Cardif Pinnacle has just launched its new Flexible Asset Bond (FAB), which offers competitive tax ef...
Cardif Pinnacle has just launched its new Flexible Asset Bond (FAB), which offers competitive tax efficient rates of return to UK taxpayers without taking undue risk. It is also suitable as a cash type investment as part of a broader investment portfolio.
There is no fixed investment term. The bond can continue as long as it is required. Top-ups and withdrawals can be made at any time.
A choice of three funds is available, which offer varying levels of potential return for different notice periods: These include the Variable Rate fund from which an income can be taken either monthly or annually, and Notice funds (30 days or 90 days). These offer rates that are usually higher than the Variable Rate fund in return for the appropriate notice of withdrawals.
As a life bond, the Flexible Asset bond benefits from the tax advantages of life insurance policies that potentially offer higher gross equivalent rates than instant access deposit accounts, particularly for higher rate taxpayers. Meanwhile, up to 5% income can be taken without incurring an immediate tax liability. Minimum investment is £100,000, and the bond opens on 30 October 2006.
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