ISA best seller: the opportunity for 10.25% per year...
Earlier this year the FTSE closed at its highest level on record, but where will the market be in one year, or two year’s time? If you’re not confident it will rise significantly, but would like to achieve double digit returns even if the FTSE only rises a little, the Enhanced Kick Out Plan may be worth a closer look.
The plan has a maximum term of six years, but will ‘kick out’ provided the level of the FTSE 100 Index at the end of any plan year is higher than its value at the start of the plan (subject to averaging). If it is, then you will receive 10.25% for each year invested (not compounded), plus your initial investment back.
If the Index is lower at the end of every year, no growth return is achieved and your initial capital is returned in full unless the FTSE has fallen by more than 40% at maturity from it’s initial level. If it does, your capital will be reduced by 1% for each 1% fall, so there is a risk you could lose some or all of your initial investment.
This investment is our best selling growth plan with ISA investors over the last 12 months, and whilst the FTSE remains high, the opportunity for 10.25% growth in as little as 12 months could be appealing to investors.
Potential Return: 10.25% per annum in years 1, 2, 3, 4, 5 or 6
Capital At Risk Product
Available for Stocks & Shares 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: £3,000
Maximum ISA investment: £20,000
Maximum for ISA transfers and non-ISA investments: £1,000,000
ISA Transfer applications: 19 September 2018
Direct & ISA applications: 10 October 2018
Reduced arrangement fee: For investments of £100,000 or more into this plan, processed through Fair Investment Company, your arrangement fee will be reduced to 2% of your original investment.