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Flexible Pension Bond  
 

The aims of the Flexible Pension Bond:

• to build up a fund to provide your clients, and if they wish their spouse, with an income when they retire

• to take advantage of tax privileges available to through membership of a personal pension plan

• to provide a tax free lump sum of up to a quarter of the fund, in exchange for a smaller pension

• to provide an income in retirement for your spouse or dependants if you wish.

How does it work?

Your client pays a contribution to Canada Life who invest it on their behalf in one or more of our range of unit-linked funds which they select. Funds can be switched at a later date for a small charge. Your client receives tax relief on their contributions (though not on any transfer value), and the funds in which they invest grow almost entirely free of tax.

HM Revenue & Customs rules prevent your client from taking benefits from the Bond before the age of 50 unless they suffer from ill health. However, from April 2010, the earliest age will be raised to 55.

The information regarding taxation is based on our understanding of current legislation, which may be altered and depends on the individual financial circumstances of the investor.

Past performance is not a guide for the future. The value of units can fall as well as rise. If the Bond is surrendered in the early years, the surrender value may be less than the original investment. Currency fluctuations can also affect performance.

 
 
More
 

The following key documents will give you more information on the Flexible Pension Bond. The documents marked * are available to order. Further details of ordering literature can be found in the Library section of the site.
 
Flexible Pension Bond application - transfer to a personal pension app. ref 8249
[ PDF; Jan. 29, 2012; 79KB ]
Flexible Pension Bond key features ref 8258
[ PDF; Mar. 16, 2011; 180KB ]
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Canada Life Limited
Canada Life Place
Potters Bar
Hertfordshire
EN6 5BA
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Legal Notice | Data Protection Notice | Accessibility | Site map © Canada Life Limited. All rights reserved.  

This website is for UK financial advisers only and is not approved for use by private customers.
Canada Life Limited, registered in England no. 973271. Registered office: Canada Life Place, Potters Bar, Hertfordshire EN6 5BA
Telephone 08457 226232 Fax 01707 646088 www.canadalife.co.uk/ifa
Canada Life group consists of Canada Life Limited, Canada Life Asset Management Limited (both authorised and regulated by the Financial Services Authority), Canada Life International Limited and CLI Institutional Limited (Isle of Man registered companies authorised and regulated by the Isle of Man Insurance and Pensions Authority). All promotional material produced is approved by Canada Life Limited.