ISA

Selestia Investment Solutions is the brand name of a new investment platform that combines the strength, innovation and award-winning service standards of two of the UK’s market leading investment providers; Selestia and Skandia MultiFUNDS. The ISA provides you with access to a tax-efficient method of investing, together with complete flexibility over fund choice and product features. The Selestia Investment Solutions investment platform offers access to over 900 funds, from 67 fund managers, all under one roof. Your existing ISA investments can be re-registered across free of any initial charge, so you can hold all your investments in one place, giving you more control over your investments.

Useful literature and information

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

ISA:

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

Benefits

• The ISA offers you the chance to invest in a choice of over 900 funds all under one roof.
• You can 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.
• It offers you flexibility over how you would like your 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. 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 between 18 and 90.

Minimum and maximum subscription
	Maximum investment per tax year	Minimum first payment
Lump sum Transfer	£7,200	£2,500
Re-registration	Unlimited	£2,500
Direct Debit	£7,200	£99 pm

Skandia MultiFUNDS Limited does not offer a cash ISA.

You can choose to pay your initial charge on top of your allowance, which means the full £7,200 is invested.

Term

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

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