Commentary on Sections Structure of Chapters Overview Section 517: Policies and contracts which are not personal portfolio bonds
2044.This section introduces a let-out from the charge on personal portfolio bonds for policies and contracts where an index or property is, broadly speaking, of a public or not unusually restricted nature (as defined in sections 518 to 521). Many unit-linked policies benefit from this let-out. This section is based on regulation 4 of PPB(T)R.