Your product options
You can open a Flexibond or a Select Investment Plan, we ask that you familiarise yourself with the key features document of the investment product you would like to open.
A Flexibond is an investment bond that is set up as an insurance policy that pays out 101% of the investment value on death, so that it can benefit from a favourable tax treatment.
Through a Flexibond you can invest into a number of NFU Mutual funds with varying levels of risk to suit a range of needs
A Flexibond is designed as a long-term investment to be held for at least 5 years, with no fixed term. Each policy year you can withdraw up to 5% of the total amount you’ve invested, without having to pay any tax at that time. If you take withdrawals of more than 5% of your accumulated allowance in a policy year or fully cash in your Flexibond, you may have to pay some higher or additional rate income tax. If you do not use your 5% allowance it can be carried forward to use in future years.
A Flexibond can be opened singularly or jointly with up to four owners, with two lives assured. Through this service you can open a Flexibond with a maximum of two owners who are also the lives assured. If you wish to have more than two joint owners or different lives assured, please call us on 0800 980 8229.
To open a Flexibond, you and/or the joint owner must be over 18 and under 85 years old.
You must be a resident in the UK for tax purposes to open a Flexibond through this service.
Key features of the NFU Mutual Flexibond [PDF: 200KB]
Select Investment Plan
A Select Investment Plan is a general investment account allowing investors to invest into a number of funds from NFU Mutual and selected providers with varying levels of risk to suit a range of needs.
A Select Investment Plan is designed as a long-term investment to be held for at least 5 years, with no fixed term.
You can make withdrawals at anytime, if you are not closing your plan a minimum of £1,000 must remain. Any gains you make will be taxed under the Capital gains tax rules and any dividend or interest payments will be subject to Income tax.
You can open a Select Investment Plan if you are 18 or over and a UK resident for tax purposes, and a plan can be held in one name or two.
Key features of the My Investments Select Investment Plan [PDF: 205KB]