The bond was created 29/5/96 £100,00 as a single premium was invested.
A total of £4920.3 was paid in Trust fees spread out annually from 30/1/97 to 2008.
£5,000 was w/drawn in Nov 2008,
£67,844.65 in Oct 2011 and
£9735.05 in Jan 2014
The Bond was worth £77,760.73 on 20/3/14
I was given the Bond 28/2/14. I am the sole owner and no money has changed hands between the owner and myself.
I have been resident and a tax payer overseas from the date the Bond started to 4/7/98 and from 24/1/10 to 31/3/14 over that 17 year period.
Please advise as to the the amount of tax liable if I withdraw the whole sum this tax year (I will be earning less than £5,000 with no other income.)
Also if possible what are my options for withdrawal to minimise tax payments. I appreciate another fee may be payable.