Offshore Bond Withdrawals

Yonkers420

Is the 20 year tax deferred allowance with bonds actually 20 years, or is it because 5% x 20 =100%

I am just trying to discern what the position is if a client decides to not take any of there 5% tax deferred withdrawals until after this period.

So for example, if a client had held an offshore bond for say 26 years, could they then commence the 5% tax deferred withdrawals until year 46?

T_Smith

This is one of those things that you know that you know, but when someone asks you always want to check....
Have a look at the 3rd bullet under the 3rd question in here -
https://www.pruadviser.co.uk/knowledge-literature/knowledge-library/5pc-tax-deferred-bonds-qa/

Yonkers420

I know! I thought I knew, but didn't know

Thanks!