Onshore Bond on Wrap

Fully integrated, Wrap’s tax-efficient Onshore Bond gives clients access to a choice of fully insured funds and included in a client’s overall portfolio to reduce their platform charges.

• Per annum, 5% of withdrawals are tax free, with unused withdrawal allowance carried forward and tax deferred – beneficial for clients at retirement who’ve moved to a lower tax band.
• Gains and income subject to basic rate tax credit (20% non-reclaimable) and means basic rate taxpayers have no further income tax liability on encashment.
• Gifting and/or assignments are available without triggering a chargeable event, supporting wealth transfer. For IHT purposes, the bond value is not included in the estate.
• One-off or additional single payments can be made, with minimum investment amount of £5,000 (£60,000 for a discounted gift plan).
• Included in a client’s overall portfolio, reducing platform charges.
• UK residents age 18 to 89 are eligible, both individuals and trustees.
• Includes a lump sum, non-qualifying, whole-of- life, investment-linked life assurance contract, with 100.1% paid out on death of last survivor.
• Full Financial Services Compensation Scheme cover.

Access to our market-leading technology makes it easy to run your investment proposition. You’ll benefit from simple, straight-through trading processes which you can automate.

• Online new business and application process with e-signature options.
• Online, straight through processing for fund switching.
• Consolidated reporting providing a combined view across all your clients’ platform holdings.
• Personalised, online illustrations showing portfolio costs and fund projections based on your clients’ choice of investments.

• Clear and transparent charges, with tiered pricing so fees are reduced as your clients’ investments increase.
• Combined platform pricing means your clients’ platform traded bond investments are used alongside their other platform holdings, benefiting from a reduced tiered charge based on their total portfolio.
• Our Family Terms can provide savings, allowing family members to link accounts and benefit from lower charges based on their total combined investments.