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Select Investment plan

Overview

The NFU Mutual Select Investment Plan allows you to invest in a range of NFU Mutual OEIC’s (Open Ended Investment Company), outside of a stocks and shares ISA. This might be useful if you have already maximised your ISA allowance for the current tax year. This plan is a medium to long term investment, designed to be held for 5 to 10 years or more. If you cash in your investment you may not get back what you have invested. We have a number of funds with varying levels of risk to suit investors with different attitudes to risk.

Full details of this policy can be found in the Supplementary Information Document which should be read and understood before you decide to proceed with any purchase.

ARRANGE AN APPOINTMENT

Tax treatment depends on individual circumstances and may change in the future.

You should be aware that the value of your investment and any income from it may go down as well as up and you may get back less than invested.

Select Investment Plan - At a glance

  • 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 2014/15 the exemption is £11,000.

Prior to 31st 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.

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

Can I take money out?

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.

Does it produce an income?

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.

How can I follow my Investment’s progress?

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.

What Funds can I invest in?

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.

What risk profiles do our funds have?

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.

Take the time
to talk to us

Our Financial Advisers are able to help you better understand the complexities of risk and advise you on investments compatible with your attitude to risk*.

LET'S TALK

* Please note

When you contact us we'll explain the advice services we offer and our charges. NFU Mutual Financial Advisers advise on NFU Mutual products and selected products from specialist providers.

For security and training purposes calls may be recorded and monitored.