There’s a little-known kind of account which ANYONE who pays income tax can potentially benefit from. It’s been out of favour for a …
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There’s a little-known kind of account which ANYONE who pays income tax can potentially benefit from. It’s been out of favour for a …
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30 comments
How about the internal taxation of the investment bonds. While comparing the same chargeable gain with top slicing relief and capital gain tax from a general investment account, chargeable gain maybe more favourable. Will the same investment grow faster in a general investment account than bonds?
I'm a retired widow and debt free. I don't have a lot, but have everything I need. Finally living in peace. I earn 26k weekly in electric vehicle charging station and solar energy investments. It's been a game-changer for me!
Thanks, this helps. My parents have 1, setup in 2007. They have no idea on what or why they have it and I need to understand it now.
Thank you for all the information
Bonds are definitely back on the scene, great video, thank you Pete.
Do investment bonds in discretionary trusts pay the 10 year trust charge?
But if a vulnerable beneficiary recieved money from an investment bond in a trust then that would affect benefits wouldnt it?
Is it a strategy to take the tax free cash from a DC pension and put that into an onshore Investment bond?
I love your videos, have leant so much from all those advises. Thank you ! I wonder if you could you make a video about how to protect your asset and your company after the dead of sole director shareholder, who would be in charge and running the company, what happens to those investments in that company and what to do now to avoid the disaster whicj will end up of loosing everything ? It’s one of most important matters but don’t see many YouTubers mentioned it on here. Many thanks .
Pete, I hold sterling short term money market funds in my vanguard sipp, are these funds protected via fcsc scheme? I'm being told different answers?
Hi. I think what this example doesn’t show is that in the GIA the growth hasn’t been taxed as you go along. So the 30k of growth in the bond would have to be compared with, I think, 36k of growth in the GIA (20%). Or have I got that wrong?
Thank you. This is the first time I have understood top slicing relief despite having tried to read up on it! (Had to watch that part twice though!)
Once again a brilliant video!!!🙂🙂
This has been great for my R03 revision, thanks Pete!
I think great for 20% tax payers can have IHT benifits too Charges can be high ??
Hi Pete. Sounds interesting; potential answer to a future problem? It's likely that in decades to come I or family will need fund a stay in a care home. Taking £££ out of a pension for this – increases draw, so means falling into a higher income tax bracket. Could IB's be used to defray the tax, which only arises due to the need to fund the care home??
Also, are there other ways to minimise tax on the draw needed for care homes??
All interesting stuff… thanks!
I didn't follow your point about use for a vulnerable benefiary of a trust? I thought a major benefit of a discretionary trust was that those assets were not "owned" by the vulnerable benefiary for means testing purposes. The investment bond therefore adds nothing in that respect (though it may do in terms of tax)?
I've been administrating my late mother's estate and there were some investment bonds in the mix that transferred to my father. I couldn't get any information from the provider, originally Friends Life but now absorbed into Aviva. Your video has been very useful in helping me to understand what they are and how I should deal with them on behalf of my father. Thank you.
Great video on a little known subject Pete. I think people will be asking ok where would I buy one of these bonds……?
Congrats on the 100,000 subs , well deserved!
I’m struggling with these, in one of your podcasts you brought it to life with an example, could you perhaps consider doing a vid with an example? Key is strategy for me, in general terms ofcourse 😊
You lost me about a third of the way in…..my head hurts 😂
May I request that you do a video on UK Treasury Bills and their taxation. These are now available to individual retail clients on the Freetrade app/platform.
Say for example, I had £50k worth of shares a number of years ago, but now those shares are worth less. If I sell up, do I still have to pay capital gains tax?
Reminds me of the old Life Insurance ISA.
I think this needs a much deeper explanation. Are they a fixed return ? Can anyone buy them ?
When my Father died we were advised by an IFA to put £100K into Irish Nationwide in some kind of bond. When my Mother died quite a few years later they were worth about £95K so there were no worries about capital gains !
Great video, I've been looking for a good explanation for about 3 months. If you ever had time to go into more details with examples I would really appreciate it.
Helpful video. One area not covered is fees. I have heard that investment bonds often come with high fees, would you be able to cover that in a future video ?
Thanks so much for making a video on investment bonds! There’s a real lack of reliable information on this topic.
Oh at the full term nxt yr choice is, let it roll or take the funds out!
So let it roll an keep savin.
Congrats on the 100k mate.
Allo Pete, just opened my second 1yr triple saver/bond from Natwide tday.
Ideal for savin but you can only take funds out three times in the yr.
Ideal for long term savin if you don’t have a lump, an for those that have a hard time keeping the stuff.
Have March done, April tday, three more around the yr endin January.
This gives you ex at tough times of the yr either with or without a retirement fund.❤❤🙏🙏🪬🪬🥃🥃💎💎🇬🇧🇬🇧