Our investment bond
Designed as a long-term investment, Select Investment is our investment bond that gives you the potential to benefit from stock market growth.
Flexibility
Invest for income, growth or a combination of the two, with regular or one-off withdrawals
Expertise
Access a wide range of investment funds, all managed by our professional fund managers
Tax planning
Putting the bond in a Trust could help you to minimise any inheritance tax liability
The amount you’ll get back depends on how long you invest for, the performance of the funds you choose, our charges and any withdrawals you make.
The value of your investments can go down as well as up and you may get back less than you originally paid in.
Is Select Investment for you?
If you’re wondering whether or not this investment bond is right for you, take a look at what Select Investment could do for you.

Income tax payer
If you’re a basic or higher rate tax payer with at least £10,000 to invest over the medium to long term, which is 5 to 10 years or more, then Select Investment could be for you.
If you're not a UK taxpayer, you won't be able to take out a Select Investment bond.

Medium to long-term
If you have enough funding for a rainy day or two, you might want to consider Select Investment and put some of your spare money to work – as long as you're happy with the level of risk involved.
Our charges
There are two types of charges that we may apply to your bond – annual management charges and fund charges.
Annual management charges
We take an annual management charge to cover the cost of running your bond. We cancel units in your funds on the first of each month to pay for it.
Fund charges
Some funds have charges in addition to the basic annual management charge. These vary depending on the funds you choose.
There may be an extra management charge and/or a fund management expense charge, which covers the fund manager’s expenses connected with buying, selling, valuing and maintaining the assets.
What Select Investment offers
Our investment bond has a variety of benefits that could help you grow your money.
- Growth potential
The funds you can invest in have the potential to increase in value, so you could see your money grow over the long term - Wide fund range
Our wide fund range offers a distinct selection of investment funds, catering to different aims and risk levels. Visit our Fund Centre to learn more about all of our funds - Expertise
All of the funds available through our Select Investment, benefit from expert fund management. The Fund managers’ aim is to achieve the highest possible returns they can for your money. - Flexibility
Take regular or one-off withdrawals and move money from fund-to-fund. - Keep track of your investments any time, anywhere
Check your bond value, withdraw money, see your transaction history or view your documents with a MyAviva online account (this isn't available for trustees, deputies and attorneys at present).
- Take your money out, your way
You can make regular or one-off withdrawals from your bond. Please remember, any withdrawals you take from your bond will be taken from your capital. - Tax planning
You might want to reduce or even eliminate any inheritance tax liability, so putting your bond in a trust might make sense. Depending on the way you put your bond in trust, you could lose access to the investment and/or any growth it generates. - Additional Investments
We always recommend you speak to a financial adviser before making decisions about your investments. If you have your own financial adviser, please speak to them. If you don’t have an adviser, the Aviva Financial Advice Team can guide you on all your financial planning options. You can call us on 0800 046 8408 or go to investment advice.
How it works
We explain the way Select Investment works in 3 steps.

Choose your funds
We’ll invest your money in the funds you choose, like stocks and shares, property, or gilts.

We’ll help you diversify
By investing in a range of different funds, you can spread the risk to your money, as you’re not putting all your eggs in one basket.

We’ll keep you updated
We’ll send you a statement each year shortly after the anniversary of your investment date. The statement includes an easy to follow summary and valuation of how your bond is doing.
Things to consider
Make sure you're comfortable with the risk of investing before you get started.
- The value of your investment can go down as well as up and you may get back less than you invest
- Remember, any income from Select Investment will be in the form of cash withdrawals from the bond. These will be capital payments rather than interest or earnings. So, if investment growth doesn’t keep up with the level of income you take, the value of your bond will reduce
- Tax treatment depends on your individual circumstances and may be subject to change in future.
- Depending on the funds you choose, there may be restrictions on when you can access your money. Or there could be penalties imposed on withdrawals at certain times. Visit our Fund Centre and click on the fund name to access the factsheet and learn more about the features and risks before choosing a fund.
Are you eligible?
- Minimum Investment Amount is £10,000 minimum with no maximum
In most cases, the maximum that can be invested into any Smooth Managed Fund is £1 million. If you want to invest more than this, please contact us. - Aged 12-85
From ages 12-15, the proposal needs to be signed by a parent or guardian - Basic or higher-rate income tax payer
If you don’t pay any income tax, Select Investment may not be suitable for you
Helpful documents
Ready to apply?
We always recommend you speak to a financial adviser before making decisions about your investments. If you have your own financial adviser, please speak to them. If you don’t have an adviser, the Aviva Financial Advice Team can guide you on all your financial planning options. You can call us on 0800 046 8408 or go to investment-advice.
Looking for something different?
We have a range of products that you can invest in. Tax treatment depends on individual circumstances and is subject to change.

Aviva Stocks & Shares ISA
You can invest up to £20,000 tax-efficiently in the 2023/2024 tax year in a stocks and shares ISA. Make changes or take out money whenever you need without notice or penalties.

Our self-invested personal pension (SIPP)
Take control of your retirement with our self-invested personal pension. You can manage your account online, choose where to invest your money and get tax relief on your eligible payments.

Aviva Investment Account
When you want to invest beyond your ISA limit, you could choose our professionally managed funds, starting with a lump sum or by making monthly payments.
Already have an investment bond with us?
Get information about your bond.
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Product provided by: Aviva Life & Pensions UK Limited. Registered in England No. 3253947. Registered office: Aviva, Wellington Row, York, YO90 1WR. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Firm Reference Number: 185896.
Pension product provided by: Aviva Pension Trustees UK Limited. Registered in England No. 2407799. Aviva, Wellington Row, York, YO90 1WR. Authorised and regulated by the Financial Conduct Authority. Firm Reference Number 465132.
Platform provider and ISA Manager: Aviva Wrap UK Limited. Registered in England No. 4470008. Aviva, Wellington Row, York, YO90 1WR. Authorised and regulated by the Financial Conduct Authority. Firm Reference Number 231530.