Taking money from a bond
Learn how to take money from an investment bond. Discover the differences between partial and full surrender, and how they affect tax and allowances.
Assignment or Appointment
Explains how the ability to move the tax on a chargeable gain can be a valuable tax planning tool.
Learn how assignment of an investment bond and trust appointments work in the UK
One of the advantages of investment bonds* is the ability to move the income tax point away from the original owner to another. This strategic planning benefit can be used with investment bonds held individually or within a trust and when coupled with an effective exit strategy can help reduce the income tax payable on a chargeable gain.
Transferring rights under a trust or investment bond can unlock powerful planning opportunities, but the terminology and tax consequences of an “assignment” versus an “appointment” are easy to muddle.
This briefing note explains the key differences, when each route may be appropriate, and how they affect ownership, control and tax. It is designed to help you structure changes to trust and bond arrangements with confidence and avoid unintended outcomes.
Read more about assignment or appointment in investment bonds.
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*Whole of Life Assurance Policy or Capital Redemption Bond