MultISA

Skandia’s MultISA is a stocks and shares Individual Savings Account (ISA) designed to maximise your tax-efficient savings in equity-backed investments.

Benefits

Allows you to diversify your portfolio through access to a wide range of fund managers and their funds.

You can hold funds from several providers in a single tax-efficient wrapper.

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

Allows you to transfer and consolidate your existing tax-efficient ISA holdings into MultISA’s equity-backed investments for easier administration and monitoring.

Allows you to 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 by direct credit in any months you want or you can take a partial withdrawal – both without any Skandia administrative charge.

No annual account charge in the first year.

In times of market volatility, you can invest in cash, while still keeping your money invested in a tax efficient environment. You can switch back into funds when you feel the investment environment is more favourable.

Risks

MultISA is intended as a long term investment. If you withdraw from it in the early years, you may not get back the full amount you invested.

Tax rules can change at any time, which may affect your investment.

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

If 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, aged 18 and over.

Minimum and maximum premiums

 

	Maximum investment per tax year		Minimum first payment		Minimum top-up
	Maxi MultISA	Mini MultISA	Maxi MultISA	Mini MultISA	Maxi MultISA	Mini MultISA
Lump sum	£7,329.84*	£4,188.48*	£3,000	£3,000	£500	£500
Transfer	Unlimited	Unlimited	£3,000	£3,000	£500	£500
Direct Debit	£7,329.84*	£4,188.48*	£99 pm	£99 pm	£10 pm	£10 pm
* Maximum investment includes the MultISA initial charge of 4.5%. Skandia does not offer the 'Cash' component of a Mini or Maxi 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 of the product can be found in the MultISA Key Features Document and the Fund and Charges Guide available from your financial adviser.

go to top

 

Printer friendly version.
Glossary.

Skandia Spectrum Funds

An innovative new concept in portfolio management
find out more

About Skandia

An overview of Skandia
find out more

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.

Calls may be monitored and recorded for training purposes and to avoid misunderstandings.