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Access to the PruFund range of funds

With their unique smoothing mechanism and globally diversified multi-asset portfolios

Tax Efficiency

International bonds benefit from gross roll up, giving your client's investments greater potential to grow free from tax

Tax planning options

Use Prudential’s suite of trusts to help with your client’s inheritance tax planning options

About the Prudential International Investment Bond

About the Prudential International Investment Bond

The Prudential International Investment Bond offers access to a wide range of unit-linked investment funds with the aim of increasing the value of the money your clients invest over the medium to long term (5-10 years).

 

The Prudential International Investment Bond is available as either:

  • A Life Assured option - a whole of life contract written on a single, joint life first death or joint life last survivor basis , or
  • A Capital Redemption option (CRO) – a non-life assured contract with a fixed term of 99 years.

Your clients need to pay a single premium of at least £20,000, €25,000 or US$35,000 when they take out their bond.

 

For the Life Assured option, there is no set investment term of the bond. Both versions of the bond are set up as a group of identical policies, normally 20, available up to 100. Your clients can choose to cash in each policy separately, helping them withdraw money in a tax efficient way.

 

For more detail on the Life Assured option, download our Key Features document

 

For the Capital Redemption option, the bond has a fixed term of 99 years, although it can be encashed at any time. If it is continued for the full term, it will pay a guaranteed minimum amount at maturity. This option can be particularly attractive for trusts, allowing the trustees to choose when to cash it in or instead to keep it going through successive generations.

 

For more details on the Capital Redemption option, download our Key Features (Capital Redemption Option)

Key elements

Eligibility

The owner of the bond must be at least 18 years old at entry. The bond is available to individuals, trustees and corporate Investors and there is a maximum of 10 lives assured.

  • Life Assured option
    • Single life basis - minimum age at entry is three months attained and maximum age is 89 years.
    • Joint life first death basis - lives assured must be between three months and 89 years when the bond is taken out.
    • Joint life last survivor basis - minimum age at entry is three months attained and at least one life assured must be less than 90 when the bond is taken out.

  • Initial premium: £20,000, Euro €25,000 or US$35,000 after any set-up charges.
  • Additional premium (top-ups): £15,000, Euro €20,000 or US$25,000. Please note top-ups are not allowed into a PruFund Protected fund.
  • The maximum total investment across the PruFund Range of Funds is £1,000,000, €1,500,000 or US$1,500,000.
  • There is no maximum for the other funds but if your client wishes to invest more than £1,000,000 you should contact us first.

Clients can:

  • Cash in the bond at any time
  • Take regular withdrawals - monthly, quarterly, six-monthly or annually
  • Take a one-off withdrawal as a specific amount
  • Withdraw up to 5% per year free from any immediate Income Tax liability
  • The minimum withdrawal, of any type, is currently £500 (or currency equivalent).

There are limits to how much your client can withdraw and how much must be left in the bond following a withdrawal. There are restrictions on when money can be moved out of the PruFund range of funds.

Learn more about withdrawals for the Prudential International Investment Bond in our Key Features document

The Prudential International Investment Bond offers an Annual Investment Reward for larger premiums (over £50,000, €62,500 or US$75,000). The premium is the amount invested into your clients bond, after any Set-up Adviser Charge has been paid. The reward is credited each year, on the anniversary of the investment.

Learn more about the Annual Investment Reward feature in our Fast Facts document.

Thanks to Prudential International's location in Dublin, the underlying funds are subject only to withholding tax. As a result, investments have the potential to grow faster than in an onshore bond.

Learn more about tax advantages with the Prudential International Investment Bond in our Key Features document.

Your clients can invest and take withdrawals in any of 6 different currencies, including UK Pounds Sterling, US Dollars and Euros. This gives your clients an opportunity to match investments to their circumstances.

The plan comes with a small amount of life cover and will pay out a lump sum when the person, or people, covered die. This will depend on whether the bond is written on a single, joint life first death or joint life last survivor basis.

The life cover will end if the bond is cashed in.

For more information, please see our Key Features document.

