Charges Explained

  • There will be a plan charge deducted from the premium monthly/yearly.
  • All other charges are included within the with profit fund.
  • An early surrender charge applies to both the guaranteed sum assured and bonuses declared.
  • Mortality charges are inbuilt into the premium.

Tax Implications:

The High Start Bonusbuilder plan is a non-qualifying policy, which means higher and additional tax payers will have a tax liability on the gains made from this investment.

Unless subject to a trust the policy forms part of the deceased’s estate for Inheritance Tax purposes.