These companies are not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in the United Kingdom.Throughout their history, municipal bonds have generally been viewed as a conservative investment choice for individuals seeking a steady stream of current, tax-exempt income. The Prudential Assurance Company Limited and Prudential Distribution Limited are direct/indirect subsidiaries of M&G plc which is a holding company registered in England and Wales with registered number 11444019 and registered office at 10 Fenchurch Avenue, London EC3M 5AG, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority. Prudential Distribution Limited is part of the same corporate group as the Prudential Assurance Company Limited.
Authorised and regulated by the Financial Conduct Authority. Registered Office at 5 Central Way, Kildean Business Park, Stirling, FK8 1FT.
Prudential Distribution Limited is registered in Scotland. "Prudential" is a trading name of Prudential Distribution Limited. You might need to pay tax depending on your circumstances and the options you choose. There’s more information in our guide to tax on your investment bond. If you take more than this you could create a tax liability. This 5% limit is cumulative so any unused part can be carried forward to future years (the total can't be more than the amount paid in). You can withdraw up to 5% each year of the amount you have paid into your bond without paying any immediate tax. Whether withdrawals from your plan will result in a tax liability will depend on a number of factors including your personal tax position and the timing and amount of any withdrawals. If you’re invested in one of the PruFund protected funds any withdrawals will reduce your guaranteed amount.Withdrawals could also impact your entitlement to tax credits and your personal allowance.Withdrawals could create a tax liability - see ‘tax considerations’ below.Some bonds limit the amount you can take out through regular withdrawals.Withdrawals from the With-Profits Fund may result in a market value reduction which can reduce the value of any withdrawals taken from the fund.There are some important things to consider before making withdrawals: Fully cashing in your plan and closing it down.Taking out part of the plan as a lump sum.Some plans offer alternative withdrawal options, for example distribution bonds will allow you to withdraw the distribution income while with-profits investments will allow you to align regular withdrawals with any annual bonus achieved within your plan – we’ll be happy to discuss these with you if you get in touch.Īs an alternative to regular withdrawals, you could consider: Whether you want to spread your withdrawals across all funds or detail which fund(s) the cash comes from.a percentage of the original sum invested.The amount you wish to withdraw, which could be :.You’ll need to think about the following: Things to consider before setting up withdrawals The value of your investment can go down as well as up so you might not get back the amount you put in. Bonds are usually split into a number of segments, which gives you options when you want to access your cash. How an investment bond worksĪn investment bond is a lump sum investment intended to be held over the medium to long-term (5 to 10 years or more) which invests in a range of funds. To find out more about how we use your personal data please visit pru.co.uk/mydata. If you have any questions once you've read this summary, or need any help understanding your options - just call us on 03 or +44 1 if you're calling from abroad. We might record your call for training and quality purposes. There are a few things you and any other plan owner should think about before you make any decisions. If you're considering setting up regular withdrawals from your investment bond or changing your withdrawal amount, we'll be happy to help. Please be sure you understand all your options and the effect of any changes you make.
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