The International Prudence Bond offers access to a wide range of unit-linked investment funds with the aim of increasing the value of the money you invest over the medium to long-term (around five to 10 years).
This product is provided by Prudential International who are based in Dublin so they offer flexibility along with a wide range of investment choice. Investments with Prudential International grow largely free from tax which could result in a potentially higher return than investments in UK-based funds.
Please note that this isn’t guaranteed and there is the potential that you might not get back the amount you put in.
What is Offshore?
Offshore is a common term that is used to describe a range of locations where companies can offer customers growth on their funds that is largely free from tax. This includes "true offshore" locations such as the Channel Islands and Isle of Man, and other locations such as Dublin - where Prudential International is registered. Tax treatment can vary from one type of investment to another, and from one market and location to another.
Offshore products are perhaps most commonly thought of as offering tax advantages for higher rate tax payers but there are also a number of other aspects that potentially make them attractive for a wide range of customers.
- You can start investing – with a minimum of £20,000, €25,000 or $35,000 and any additional top ups must be at least £15,000, €20,000 or $25,000.
- Choose your currency – if you wish to invest and take withdrawals, there’s a choice of investment currencies, to suit your particular circumstances.
- There is a wide range of investments to choose from – you'll have access to our:
o PruFund range of funds.
o PAC With-Profits Range of Funds
Please note that change in the rates of exchange could also cause the value of your investment, or any income taken, to go down as well as up.
- Flexible options for withdrawing your money – you can take regular or partial withdrawals from your bond at any time. You can set the amount of regular withdrawals and choose how often it is taken, as long as you take a minimum of £75 and leave at least £500 invested in each fund. You can find details of withdrawals in the key features document.
An important point to remember is that the value of your investment can go down as well as up and you may not get back the amount you put in.
Sustainable Finance Disclosure Regulation
The Sustainable Finance Disclosures Regulation (SFDR) is a European Union (EU) regulation designed to help investors by providing more transparency on how financial products, and their underlying investment options can promote environmental and/or social characteristics, or have a sustainable investment objective.
This product promotes environmental or social characteristics. This means that it has one or more funds that promote these characteristics, and/or one or more funds that have a sustainable investment objective.
For sustainability-related information for International Prudence Bond please refer to the documents listed below:
You can get more information on how Prudential International Assurance considers principal adverse impacts of its investment decisions below:
Ⓒ Prudential International
The registered office of Prudential International is in Ireland at Fitzwilliam Court, Leeson Cl, Dublin 2, D02 TC95. Prudential International is a marketing name of Prudential International Assurance plc, a life assurance company operating from Ireland. Registration No. 209956. Prudential International Assurance plc is authorised and regulated by the Central Bank of Ireland. Prudential International is part of the same corporate group as The Prudential Assurance Company Limited. Both The Prudential Assurance Company Limited and Prudential International are direct and indirect subsidiaries respectively of M&G plc, a company incorporated in the United Kingdom. The Prudential Assurance Company Limited is 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.