With-profits Bonds are a lump sum investment generally for 10 years or with no fixed term and are suitable for medium to long term investors. Your money is invested in a spread of assets including Irish and international shares, property, and government and corporate bonds. The aim of the With-profit Bond is to maximise returns for investors through a bonus system. This smoothes out fluctuations in the returns of the underlying assets and provides the capital guarantees.
Who is this bond suitable for?
With-profits bonds are the right choice for you if you want a relatively secure rate of growth. It is suitable for you if you want to reduce risk by spreading your investment across a wide range of stocks and shares. You should be prepared to invest your money for the medium to long term; however you can have access to your money if you need it. With-profits bonds combine security and growth potential. You can invest in this bond either individually or jointly. If you invest jointly, the bond is available on a second death basis. The bond may also be written under trust or on the life of another. Age and investment limits apply as follows:
The minimum age at entry is 18. The maximum age at entry is 85. The minimum amount you can invest is €6,000 or €12,000 if you require a regular income.