If you are thinking about cashing-in your With Profits Bond, you may want to seek a second opinion about whether this is the right thing to do. Our With Profits Bond Health Check service can include:

 

The Financial Services Authority recognise that With Profits is extremely complex and that even some advisers find the concepts difficult to understand. Making our years of experience available to policyholders via this website in a manner that is easy to understand is a challenge, and many clients find that having a meeting or telephone conversation where we can explain these concepts so that it relates to their personal circumstances is valuable and reassuring. With our health check service we'll explain your With Profits Bond.  

 

Cashing in your bond is deemed a "chargeable event". When a chargeable event occurs it can create a "chargeable gain" and this gain gets added to your taxble income. If your taxable income makes you a higher rate tax payer when the gain is added you will have a higher rate tax bill. There are a number of financial planning ideas that can help to reduce or even remove this higher rate tax charge. These strategies include assigning to a nil or basic rate tax payer (your spouse?), phasing withdrawals to straddle tax years and reinvesting in pension plans. Typically these strategies have consequences, advantages and disadvantages. We'll help explain your options taking into account your personal circumstances and help to guide you to an informed decision.

 

Over 65s with a taxable income approaching £22,900 in the 2009/10 tax year could find that surrrendering your bond might reduce your age-related personal allowance. We'll help to talk you through the pros and cons of delaying or phasing the encashments over different tax years after taking your personal circumstances into account.

 

Helping You Complete the Paperwork

We can arrange for the paperwork to be sent and help you complete the form so that you can act quickly and in confidence.

 

By providing us with a letter authorising Fraser Heath to obtain details on your policy we can assess the strength and weakness of your Bond and make a recommendation relevant to your personal circumstances.

 

As a firm of financial planners and investment advisers we can help you make an informed decision about where to invest the proceeds if you decide to surrender your investment. Rarely have investment markets been this complex and uncertain. Professional, expert and personalised advice brings peace of mind and confidence in the future.

 

To find out more about how we can help you, please call us on 01454 327788 or fill in the "Contact Me" form below. We are happy to initially discuss your bond and the free review without any obligation. Before carrying out any additional detailed work on your behalf we would agree the work that you wanted us to do and we would provide an indication of the cost. Clients of Fraser Heath Financial Management can pay for our services through a fee, commission or combination of the two.