Product features

  • Tax advantages: Your clients investment could grow largely free of tax (other than withholding tax).
  • Wide investment choice: Including the PruFund range of funds.
  • Withdrawals: Your client can take full, partial or regular withdrawals.
  • Guarantee options: Allowing your clients to pick a term to suit their circumstances. The PruFund Protected Funds are currently unavailable to new investments.
  • Annual Investment Reward: A bonus added from the first anniversary of the bond, creating extra value for investments of £50,000/ €62,500 /US$75,000 or more.
  • Choice of currency options: Including for making the initial investment, for the investment funds and for withdrawals.
  • Inheritance Tax planning options: A wide range of trust options available for use with the Prudential International products.

Risks

  • Tax rules can change and the impact of taxation and any tax relief depends on your clients individual circumstances, including where they live.
  • Please remember that the value of your clients investment can go down as well as up and they may not get back what they paid in. When they take money out and/or when we take a charge this will reduce the value of their investment.

Key documents

Adviser documents

Client documents

Access all Documents

Product Documents Key Information Documents

Tools & calculators

Prudential Trust and Application Form Tool

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Fund Reporting Tool

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Investment options

The Prudential International Investment Bond offers access to a broad range of funds, including Prudential’s Multi-Asset funds and our Risk Managed Active and Risk Managed Passive funds.

Your client can invest in up to 10 funds at a time to suit their investment needs. For more information on the available funds please see our Prudential International Investment Bond fund list.

Download the fund guide for more information on investment options.

PruFund

Our range of globally diversified, expertly managed multi-asset solutions, offering the potential for growth. Their established smoothing mechanism aims to provide clients with a less volatile investment experience.

PruFund Growth

  • Aims to maximise growth
  • Currently invests in UK and International equities, property, fixed interest securities, index-linked securities and other specialist investments
More information EGR & UPA

PruFund Cautious

  • Aims for steady and consistent growth through a cautious approach to investing
  • Currently invests in UK and international equities, property, fixed interest securities, index-linked securities, cash and other specialist investments
  • We may occasionally move outside this range to meet the fund objectives
More information EGR & UPA

PruFund guarantees

We offer guarantees for the PruFund Protected Cautious Fund. At the end of the selected guarantee term the fund will be worth at least the amount your client invested (subject to charges, enhancement or withdrawals).

Guarantee Options

Risk Managed

The risk-managed range of funds aims to achieve the right mix for your client’s portfolio with a balance of cost, investment styles and a choice of five risk levels.

There are two ranges: Risk-Managed Active and Risk-Managed Passive. The funds are available across a wide range of platforms.

Risk Managed Active

  • A range of multi-asset, Open Ended Investment Company (OEIC) funds
  • Fully-diversified actively managed
  • The funds invest across a broad range of asset classes, designed for medium to long-term investment (5-10 years or more)
More information

Risk Managed Passive

  • A range of multi-asset, Open Ended Investment Company (OEIC) funds
  • Offers a lower-cost investment option with the benefit of a multi-asset approach
  • The funds invest across a broad range of asset classes, designed for medium to long-term investment (5-10 years or more)
More information

Charges & costs

For more information on the standard charges & costs deducted and where you can go to get further information please refer to the Product Charges.

All of the funds have an Annual Management Charge (AMC). In addition to our charges, there may be further costs incurred, which can vary over time. Where these are applicable, they are paid for by the relevant fund and will impact on its overall performance.

The Annual Management Charges and the current expected level of these further costs are set out in the current "Statement of Charges" for this product but they may vary over time.

Your clients can switch money between funds without charge up to 20 times in any 12 month period, after that we’ll apply a charge.

For more details of these charges, refer to the Key Features document.

The PruFund Protected Funds are currently unavailable to new investments.

The PruFund Protected Funds have an additional annual charge for the guarantee. We take this charge monthly in arrears by cancelling units.

The level and shape of Adviser Charging is agreed between the Adviser and their client.

