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Should you top up an existing bond? We explore

The key tax-planning issues around incrementing an existing investment bond or establishing a new policy

Key Takeaways

  • Learn how to compare the 5% tax deferred withdrawal allowances as they apply to separate investment bonds and to a single policy that has been topped up (incremented)
  • Compare how top-slicing relief applies to separate bonds and a single policy that has been incremented
We explore some of the key tax-planning issues associated with the decision to either increment an existing investment bond with an additional premium or establish a new policy.

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Should you top up an existing bond? We explore

Key topics

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This content is directed only to persons having professional experience in matters relating to personal investment (investment professionals) and should not be distributed to anybody else. It has been prepared for general information purposes only. It does not constitute advice (whether investment, legal, regulatory, tax or otherwise) provided by Columbia Threadneedle Management Limited. Certain content in this document is based on our own reading of legislation, regulation, or guidance issued by a government or regulatory authority, as at the date of publication, which is subject to ongoing change. Tax treatment is based upon individual circumstances. Columbia Threadneedle Management Limited gives no warranty or representation, whether express or implied, that such content is up to date, complete, or accurate.

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