There are two Bonds available on the Wrap platform – the Onshore Bond and the International Portfolio Bond for Wrap (also known as the Offshore Bond). You can only buy a Wrap Bond through a financial adviser. If you don’t already hold a bond on the Wrap platform, you will need to appoint a financial adviser to your Wrap account to open one on the platform.
Bonds are medium to long term investments so should usually be held for at least five years. Onshore and Offshore Bonds have different rules and limits that apply. Read below for more information about the Wrap Bonds.
Please note that if you hold an Offshore Bond on the Wrap platform but don't have an adviser linked to your account, due to the level of risk involved with this type of investment, you won't be able to change your fund selection or make any new payments into the bond. You are able to take withdrawals or fully encash the Bond. As making withdrawals may have some tax implications for you, you should obtain tax advice before making such a decision.