Home > Forums > HB 2006 Regs > capital – Investment Bond with profits

capital – Investment Bond with profits

Currently, there are 0 users and 1 guest visiting this topic.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • July 13, 2006 at 3:24 pm #22449
    Anonymous
    Guest

    Please could someone clarify which value of an Investment Bond with profits we use in the asseement of benefit entitlement.

    Do we use the surrender value of the bond ? OR

    Do we use the total value of the bond ? OR

    Do we use the total value of the bond less 10%.

    Thank you.

    July 14, 2006 at 1:22 pm #8081
    peterdelamothe
    Keymaster

    It really does depend on the product. “Investment bond” covers a wide variety of products.

    If it is an annuity / life insurance then you ignore it.

    but it COULD be a savings bond linked to interest rates or the stock market.

    I doubt 10% is applicable – there would normally be no expenses on sale. There again, if it was an investment trust product …….

    Sorry I cannot help more.

    July 15, 2006 at 7:17 am #8082
    Anonymous
    Guest

    Thank you.

  • Author
    Posts
Viewing 3 posts - 1 through 3 (of 3 total)
  • You must be logged in to reply to this topic.