implications on
There are tax rules
that apply to taking money out of bonds.
Please note: the
bond is not tax free but it does give you the option to defer tax until the
bond is fully cashed in.
There are no hidden charges. We’re always clear about what you are paying.
There’s currently no charge to:
The only charges you'll pay on bond are the fund charges which will vary
depending on which funds you choose.
Please note you also have
the option of paying adviser charges from the bond. For more information please
read the Policy Provisions.
Yes. To help you respond to changing markets or your own
circumstances, you can easily take money out or move it between funds.
There is currently no charge to switch between funds,
although we may introduce a charge in the future.
Please note: there
could be delays whilst you move between funds. Please see the ‘Investment
Matters’ section of the Policy Provisions for more details
The Investment Bond allows you
to set up a gift trust, so you can limit your exposure to inheritance tax and
pass on wealth tax efficiently. A gift trust is an outright gift with no access
to either capital or growth.
Inheritance tax and estate
planning are complex areas. If you want to find out whether holding your bond
under trust might be suitable for you speak to your financial adviser.
Provided your bond is not in trust, you can log in at any time to keep track of your investments, and much more.
If you want a reminder of what your plan has to offer, take a look through our literature library to access useful guides and forms.
See how you could benefit from accessing your investment bond online, whenever you want.
Tax and legislation may change and the information above is our interpretation of current law and HM Revenue & Customs rules. The value of any tax benefits will depend on your circumstances.
Please remember that the value of your investment bond can go down as well as up. It is not guaranteed, which means you could get back less than you originally paid in.
You should be prepared to invest for at least 5 to 10 years.
We may delay, limit or refuse to make payments and fund switches in certain circumstances. Please see the 'Investment Matters' section of the Policy Provisions for more details.
Please remember that past performance is not a guide to future performance.