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02.10.2023

How Investment Bond Structure And Tax Advantages Can Help You Pass On Wealth

Goddard Perry Consulting Ltd
Goddard Perry Consulting Ltd
Financial Adviser

How Investment Bond Structure And Tax Advantagesโ€ฆ

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How Investment Bonds Structure and Tax Advantages Can Help You Pass on Wealth

Investment bonds offer several benefits that you may be missing out on and have become more beneficial due to recent changes in tax regulations following the Chancellors decision to reduce the Capital Gains Tax (CGT) Allowance from £12,000 to £6,000 this year and to £3,000 in April 2024.

  1. Zero ongoing reporting and no CGT charges for changing funds – One of the key advantages of investment bonds is that they are not subject to CGT. Onshore bonds are treated as having already paid 20% tax on any gains when calculating a chargeable gain.  The actual amount deducted is likely to be less than this amount.
  2. Mitigate IHT - Additionally, investment bonds can help with IHT planning as if held in a trust, they can be exempt from IHT after seven years.
  3. Contributions and taxation - There are no restrictions as to how much is invested in Investment bonds. Investors can withdraw up to 5% of their initial investment each year without triggering a chargeable event or incurring an immediate tax liability.  Furthermore, top slicing is available to reduce the tax liability when a chargeable event does occur. 

Do you want to learn more about utilising bonds as part of your investment plan?

Please contact Goddard Perry Consulting to arrange to speak to one of our Financial Planners.

  • Capital Gains Tax
  • Taxation
  • Investment Planning
  • Investment Bonds
  • Investment Advice
Goddard Perry Consulting Ltd
Goddard Perry Consulting Ltd
Financial Adviser

Goddard Perry Consulting is a firm of independent financial advisers specialising in providing financial planning advice and business solutions.
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