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Managed Capital Account

The Managed Capital Account is an offshore based contract and offers investments in funds which are virtually free of capital gains and income taxes. (Withholding tax may be payable on certain dividend income in its country of origin.)

Benefits

Access to a wide range of funds with a choice of investment objectives and strategies.

Access to over 20 prestigious and internationally recognised fund management groups.

100% of premium invested.

Easy access to capital.

Access to withdrawals up to 5% per annum for up to 20 years without immediate liability to tax.

Life cover of 101% of the encashment value.

Option for additional life cover.

Access to Royal Skandia Trust Company and Royal Skandia's own trust range for effective inheritance tax planning.

Risks


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

If you cash in the bond early, or take withdrawals that exceed the growth, you may get less back than you paid in.

If you invest in a fund that holds investments in another currency, there may be additional risks because of exchange rate fluctuations.

Who is eligible?


UK residents.

Minimum and maximum ages


Minimum 18; maximum 89.

Minimum


£10,000 minimum initial single contribution.
£1,000 minimum additional single contribution.
£300 per month regular contribution.
£100 per month minimum increase.

Term


No minimum or maximum term.

This web page is only intended as a general introduction to the Managed Capital Account. Full details of the product can be found in the Managed Capital Account product brochure available from your financial adviser.

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