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HSBC Life Onshore Investment Bond taken out by limited companies

HSBC Life Onshore Investment Bond taken out by limited companies

Features and benefits

How limited companies can access the HSBC Life Onshore Investment Bond

Limited companies can apply for the HSBC Life Onshore Investment Bond via a financial adviser, using a bespoke paper application form.

Please access the Application Forms and Form Guidance via the HSBC Life Extranet.

Important information

  • The HSBC Life Onshore Investment Bond is not designed for limited companies which are not UK tax residents
  • The suitability of the Bond for a limited company will depend on the accounting basis adopted by the company
  • The value of investments can fall as well as rise and your client may not get back what they invested – for some investments this can also happen as a result of exchange rate fluctuations as shares and funds may have an exposure to overseas markets
  • HSBC Life (UK) Limited cannot be help responsible for the investment performance of its Bond
  • The value of any tax benefits described depends on your client’s individual circumstances
  • Tax rules and rates may change in the future and HSBC Life (UK) Limited cannot be help responsible for any future changes in legislation
  • The minimum investment by a limited company into the HSBC Life Onshore Investment Bond is £25,000
  • A minimum amount of cash should remain in the Bond’s cash account at all times, to cover fees and charges
  • Investments should be seen as medium to long-term (at least five years), as cashing in early could mean your client gets back less than was originally invested
  • The Bond will be divided into a number of separate, identical policies
  • The company chooses the number of policies to hold, subject to a maximum of 1,200 policies with at least £1,000 in each
  • Withdrawals are subject to a minimum £100 per payment, and maximum 10% yearly of the initial investment
  • With a partial surrender, the remaining Bond must have an investment value of at least £2,000
  • Fund managers may impose minimum trade sizes limiting the number of funds to select

You can access the Application Form and Application Form Guidance via the HSBC Life Extranet.

Frequently Asked Questions

Documents

The following documents are available: