Investment Bonds
Investment Bonds allow investment in the life funds offered by the bond provider and growth on these funds is then taxed within the bond. One advantage over Unit Trust or OEICS is that a tax deferred income is available from bonds at present, although encashments can produce a liability for income tax in certain circumstances.
There are other specialist and offshore investment products available. Guidance is essential to ensure that appropriate consideration is given to your correct tax position and that the funds are selected suit your requirements.
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Financial Services Authority.
