Why invest in our Flexible Savings Plan?
At Wesleyan, we understand that you want to be flexible with your money. That's why our easy-to-manage Flexible Savings Plan allows you to mix regular and one-off payments to suit you.
- Invest in a choice of 17 funds, including our flagship With Profits Fund
- Grow your investment from as little as £100 per month
- Switch between funds, and top up your investment at any time
- Can be used in combination with a trust
Please note initial and ongoing charges apply.
Bear in mind the value of investments and any income can go down as well as up and you may get back less than you invest.
Initial Advice Charge
When you open your investment through a Specialist Financial Adviser from Wesleyan Financial Services, an Initial Advice Charge of 3% applies to each one-off or regular payment you make.
If, after setting up your plan, you subsequently make a direct payment without taking further advice, the Initial Advice Charge will not be payable on that payment.
Annual Management Charge
An Annual Management Charge (AMC) applies, which is a percentage of how much your plan is worth each year. The AMC percentage depends on the fund or funds that you invest in, and can be found in the fund factsheets in our fund prices centre.
If you are taking a regular income from your plan, the AMC will increase by 0.3%.
If you are opted in to Wesleyan Financial Services’ Ongoing Advice Service (OAS), the cost of the OAS will be 0.5% of your plan value each year.
We may also charge you for switching your money between different funds, though the first switch each year is free.
Please refer to the Key Features Document for more details of the tax treatment of the Flexible Savings Plan.
You can take out a Flexible Savings Plan if you are aged 18 or over, and are a UK resident for tax purposes.
The maximum age for taking out a plan is 74, but if you take the plan out jointly, only one of you needs to be 74 or under.
Please read the following documents before applying: