The Old Mutual International Collective Investment Bond, gives your clients almost unlimited access to authorised collective investments around the world, in most major asset classes and currencies. By wrapping their portfolio within a Bond, it enables them to change and adapt their investment choice as their needs and circumstances change, without the exit penalties, initial charges and tax liabilities associated with traditional structures. However your clients may be liable for UK Capital Gains Tax (CGT) on the disposal. It also provides estate planning options that enable your clients to pass on as much of their wealth as possible to their family and future generations.
As the Bond is held offshore it is not currently liable to any form of income or capital gains tax on policyholders’ funds. However the bond is liable to withholding tax. It is designed with multiple policies so as to give your clients easy and flexible access to their funds when required, with maximum UK tax efficiency.