Investment Bonds – Pros & Cons For the Higher Rate Tax Payer
A Life Insurance Investment Bond is widely available for you to invest in. As with many investments, there are advantages and disadvantages to using this form of tax wrapper. One of the main points to bear in mind is that the tax wrapper status of any financial product dictates how much tax you will/won’t pay on the investment at outset, during and at the end of the term. It is the actual funds where the money is invested that determines how much you will get back when the plan matures or you cash it in.
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Categories: Investing