Investment bonds
Savings and investment advice” width=”200″ height=”133″ />An investment bond is a whole of life policy, usually paid for with a lump sum. Proceeds can be taxable if the investor is a higher rate or lower rate taxpayer.
The money invested is used to buy units in a selected fund. Most companies offer a wide range of funds from low to high risk.
5% of the original investment can be withdrawn each year for 20 years (until the entire original capital is returned), deferring taxation until final encashment.
An investment bond is intended as a medium to long term investment. If you withdraw from this investment in the early years, you may not get back the amount you invested.
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