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