Prudential International Investments

Dublin based Prudential International provide access to two tax efficient and flexible offshore products that each provide access to a wide range of funds from both Prudential and other leading fund managers.

Benefits
  • Option to invest in the Investment Bond or Investment Portfolio.
  • Tax efficient products with the option to defer tax until they are cashed in.
  • Wide choice of risk-rated funds from Prudential and other leading fund managers. The choice of funds available will vary depending on whether you invest in the Bond or Portfolio.
  • You can invest and take withdrawals with easy access to your money to suit your needs
Risks and considerations
  • This product is only available through a financial adviser.
  • The value of your investment can go down as well as up and you may not get back the amount you put in.
  • Making withdrawals from the Plan and/or the application of charges will reduce the value of your investment.
  • Tax relief will depend on your individual circumstances and is subject to change in the future.

 

The Prudential International Investment Bond is a medium to long-term (anywhere between five to 10 years) investment bond which enables you to invest in a range of investments with the potential for growth. It allows you to take tax-efficient withdrawals, while providing an element of life cover. 

This innovative product is provided by Prudential International who are based in Dublin so they offer flexibility along with a wide range of investment choice. Investments with Prudential International grow largely free from tax which could result in a potentially higher return than investments in UK-based funds.

Please note that this isn’t guaranteed and there is the potential that you might not get back the amount you put in.

What is Offshore?

Offshore is a common term that is used to describe a range of locations where companies can offer customers growth on their funds that is largely free from tax. This includes "true offshore" locations such as the Channel Islands and Isle of Man, and other locations such as Dublin - where Prudential International is registered. Tax treatment can vary from one type of investment to another, and from one market and location to another.

Offshore products are perhaps most commonly thought of as offering tax advantages for higher rate tax payers but there are also a number of other aspects that potentially make them attractive for a wide range of customers. 

• You can start investing – with a minimum of £20,000  and make additional top-ups of at least £15,000.
• Choose your currency – if you wish to invest and take withdrawals, there’s a choice of investment currencies, to suit your particular circumstances.
• There is a wide range of investments to choose from - you'll have access to our:

Multi-asset funds, including the Prudential Assurance Company (PAC ) With-Profits Funds and the PruFund range of funds.
• Five Dynamic Portfolios and two Dynamic Focused Portfolios targeting different levels of risk and potential return and our unique combination of experts - Prudential's Portfolio Management Group for asset allocation and Morningstar for fund recommendations and selection.
• An additional fund range to complement the Multi-Asset funds which are managed by Prudential and other external fund managers who have been chosen for their investment expertise.
Please note that change in the rates of exchange could also cause the value of your investment, or any income taken, to go down as well as up.

• Flexible options for withdrawing your money – you can take regular or partial withdrawals from your bond at any time. You can set the amount of regular withdrawals and choose how often it is taken, as long as you take a minimum of £75 and leave at least £500 invested in each fund. You can find details of withdrawals in the key features document.
• Inheritance tax planning options – with a wide range of trust options available for use with the Prudential International products.

An important point to remember is that the value of your investment can go down as well as up and you may not get back the amount you put in. Withdrawals, including any charges, could also be subject to a Market Value Reduction. You can find more details about this in the key features document.

Tax advantages

The Prudential International Investment Bond  has the advantage of being tax efficient in a number of ways. Please speak to your financial adviser for more information on the tax benefits.

The Prudential International Investment Portfolio is an investment bond which enables you to invest in a range of investments with the potential for growth. It allows you to take tax-efficient withdrawals, while providing an element of life cover.

This innovative product is provided by Prudential International who are based in Dublin so they offer flexibility along with a wide range of investment choice. Investments with Prudential International grow largely free from tax which could result in a potentially higher return than investments in UK-based funds.

Please note that this isn’t guaranteed and there is the potential that you might not get back the amount you put in.

What is Offshore?

Offshore is a common term that is used to describe a range of locations where companies can offer customers growth on their funds that is largely free from tax. This includes "true offshore" locations such as the Channel Islands and Isle of Man, and other locations such as Dublin - where Prudential International is registered. Tax treatment can vary from one type of investment to another, and from one market and location to another.

Offshore products are perhaps most commonly thought of as offering tax advantages for higher rate tax payers but there are also a number of other aspects that potentially make them attractive for a wide range of customers. 

• You can start investing – with a minimum of £50,000  and make additional top-ups of at least £5,000.
• Choose your currency – if you wish to invest and take withdrawals, there’s a choice of investment currencies, to suit your particular circumstances.
• There is a wide range of investments to choose from - you'll have access to our:

• Full Fund Market Choice which is a single premium portfolio bond that allows you to invest in over 1,000 funds, cash deposits and other assets.
• Five Dynamic Portfolios targeting different levels of risk and potential return and our unique combination of experts - Prudential's Portfolio Management Group for asset allocation and Morningstar for fund recommendations and selection.
• PruSelect range, over 60 funds chosen by independent investment research company, Morningstar and managed by a mix of some of the UK’s leading fund managers.

Please note that change in the rates of exchange could also cause the value of your investment, or any income taken, to go down as well as up.

• Flexible options for withdrawing your money – you can take regular or partial withdrawals from your bond at any time. You can set the amount of regular withdrawals and choose how often it is taken, as long as you take a minimum of £500 and leave a minimum amount in your bond after your withdrawal. You can find details of withdrawals in the key features document.
• Inheritance tax planning options – with a wide range of trust options available for use with the Prudential International products.

An important point to remember is that the value of your investment can go down as well as up and you may not get back the amount you put in. Withdrawals, including any charges, could also be subject to a Market Value Reduction. You can find more details about this in the key features document.

Tax advantages

The Prudential International Investment Bond  has the advantage of being tax efficient in a number of ways. Please speak to your financial adviser for more information on the tax benefits.

Before you decide whether you think if these investment product are right for you, you should read the following documents.

• Key Features  of the Prudential International Investment Bond
• A guide to the Prudential International Investment Bond
• Key Features  of the Prudential International Investment Portfolio

You may also like to contact a financial adviser for further information or want to apply for a Prudential International product.

Are you an existing customer?

If you are an existing customer and looking to make changes to your investment, please contact your adviser. They can provide information on:
• top ups,
• changing your investment funds,
• withdrawals,
• any other changes, or to find out more about your bond.

Speak to a Financial Adviser

Call your financial adviser to top up, change investment funds , make withdrawals, changes or to find out about your bond.

call + 353 1 476 5000

Monday to Friday, 9am to 5pm

Calls may be monitored or recorded. Calls will be charged at your international call rate.

A trust that pools together customers' money, allowing them to increase their investment options, therefore potentially reducing the risk. Unit trusts issue units, unlike OEICs which issue shares.

Unit trusts generally have two prices: a bid price at which you sell and an offer price at which you buy. The difference between the two is often referred to as a bid offer spread. Note: Prudential Unit Trusts have only one unit price.

Unit trusts are overseen by an independent body called the trustee.

An investment company where shares can be created or cancelled to match demand, in a way similar to the units of a unit trust. The principal difference lies in the fact that there is a 'single price' to which is added the initial charge for purchase.

Important information

We are not recommending one product over another. We recommend you seek financial advice if you’re unsure about what product could be right for you. The information above is based on our understanding of current taxation, legislation and HM Revenue & Customs practice, all of which is liable to change without notice. For more information please visit www.hmrc.gov.uk.