Letter Withdrawal Form For Prudential Investment Plan
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FAQ
You can withdraw up to 5% each year of the amount you have paid into your bond without paying any immediate tax. This 5% limit is cumulative so any unused part can be carried forward to future years (the total can't be more than the amount paid in). If you take more than this you could create a tax liability.
The Prudential Investment Plan is an investment bond where you can invest your money in a range of different funds that aim to increase the value of your investment over the medium- to long-term, so 5 to 10 years or more.
Can I withdraw my money invested in bonds anytime before maturity? Bonds are 100% tradable securities. This means that there is no lock-in on your bond investment. If you want to sell them before maturity, you can do so in the secondary market at market price(market price may vary from par-value).
Your Prudence Bond (also known as the Prudence Managed Bond) is a single premium investment bond designed to provide you with medium to long term capital growth.
Our Flexible Investment Plan is a single premium investment bond that lets you invest your money in a range of different funds. You started your plan with a single premium. You can make additional premiums at any time. You can make regular and partial withdrawals, and you can cash in your plan at any time.
