Tax on Income
Tax on Income
The Life Office provider makes charges to reflect its liability to tax on distributions received gross from assets held on behalf of their policyholders. This applies to funds domiciled outside of the UK and is charged at a rate of 10% for distributions from funds largely invested in equities and 20% for distributions from funds invested in fixed interest securities. This accounts therefore for the basic rate tax liability within the Bond.
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A&J Wealth Management Ltd
Sawfords
Bigfrith Lane
Cookham Dean
Berkshire
SL6 9PH
01628 480200
enquiry@ajwealth-management.com
Phone:
01628 480 200
Email:
enquiry@ajwealth-management.com
Address:
Sawfords,
Bigfrith Lane,
Cookham Dean,
Berkshire,
SL6 9PH
© 2023 A&J WEALTH MANAGEMENT LTD A&J Wealth Management Ltd is authorised and regulated by the Financial Conduct Authority. Financial Services Register, no 428590, at www.fca.org.uk/register Registered in England, Company no: 5105933. Registered Head Office: Sawfords, Bigfrith Lane, Cookham Dean, Maidenhead, Berkshire SL6 9PH