Our Funds and Bonds
Watch our videos on bonds and how they work
What are bonds?
Chargeable gains
Withdrawal options
Trust Registration
Helpful guides
Guide to investment bonds
Debunking the jargon, investment bonds explained.
How does tax work on my UK bond?
Tax rules can change the impact of taxation (and any tax relief) depends on your circumstances.
Registering a Trust - points to check before you start
Here’s a summary of some trusts that are typically exempt:
- trusts created on death (exempt for 2 years after death)
- trusts created by a court order
- UK-registered pension schemes
- UK-registered charities
- trusts for bereaved children and vulnerable people
For more details, see HMRC’s Trust Registration Service Manual, talk to your financial adviser or seek professional legal advice.
For example, names, dates and addresses. If the information you give us is different from what’s in the trust deed, we might reject it.
- Settlors set up the trust by putting assets into it
- Trustees manage the trust
- Beneficiaries benefit from the trust
Settlors are often also trustees.
The trust deed will tell you who these people are.
They cannot use an existing account. They must set up a new, separate account for each trust.
HMRC online account is also known as Government Gateway or One Login.
The trust deed lists everyone who may benefit from the trust. It might show some named individuals, for example ‘Andrew Smith’. It might also show ‘classes of beneficiary’, which means any group who may benefit, for example ‘the children and grandchildren of the settlor’.
You must copy all the named individuals and all the classes of beneficiary from the trust deed into your trust registration. If you leave anything out, we might reject your registration. However, you may shorten the descriptions to fit the maximum field limit if necessary. Watch this process in our video.
After you’ve completed your registration, log out and log back into your HMRC online account and download your proof of registration document as a PDF. It must be in this format, not a screenshot or other copy, or we will reject it. You must send us a copy dated within the last 30 days. Watch this process in our video.
You can send the document to contact.us@prudential.co.uk
Get in touch
Looking for information about an existing policy?
Find more information about our investment products through our online services, you can also benefit from speaking to us via live chat.
Looking for a financial adviser?
Whether it’s an independent adviser or an adviser from M&G Wealth Advice, they will meet with you to chat about your financial goals, and put together personal recommendations to help make your money work harder, for you and your family.
© Prudential 2025
"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.