CMI UK Premier Bond
The CMI UK Premier Bond is an offshore single premium investment plan with some
life cover. If you would like to increase your investment or switch funds, you can
select from a range of CMI Insurance Company Limited unit-linked investment funds
and Guaranteed Growth Funds. Please see the list of available funds below for more
information.
The CMI UK Premier Bond is intended to be a medium to long-term investment, ideally
for five years or more. The value of these investments may go down as well as up
and you may not get back the amount invested.
Although the bond is no longer open to new investors, we continue to manage this
product for our other customers. Additional investments can be made to existing
portfolios at any time subject to a minimum of £5,000 or currency equivalent. Please
contact us for further details.
If you are looking to take out a new investment, please visit the Offshore Bonds section on
our Scottish Widows website.
Benefits associated with your bond
You can control the tax point by choosing when to take the benefits, which can be
useful if you become a lower rate tax payer or if you have moved to a different
country with a lower tax rate.
If you invest in a bond and you are a UK tax payer, you can currently withdraw up
to 5% of your original investment each year for up to 20 years, without triggering
a chargeable event. This can be a tax efficient way of taking an 'income' from your
bond. This benefit is cumulative, so you can carry forward your 5% allowance if
you don't use it each year. Please note that withdrawals to provide an ‘income’
will be taxed as a return of capital.
Useful information to help you manage your bond
If you wish to switch you can choose from any of the available funds. For more information
on each fund, please read the fund factsheets and fund guide.
You can switch between the available funds up to 12 times per calendar year free
of charge. Any additional switches are currently charged at 1% of the value of the
units being switched, subject to a minimum charge of £10 and a maximum charge of
£250.
The following funds are available under your bond. Please read the fund factsheets
and the fund guide for more information.
Click on any fund to view the fund factsheet.
CMI Investment Solution funds
CMI Insurance Company funds
The following funds are available under your bond. Please read the fund factsheets
and the fund guide for more information.
Click on any fund to view the fund factsheet.
CMI Investment Solution funds
CMI Insurance Company funds
Before choosing an alternative fund or funds, you need to determine your attitude
to risk. Using the table below find the statement in the left hand column which
best describes your attitude to risk; this gives you an idea as to the risk rating
in the right hand column that you can use to select the fund(s) that suit your investment
needs. Please remember that the risk category of each fund is the opinion of Clerical
Medical and may not necessarily match your own perceptions of risk.
Please note: If you switch out of an Offshore With-Profits Fund or a Guaranteed
Growth Fund, a Market Value Adjuster may apply.
CMI fund range
CMI Investment Solutions fund range
The following funds are available under your bond. Please read the fund factsheets
and the fund guide for more information.
Click on any fund to view the fund factsheet.
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Free download so you can view the
document in pdf format.
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CMI Investment Solution funds
CMI Insurance Company funds
You can take regular withdrawals subject to a minimum of £200 ($300 or €300) and
a maximum of 10% of the premium per policy year.
We recommend you discuss the tax implications of taking regular withdrawals from
your bond with your financial adviser.
Please complete and return to us.