AXA (now Phoenix) Family Sun Trust (& underlying investment)
Hope everyone is safe and well.
We have taken on a client with an old AXA Family Sun Trust which holds an Utmost (formerly AXA IOM) Offshore Bond. If we look to surrender the bond within the SIPP can someone confirm how this works from a chargeable gains perspective. It has been years since I looked at a TIP.
Just wondering how any gains are charged or are there no concerns as its all within the SIPP wrapper? Also trying to fathom why an Offshore Bond was used in the first place (although I can hazard a guess). If there are no major issues surrendering we may look to go platform/collective route.