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INVESTMENT PRODUCTS
PRUDENCE INHERITANCE BOND
Discount Figures
Mortgage Products
Legacy
Disclaimer
Pension Products
Contact
Protection Products
Investment Products
General
PRUDENCE INHERITANCE BOND
As the policyholder is entitled to income payments from the Bond, the value of the initial gift may be discounted for Inheritance Tax (IHT) purposes. The amount of any reduction will depend on a variety of factors, including the life assured's age, sex and state of health when the Bond is taken out.
To calculate the discount we obtain a General Practitioner's Report (GPR) which allows us to assess the policyholder's health. This normally allows us to determine whether we can provide an estimate of the discount. In some circumstances we may also require a Medical Examiner's Report (MER). There may be instances where due to the health of the life assured, we may not be able to give an estimated discount.
