Withdrawals
7.5% Withdrawals
- For all new Bond business taken out on or after 11th December 2006, and subsequent increments to these, your clients' will have the option of taking regular withdrawals of up to 7.5% a year of the total amount invested.
- If all or part of your client's investment is in either of our With-Profits funds the limit on withdrawals will remain at a maximum of 5% a year.
- For Bonds taken out before 11 December 2006, and any increments made to these, your clients will still only be able to take a maximum of 5% a year.
Remember that taking withdrawals will reduce the value of your client's investment and may be greater than any growth achieved causing capital to be depleted. Taking withdrawals above 5% may result in a tax charge to your client.
Tax treatment depends on the individual circumstances of each client and may be subject to change in the future. Tax rules can change.
Additional Commission
