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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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| Download SIPP/SASS Application |
Plan Closes: 20 October 2008 |
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| FSA 'Capital at Risk Product' Brochure |
Last Transfers: 06 October 2008 |
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| Order literature by post | ||
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Plan Overview
The investment objective of the Plan is to provide an annual or monthly income with the capital return at maturity linked to the performance of the FTSE™ 100 Index. The full Investment Term is 5 and a half years. You should not invest if you need access to your money during this period. Please refer to page 4 of the brochure for full details. • A choice of 7.25% fixed annual income (5 payments of 7.25% and 1 payment of 3.625%) or 0.59% fixed monthly income on your initial capital investment. • If the Final Index Level of the Index is the same or higher than the Starting Index Level the Plan will repay at maturity the original capital invested. • If the Final Index Level is less than the Starting Index Level then your original capital investment will be repaid unless: – at any time during the Investment Term the closing level of the Index falls by 50% or more from its Starting Index Level, in which case you will also lose some or all of your initial capital investment. – The amount of capital that you will lose will be 1% of your original capital investment for each 1% that the Final Index Level of the Index is below its Starting Index Level. Where the difference results in a fraction of 1% the fraction will be applied. Way to Invest Direct into the Plan (not via an ISA) You can invest between £10,000 and £1,000,000 direct into the Plan. By using your 2008/09 ISA allowance You can invest using your full Stocks and Shares ISA allowance of £7,200. Alternatively you can invest £3,600 through your Stocks and Shares ISA allowance, and at least £3,600 as a direct investment into the Plan as the minimum total in these circumstances is £7,200. This still allows you to utilise your full Cash ISA allowance of £3,600 in the 2008/09 tax year, if required. By transferring an existing ISA investment into the Plan The minimum you can transfer from an existing ISA (including former PEPs which were reclassified as ISAs on 6 April 2008) is £3,600 but there is no maximum. You can also transfer as many existing investments as you wish but there may be exit or associated charges. See page 7 of the brochure - ‘Investment Risks’, for details. |
