Onshore
Issued in the UK, we pay the tax on any income and gains within the funds. This means basic rate taxpayers won’t pay any more income tax when the bond is cashed-in.
Save & Invest
Helping you reach your life goals
Our range of UK and International investment accounts are designed to help you achieve your goals, whatever stage of life you’re at. Whether you want a straightforward investment bond to help make the most of your money, or an account that gives you greater flexibility and choice over your investments.
The different ways to invest with Canada Life
Offshore
Issued outside of the UK, often from Ireland and the Isle of Man. These bonds can be more tax-efficient and offer a wider range of investment options.
Accounts we offer
Select Account
A simple, onshore investment bond
- Simple, transparent charging structure
- Phased investment option
- Unlimited free switching between funds
- Regular withdrawals option
Learn more
Delta Account
A simple, offshore investment bond
- Unlimited free switching between funds
- Tax-efficient growth
- Invest in sterling, euro or US dollars
- Regular withdrawals option
Offshore Savings Account
A simple, tax-efficient savings plan
- Open an account with just £500 a month
- Tax-efficient growth
- Invest in sterling, euro or US dollars
- Flexible payment and withdrawal options
Premiere accounts
Premiere Account and Premiere Europe Account
Our most flexible offshore accounts
- Our widest range of investment options
- Tax-efficient growth
- Invest in sterling, euro or US dollars
- Regular withdrawals option
Elite and Prestige Account
Greater protection for large investments
- Minimum investment level of £1 million
- Unrivalled level of investor protection
- Tax-efficient growth
- Regular withdrawals option
What are the risks?
The value of your investment can go down as well as up and you may get back less than you invest. Tax rules depend on the type of investment and individual circumstances and may change.
Compare investment products
| Select Account | Premiere Account | Premiere Europe Account | Delta Account | Elite and Prestige Accounts | Offshore Savings Account | |
|---|---|---|---|---|---|---|
| Issued from | Canada Life (UK) | Canada Life International (Isle of Man) | Canada Life International Assurance (Ireland) | Canada Life International (Isle of Man) | CLI Institutional (Isle of Man) | Canada Life International (Isle of Man) |
| Minimum initial investment | £5,000 | £50,000 | £50,000 | £3,000 | £1 million | Zero (or £7,500 if regular premiums are not used) |
| Regular premium option | No | Yes, minimum of £2,500 a month | Yes, minimum of £2,500 a month | No | No | Yes, minimum of £500 a month |
| Investment choice | Over 150 insured UK life funds | Any permissible fund plus cash deposits and the segregated portfolio service | Any permissible fund plus cash deposits and the segregated portfolio service | Over 150 insured Isle of Man life funds | Any permissible fund plus cash deposits | Over 150 insured Isle of Man life funds |
| Maximum number of sub-policies | 999 | 99,999 | 99,999 | 10 | 998 | 10 |
| Bond currency | £ | £ $ € | £ $ € | £ $ € | £ $ € | £ $ € |
| Free fund switching | Yes | No | No | Yes | No | Yes |
| Platform / DFM links | No | Yes | Yes | No | Yes | No |
| Capital redemption option | No | Yes | Yes | No | Yes | No |
| Learn more | Learn more | Learn more | Learn more | Learn more | Learn more |
Your investment choices
Why choose Canada Life for saving and investing?
A guide to Investment bonds
Discover investments bonds with information about onshore and offshore bonds
Guide to investment bondsLearn more about investing
Next steps
Need an adviser?
Get a tailored quote for this product from a financial adviser. To find one, visit Unbiased.
Customer support
Find answers to commonly asked questions, helpful links, tools and contact details.
Get in touch
Contact our onshore team
0345 606 0708
Contact our offshore team
+44 1624 820 200
Monday – Friday 9am to 5pm