Investment plans

Maximum Investment Plan

The Maximum Investment Plan is a tax-efficient savings plan which requires regular payments for at least 10 years. Its performance is related to funds of your choice, and it provides a lump sum at the end of the savings term free of any personal liability to tax. You can choose to extend the contract beyond the ten years and take flexible, regular, tax-free income while still investing contributions. The assets in which your contributions are invested are subject to life assurance company taxation and so this will affect the investment growth achieved.

Benefits

The plan allows you to diversify your portfolio via access to a wide range of fund managers and their funds.

You can delegate fund selection and monitoring to Skandia by investing in the Skandia Investment Management range of funds.

After ten years you will get a capital cash sum free from personal taxation.

You can increase or decrease contributions within the qualifying limits, without affecting your right to withdraw benefits (within qualifying limits) free from personal tax, ten years after taking out the plan.

You can take tax-efficient withdrawals after ten years providing your plan has been extended.

Provides life cover.

Risks

If you cash your plan in early, we cannot guarantee the amount you will get back – this could be less than the amount you paid in.

The value of fund units within your investment can go down as well as up, and investment growth cannot be guaranteed.

If you stop paying contributions, your life cover may stop.

Who is eligible?

Available to UK residents aged over 18. There is no maximum age limit, however for life cover to apply the applicant must be aged under 80.

Minimum and maximum premiums

Minimum initial contribution: £50 per month or £250 per year.
Minimum additional contribution: £5 per month or £50 per year.

Term

Initially 10 years.

This web page is only intended as a general introduction to the Skandia Maximum Investment Plan. Full details of the product can be found in the Maximum Investment Plan Technical Guide available from your financial adviser.

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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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