Click here to read about the “considerable advantages” of using PPBs over other products and how they have a place in the toolkit of all IFAs providing advice to expats.
Giving portfolio bonds the personal touch
By Chris Lean, 27 Apr 18
Personalised portfolio bonds (PPBs) are tailor-made for expats moving from country to country, providing them with a wide range of investments and juicy tax breaks, says Chris Lean, chartered financial planner at Aisa International.
adult and child hands holding red heart, health care love and family concept
Tags: Aisa Group | Portfolio Bond
adkinson@private-capital.com.hk says:
Good article Chris but 10% (costs) taken over 5 or eight years will take some ”tax savings” to make it worth the effort as far as the underlying client goes.
They only work in my view, if set up on a NIL commission basis, driving down the life companies share and charging a simple fee to set it up, I really do wonder how many IFA’s have this method in their ”tool box”.
Christopher Lean says:
I would agree, selling on a commission basis is likely to wipe out the tax benefits.