Investment Bond Question

Albert2

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

dunstonh

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.

Albert2

Thanks Dunstonh, all your comments are very helpful to us.

-Bert