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.

The Guaranteed Bond

 How much can I invest?

The minimum investment for the annual income or growth option over a chosen period of 1 to 5 years is £5,000 and the maximum is £250,000*.

The minimum investment for the monthly income option over a chosen period of 1 to 5 years is £25,000 and the maximum is £250,000*.

*Larger investments may be accepted at the company's discretion.

The minimum investment for the growth option over periods between 6 months and 2 years is £100,000.

 Are there any hidden charges?

No. What you see is what you get. Our charges for arranging and administering the Bond are accounted for within the rates we offer.

 Why can't I claim the tax back as a non-taxpayer?

The income is paid from an insurance fund and basic rate income tax and capital gains tax is deemed to have been paid and cannot be reclaimed from the fund.

 What tax is payable?

• The proceeds of the Bond are paid free of any personal liability to income tax at the savings rate of 20%. You will have no further tax liability if you pay tax at the basic or lower rate.
  
  
• Any payments from the Bond are payable 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 lower rate or non-taxpayers.
  
  
• If you die before the end of the chosen investment term some tax may be payable.

Please consult your Independent Financial Adviser for any further information. Tax assumptions are those currently applicable and are subject to change at any time and are based upon Pinnacle's understanding of current UK tax levels, bases and reliefs. The value of tax relief will depend on individual circumstances.

 What happens at the end of the Bond term?

Your capital is returned in full along with your accumulated growth payment or your final income payment.

 If I need my money back can I cash in my Bond early?

You can surrender your Bond during your chosen investment period but the amount you receive back is not guaranteed and may be less than the amount you originally invested.

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

We only provide information on our own products and do not provide advice. If you are unsure whether a Guaranteed Bond is suitable for your financial planning needs, you should consult an Independent Financial Adviser who may charge a fee for any advice given.