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Consumer > Investment for Consumers > With Profits > Declared Bonus Rates > Declared Bonus for 2006
Declared Bonus for 2006
The directors declared regular bonuses for 2006 in respect of the unitised with profits contracts for the Talisman, Individual and Retirement Solutions contracts. These are shown in the table below:
| Regular bonus rate on basic units | Regular bonus rate on declared bonus units | Terminal bonus rate | |
|---|---|---|---|
| With Profits 1 | 0.5% | 0.5% | up to 44.0% |
| With Profits 2 | 0.5% | 0.5% | up to 11.0% |
| With Profits 3 | 3.0% | 3.0% | up to 11.0% |
With Profits 1 relates to business sold or benefits switched to with profits before 12 September 2000.
With Profits 2 relates to business sold or benefits switched to with profits between 12 September 2000 and 30 June 2001.
With Profits 3 relates to business sold or benefits switched to with profits after 30 June 2001.
Notes
Interim bonuses are payable at the regular bonus rates for 2006.
Terminal bonus is calculated as a percentage of the with profits unit account in respect of each policy year's premium payments and depending on the number of years of participation completed. These rates apply to policies becoming claims by maturity and death with effect from 1 January 2007.
Crest Growth Plan - With Profits fund
From 1 January 2007 the bonus rate is 0.5% p.a. for business sold or benefits switched to with profits before 1 July 2001 and 3.0% for business sold or benefits switched to with profits after 30 June 2001. In addition, a terminal bonus may be payable to money purchase schemes. The terminal bonus is calculated as a percentage of the amount of the with profits unit account in respect of each year's premium payments, the percentage depending upon the number of years of participation completed. The maximum terminal bonus rate for business sold or benefits switched to with-profits before 12 September 2000 was 48% and, for business sold or switched to with profits subsequently, 12%. These rates applied to policies becoming claims by maturity and death with effect from 1 January 2007.
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