Hi,
I wonder if someone could jog my memory.
I know that if an investment bond is incremented by way of additional segments, then those segments have a different number of relevant years if the whole bond is surrendered.
However, in an extreme hypothetical situation, lets say an investment bond is set up on 05/01/2010 and incremented by way of additional segments a few years later on 5 May. Now, assume money is raised by way of segment surrender where 2 of the original segments are encashed, and 2 of the incremented segments are encashed.
Am I correct in assuming that the incremented segments will have their own year end (4 May), as they are technically individual sub-policies, so potentially could fall into a different tax year for income tax purposes ?
Just need to clarify this in my own mind.
Thanks
Rgds
Neil
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