Your options are either:
We can explain these options if you get in touch.
As an alternative you might want to consider taking regular withdrawals.
If you’re thinking about taking some or all of the money from your bond, the easiest way to do this is online - at a time that suits you. Simply log in or register through our online service, choose the bond you’re looking to withdraw money from and click the link at the bottom of the page to make a withdrawal.
Once you've told us what you'd like to do, you can't change your mind, so it's important to make sure you understand all your options and the impact of any changes you make.
We'd suggest speaking to a financial adviser, as whatever you decide could affect the level of tax you need to pay.
If you're not registered for our online services, it's really easy and only takes five minutes. Once you're registered, you'll be able to access and service your plan whenever you like.
There are some important things to consider before fully or partially cashing in your plan:
Whether any tax would be due depends on a number of factors including your personal tax position as well as the timing and amount of money taken out to date.
When cashing in all or part of your plan, you can either cash in whole segments or spread the amount equally across a number of segments. Depending on what you decide to do, this can have different tax implications. There’s more information in our guide to tax on your investment bond.
Tax rules are complex and require careful consideration and the impact will depend on your individual circumstances. Taxation, legislation and HM Revenue & Customs practice is liable to change without notice. You may want to seek advice.
We can’t give you advice, but we’ve lots of useful information available to help you understand your plan options and the impact of any changes you decide to make.
If you’d prefer, you can speak to a financial adviser. If you don’t have one, you can find a list of advisers on pru.co.uk/financial-advice Please note, an adviser will charge you a fee for any advice they give you, but it’ll be personal to you.
According to the Action Fraud website in November 2019 (the UK's fraud and internet crime reporting centre), an estimated £1.2bn is lost to investment scams every year. So if you’re thinking of reinvesting the money from your plan, take a minute to find out how to stay ahead of the scammers.