Taking money out of your bond

If you want to take any money out of your bond, just give us a call on 0800 096 3530 and we’ll tell you what you need to do.

You don’t have to take all of the money out of your bond. You can also talk to us about just taking some money out of your bond, or maybe setting up regular withdrawals.

Taking an income or withdrawal from your account is classed as a capital payment, which may incur a tax charge. For further information on the tax treatment of capital payments, please refer to our 'Making withdrawals less taxing' guide.

We can only apply the money-back guarantee at your guarantee date. So if you want to make sure you benefit from the guarantee, you should wait until the fifth anniversary before taking money out.

When you take money out of a guaranteed fund we have to cancel units to make the payment. We then reduce the amount we guarantee to give you on your guarantee date by the number of units we’ve cancelled, so you may get back less than you paid in

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Next steps

It's important to make sure that you make the right decision for you.

To find out more about taking money from your bond you can call us on 0800 096 3530.

If you need advice on the best way to take money from your bond, you should speak to your financial adviser. If you don't have one, you can find one at unbiased.co.uk.

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