Select Investment plan

• You must be aged 18 or over to apply for your own NFU Mutual Select Investment Plan. Alternatively, an individual over the age of 18 can invest in a Plan on behalf of a child.
• You can invest via lump sums or regular contributions. Any lump sum investment must be at least £1,000 (including top-ups), there is no maximum investment limit.
• The minimum regular contribution is £25 per month. You can stop, restart, increase or decrease your regular payments at any time.
• Any gain made when you switch/sell shares in an OEIC is potentially subject to Capital Gains Tax (CGT) at 18% or 28% depending on your individual circumstances. However, each tax year you have an annual exemption, and total gains from all sources up to this limit is tax-free. In 2013/14 the exemption is £10,900.

Prior to 31^st December 2012, this product was known as the Portfolio Investment Plan. Please note that the terms and conditions of the two plans are not identical and you should refer to your original product documentation.

Our product information is based on NFU Mutual's understanding of current HMRC practice and legislation which is subject to change.

Withdrawals - Yes, you can write to us at any time and cash in some or all of your shares but, if you do not surrender them all, you must currently leave at least £1,000 invested and the withdrawal itself must be at least £500.

Transfers - Yes, you can instruct us over the phone to move an amount equal to your full ISA allowance into your NFU Mutual Stocks & Shares ISA each tax year.

Yes and you can choose to take any income generated if you wish. Alternatively, any income will automatically be reinvested into the fund from which it was generated.

The level of income can rise and fall and is not guaranteed.

Please note that your investment value can go down as well as up and you may not get back the amount you originally invested.

You will receive two statements a year showing all transactions since your last statement and the number and value of your shares.

You can also request an illustration of potential benefits by calling our Customer Services Team free on 0800 622 323. The actual amount will, however, depend on the performance of your chosen fund(s) and any withdrawals made.

Please note that your investment value can go down as well as up and you may not get back the amount you originally invested.

A list of all our funds can be found in Our funds. This includes descriptions and objectives of each fund. There is also the NFU Mutual risk rating of the funds.

You can switch your investment to a different fund at any time. There is currently no charge for this, however we reserve the right to charge for fund switches in the future. If you want to switch only part of your investment, a minimum of £500 must be switched.

You should be aware that switching could trigger a potential liability to Capital Gains Tax.

At NFU Mutual we rate all our funds against a set of risk profiles to help a customer understand if a fund suits their needs. If you would like to know more about the risk profiles, go to Our risk ratings page.