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Random Jargon

With-Profits Life

A type of investment fund run by insurance companies. In theory they smooth out investment ups and downs by holding back some profit in good years to distribute in bad years.

Financial Calculators & Tools

Candid Calculator

When your Guaranteed Income Bond (GIB) matures you may have to pay some tax. Use this calculator to estimate how much, if any, it might be.

It assumes that any annual withdrawals in excess of 5% have already been taxed.

GIB Tax Calculator
Your age
Initial Investment £
GIB Annual Rate %
GIB Term years
Your 2020/21 taxable income £

Assumes current tax rates and legislation, both could change in future. If unsure about your tax liability seek specialist advice, for example from an accountant.

Calculations are estimates provided for illustrative purposes only. Candid Money Limited accepts no liability whatsoever for their subsequent use.

Go to Calculators Homepage.