Onshore Bond

The Onshore Bond is a life assurance policy provided by Aviva Life & Pensions UK Limited. It is administered on the same technology as the Aviva Platform products and therefore benefits from many of the same features.

The Onshore Bond offers:

• Access to over 6,000 funds with a range of assets, classes and sectors, including model portfolios and the Smooth Managed Funds
• Simple, transparent charging structure with no early exit charges
• Onshore Bond is initially made up of 1,000 individual and identical policies to help with tax planning
• Access to 5% of initial investment each year for 20 years with no immediate tax liability
• Range of trust options to help minimise inheritance tax liability
• Choice of adviser-charging options
• Additional investments of at least £1,000 at any time
• Death Benefit of 101% of the value of the bond

The value of investments can go down as well as up, and investors may not get back what they put in. 
Tax treatment depends on the individual circumstances of each client and tax rules may be subject to change in the future.

Aviva Charge

The Aviva charge depends on the value of your client’s Onshore Bond. 

The charge will be calculated based on the total amount invested in the Onshore Bond, including any transactional cash, plus any amount invested in any Aviva Platform products. Because of this, your client may receive a discount on the charge for their Onshore Bond.

All funds have a fund management charge and there may also be a Fund Management Expense Charge (FMEC), see Investment Centre for details.

Discretionary Fund Managers will impose a fee for access to their model portfolio. This fee forms part of the 5% tax deferred allowance.

Onshore Bond is designed for clients who:

• Have a lump sum of at least £10,000 to invest
• Have maximised their ISA allowance
• Want access to over 6,000 funds, with a wide range of risk appetites, including model portfolios and the Smooth Managed Range
• Want the flexibility to invest for growth, income or both
• May want to take one-off withdrawals or set up a regular withdrawal
• Understand there is a risk that they may get back less than they invested
• May want to make additional investments into their policy

Initial adviser charge

We deduct this from the initial investment before we set up the policy.

Single adviser charges

You can take a single charge from the Onshore Bond on an ad hoc basis.

Ongoing adviser charges

If you've agreed an ongoing charge with your client, we can take the charge from the Onshore Bond on your behalf, and pay it to you whenever it suits you and your client. Ongoing adviser charges form part of the 5% tax deferred allowance.

You have a range of options for how you set up an ongoing adviser charge:

• Percentage of the Onshore Bond
• Specified monetary amount
• You can start the ongoing advice charge at a future date if you prefer
• Paid weekly

The Onshore Bond is an insurance policy provided by Aviva Life & Pensions UK Limited. It has similar functionality to the Aviva Platform products and therefore benefits from many of the same features.  

Get more from Onshore Bond

Our technology is designed to be easy and straightforward to use. And we’ve got a range of support in place to help you get the most out of it:

• Regionally based wealth development managers providing face to face and telephone support. Our team consists of experienced consultants who have attained the high standard set by Aviva for account management 
• You can call a dedicated service and support team on 0800 056 4607 - lines are open Monday to Friday, 8.30am to 5.30pm
• Download our guide on everything you need to know about due diligence 
• Step-by-step 'how to' guides 
  
• Online product literature and sales support from our product literature library
• Demos to help you navigate, manage and transact business

Adopting Aviva technology for your business

Our support team are experts when it comes to demonstrating all of the tools at your disposal. We can support with any issues, big or small and offer one off or ongoing assistance, depending on what you need.

We offer:

• a demonstration of how to use the Onshore Bond functionality
• user guides so you can go at your own pace
• access to reference material
• an online document library with information on the Onshore Bond and all our other products
• an investment centre with information on all our funds, including fund group profiles, performance data, portfolio functionality and income analysis

Get a free demonstration

Contact us to arrange an appointment with one of our consultants:

Email DISTPAC@aviva.com