6    Taxation on unit-linked funds
The taxation of UK life funds is based on investment income and gains, less expenses. We make an allowance for this tax within the pricing of unit-linked life funds. Pension funds are exempt from this tax.
Our aim is to ensure that the way we allow for tax in unit pricing is fair between different groups of policyholders and between different funds.
Your own tax situation will depend on your personal circumstances. For example, a chargeable gain which would be liable for tax may occur if you fully or partially cash in your plan and make a profit. You should speak to a financial adviser if you require more information.
Charges Back to front page Using discretion to manage our unit-linked funds