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| Key Dates | ||
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Plan Closes: 24 September 2010 |
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| Download Direct Investment/ISA Application |
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| Download Limited Company Application | ||
| Download Trustee Application (including Pensions Trusts) | ||
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Plan Summary
The Guaranteed Step-Up Income Plan is a structured deposit which will return your Original Investment if it is held to final maturity on 20 July 2016. In addition, the Plan provides annual Minimum Income Payments, regardless of the performance of the FTSE 100 Index. These payments step-up each year of the Plan. However if, at any Annual Income Observation Date, the Index Level is the same as or greater than the Initial Index Level, the Plan will also provide a Bonus Income Payment, bringing the total Annual Income Payment to 6% gross. (Minimum overall return on the Plan is equivalent to 6.75% of your Original Investment) Term: 6 years Capital Protection: Your original investment will be returned at Maturity Guaranteed Annual Minimum Income Payments: You will receive fixed Guaranteed Annual Minimum Income Payments which step-up each year of the Plan, regardless of the performance of the FTSE 100 Index. The six Guaranteed Annual Minimum Income Payments are equivalent to 6.75% of your Original Investment over the term of the Plan. Bonus Income Payments: If, at an Annual Income Observation Date, the Index Observation Level is the same as, or greater than, the Initial Index Level, you will receive a Bonus Income Payment. A Guaranteed Annual Minimum Income Payment plus a Bonus Income Payment is equal to 6% gross per annum. Six Annual Income Payments comprising the Guaranteed Annual Minimum Income Payment and the Bonus Income Payment are equivalent to 36% of your Original Investment. Minimum Investment Amount: £10,000 - Suitable for Direct, SIPP/SSAS and Offshore Bond investment |
