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 closing level of the index on 12 August 2022.
The closing level of the index on 14 August 2028.
| 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 income payments 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: 35%
Downside: 1:1
Capital at Risk Barrier Type: End of Term only
If the Final Index Level is no more than 35% below its Initial Index Level, investors' capital should be returned in full. However, if the Final Index Level is more than 35% below its initial level, investors will suffer a reduction to their invested capital of 1% for every 1% the Final Index Level is below its respective Initial Index Level.
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: Not expected to exceed 0.8%.
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: £90
Early ISA Transfer: £90
Other Charges: £15 for any proceeds to be forwarded by same day transfer (CHAPS) or no charge for standard electronic transfers (BACS) or cheque.
| Event | Outcome | |
|---|---|---|
| Citigroup Global Markets Ltd default | = | Return of any capital subject to insolvency proceedings - potential total loss |
| If not | ||
| Regardless of the movement in the FTSE 100 Index | = | Quarterly income of 1.4% gross is paid throughout the term |
| Event | Outcome | |
|---|---|---|
| Citigroup Global Markets Ltd default | = | Return of any capital subject to insolvency proceedings - potential total loss |
| If not | ||
| If at the end of the term the FTSE 100 Index is no more than 35% below its Initial Index Level | = | Return of invested capital in addition to income outlined above |
| If not | ||
| As the FTSE 100 Index is more than 35% lower | = | Invested capital is reduced in line with the fall in the index at maturity on a 1% for 1% basis |
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.
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.