The impact of additional investments top ups on chargeable event gains
This Briefing Note discusses how additional investments affect:
Our Briefing Note ‘Taking money from a bond’ explores the merits of taking a partial withdrawal across the whole bond using the 5% tax deferred allowance, versus fully surrendering an individual policy. While the best solution depends on the client’s situation, it can be more difficult to pin down if an additional investment or top up has been made to a bond.
This Briefing Note discusses how additional investments affect:
- Number of years for top slicing purposes
- Chargeable event gain calculations (final and excess)
- The 5% tax deferred allowance calculation
- Adviser charging