Afn.ir
Title
afn -- Insurance life mortgage term
Description
Excerpted from the website:
- One feature which especially favours investment bonds is the ability to draw 5% of the original investment amount each policy year without being subject to any taxation on the amount withdrawn. The withdrawal is deemed by HMRC Her Majesties Revenue and Customs to be a payment of capital and therefore the tax calculation is defered until further encashment above the 5% limit.
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