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Tax to pay on cashing Prudential Dividend Bond
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dylon_2
Posts: 7 Forumite
in Cutting tax
Hi i am unsure of the tax status if i cash a Bond i have had since1994.
it was originally a MG Dividend Bond now part of Prudential.
i cannot find the original documents but thought that tax was paid within the fund.
I opened the bond with £ 25,000 it is worth about £ 75,000 approx now.
Many thanks
it was originally a MG Dividend Bond now part of Prudential.
i cannot find the original documents but thought that tax was paid within the fund.
I opened the bond with £ 25,000 it is worth about £ 75,000 approx now.
Many thanks
0
Comments
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Lots of different types of bonds with lots of confusing tax implications. I would suggest that you ring to ask them before encashing. Ask, in particular, if the sale gives rise to a chargeable event.0
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