This is a single premium investment bond that lets you invest your money in a wide range of funds. This could be right for you if you’re looking for a medium to long-term investment, of between five and 10 years.
- You can start investing – with a minimum of £10,000 and make additional investments of at least £10,000.
- 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, within certain minimum and maximum levels.
- There’s also tax benefits – if you pay tax, the Prudential Investment Plan has a valuable built-in tax benefit that allows you to take out up to 5% of your investment each year without having to pay any tax immediately. You can do this for up to 20 years, although if you decide to cash in your plan or take out more than 5% (in any policy year) of the amount you have invested, you may be subject to an income tax charge.
There's a wide range of investments to choose from - you'll have access to a wide range of investment options to suit your investment style and appetite for risk. This includes our PruFund range of funds.
If you want more information on what investment options are available to you, you can explore our full range of funds and download our factsheets.
It’s also important that you regularly review your investments so that you get the best out of your plan.
Your financial adviser can explain the fund options to you and what to consider.