For UK financial advisers only, not approved for use by retail customers. Click here for the customer website.

Insurance Bonds for Individuals

5 min read 18 Aug 22

Check your answers

1. The requirement for an insurable interest on a life policy dates back to…

a) The Life Assurance Act of 1774

b) The Life Assurance Act of 1974

c) The Life Assurance Act of 1984

d) The Life Assurance Act of 1994

 

2. In an onshore life fund, dividends received are taxed at…

a) 0%

b) 10%

c) 19%

d) 20%

 

3. Under ‘order of tax’ rules, which of these statements are correct…

a) Dividends are taxed before offshore bond gains

b) Rental income is taxed after onshore bond gains

c) Offshore bond gains are taxed before dividends

d) Onshore bond gains are taxed before pension income

 

4. In 2022/23, an individual with zero income can realise a tax free offshore bond gain of up to…

a) £5,000

b) £6,000

c) £12,570

d) £18,570

CPD certificate

Before collecting your certificate please take a moment to provide us feedback on this session, please email prudential.distribution.team@prudential.co.uk

Complete the form below and we’ll email your CPD confirmation to you. Please use the email address that you would usually use when making contact with us.