Features & Benefits of Investment Bonds in the North West
Set up regular income payments
Choose from a wide variety of investment funds
Switch funds – currently free of charge
Life cover of up to 101% of the value of the bond (increased to 110% in cases of accidental death)
Extensive range of trusts for inheritance tax planning
Eligibility
Minimum investment of £10,000
Minimum age of 18 for plan holder
You need to be a UK resident, including corporations and trustees
The value of your investment bonds
The value of your investment bonds in the North West can fall as well as rise depending on investment performance (and currency exchange rates where a fund invests overseas) and you could get back less than you invested. This type of investment does not offer any guarantees.
Charges, limits and terms may change from time to time.
Tax on Investment Bonds
All gains and income earned within an investment bond are taxed at 20% and paid directly out of the investment bond.
Withdrawals of up to 5% a year are allowed for up to 20 years without incurring an additional tax charge.
If you don’t use your 5% allowance in a given year, the allowance is carried over to the following year i.e. if you make no withdrawals in year one, you could draw up to 10% the following year without incurring a tax liability.
So if you’re a higher rate or additional rate taxpayer, paying 40% or 45% tax on income in the current tax year, investment bonds in Liverpool can minimise your income tax bill.
Interested in Investment Bonds in the North West?
Contact us today for a free consultation on where to get started, or check out our social media for more information our advisors can give you the best guidance on where to start.