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Random Jargon

Convertible Term Assurance Life Cover

A type of term assurance that allows you to convert into a whole of life policy.

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Financial Calculators & Tools

Candid Calculator

When you surrender an investment bond, or it matures, you may have to pay tax. Use this calculator to estimate how much, if any, tax you might have to pay.

Investment Bond Tax Calculator (onshore bonds)
Your age
Initial Investment £
Surrender Value ? £
Total Withdrawals ? £
Of these, how much in excess of annual 5% allowance and tax already paid? ? £
Years owned
Your 2019/20 taxable income (before allowances)

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.