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Prudential International Investment Bond

The Prudential International Investment Bond has the potential for good returns whilst minimising any tax liability.

  • Tax advantages of a Dublin-based bond
  • Choice of currency options
  • Wide choice of risk-based funds
  • Inheritance Tax planning options
  • Full, partial and regular withdrawals

Key Information Documents (KIDs)

See Key Information Documents below.

  • 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

The impact of taxation (and any tax reliefs) depends on your client’s individual circumstances. Tax rules can also change in the future.

Please remember that the value of your client's investment can go down as well as up and they may not get back what they paid in.

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 documen (PDF)

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 detail on the Capital Redemption option, download our Key Features (Capital Redemption Option (PDF)

Applicable charges include:

  • Annual Management Charge
  • Fund switching charges
  • Charges for guarantees (if taken)
  • Adviser Charges

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

Life cover

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 (PDF).