Prudential Onshore Portfolio Bond

The Prudential Onshore Portfolio Bond has the advantage of being able to access a wide choice of investment options with a range of assets classes available through a number of Investment Wrap Platforms.


  • Start your plan with a single payment and make additional payments at any time.
  • Extensive choice of investment options available.
  • Withdraw up to 5% per year of your investment free from any immediate tax liability.
  • Switch assets within the bond whenever you need to without charge. Access your money whenever you need to.

Risks and considerations

  • This product is only available through a financial adviser.
  • The value of your investment can go down as well as up and you may not get back the amount you put in.
  • Making withdrawals and/or the application of charges will reduce the value of your investment.
  • You can withdraw over 5% per year but anything over the 5% may incur a tax liability. This may also be the case if cash in your plan.
  • Tax relief will depend on your individual circumstances and is subject to change in the future.

The Prudential Onshore Portfolio Bond is an investment bond that allows access to a wide range of assets classes. It can only be taken out in conjunction with an Investment Wrap Platform. An Investment Wrap Platform is an administration service for your investments that could help simplify the management of your investment portfolio.

UK Investment Bonds are non-income producing investments and so have a different tax treatment from other UK based investments. This can provide valuable tax planning opportunities for individuals. 

Being an onshore bond means that it is taxed under UK life policy taxation rules and so an appropriate level of tax is taken from within the bond itself. It is only available to UK residents aged 18 or over. 

  • You can start investing – with a minimum of £15,000 and make additional top-ups of at least £2,500.
  • Ease of use – when taken out in conjunction with an Investment Wrap Platform you can manage your bond alongside all of your other platform assets. Most platforms provide an instant summary of the combined value of your asset holdings invested and trading activity carried out by your adviser.
  • 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 Onshore Portfolio Bond has a valuable built-in tax benefit that allows you to take out up to 5% per year of your investment free from any immediate tax liability. Please note, the minimum withdrawal is £100.
  • There is a wide range of investments to choose from - with an extensive choice of investment options with a range of asset classes such as Unit Trusts and Open Ended Investment Companies (OEIC Funds) available through your selected platform.
  • Inheritance tax planning options – with a wide range of trust options available from us for use with the Prudential Onshore Portfolio Bond.

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. 

When you take money out and when we take a charge this will reduce the value of your investment. If you take out more than 5% of the amount you first invested in any twelve month period, you might have to pay tax. 

You can read our Investment Guides for more information on investing.

This will depend on many things such as the investment performance of your chosen assets, which can go down as well as up along with how long you have invested for. Other factors to take into account will be any withdrawals you make, additional features you choose, charges and any tax liability that may apply. 

You can read more about this in the  Key Features Document

Before you decide whether this investment product is right for you, you should read the following documents and then speak to your financial adviser for further information.

Key Information Document

If you invest in this product you should read our Key Information Document, relevant 'Investment Option Document(s)' or Fund Managers own Key Investor Information Document(s) as appropriate. Please note that if the fund manager is not Prudential, you will need to source these documents from the fund manager directly. These include important information which may help you make up your mind.

Key Features Document - this document provides you with product information if you are taking this bond out with an investment platform.

If you are an existing customer and looking to make changes to your investment, please speak with your financial adviser or call our Service Centre on 0800 000 000. Lines are open Monday to Friday between 8.30am and 6pm. We might record your call to make sure our service is up to standard. 

Looking for help?

Whether you’re facing some tough financial decisions now or you want to think about your future plans, financial advice can make a real difference .

So, if you don’t already have an adviser, arrange a chat with one of our advisers. We offer a restricted advice service.

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