Our Prospects Bond is no longer available. This bond is designed to provide longer term capital growth, so 10 years or more. Your money is invested in one of our With-Profits Fund, which invests in low to medium risk investments.
The Optimum Bonus (With-Profits) Fund aims to provide a higher Regular Bonus than the Optimum Return (With-Profits) Fund but is likely to have a lower Final Bonus.
The Final Bonus is not guaranteed and can be reduced, stopped or suspended at any time. The value of your investment can go down as well as up so you might get back less than you put in.
Register for MyPru for online access to your plan
MyPru makes it easy and convenient to see and service your policy at a time that suits you. You can:
- Check the value of your policy
- Make a withdrawal from your plan
- View your important documents
- Send us secure messages
- Change your personal information and preferences - including the option to go paperless
Registration is easy and only takes five minutes - all you need is your policy number, post code and date of birth. Go to pru.co.uk/mypru to find out more.
Once logged in, you'll be able to see all the products you have with us, and do what you need to quickly and easily.
Note: If you're looking to make regular withdrawals or change the funds your plan's invested in, please look at the links at the bottom of this page.
Withdraw your money at any time
You can withdraw money at any time. But please note that certain withdrawals could be subject to charges or a Market Value Reduction.
Any withdrawal taken will reduce the value of your plan. If the withdrawals are more than any overall growth achieved the value of your plan will reduce below the level of the original capital invested.
Invested in our With-Profits Fund
Your money is invested in the With-Profits Fund. The value of your fund will depend on your particular bond and how it has performed. Smoothed returns aim to protect you against some of the ups and downs associated with investing directly in the stock market. The value of your investment may fluctuate and is therefore not guaranteed. You may not get back the full amount of your investment.
Withdrawals, equivalent of 5% each year of the premiums, can be taken without creating an immediate tax liability. The allowance ends once you have withdrawn 100% of the amount you invested. You do not pay basic rate income tax or capital gains tax on profit from the bond. There may be tax liabilities depending on your circumstances if you withdraw more than this and when you cash in your bond.
HM Revenue & Customs may not tax these regular payments as income in the same way that dividends or interest are treated. This is based on our current understanding of current tax legislation and HM Revenue & Customs practice. Tax rules can change and the impact of taxation (and any tax relief) depends on your circumstances.
Read more about investments and taxation.
What will I get back?
This depends on many things, including the investment performance, which can go down as well as up, the length of time your money is invested, how we distribute any profits in the With-Profits Fund, charges and costs, smoothing and any tax liability, as well as other factors.
Review your Prospects Bond
By accessing MyPru, our secure online portal, you may be able to manage your enquiry yourself or alternately you can send us a secure email to deal with your query.
Alternatively you can call us on 0345 640 1000 (Mon-Fri 8am-6pm), calls may be recorded for security and quality purposes.