Insurance Bond

 

An insurance bond (or investment bond) is a life insurance policy where you invest a lump sum into a number of assets (typically managed funds).

An insurance bond can be a tax-efficient way to save over the medium to long-term. Whilst some tax is paid within the investment bond, any further tax is only payable when certain large withdrawals are made or the investment comes to an end. As a further benefit, insurance bonds often allow you to assign a proportion of your investment to another individual or trust.

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