Paul Kennedy is taxation & trusts manager (investment) at Prudential So, when is a portfolio bond n...
Paul Kennedy is taxation & trusts manager (investment) at Prudential So, when is a portfolio bond not a personal portfolio bond? Avoiding the creation of a highly personalised bond is likely to be paramount for most UK-based clients to avoid the spectre of a draconian annual tax charge. In his presentation, Paul Kennedy led the International Investment forum through the maze that surrounds the complex web of intertwining legislation, delineating what can and what cannot be put into a portfolio bond, without making it 'highly-personalised'. Portfolio bonds are those contracts by which t...
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