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!
Tax to pay on cashing Prudential Dividend Bond
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
-
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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.5K Banking & Borrowing
- 254.8K Reduce Debt & Boost Income
- 456K Spending & Discounts
- 248.1K Work, Benefits & Business
- 605.5K Mortgages, Homes & Bills
- 179K Life & Family
- 263.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards