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KEY
FEATURES
- A choice of over 200 funds from world leading fund managers.
- The ability to create an investment portfolio of funds specially for you.
- Funds researched and selected to give you maximum choice and investment potential.
- The option to change funds at any time, currently free of administration charge.
- The benefit of fund discounts only available through Royal Skandia.
- No initial charge on our investment so 100% starts working from day one.
INVESTMENT FLEXIBILITY TO MAKE YOUR MONEY GROW
With some investment accounts you are limited to one fund manager who can give you access to a limited range of investment funds. The Managed Capital Account offers you much greater investment flexibility. You can invest in and move between many different
funds managed by some of the world leading investment managers.
What's more, as many of the funds are equity based, you are taking steps to protect your investment from the effects of inflation. This is because in most economic climates, equities generally grow at a faster rate than inflation over the long term.
Designed for lump sum, or regular savings, the Managed Capital Account gives your money the perfect opportunity to grow.
CONTRIBUTIONS
Minimum initial single premium £10, 000 (US$15,000 or €15,000).
Minimum additional single investment £1,000 (US$1,500 or €1,500).
Minimum regular premium £300 a month (US$450 or € 450)
Minimum increase to regular premiums £100 a month (US$150 or €150)
AVAILABILITY
Available to ALL international investors, aged 18 or over, other than residents of the
Isle of Man. Maximum age of the life assured at commencement is 65.
ADDITIONAL FEATURES
- 100% allocation to purchase units at the bid price.
Linked to an extensive range of tax-efficient managed, sector and specialist funds providing a choice of investment strategies.
- Access to a selection of the world’s most prestigious
fund management
groups.
- With the exception of certain investment income which may be subject to a tax deduction in its country of origin, investment funds benefit from tax-free growth.
- Unlimited number of switches and re-direction of funds at any time.
- Tax-efficient income may be taken monthly, quarterly, half-yearly, or yearly as required (automatic withdrawal option available).
- Penalty free withdrawals - 10% Penalty-Free Allowance ensures up to 10% of total premiums may be taken each year, free of Early Encashment Charge. Any allowance not used may be carried forward to the following year.
- Easy access to your Account by linking it to an offshore Lloyds Bank Account.
- Full or partial encashment available at any time.
- Loan Facility (up to 50% of the bid value of the Account may be taken).
- Multiple policy facility.
- Valuable life assurance benefit providing 101% of the encashment value of the Account on death.
- Additional life cover available to provide increased protection for dependants (subject to underwriting).
COMPETITIVE
CHARGES
1% Annual Management Charge (Royal Skandia reserves the right to increase this charge in the future)
Establishment charge of 1.6% a year of the fund value of the premiums paid - whether single or
regular taken up to the fifth Account anniversary from the last Account year in which the premiums were paid.
Additional annual fund management charges may apply. These reflect the nature of the underlying assets and are dependent on the degree of external management of the fund(s) chosen.
£5 (US$7.50 or €7.50) a month naintenance charge if in a month the higher of the premium paid or fund value is below £10,000 (US$15,000 or €15,000)
Early Encashment Charges - on encashments above the Penalty-Free Allowance made within five years of beginning of the last year in which premiums are paid. This Charge is 8% of the fund value purchased by those premiums in the year in which they are paid, reducing by 1.6% a year on each Account anniversary to nil after five years. A seperate five year period will apply to each Account year premiums are paid.
PEACE
OF MIND:
As part of the internationally renowned Skandia Insurance Company Limited, Royal Skandia benefits from the financial strength and security of one of Europe’s oldest and largest insurance operations with assets in excess of £69 billion. You can therefore rest assured that your investment is in safe hands.
Royal Skandia is located in the politically stable and tax-efficient offshore centre of the Isle of
Man.
Confidentiality - Royal Skandia seeks to provide confidentiality to its investors by restricting the availability of information to third parties.
Investors should be aware that the value of unit-linked contracts is not guaranteed as the prices of units may fall as well as rise. The value of funds which hold assets designated in a different currency to the fund may rise and fall purely as a result of exchange rate fluctuations.
LITERATURE
DOWNLOADS
How Do I Establish A
Royal Skandia Managed Capital Account ?
Having decided that the Royal Skandia Managed Capital Account is a suitable and appropriate contract for your requirements, you should;
1.Decide the amount you wish to contribute.
2.Choose your fund links, and decide how your contributions are to be split among the
fund links chosen - We at CSM Ltd Can of course assist with this
process.
3.Choose the currency in which your contract should be denominated
4.Then,request the application
form
If you would like to receive a personalised illustration simply
contact
us.
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