Part 4Savings and investment income

Chapter 9Gains from contracts for life insurance etc.

Policies and contracts to which Chapter 9 applies

475Special rules: personal portfolio bonds

1

In the application of this Chapter to personal portfolio bonds, certain special rules apply.

2

See, in particular—

  • section 515 (requirement for annual calculations in relation to personal portfolio bonds), and

  • sections 522 to 525 (method for making calculations and chargeable events where calculations show gains).

3

For the meaning of “personal portfolio bond” see section 516.