Capital Investment Bond Frequently Asked Questions

 Who is Cardif Pinnacle?

Cardif Pinnacle is a trading style of Pinnacle Insurance plc. Pinnacle Insurance plc (Pinnacle) is a recognised provider of guaranteed and stockmarket bonds in the UK. Pinnacle Insurance plc is part of Cardif S.A who is one of France's leading insurance providers. Cardif S.A are part of the BNP Paribas Group, Which is one of the largest banking and financial groups worldwide.

 How much can I invest?

The minimum investment is £20,000 and the maximum is £100,000.

 Can I Withdraw Money When I want?

You can take money out of your Bond at any time. The minimum withdrawal is £1,000 subject to a remaining balance of £15,000. You are entitled to 1 free withdrawal per Policy Year and all subsequent withdrawals attract a charge of £20 each.

 Can I top-up My Investment?

You can top-up your investment whenever you want. The minimum top-up is £5,000 subject to a maximum balance of £100,000.

 What are the charges?

Our charges for administering your Bond as well as any commission payable to Financial Advisers where applicable and allowances for tax are reflected in the unit Price and Customer Rates offered.

 What tax is payable?

• The proceeds of the Bond are paid net of any liability to income tax at the savings rate, currently 20%. You will have no further further tax liability if you pay tax at the basic rate.
  
  
• Any payments from the Bond are paid free of any personal liability to capital gains tax.
  
  
• Some additional tax may be payable if you pay income tax at the higher rate or the payments from your Bond take you into the higher rate tax band.
  
  
• Entitlements to Age Allowance may be affected by any taxable gains arising from regular, surrender or maturity payments.
  
  
• Tax cannot be reclaimed by non-taxpayers.

 If I need my money back can I surrender my Bond?

You can surrender your Bond at any time. The value you receive will be dependent on the Unit Price at that time and will be subject to a one-off surrender fee £20.00 charge.

 How do I know if a Capital Investment Bond is suitable for me?

We only provide information on our Products and do not provide advice. If you are unsure whether a Capital Investment Bond is suitable for your financial needs, you should consult and independent Financial Adviser who can help you decide but may charge a fee for any advice given.