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.
Calculating top slicing relief on a chargeable event gain
This briefing note has been designed to help you understand how top slicing relief is calculated for International and UK investment bonds where an individual is assessed for tax on the chargeable event gain (CEG).
Calculating Top Slicing Relief on a chargeable event gain
Top slicing relief exists to prevent clients paying disproportionate tax when a gain that has accrued over many years is assessed in a single tax year.
This briefing note walks through how top slicing relief is calculated for both UK and international bonds, including how it interacts with the income tax bands and savings allowances. It provides a clear, step‑by‑step framework you can apply to real client cases to help reduce unnecessary tax.
Read more about Calculating top slicing relief for multiple chargeable gains.
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