Chargeable Gain Calculator User-Guide The chargeable gain calculator will enable you to calculate the impacts of different withdrawal options. For Financial Advisers only.
PLEASE BE AWARE - Please read the text that appears on screen detailing how the figures are calculated as it will change depending on which encashment type you choose - There is no print button on this tool so if you wish to print a calculation please press Ctrl+P and then press print - The tool is generic so not just for Old Mutual Wealth products. 2
THE CALCULATOR You will need to tick the box and click on continue 3
THE CALCULATOR Select the encashment type 4
FOR EACH ENCASHMENT TYPE THERE WILL BE DIFFERENT FIELDS TO FILL OUT 5
FULL BOND SURRENDER 6
FULL BOND SURRENDER Fill out the required information and click on calculate. 7
FULL BOND SURRENDER You will then see the calculation on the next screen. 8
PARTIAL SURRENDER ACROSS ALL POLICIES 9
PARTIAL SURRENDER ACROSS ALL POLICIES Fill out the required information and click on calculate. 10
PARTIAL SURRENDER ACROSS ALL POLICIES You will then see the calculation on the next screen. Please note- The number of complete years stated will always relate to the commencement date or the date of the last chargeable gains input, even where the output calculates an excess in one or more policy years. 11
FULL SURRENDER OF ONE OR MORE INDIVIDUAL POLICIES 12
FULL SURRENDER OF ONE OR MORE INDIVIDUAL POLICIES Fill out the required information and click on calculate. 13
FULL SURRENDER OF ONE OR MORE INDIVIDUAL POLICIES You will then see the calculation on the next screen. 14
PREPARATION The next three slides outline how you obtain the correct data for an OMW Bond. You will need to run a transaction history from the platform so that you can obtain the correct data to input into the tool 15
TRANSACTION HISTORY To do this find the client, go into the account screen and then click on reports and transaction history 16
TRANSACTION HISTORY Once you have requested the report and it is ready the transaction history will be available from the documents tab in the account screen 17
SUPPORT AVAILABLE - Queries on how the types of report differ - https://www.informerdigital.com/portalclient/en/knowledge- Direct/Investments/UK-Bonds/Chargeable-Gains-on-Onshore-Bonds/ - The OMW Customer Contact Centre - Your local E-Business Specialist or Sales Consultant 18
www.oldmutualwealth.co.uk Calls may be monitored and recorded for training purposes and to avoid misunderstandings. Old Mutual Wealth is the trading name of Old Mutual Wealth Limited which provides an Individual Savings Account (ISA) and Collective Investment Account (CIA) and Old Mutual Wealth Life & Pensions Limited which provides a Collective Retirement Account (CRA) and Collective Investment Bond (CIB). Old Mutual Wealth Life Assurance Limited, Old Mutual Wealth Limited and Old Mutual Wealth Life & Pensions Limited are registered in England & Wales under numbers 1363932, 1680071 and 4163431 respectively. Registered Office at Old Mutual House, Portland Terrace, Southampton SO14 7EJ, United Kingdom. Old Mutual Wealth Life Assurance Limited and Old Mutual Wealth Life & Pensions Limited are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Their Financial Services register numbers are 110462 and 207977 respectively. Old Mutual Wealth Limited is authorised and regulated by the Financial Conduct Authority with register number 165359. VAT number for all above companies is 386 1301 59 Old Mutual Global Investors is a trading name for Old Mutual Global Investors (UK) Limited and Old Mutual Investment Management Limited both of which are authorised and regulated by the Financial Conduct Authority. Their Financial Services register numbers are 171847 and 208543 respectively. Old Mutual Global Investors is registered in England & Wales under number 02949554 and its registered office is 2 Lambeth Hill London EC4P 4WR.Old Mutual Investment Management is registered in England & Wales under number 4227837 and its registered office at Millennium Bridge House, 2 Lambeth Hill, London, EC4V 4AJ. VAT number for all above companies is 386 1301 59. Royal Skandia Life Assurance Limited is registered in the Isle of Man under number 24916C. Registered and Head Office: Skandia House, King Edward Road, Onchan, Isle of Man, IM99 1NU, British Isles. Phone: +44 (0)1624 655 555 Fax: +44 (0)1624 611 715. Authorised and regulated by the Isle of Man Insurance & Pensions Authority. Royal Skandia Life Assurance Limited is a member of the Association of International Life Offices. Skandia International is registered in Ireland as a business name of Skandia Life Ireland Limited. Skandia Life Ireland Limited Registered No: 309649 Ireland. Administration Centre for correspondence: Skandia House, King Edward Road, Onchan, Isle of Man, IM99 1NU Tel: +353(0)1 479 3900 Fax: +353(0)1 475 1020 Head Office: Iveagh Court, 6-8 Harcourt Road, Dublin 2, Ireland. Tel: + 353 (0) 1 479 3900 Fax: + 353 (0) 1 475 1020.Registered Office: Arthur Cox Building, Earlsfort Terrace, Dublin 2, Ireland. Skandia Life Ireland Limited is regulated by the Central Bank of Ireland. VAT number for Skandia Life Ireland Limited is 6329649S. Skandia Life Ireland is a member of the Association of International Life Offices.