Fully or partially cashing in your investment bond

Your options 

Your options are either:

  • Fully cashing in your plan.
  • Cashing in part of your plan.

We can explain these options if you get in touch.

As an alternative you might want to consider taking regular withdrawals.

Take money out of your bond through our online services

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.

Things to consider before making your decision

There are some important things to consider before fully or partially cashing in your plan:

  • It can create a tax liability – see ‘tax considerations’ below.
  • It can impact your personal allowance and entitlement to tax credit.
  • If you cash in a plan which is invested in the With-Profits Fund this may result in a market value reduction which can reduce the value of any withdrawals taken from the fund.
  • You may be subject to early cash in charges.
  • Which fund(s) you want to take the cash from. Different funds have different levels of potential risk and reward. Please have a look at your fund guide for more information. 
  • If you’re invested in one of the PruFund protected funds any partial cash in will reduce your guaranteed amount.

Tax considerations

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.

You might need to pay tax depending on your circumstances and the options you choose. Tax rules can also change in the future. You may want to seek advice.

Talking through your options

If you’d like to talk through your options, you can give us a call on 0345 640 1000 or +44 178 644 8844 (Monday to Friday (except bank holidays), 8am to 6pm) if you’re calling from abroad.

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 at Please note, an adviser will charge you a fee for any advice they give you, but it’ll be personal to you.

Protecting yourself from investment scams

Fraudsters are always out there and constantly changing their tactics. 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.