Low awareness of bond tax benefits 'a growing concern for advisers'

Clients not making use of tax benefits from onshore investment bonds

Sahar Nazir
clock • 2 min read

The majority (64%) of advised clients do not know about the key tax benefits from holding an onshore investment bond, despite two out of five holding the product.

This is according to research for HSBC Life UK's report, The Three I's of Investable Capital, which was conducted among 200 advisers from 200 firms, and 1,000 clients. HSBC Life said the low level of awareness and use of key tax benefits offered by inshore bonds, is a major opportunity for advisers to "educate clients about bond benefits as taxation is a growing concern". More than half (51%) of clients said they are worried about tax, with income tax "the biggest concern ahead of inheritance tax and capital gains tax". Head of onshore bond distribution Mark Lambert said the "growi...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Who gets the dog? Helping divorcing clients navigate pet custody

Who gets the dog? Helping divorcing clients navigate pet custody

Pet nuptial agreements explained

Victoria Emens and Vanessa Gardiner
clock 28 October 2025 • 5 min read
Advisers seeing clients cut pension contributions to mitigate IHT change

Advisers seeing clients cut pension contributions to mitigate IHT change

75% of advisers expect to adjust IHT strategies for nearly a third of their clients

Sahar Nazir
clock 28 October 2025 • 1 min read
FCA to regulate ESG ratings providers

FCA to regulate ESG ratings providers

Welcomes government's legislation to bring ESG ratings providers into its remit

Sahar Nazir
clock 28 October 2025 • 1 min read