Overview

investment bond


Show Summary Details

Quick Reference

A single-premium life-assurance policy in which an investment of a fixed amount is made (usually over £1000) in an asset-backed fund. Interest is paid at an agreed rate and at the end of the period the investment is returned with any growth. Investment bonds confer attractive tax benefits in some circumstances. See also single-premium assurance; top slicing.

Subjects: Financial Institutions and Services.


Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.