How to invest
If you're interested in investing a single lump sum for an income, growth or both, then you can do so through an investment bond.
Our investment bond is called 'Select Investment'
It allows you to invest a single lump sum, and is designed to give you an income (through cash withdrawals from your bond), growth or both. With Select Investment, you can invest your money in a wide range of differente funds, including the With-Profit Fund.
You’ll need to have at least £10,000 to invest in a lump sum, with an upper limit of £1,000,000. Although there’s no fixed term, it’s designed to be a medium- to long-term investment – so 5-10 years, or more. Remember, the value of your investment can go down as well as up, so you may get back less than you invested.
When you apply for our Select Investment, one of the funds available to you is a with-profits fund.
If you’re not sure investing in with-profits is right for you, you can speak with your financial adviser to find out more. Of course, where advice is provided, there may be an additional cost to you.
Investing through other products
A pension plan
A pension plan is a way of investing money that you can use when you retire. The money you pay in can be invested in a range of funds, including the With-Profit Fund.
You’ll need to choose the age you want to retire, which is any time between 55 and 75. You may be able to take retirement benefits before the age of 55 in certain circumstances, such as ill-health. The value of investments can go down as well as up and you may get back less than you invested.
If you want to work until after you’re 75 you can, but you’ll have to take your money out of this plan and put it into one that lets you use your pension fund after 75.
You can take your retirement benefits on your chosen retirement age. You can choose to take your pension fund as a cash lump sum, where the first 25% will be paid tax-free, but the remainder will be taxed. Tax treatment is subject to change and depends on your individual circumstances.
When you retire, you may decide to use your pension fund to buy an annuity, which gives you a regular income for the rest of your life.
If you want the potential to grow the amount of money that will be paid to you as an income, you can choose to invest in our With‐Profits Pension Annuity. There is a risk that the amount you get paid will actually reduce, but because we offer a guarantee, it will never fall below a minimum amount.
You should see an annuity as a lifetime commitment, as you can’t usually cancel or make changes to it once you’ve purchased it
If you're not sure if investing in with-profits is right for you, please make sure you speak to a financial adviser first, as they'll be able to help you decide if this is right for you. This advice might come at an additional cost.
Trying to decide whether this is for you?
A financial adviser can help you understand more about with-profits and whether it’s the right thing for you.
If you’re looking for help with your pension or retirement options, our financial advice support team can help you decide whether financial advice is right for you.
If you don’t have a financial adviser, you can find one in your area at Unbiased. You may have to pay for any advice you receive.
Looking to invest in our With-Profit funds?
You can invest through one of these products.
Our investment bond gives you the potential to benefit from stock market growth. You can invest for growth, income or a combination of both.
Guaranteed income for life
Use some or all of your pension to buy an annuity that pays you a regular and guaranteed income for the rest of your life.
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