We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Friends Provident Endowment
jcb208
Posts: 782
Forumite
Just out of curiosity I have one of these policys that matures in less then 3 months time ,todays Cash value is £25287 .Will they add a terminal bonus to this figure on maturity which is at present 25%.I know the terminal bonuses are only added to the bonuses from previous years which amount to around 11K so terminal bonus will be about 2.7k.Unless I am wrong this will bring the value up to £28k plus what ever is added in the next 2 months, which is still well short of target amount of £35k but much better then 2 years ago when I nearly cashed it in !!
0
Comments
-
Is it unit linked or with profits?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
-
FP will tell you the terminal bonus accrued to date if you ask them. They are sneaking up again but with 3 months to go, the current position would be a good guide to what is likely.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
-
So I take it that most of the terminal bonus is already included in the cashin value I have today so I might not get back any more then they are forcasting which is £256000
-
None of the terminal bonus will be included in the cash in value AFAIK (maybe wrong here though, so worthwhile checking) as you haven't fully paid up the endowment (ie reached the terminus of the plan).0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.8K Banking & Borrowing
- 254.9K Reduce Debt & Boost Income
- 456.2K Spending & Discounts
- 248.4K Work, Benefits & Business
- 606K Mortgages, Homes & Bills
- 179K Life & Family
- 263.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards