All investment involves risk and you could lose some or all of the money you invest.
It is imperative that you read the plan brochure and terms and conditions and understand all of the risks involved, which are outlined on page 8 and 9 of the brochure, prior to proceeding. If you do not fully understand the risks, the commitment or you are unsure as to the suitability of the investment for you, you should not proceed but instead contact us for advice.
The February 2023 reference level of the UK RPI All Items Index for the interest payment and the closing level of the FTSE 100 Index on 31 May 2023 for the additional payment.
The February 2027 reference level of the UK RPI All Items Index for the interest payment and the closing level of the FTSE 100 Index on 1 June 2027 for the additional payment.
| Cash ISA | Equity ISA | Direct | ISA Transfer | SIPP ** | |
|---|---|---|---|---|---|
| Availability | No | Yes | Yes | Yes | Yes |
| Minimum Contribution* | N/A | £10,000 | £10,000 | £10,000 | £10,000 |
*Note that minimum contributions exclude any applicable adviser charges
**The investment may also be available through third party SIPP Providers
The product literature states that under current legislation any interest payment will be paid gross and subject to UK income tax at the investor’s highest marginal rate.
Please note, tax rules and legislation are subject to change at any time.
Barrier Level: 40%
Downside: N/A
Capital at Risk Barrier Type: Not Applicable (Structured Deposit)
The plan's literature states that, in the event that the underlying deposit taker defaults during the term of the contract, investments into the plan may be eligible for compensation as provided by the Financial Services Compensation Scheme (FSCS). The availability of such compensation is, however, dependent upon the investor's eligibility as defined under the terms of the FSCS, and certain investment limits will apply.
Please refer to page 8 of the product literature for full details of the FSCS status of this product.
Unless stated otherwise charges do not affect the amount being invested as they have been taken into account in the terms of the investment. So, for every £100 invested, the return, provided the investment is held until maturity, should be £100, plus or minus the gain or loss in accordance with the defined terms. Separate fees may be payable to your adviser, platform or stockbroker for arranging this investment.
The initial charge incorporated in the terms of the investment: A maximum of 1% of the net investment.
If surrendered early, the value will be dependent on a number of factors and may be less than the original amount invested. In the event of early surrender the provider may levy an administration fee which will be deducted from the surrender proceeds as follows:
Early Surrender: £100
Early ISA Transfer: £100
| Event | Outcome | |
|---|---|---|
| Barclays Bank plc default | = | Return of any capital subject to insolvency proceedings - may be eligible for compensation via the FSCS |
| If not | ||
| If at the end of the term the UK RPI All Items Index February 2027 reference level is above its February 2023 reference level, and the FTSE 100 Index closes at or above its Initial Index Level | = | Return of net invested capital plus an interest payment equal to the percentage rise in the Index between the two February reference levels, plus an additional 2% interest payment |
| If not | ||
| If at the end of the term the UK RPI All Items Index February 2027 reference level is above its February 2023 reference level, but the FTSE 100 Index closes below its Initial Index Level | = | Return of net invested capital plus an interest payment equal to the percentage rise in the Index between the two February reference levels |
| If not | ||
| If at the end of the term the UK RPI All Items Index February 2027 reference level is equal to or below its February 2023 reference level, but the FTSE 100 Index closes at or above its Initial Index Level | = | Return of net invested capital plus a 2% interest payment |
| If not | ||
| If at the end of the term the UK RPI All Items Index February 2027 reference level is equal to or below its February 2023 reference level, and the FTSE 100 Index closes below its Initial Index Level | = | Return of net invested capital only |
Our opinion has been reached following an assessment of this and other current plans available at the time of publishing and on balance, this is one of our 'Preferred' plans. Please note, however, plans may lose their 'Preferred' status if an alternative plan becomes available which, in our opinion, has more attractive terms.
It must be appreciated that it is very possible that none of the investments featured on this site are suitable for you and so the 'Preferred' status or lack of it should not be construed as advice or a recommendation to invest. You should always ensure that you read the product literature carefully to satisfy yourself as to the terms and the risks of any investment before proceeding.
This plan offered by iDAD offers an interest payment of 100% of the increase in UK RPI All Items Index over the term. With multi-decade high inflation in the UK, we feel this plan is worthy of consideration as part of a diversified portfolio to protect against the real losses caused by inflation. Over the twelve months to March 2023 RPI increased by 13.5% and whilst we do not expect the annual rate of increase to remain this high, this deposit will maintain spending power over the term whatever the increase is. Additionally the deposit offers 2% extra interest potential, payable if the FTSE 100 rises.
If you have any questions about any investment featured on the site, please call 0191 281 8811.
We would welcome the opportunity to talk to you about your investment needs. This web site is operated by Lowes Financial Management Ltd who have been Independent Financial Advisers since 1971. If you have any doubts about the suitability of an investment for you, and would like to speak to an adviser from Lowes Financial Management, please call 0191 281 8811.
Given that there is no commission built into the terms of this plan there will be no cash-back available. Where no advice has been sought or given we charge a fee for acting as intermediary for all investments, which is 1.65% of the amount invested. Please note that minimum investment limits exclude any applicable fees.