Multiple Bonds

MULTIPLE BONDS CALCULATORThe Multiple Bonds calculator provides an indication of the income tax that would be payable by a client who is surrendering a number of investment bonds in the same tax year.

Where multiple chargeable events occur in the same tax year, the total top-sliced gain needs to be apportioned across all of those investment bonds.

The amount of tax payable on each investment bond will then depend upon the tax situation of the person fully surrendering the investment bond, whether it is an onshore or offshore investment bond, and how long it has been in place.

MULTIPLE BONDDetails of each Bond that is being surrendered by the client and/or their spouse needs to be input.

The Summary page will then apportion the gains between the Bonds and show the amount of tax to be paid.

Saving Instructions

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