What is an Investment Bond?

An Investment bond is a vehicle for investing lump sums, so say if you have a lump sum of £30,000 then an Investment Bond may be right for depending on your circumstances. Bonds are taxed at the basic rate of income tax with the fund, so when you take your money out if you are a basic rate taxpayer you should have no further tax to pay. Investment bonds have their benefits however to find out if they may be suitable for you, you should seek advice from an Independent Financial Advisor.