Common questions

We can’t give one amount as we’ve built our Wealth Management Portfolio with flexibility in mind. We offer a wide range of charging structures based on factors such as commission paid to your adviser, the amount you invest and where you invest it.

Other charges may apply throughout the life of the bond, for example if you change the funds or assets you invest in.

You can see details of the Transferring the custodianship charge here.

Your financial adviser will be able to discuss this with you and help to find the most suitable structure for you.

£15,000

There’s no maximum amount. However, if you’re investing more than £5 million, we’ll agree the terms on a case-by-case basis.

Yes. You can pay additional lump sums of at least £5,000 at any time as long as you’re resident in the European Union when you pay the additional contribution. Please read the ‘European portability option’ section about the effect that paying additional lumps will have on your bond if you’re planning to move to Spain.

You have to be at least 18 years old to take out a Wealth Management Portfolio. There’s no maximum age.

Yes. You can take money out the bond at any time. You can take one-off withdrawals, or take regular withdrawals monthly, quarterly, half-yearly or yearly. You can also fully cash in the bond at any time, but please remember there may be charges for doing this. The minimum regular or one-off withdrawal you can make is £500.

Your financial adviser or personal illustration and key features document will have details of any charges we may make for withdrawals.

This will depend on how much you take and how you take it. However, if you’re UK resident, you can take out 5% of your original investment every year for 20 years without any immediate tax liability. This allowance is cumulative, so if you don’t use it one year you can carry it forward indefinitely.

You should consider it as a medium- to long-term investment. However, it doesn’t have any fixed term.

If other people are covered by the bond, it can continue until the last life assured dies. If you’re the last life assured covered, we’ll pay out 100.1% of its cash-in value on your death

If your investment is between £15,000 and £75,000, you can choose from any of our funds in our Portfolio range – including our suite of Protected funds.

If your bond value or investment is more than £75,000, you can choose from an extensive range of funds and assets. Please read the ‘European portability option’ section about asset restrictions if you’re planning to move to Spain.

No. You can invest in as many funds or assets as you want – as long as at least £100 is invested in any one of our Portfolio funds. The fund/asset provider will set the minimum investment limit for other funds/assets.

Yes, and you might be able to continue to make additional contributions – this will depend on your circumstances and where you’re based.

The bond also offers the European portability option if you’re moving to France, Italy or Spain. You can find out more in the ‘European portability option’ section.

You can check your investment online 24 hours a day, seven days a week, with our Plan View service. It’s a free, fast and easy-to-use tool that lets you:

• see a valuation and summary of your portfolio
• check your portfolio terms and details
• change your address details

 We also send our customers a newsletter to keep them up to date with news about us and the world of offshore investments.