Offshore Portfolio Bond - SmartFund
Offshore Portfolio Bond - SmartFund
The Offshore Portfolio Bond (SMARTfund / DPS) (the “Bond”) is a series of single premium whole of life assurance policies.
Your premium will be invested in the available funds selected by you in the application form or by your appointed Investment Manager, from time to time.
The bond aims to:
- To provide you with the opportunity to achieve tax efficient capital growth over the medium to long-term through investment into a choice of fund options.
- To provide you with reasonable access to your investment at anytime.
Investments can be made by Individuals, Trustees or Corporate applicants. The Bond may have joint Policyholders. Anyone over the age of 18 can apply.
Basic Features
| Investments | Collective Investments |
| Withdrawals | Yes - GBP62.50 minimum (Minimum policy value - GBP5,000). |
| Death Benefit | Surrender Value + GBP100 |
| Surrender | Yes - Part (Min GBP500) & Full |
| Assignments | Yes - individual policies only |
| Additional Charges | Adviser charge |
| Additional Notes | No longer restricted to SMART Fund |
| Policy Currency | GBP |
| Adviser assigned | Combination of self-advised, adviser (ongoing adviser charges) and broker |
| Segments | No segmentation rules applied. |
| Charges | Charges will be deducted quarterly on policy anniversary based on the policy value. |