Topslicing A Bond

Question 1

How to topslice a bond

Answer 1

Divide gain by number of complete years

Question 2

Onshore single orenium bonds have a 5% annual allowance which permits withdrawals of up to 5% of amount invested every year

Answer 2

Its on a cumulative basis, if it is not used it can be rolled up

Question 3

Offshore bond

Answer 3

Higher rate tax payer liable for 40% tax on the gross gain. Can use oersonal savings allowance if available