Meteor FTSE Monthly Contingent Income Plan

Meteor FTSE Monthly Contingent Income Plan


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The opportunity for up to 6.00% annual income, even if the FTSE falls by 25%

With the current record low interest rate environment, income is high up on the agenda for many investors and so the ability to receive 6.00% per year even if the FTSE falls by up to 25%, is certainly worth a closer look
Oliver Roylance-Smith

Oliver Roylance-Smith

Head of Savings and Investments

The Meteor FTSE Monthly Contingent Income Plan offers investors a 0.50% income payment each month, provided the value of the FTSE 100 Index at the end of the month has not fallen by more than 25% below its level at the start of the plan – that’s a potential 6.00% income each year. If the Index closes below this level, no income will be paid for that month.

The plan has a maximum term of 10 years, but also offers the opportunity to receive your initial capital back in full before then. This will happen if the FTSE has risen 5% or more at the end of each quarter (from year 2 onwards), in which case you will receive your income payment for that month, along with a full return of your initial investment – this means your investment ends early.

With income high up on the agenda for many investors, the ability to receive up to 6.00% per year, even if the FTSE falls by up to 25%, might be worth a closer look.

Plan Details

Potential monthly income: 0.50% (equivalent to 6.00% annually)

Potential to kick out (mature early) quarterly from year 2 onwards

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 10 Years

Arrangement fee applies

Minimum single investment: £5,000

Maximum ISA investment: £20,000

No maximum for ISA transfers and non-ISA investments

Deadlines

ISA Transfer applications: 2 October 2018
Direct & ISA applications by cheque: 10 October 2018
Direct & ISA applications by bank transfer: 16 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.

Meteor FTSE Monthly Contingent Income Plan October 2018

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