Investment Bond Question
Albert2
Posts: 78 Forumite
Hi,
Apologies in advance if this is a "straightforward" question, but .....
We have an investment Bond with Lincoln that we are looking surrender, is it possible or worthwhile to sell this onto someone else rather than with them directly ?
Thanks in advance
-Bert
Apologies in advance if this is a "straightforward" question, but .....
We have an investment Bond with Lincoln that we are looking surrender, is it possible or worthwhile to sell this onto someone else rather than with them directly ?
Thanks in advance
-Bert
0
Comments
-
An investment bond is just a tax wrapper containing investments. I would expect a Lincoln investment bond to be unit linked and as units have a daily value and can be purchased directly, there is no reason for anyone to pay anymore for your units.
Surrendering the bond creates a chargeable event and could impact on tax, pension credits and local authority care provision where applicable. So, make sure surrender is the right move.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Thanks Dunstonh, all your comments are very helpful to us.
-Bert0
This discussion has been closed.
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