I have an old A&M trust comprising of 5 single premium investment bonds. The settlor is still alive and wants to bring the trust to an end. The trust passed its second 10 year anniversary last year. I have calculated that there are anniversary (and will be) exit charges due.
The investment companies have provided me with valuations but I am not sure which figures I am meant to be relying on for the purpose of completing the anniversary charges: I have been given a mixture of:
- Surrender values
- Cash-in values
- Fund values
- Surrender values excluding final bonus
I am unsure which of the above (if any) are the correct figures to use.
Can any one help?