Collective Bonds give you almost unlimited access to authorised collective investments around the world, in most major asset classes and currencies. By wrapping your portfolio within a Bond, it enables you to change and adapt your investment choice as your needs and circumstances change, without the exit penalties, initial charges and tax liabilities associated with traditional structures. However you may be liable for UK Capital Gains Tax (CGT) on the disposal. It also provides estate planning options that enable you to pass on as much of your wealth as possible to your 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 you easy and flexible access to your funds when required, with maximum UK tax efficiency.
Collective bonds are available to invest in the Collective Investment Bond and the Collective Redemption Bond.