Capital protected investment plan, potential 6% per year if the FTSE rises…
If you are concerned about low savings rates, and the impact of inflation, this new capital protected kick out plan may be worth a closer look.
The Capital Protected FTSE 100 Kick Out Plan from IDAD offers 6% interest for each year (not compounded), provided the FTSE 100 Index at the end of each year from year 3 onwards, is at or above a required kick out level. The required kick out level reduces from 105% of the FTSE 100 initial level at year 3, to 100% in years 4, 5 or 6.
So that’s a potential 18% after 3 years, 24% after 4 years, or 30% after 5 years, or 36% in the final year.
Since the plan is also available as an ISA, and accepts ISA transfers, if you’re thinking what else is out there that could release greater potential from your cash, this could be a compelling option. The downside is that the return is not guaranteed, so you could receive only your initial capital back.
Important Information: Although this is a capital protected structured investment plan, it is not covered by the Financial Services Compensation Scheme (FSCS) for default alone. There is a risk that the company backing the plan known as the Counterparty may be unable to repay your initial investment and any returns stated.
Potential Return: 6% for each year invested (not compounded), if the FTSE is above required kick out level
Potential to mature early (kick out) each year from year 3 onwards
Capital Protected Product
Not eligible for the Financial Services Compensation Scheme
Available for ISA, ISA Transfer and Direct Investments. Also available to businesses, charities, trusts and SIPP and SSAS pension schemes
Investment term: Maximum 6 Years
Arrangement fee applies
Minimum single investment: £10,000
Maximum ISA investment: £20,000
No Maximum for ISA transfers and non-ISA investments
This plan is now closed for applications. Please fill out your details below to register an interest for the next issue of the plan which will launch shortly