Contents
Managing your investment bond
Before making any changes to your bond:
Whether you're looking to top-up, change (switch) the funds your bond is invested in, take a lump sum (full or partial cash-in) from your bond, set up regular withdrawals or change your withdrawal amount:
- Please make sure you understand your options and how they might affect your plan.
- We recommend you get financial advice. See ‘Getting financial advice’ for more information about this.
- Remember that the value of your investment can go down as well as up, so you might get back less than you put in.
Please contact your financial adviser if you want to
- view your bond value
- get a copy of your bi-annual statement
- change your bank details, or
- change your address.
Understanding your options
You may be able to top up your bond, but to confirm this, please contact us.
You can switch your money between funds at any time.
With the PruFund range of funds:
- You can only make one change in to or out of them every three months.
- We don't currently charge you for this switch, but if this changes in the future we’ll let you know.
- Any units we cancel as a result of switches from the PruFund range of funds will be subject to a delay of 28 days.
- The unit price on the final day of this 28 day period will be used as the price of the units for these purposes.
You can
- take one-off withdrawals from your bond.
- fully cash-in your bond.
Depending on which method you choose to make a withdrawal, there can be different tax implications.
- You can set up or change regular withdrawals.
- The minimum amount for a withdrawal payment is £50.
Your bond information and personal details
To update your name, please send us a signed letter that includes:
- Your previous and new name
- Your plan number
- One original document as proof of the change:
- Marriage Certificate
- Civil Partnership Certificate
- Decree Absolute
- Final Order
- Deed Poll
We’ll return your original document once we’ve processed the change.
Where to send your letter
Please send you letter to:
Prudential
Lancing
BN15 8GB
For information on charges and costs please see the relevant Key Features Document, the fund factsheets and read your Key Information Document, relevant Investment Option Document(s) or Fund Managers own Key Investor Information Document(s) as appropriate.
Expected Growth Rates for the PruFund range of funds
Our PruFund range of funds page shows the current Expected Growth Rates (EGRs) for each PruFund fund as well as the International Portfolio Bond EGR. You'll also be able see the historic EGRs as well and any historic Unit Price Adjustments that have been made.
The value of an investment can go down as well as up and the value in the future may be less than the amount invested. For the range of PruFund funds, what you receive will depend on the value of the underlying investments, the Expected Growth Rates as set by the Prudential Directors, our charges, the smoothing process, if there is a guarantee, and when you take your money out.
Getting financial advice
If you’re making an important financial decision, or thinking about your longer term financial health, then we recommend you get financial advice.
- You should speak to your financial adviser if you have one.
- If you don’t have an adviser, you can search for an independent financial adviser by visiting unbiased.co.uk or by calling them on 0800 023 6868.
- You could speak to M&G Advice. Whether it's about financial planning, accessing your pension, making sure you get the most from your tax allowances or protecting your loved ones; whatever your financial goals – we can help.
Next steps
Please contact your financial adviser if you want to
- Switch money between funds
- Set up or amend a regular withdrawal
- Take a lump sum.
If you want to top-up, please call us on 0345 600 0614 or +44 131 608 1767 if calling from abroad.