There are three main charges:

  • Set-up Adviser Charge: deducted from the initial investment before it is invested in the bond.
  • Ongoing Adviser Charge: regular deductions which will count towards any maximum limit for withdrawals from the Bond.
  • Ad hoc Adviser Charge: can be used to meet one-off charges.

Further details on Adviser Charging can be found in our Fast Facts Adviser Guide.

Signatureless process

Process

 Further Requirements

All documents signed:

  • Scan and email to us

Applications not signed:

  • Scan and email to us, copies of the application and signatureless declaration

Make sure that any additional anti-money laundering requirements are emailed to us too.

Please note that the client’s tax details must be must be completed in the Tax Residency Self Certification (TRSC) form and signed by the client. 

Please also note that the declaration of non-Irish residency is a statutory requirement and therefore requires a signed client declaration. A fully completed and signed scanned copy is acceptable.

Process Further Requirements

All documents signed:

  • Scan and email to us

Application not signed:

  • Scan and email to us, copies of the application and signatureless declaration

Make sure that any additional anti-money laundering requirements are emailed to us too.

Signatureless declaration must be appropriate to who is applying.

If the company investment is a single director, a witness signature is required and we cannot accept this as a signatureless declaration.

Please note that the client’s tax details must be must be completed in the Tax Residency Self Certification (TRSC) form and signed by the client.

Please also note that the declaration of non-Irish residency is a statutory requirement and therefore requires a signed client declaration. A fully completed and signed scanned copy is acceptable.

Process

 Further Requirements

All documents signed:

  • Scan and email to us

Trust deed signed, but application not signed:

  • Scan an email to us, copies of the application and signatureless declaration

Make sure that any additional anti-money laundering requirements are emailed to us too.

If a trust deed is not signed we cannot accept this as a signatureless declaration.

Please note that the declaration of non-Irish residency is a statutory requirement and therefore requires a signed client declaration. A fully completed and signed scanned copy is acceptable.

Process Further Requirements

All documents signed:

  • Scan and email to us

POA signed, but application not signed:

  • Scan and email to us, copies of the application and signatureless declaration

Make sure that any additional anti-money laundering requirements are emailed to us too.

Signatureless declaration must be appropriate to who is applying.

Please note that the declaration of non-Irish residency is a statutory requirement and therefore requires a signed client declaration. A fully completed and signed scanned copy is acceptable.

 

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Prudential International Investment Bond ✔     ✔    
International Portfolio Bond ✔ ✔ ✔ ✔ ✔ ✔

What documents can e-signatures be used with?

Accepted Not accepted
  • Application forms

  • Non-Irish residence declaration

  • TRSC forms

  • Full and partial encashment forms

  • Regular withdrawal forms

  • Change of address forms

  • Fund switch request forms

  • Nomination of beneficiary forms

  • Fund advisor forms

  • Adviser charging instruction forms

  • Investment adviser appointment forms
  • Power of Attorney documents

  • Wills

  • Prudential International (PIA) trust deeds

  • Bespoke trust deeds (non-PIA trusts)

  • Assignments/change of ownerships

The signed document must include an audit review summary page that confirms:

  • Unique document identifier

  • The names/email addresses of the parties that have e-signed a document

  • The dates and times it was e-signed

  • The IP address of the location that it was signed, additionally it may contain the MAC address of the electronic device that was used

The form will not be accepted if it does not include the audit review summary page.

We can only accept application forms and documentation from the following approved e-signature providers: 

  • DocuSign

  • Xodo Sign

  • Adobe Sign (this excludes Adobe Fill & Sign)

  • Advicefront

  • HelloSign

  • Legalesign

  • Nitro Sign

  • RSign

  • SignNow

  • Standard Chartered eSign

  • E-Sign

  • Signable

For more information, please contact your Prudential Account Manager.

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"Prudential" is a trading name of Prudential Distribution Limited. Prudential Distribution Limited is registered in Scotland. Registered Office at 5 Central Way, Kildean Business Park, Stirling, FK8 1FT. Registered number SC212640. Authorised and regulated by the Financial Conduct Authority. Prudential Distribution Limited is part of the same corporate group as the Prudential Assurance Company Limited. 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. 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.