Portfolio Account - Capital Redemption Option

Portfolio Account can be set up on a capital redemption basis, as an alternative to the traditional life assured bond. A capital redemption bond has no lives assured and can run for up to 99 years.

Capital redemption can have a number of advantages over a life assured basis:

• As the bond will not end on anyone's death, there is more control over when or if tax arises.
• It avoids the possibility of a chargeable event being triggered by a change to lives assured if your client's circumstances change.
• It can be used for long-term tax or investment planning - across different generations.
• It avoids any need to get multiple signatures from lives assured or to disclose their interests.

Capital redemption can be particularly useful for trusts, which will benefit from the facility to plan for the long term, without the unpredictability of the bond ending on a death.

More information can be found on our Portfolio Account page or see the literature section on the right.

Please note that the capital redemption option is not available to UK corporate investors.

Full terms and conditions are available on request.