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The P1 CP
Secured Bonds (“Bond”) can be held in an ISA, which means
that any interest paid on the Bond would be tax free. Investors who wish to use some or all of
their ISA allowance to invest in this Bond can open an IFISA at www.p1capitalpartners.co.uk
and transfer funds into that account before investing. The annual allowance is currently £20,000 and
you can also opt to transfer additional funds in from external ISAs from
previous tax years. There is no limit on the amount of existing ISAs that can
be transferred into your P1CP ISA. Bonds
can also be held in some SIPP and SSAS wrappers, provided they accept
non-standard assets (the Bonds are regulated but not listed, so are classed as
non-standard assets). If you would like to invest through a SIPP or a SSAS
wrapper, please contact the P1CP team and we will be happy to help with the
approval and investment process. If this
Bond is held by an individual or trust outside of an IFISA wrapper or in a SIPP
or SSAS it will have income tax deducted at source, details of which will be
available at the time interest is paid and annually. Investors are responsible for their own tax
reporting. Please note, terms and conditions apply and tax treatment depends on
the individual circumstances of each investor.
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