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Key Dates |
| Download Brochure - ISA |
Closing Date: 25 May 2012 |
| Download Brochure - Non ISA |
ISA Transfer closing date: 11 May 2012 |
| Download Direct Investment & ISA Application | |
| Download ISA Transfer Application | |
| Download SIPP/SSAS Application |
Summary
The Plan will provide fixed annual or monthly payments throughout the term of the Plan, with additional bonus payments dependent on the performance of the FTSE 100. Bonus payments will be paid if the FTSE 100 is higher than its starting level at the end of the payment period (either annual or monthly). There are two Plan options available: the Investec option and the UK 5 option, both options are available in an annual and a monthly version. The UK 5 option is designed to reduce the risk of potential loss to your investment in the event that Investec fails or becomes insolvent. The risk to your investment will instead be dependent on the solvency of the named UK 5 (HSBC Bank plc, Nationwide Building Society, Santander UK plc, The Royal Bank of Scotland plc and Lloyds TSB Bank plc). Investec option: • Annual version – Fixed payments of 7% per annum with potential bonus payments of 0.50% per annum. • Monthly version – Fixed payments of 0.58% per month with potential bonus payments of 0.04% per month. UK 5 option: • Annual version – Fixed payments of 6.3% per annum with potential bonus payments of 0.50% per annum. • Monthly version – Fixed payments of 0.52% per month with potential bonus payments of 0.04% per month. Both options aim to return the amount you initially invested, by maturity. However, if the FTSE 100 falls by more than 50% from the starting level during the Plan, and finishes lower than the starting level, your maturity payment will be reduced by 1% for every 1% fall in the FTSE 100. For further details on how Investec calculate payments and your return please see ‘How does the Plan work?’ on pages 8-9 (pages 8-10 for the ISA Option) of the plan brochure. Considerations for Investing If the following statements apply then an investment in the plan may be appropriate: • You are prepared to risk losing some or all of your initial Plan investment • You want regular payments • You are looking for an investment linked to the performance of stock markets • You do not need access to your money over the next 5 years • You want a tax-efficient investment using your ISA allowance or via a SIPP/SSAS (Non-ISA Option) • You have a minimum of £3,000 to invest If the following statements apply then an investment in the plan may not be appropriate: • You want regular income via dividends • You cannot commit to the full Plan Term • You may need immediate access to your money • You want a known guaranteed rate of return • You want to add to your investment on a regular basis • You do not want to invest in a UK onshore asset that is subject to UK tax rules  |
