Yep so what I want to point out, and you sound like you don't realise this. But these products are tax-free for YOU as the investment bond holder. The assets the insurance company holds on your behalf, the earnings from those still get taxed a flat rate of 30%, they don't get the benefit of a CGT discount and there is limited benefit from actually using this for majority of shareholders except if you are in the minority of HNW investors in the population.
The 10-year period is NOT tax-free. It is rather, tax free to you to redeem. These earnings still get taxed at the insurance company level before you get to redeem them.
My suspection is that if you are up there though, you'd know what to do with that capital at that stage, but that's a speculation.
Yep so what I want to point out, and you sound like you don't...
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$2.79 |
Change
-0.060(2.11%) |
Mkt cap ! $829.4M | |||
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| Price($) | Vol. | No. |
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