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Applications must be posted to Moneyworld and arrive at least three days before the official closing date to guarantee delivery to the Investment Company before close of business. |
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Key Dates |
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Plan Closes: 24 November 2008 |
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Last Transfers: 10 November 2008 |
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Plan Overview
•Exposure to Global Equities, Commodities and Property •100% Capital Protection at Maturity* •Tax Efficient Returns •6 Year Investment Term Capital Protection from a major financial institution rated A+ or better by Standard & Poor’s or equivalent. *Capital protection is subject to continuing solvency of the A+ rated capital issuer and may be at risk if you redeem during the 6 year investment term Ways to Invest ISA Investments You can invest in an ISA completely tax-free. The Multi Asset Rainbow Plan is only available via a Stocks and Shares ISA. The maximum allowance in any one year for investments into a Stocks and Shares ISA is currently £7,200. ISA Transfers Consolidate existing ISA holdings by transferring them into the Multi Asset Rainbow Plan. In this case, all growth payments will remain sheltered from any tax. A transfer can give you the chance to benefit from the combination of growth and capital protection offered by the Plan (minimum aggregate transfer value is £3,600, there is no upper limit on the amount that you can transfer unlike new investments into ISAs). Consideration prior to transfers should include exit and associated charges of encashing your existing investments and the potential for loss of income or growth whilst the transfer is pending. Direct Investments
If you have already used your ISA allowance, or if you
want more of your savings to benefit from the terms of
this plan, invest directly into the Multi Asset Rainbow
Plan. By investing directly into the Plan (not via an
ISA or an ISA transfer) you may still be able to receive
some or all of your growth from the Plan free from
further liability to tax. When the Plan matures, you
will only pay tax on any growth (combined with other
investment growth subject to Capital Gains Tax (CGT))
which exceeds your CGT allowance in that tax year. Under
current legislation any investment growth you receive
which exceeds your CGT allowance would be subject to tax
at a flat rate of 18%. The current annual CGT allowance
is £9,200, but this my change by the time the Plan
matures. The capital gains treatment also applies to
investment by minors, even if their parents are the
source of the invested capital.
Pension Plans It may be possible for SIPP and SSAS Plans to invest in the Multi Asset Rainbow Plan. Any growth would be free of tax within such pension arrangements. |
