Key benefits:
- Flagship With Profits Fund
- Potential for real capital growth
- One-off withdrawals of £500+ at any time
- Tax efficient savings
The Wesleyan With Profits ISA is a stocks & shares ISA which
accepts new investments and transfers into Wesleyan’s flagship With
Profits Fund. It offers the potential for real capital growth with
the tax advantages of ISAs, whilst allowing for one-off withdrawals
of £500 or more at any time.
From 6 October 2009, the ISA annual allowance has been increased to
£10,200 for investors aged 50 or over before 5 April 2010. However,
t
his increased ISA allowance will be available to all
eligible investors from the 6 April 2010 to 5 April
2011.
*For the fifth year running, Wesleyan was awarded 10 out
of 10 from Cazalet Consulting’s latest analysis of With Profits
providers. We are the only life office to have secured top marks
for five consecutive years, setting a new precedent in Cazalet
rankings.
Please remember that past performance is not a guide to future
performance.
How much can I invest?
Who can invest?
This product is designed for investors who are prepared to accept a
limited degree of fluctuation in the value of their investment in
return for the potential of real capital growth.
You must be a UK resident who is aged 18 to 74
to open a stocks and shares ISA.
Important information
What should I consider?
- As with most stocks and shares investments, you should consider
this as a medium to long-term investment (minimum five
years).
- What you get back with depend on a number of factors including
investment performance and the level of charges. You are not
guaranteed to make a profit and you may get back less than you
originally invested.
- If you subscribe to a Wesleyan With Profits ISA you will not be
able to subscribe to another stocks and shares ISA during the same
year. If you invest the full ISA allowance in the Wesleyan With
Profits ISA you will not be able to subscribe to a cash ISA during
the same tax year.
- An annual management charge of 1.5% will apply as
well as an initial charge.
- Tax treatment of the With Profits ISA depends on your
individual circumstances and may be subject to change in the
future. This information is based on our understanding of the
current tax position.
- Exit fees may be applied by your existing ISA provider when
transferring your investment to Wesleyan and while the transfer is
going through, your funds will be out of the market. However, there
are no maximum limits for transfers from previous tax years' stocks
and shares and cash ISAs and these do not affect your current tax
year ISA limits.
There is no guarantee that an investment transferred into the
Wesleyan With Profits ISA will perform better than your existing
investment.
- In some circumstances we may apply a Market Value Reduction if
you choose to make withdrawals or cash in your account. This means
we may have to reduce the value of your investment.
How do I apply?
Applying is easy
Please download and read
carefully all of the documents below which provides
important information on how your investment will
operate, which include:
You will not receive a personal
recommendation from us. If you are unsure whether this plan is
suitable for you, or you would like details of our other ISA
portfolios, you should seek advice from your Financial
Consultant.
Proof of Identity
In order to protect customers from the risk of
fraud, and to prevent money laundering, the law requires us to
check the identity and address of all people who open
accounts.
This applies to both new and existing customers. Please refer to
the section 'Confirming your Identity' on the Application Form and
send the documents requested with your application to:
Freepost Plus RRXE-LJST-RACK
Wesleyan Assurance Society
Colmore Circus
Birmingham
B4 6AR
Alternatively, if you would like us to send
you a With Profits ISA direct application pack please complete the
form.
Resources
Click below to download the document
