Traditional Single Premium UK Products
Offshore Portfolio Bond
A whole of life unit-linked insurance policy allowing multiple lives assured. Investment options are limited to cash, mutual funds, collective investments and discretionary manager services.
Key Benefits
- Tax efficient growth as which allows any investment gains to grow free of most taxes. Income Tax is usually paid when money is taken out.
- No capital gains tax is payable when you switch funds.
- Withdrawals of up to 5% of the initial investment can be taken each year without incurring income tax at that time.
- You have more control over when to pay your tax – for instance you can wait until you are in a lower tax bracket.
- If you intend to move to a country with more favourable tax treatment in the future, you can choose to cash in your bond at that time and potentially pay less tax.
- A wide range of fund choice is available.
Who is it for?
UK residents with medium to high income looking to defer income tax to a later date or because they may move abroad in the future.
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