What Is It?

• A tax-efficient regular investment wrapper (providing that the qualifying rules are followed). Allows investment of £12,000 or more each year with either annual or monthly premiums.
• A range of options after 10 years of investment (providing that the qualifying rules are followed):
  • cash in all or part of the plan with no further personal taxation on the benefits taken.
  • leave the plan invested for further growth potential.
  • continue to pay premiums for a further 10 years.
• Access to more than 120 carefully selected funds from both Legal & General and a range of external fund managers.
• A transparent, unbundled charging structure with a range of adviser charging options - allowing you to agree a level of remuneration that suits both your client’s needs and your business model.
• Switching between funds without creating a chargeable event. Policyholders can switch up to twice each month with no switch charge.
• The flexibility of 100 policies within each plan.

Consider If Your Clients...

• Have more than £1,000 to invest each month (or £12,000 each year) for at least 10 years.
• Require more flexibility for income replacement in retirement than current pension plans allow.
• May regularly use their ISA allowance and annual CGT exemptions.
• May already or be likely to reach annual or lifetime pension allowances.
• Are prepared to accept some risk to their capital.
• Would like access to a wide range of funds covering all major asset classes.

The value of the plan can go up or down, is not guaranteed and investors may not get back as much as they’ve invested. The plan’s tax-favoured status depends on investors maintaining regular payments. If investors don’t maintain payments or need to cash-in all or some of the plan early, they may have a tax charge. There’s also an early cash-in charge in the first three years.