product launch
Scottish Equitable International has launched a capital redemption bond based on its Dublin Private Client Portfolio that targets the corporate market. The plan can be held without interruption over a fixed term of 99 years. This gives companies greater control over when they make withdrawals or cash in the bond, and therefore how much tax they pay on the proceeds. For example, a company could time a withdrawal or encashment to coincide with a period when its taxable profits attract lower corporation tax. Steve Whalley, product marketing manager at SEI, said: 'Capital redemption bond...
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