Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

    • lindabea
    • By lindabea 9th Jan 18, 8:40 PM
    • 970Posts
    • 136Thanks
    Prudential Investment Bond
    • #1
    • 9th Jan 18, 8:40 PM
    Prudential Investment Bond 9th Jan 18 at 8:40 PM
    My partner has a lump sum investment bond with the Pru since 2001; he has never taken any money out although he could have taken 5%/year. According to the latest statement, the gain is about 20K. We would like to know if he would be liable to additional tax if he cashes it in full.

    I been reading about top slicing relief, but not sure if this would apply. However, when adding the policy gain to his income (pension and savings interest), to determine if he goes into the higher rate, do we first deduct the personal allowance, and the PSA or is the gain added to the gross income(earnings and interest).

    Any help would be much appreciated.
    Before doing something... do nothing
Page 1
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

2,161Posts Today

7,467Users online

Martin's Twitter
  • I've decided my weekend starts here while the sun's glow is still baskable. So I'm signing off. Have a great weeke?

  • No not correct. The big six do, but you can get fixed tariffs guaranteed not to rise and about 25% cheaper. Just tr?

  • Baaaa! Scottish Power has bleated and followed the herd, today announcing it's putting up energy prices by 5.5%. R?

  • Follow Martin