THE PERFORMANCE BOND ISA

If you are investing for the future, it helps if you can forecast your return. In light of the recent interest rate reduction you may be looking for an investment that provides a reliable return, preferably higher than you would receive from a bank or building society. Legal & General offer you the opportunity to take advantage of our fixed term, tax free investment, the Performance Bond ISA. This offer is available from 26 February until 12 April 2001. The Performance Bond ISA offers you a clear investment choice of Income or Growth. The Growth Option 40% Growth Tax Free If you invest the full ISA allowance of £7,000 in the current tax year (2000/2001) and £7,000 in the next (2001/2002) into the Performance Bond ISA this would be worth £19,600 in just 5 years. The Income Option 7% p.a. Income Tax Free Should you wish to take an income, the Performance Bond ISA gives you 7% p.a. tax free, providing the investment is held for 5 years.

The risks explained You will also receive your capital back in full at the end of the 5 year term, providing the level of the FTSE 100 Index, at any time in the final three months (using end of day levels), is not lower than the level at the start of the 5 year term. To clarify this, we have produced the following illustrations to show what might happen to your investment should the FTSE 100 Index fall during the 5 year period.

For those looking for greater capital security*, there's also our Secure Bond ISA which is not linked to stockmarket performance and offers a return of 28% growth or 5% p.a. income tax free. For further details please click here. Lock in Your Gains These investments are also available for all PEP transfers. There is no limit to the amount transferable from other PEP investments and we will accept both general and single company PEPs. Remember, we make no transfer charges, however, you should check with your existing plan manager who may make a charge. Investment Opportunity

PEP Transfer

Unlimited Transfer

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2000/2001 and 2001/2002 Maxi ISA investment amounts:

Minimum £1,000

Maximum £7,000

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2000/2001 and 2001/2002 Mini ISA investment amounts:

Minimum £1,000

Maximum £3,000

Important Dates

29 March

PEP transfer offer closes

Transfers are normally completed within two weeks so applications must be received by 29 March 2001 at the latest

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5 April

End of the tax year, closing date for 2000/2001 investments

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12 April

ISA offer ends

You can request an investment pack by calling 0800 096 6959 quoting FO97NA01. Alternatively, click here to view and print literature.

*Whilst the Performance Bond and Secure Bond ISA/PEP are secure products, they are not guaranteed because if any financial institutions to whom the money is lent defaults, your return will be reduced.

 

 

Full written details of terms and conditions are available on request.

Tax assumptions are those currently applicable and are subject to statutory change.

The value of tax relief will be dependent on individual circumstances of the investor.