Wrap IPB

The International Portfolio Bond for Wrap is a lump sum, non-qualifying, whole of life, offshore investment linked life assurance contract into which one-off, additional single or recurrent payments may be made.

It is provided by Standard Life International dac and sold cross-border to UK residents. The Bond is accessed via the Wrap platform which is provided by Standard Life Savings Limited. It is available to individuals, corporate entities and trustees.

The International Portfolio Bond for Wrap is an Insurance Based Investment Product (IBIP) and is covered by the Insurance Distribution Directive (IDD). We have defined it as a complex product, since it offers exposure to financial instruments deemed complex under MiFID II and incorporates a structure which could make it
difficult for the customer to understand the risk involved.

For more target market and suitability information for this product download the statement of Target Market.


To be eligible for the Wrap International Portfolio Bond the following criteria apply:

  • Minimum age 18
  • Bondholder must be habitually resident in the UK
  • Up to 2 people can jointly own the Bond, and up to six lives can be assured

Payment limits

Payments Limits
Minimum single payment £20,000*
Discounted gift plan (trust) £60,000
Minimum additional single payment £2,500

Recurrent Single Payment minima

However, where a Recurrent Single Payment is being added to an existing bond, or where one is being paid along with a single payment of £20,000 or more, the payment limits reduce to the following:

£1,000 monthly
£3,000 quarterly
£6,000 half yearly
£10,000 annually

£500 monthly
£1,500 quarterly
£3,000 half yearly
£5,000 annually

*unless your client has at least £100,000 of assets in their Wrap account


Regular withdrawals can be taken monthly, quarterly, every four months, half yearly or yearly. At least £2,500 must remain in the Bond.

Investors can choose from a wide range of funds and can invest in up to 100 funds at any time. There is no tax liability on switching but switching charges can apply depending on the assets held.

Tax-deferred regular withdrawals

Up to 5% of the total payments made into the Bond can be taken by your client each year up to a maximum of 20 years, without any immediate tax liability.

There is more information on tax deferred withdrawals in the key features document, which you can find in the International Portfolio Bond literature page.

Estate and inheritance tax planning

The Bond can be used with a range of effective estate planning solutions:

  • Trusts – A way of gifting property, while retaining an element of control over who will benefit and when the benefits are paid. No probate is required.
  • Segmentation and assignment - The Bond can be split into up to 9,999 segments, with a minimum investment of £200 per segment.  The Bond owner can choose to assign segments to third parties who may be in a lower tax bracket. These third parties may then elect their own investment and withdrawal strategy.

International Portfolio Bond for Wrap segments and withdrawals calculator
This calculator will help you select possible segment numbers and withdrawal amounts for International Portfolio Bond for Wrap and Wrap International Portfolio Bond where a regular withdrawal is required.

Launch International Portfolio Bond for Wrap segments and withdrawals calculator (xlsm, 856KB)

Investment choices

The Wrap International Portfolio Bond offers a wide range of investments:

  • Choice of over 2,500 investment funds
  • On platform Discretionary Investment Managers (DIMs)
  • Off platform DIMs
  • Deposit accounts
  • Structured deposit accounts

Banks, fund managers and off platform Discretionary Investment Managers may have their own minimum investment which is different from the Wrap International Portfolio Bond.

Charges for off platform investments

We will take a charge each month which will be dependent on the value of your client’s investment in off platform deposit accounts or Discretionary Investment Managers (DIMs).

The annual charge depends on the amount held in the Bond:


Amount held in the BondAnnual charge
Up to £150,000 0.55%
£150,000 - £249,999 0.50%
£250,000 - £499,999 0.35%
£500,000 - £749,999
£750,000 - £999,999
£1 million and over 0.20%

Other charges and interest rates

For information on charges and interest rates applicable to Wrap International Portfolio Bond see our Wrap charges page  and supporting Wrap literature.

Relevant literature

Find out more detail about the Wrap International Portfolio Bond in our literature.

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