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.
Chargeable event gains, the starting rate band and the personal savings allowance
Learn about chargeable event gains, starting rate band, and personal savings allowance in this informative guide. Maximize your tax savings today.
Learn how chargeable event gains are taxed in the UK
Chargeable event gains on investment bonds* sit within the complex interaction of personal allowances, the starting rate for savings and the personal savings allowance.
This briefing note explains how these allowances operate in practice where chargeable gains are treated as savings income, and why onshore and International bonds can be taxed differently. It will help you understand the order in which income is taxed and how to structure withdrawals to make the best use of available allowances.
Read more about how chargeable event gains are taxed.
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The impact of additional investments
Explore the merits of taking a partial withdrawal across the whole bond using the 5% tax deferred allowance, versus fully surrendering an individual policy.
Order of Taxation
Learn how different types of income are taxed and how they fit into a client’s income tax calculation.
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*Whole of Life Assurance Policy or Capital Redemption Bond