Collective redemption bond

The Collective Redemption Bond is an offshore-based single premium redemption contract. A redemption contract has no life cover and therefore does not end on the death of the policyholder and can be passed to future generations. The bond offers access to almost all open-ended funds on the Skandia platform and investment is tax efficient because of the offshore structure, though withholding tax may be payable on certain dividend income in its country of origin.