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Personal Portfolio Bonds are single premium life assurance contracts
designed for investors to make a lump sum investment with the
following characteristics:
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Worldwide Access
They are personalised investments wrappers
that may contain either, stocks, shares, ETF’s, managed
funds, bonds or currencies from any openly tradable market in
the world. Only via these offshore instruments does the world
of investment truly open up to you.
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Discounts
Pinnacle clients can purchase assets for
their bond at 'institutional discount', the same price as the banks
would pay. In fact, to do this, the insurance company will purchase
the asset in their name, ensuring you confidentiality wherever you
may buy. With the umbrella of life assurance, they are also non-income
producing assets and therefore have no income tax liability until
full or partial encashment. Additionally, income and capital gains
arising on the assets held within the Offshore Portfolio are not
taxed and therefore taxation is deferred.
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Greater Potential
Obviously, the underlying performance of the Bond will depend upon
the performance of the various investment funds held, although a
gross accumulation without taxation means there is a greater potential
for growth particularly in the medium to longer term.
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Summary
A one stop shop approach with consolidated purchasing and reporting
for the investor. Total confidentiality provided via third-party
custodianship. Institutional discounts entering offshore funds.
Lower entry levels to more specialist investments, including hedge
funds. Greater investor mobility, due to reduced switching costs
and easy dealing. Fully assignable structures; for example as security
for a loan.
Not Quite
The End Of The Story
So far so good! However, it gets better for British citizens. On
return to the UK, your insurance company will give you the option
of switching from your personalised portfolio bond into a 'collective
investment bond'. This will be UK qualifying and allow you to keep
all the gains made offshore within an onshore structure.
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