Skandia MultiFUNDS MultISA

Skandia MultiFUNDS Limited is still open for business and has not changed. Clients will be transferred over to the Selestia Investment Solutions investment platform on a date to be confirmed. At the same time as the transfer Skandia MultiFUNDS Terms and Conditions will change to those previously offered by Selestia Investments Limited.

For information on Mini/Maxi ISA changes, effective from 6 April 2008, please follow this link.

Useful information such as Servicing Commission Guide and Switch Form.

MultISA:

Skandia’s MultISA is provided by Skandia MultiFUNDS Limited. A MultISA is a stocks and shares Individual Savings Account (ISA) designed to maximise your tax-efficient savings in a wide choice of investments.

Benefits

You can:

• Hold funds from a choice of fund managers, or delegate fund manager selection and monitoring to Skandia by investing in the Skandia Investment Management Limited range of funds.
  
• Switch funds free of any Skandia administration charge.
  
• Transfer and consolidate your existing tax-efficient ISA holdings into one MultISA for easier administration and monitoring – all in one account.
  
• Take regular automatic income either as a fixed monetary amount, a percentage of your account value or from income generated from interest and dividends. Income can be paid in any months you want straight into your bank account or as a partial withdrawal – both without any Skandia administrative charge.
  
• Access your investment online. We offer a secure client extranet site so you can obtain valuations, switch or review fund options online. There is also a UK-based freephone helpdesk for general enquiries. Statements are sent to you twice a year.

Risks

• A MultISA is intended as a long-term investment. 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 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 residents who are also ordinarily resident, aged 18 and over.

Minimum and maximum subscription

	Maximum investment per tax year	Minimum first payment	Minimum top-up
Lump sum	£7,200	£3,000	£500
Transfer	Unlimited	£3,000	£500
Direct Debit	£7,200	£99 pm	£10 pm
Skandia does not offer a cash ISA.

Term

• There is no term limit. Your MultISA can stay invested for as long as you like.

This web page is only intended as a general introduction to the Skandia MultISA. Full details can be found in ‘details of Skandia’s fund supermarket’.

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Information on this website is not intended for Hong Kong residents. Information on this website about Skandia Group Companies is intended for UK residents only, unless it relates to Royal Skandia, Skandia Life Norge or Suomen Sivuliike. Skandia Group companies do not offer investment advice and no information on this website should be construed as such.

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