Single Premiums Investment Bonds

This allows an investor access to numerous funds from low to high risk with the ability to switch funds sometimes free of charge. Access to external funds offered by other companies further increases the fund choices available. Invested money is pooled with other investors to help spread the risk and diversify the investment also enabling you to take advantage of a professional fund manager.

This type of investment is the least tax efficient for a higher rate tax payer. However if money is invested while a higher rate tax payer, but the investment not en-cashed until you are a lower rate tax payer it becomes considerably more advantageous.

The most common example of this is someone who is approaching retirements and expects a drop in income.

Money is invested and generally will have high penalties during the first five years but a high allocation bonus may be paid upfront. A maximum of 5% of the original amount invested can be taken as a tax free withdrawal from day one or deferred.

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