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Skandia Investment Solutions stocks and shares ISA (Individual Savings Account)

When Skandia created the UK’s first fund supermarket, we pioneered an appealing and innovative way for investors to buy and sell collective investment funds from a wide range of fund managers.

Now Skandia Investment Solutions, our market-leading investment platform, brings an even greater level of convenience and simplicity. Our platform enables you to hold and manage all your fund-based investments within a single, consolidated portfolio. It provides an environment where you and your financial adviser can better control your investments; where you can review them, ensure that your investments match your attitude to risk, and take advantage of switching; free of any Skandia charge.

The ISA provides you with access to a tax-efficient way of investing. It gives you access to more than 900 funds and if the funds you hold in any existing ISA investments are available on our platform you can re-register them free of any initial charge, so you can hold all your investments in one place, giving you more control over them.

The ISA is provided by Skandia MultiFUNDS Limited.

Useful literature and information

The ISA is a stocks and shares ISA designed to maximise your tax-efficient savings in a wide choice of investments.

Benefits

  • The Skandia Investment Solutions platform gives access to over 900 funds.
  • You can initially invest in up to 50 funds per application, allowing you to spread your investments as you wish, to create a fully diversified portfolio. You can switch between funds, free of any administration charge.
  • If you hold a cash ISA you can transfer the money into a stocks and shares ISA. Skandia does not offer a cash ISA.
  • It offers you flexibility over how you can take any income and when you would like it.
  • You can also access your investments online through our secure client extranet site.

Risks

  • An ISA is intended as a long-term investment to be held for five or more years. If you withdraw from it, you may not get back the full amount you invested, particularly in the early years.
  • Tax rules can change at any time, which may affect your investment.
  • The value of shares and units within your investment can go down as well as up, and investment growth cannot be guaranteed.
  • While you are transferring your existing ISA investments, you could incur a loss of income or growth, depending on market conditions.

Who is eligible?

  • UK individuals who are resident and ordinarily resident for tax purposes, aged between 18 and 90.

Minimum and maximum subscription
  Maximum investment per tax year (2010/2011) Minimum payment
Lump sum
payment		 £10,200 £2,500
Re-registration
and transfer		 Unlimited £2,500
Monthly Direct Debit £10,200 a year £99 per calendar month

Skandia MultiFUNDS Limited does not offer a cash ISA.

You can choose to pay your initial charge on top of your maximum ISA subscription, which means the full £10,200 is invested.

Term

  • There is no fixed time period for the investment. Your ISA can stay invested for as long as you like.

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Our online services

Adviser site.
UK Client.
Swedish Client.

Principles of ethical investment

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Fund information