Shrewd Savings Plan ISA

We currently offer a choice of two ISAs: the NFU Mutual Stocks and Shares ISA is a stocks and shares ISA that gives access to unit linked investment funds. Our Shrewd Savings Plan ISA is also a stocks and shares ISA, but invests in our With-Profits fund rather than our unit linked investment funds.

On this page you will find information about the Shrewd Savings Plan ISA. To find out more about our unit linked Stocks and Shares ISA click here.

The NFU Mutual Shrewd Savings Plan ISA is a stocks and shares ISA that invests in our With-Profits fund. This means that your money is invested in a tax-efficient environment within our With-Profits fund, which aims to achieve balanced growth. In addition, any money you take out of your plan is paid without any further liability to taxation.

Investment limits

This tax year, the total annual ISA allowance is £7,200, which can be invested as follows:

The annual ISA allowance will rise to £10,200 from 6th April 2010, of which up to £5,100 can be invested in a Cash ISA option.

Investors who will be aged 50 or over on 5th April 2010 will get early eligibility for the increased annual ISA allowance of £10,200 and will be able to invest up to this amount from 6th October 2009.

NFU Mutual does not offer a Cash ISA Option.

How does the investment work?

If you take out an NFU Mutual Shrewd Savings Plan ISA, your money will be invested into the NFU Mutual With-Profits Fund, which means it will be spread across a large number of different investments, including fixed interest stocks, property and equities. The returns with this type of investment are 'smoothed', so you'll experience the potential for steady growth over the long-term. Any growth achieved will be reflected by increases in the unit price and a further ‘one-off’ addition of terminal bonus units which may be added when the units are cashed in. As with all stock market linked investments, the value of this plan can go down as well as up, and you may not get back the amount you invested.

You can invest from as little as £25 a month or £1,000 lump sum.

Investment expertise

Investments in the With-Profits Fund are managed by NFU Mutual's investment team, who choose which stocks to invest in. Their philosophy is always to balance potential returns without taking unnecessary risk. In other words, to generate long-term growth rather than speculative short-term gains for investors.

This information is based on NFU Mutual's understanding of current HMRC practice and legislation, which are subject to change. The value of relief from taxation is dependent upon personal circumstances.  

Shrewd Savings Plan ISA FAQ Find out more information about NFU Mutual's Shrewd Savings Plan with our frequently asked questions.

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