Onshore and Offshore Bonds – are they back or have they never been away?
90 min watch 15 Jun 23
Onshore and Offshore Insurance Bonds have long been an essential part of the financial planner’s tool kit. Autumn Statement 2022 has seen renewed interest in the use of bonds in financial planning. Some would say “bonds are back”!
On this event Les Cameron, Head of Technical at M&G Wealth and Graeme Robb, Senior Technical Manager, M&G Wealth, explained why they are back and why they should never have been away in the first place.
The session qualified for up to 90 minutes structured CPD accredited by CII and CISI and now you should be able to:
- Describe the impact of the changing tax landscape on investment advice
- Describe the taxation of insurance bonds
- Identify clients who would benefit from using insurance bond wrappers
To claim your CPD certificate, test your knowledge with the questions below.
Write down your answers to each of the following questions and check your answers when you click to claim your CPD certificate on the link below
1. What is the fundamental tax difference between bonds and OEICs?
a) OEICs do not produce income but bonds do
b) Bonds do not produce income but OEICs do
c) Bonds are subject to Capital Gains Tax (CGT) and OEICs are not
d) OEICs are subject to income tax and bonds are subject to CGT
2. What best describes the rate of tax within an Onshore Bond?
a) Around 17.5%
b) Between 19% and 25%
c) Up to 20% maximum
d) Exactly 25%
3. Top slicing relief benefits additional rate taxpayers…
a) True
b) False
1. What is the fundamental tax difference between bonds and OEICs?
a) OEICs do not produce income but bonds do
b) Bonds do not produce income but OEICs do
c) Bonds are subject to Capital Gains Tax (CGT) and OEICs are not
d) OEICs are subject to income tax and bonds are subject to CGT
2. What best describes the rate of tax within an Onshore Bond?
a) Around 17.5%
b) Between 19% and 25%
c) Up to 20% maximum
d) Exactly 25%
3. Top slicing relief benefits additional rate taxpayers…
a) True
b) False
Before collecting your certificate, please take a moment to provide us feedback on this session, please email prudential.distribution.team@prudential.co.uk
Complete the form below and we’ll email your CPD confirmation to you. Please use the email address that you would usually use when contacting us.
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