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Investment Bond

Do you have a lump sum to invest over 5 years or more?

Looking to invest a lump sum of between £1000 and £250,000? Our Investment Bond offers you the ability to invest a lump sum and which could grow over time by the potential addition of bonuses.

  • Potential addition of bonuses to grow your Bond
  • Guaranteed dates where you can withdraw your investment without any penalty (known as Market Value Reduction or “MVR” free dates) regardless of market conditions.
  • Withdrawals of up to 5% each year of the original investment allowed without any penalty or immediate taxation
  • No fixed term, although due to surrender penalties in the first four years it should be invested for at least five years and should be viewed as a medium to long term investment
  • An additional 1% of the invested amount will be added to your investment from day one. This will form your “sum assured” which is the guaranteed minimum value of your investment if you withdraw on guaranteed dates
  • If you choose to take withdrawals from your Investment Bond this will reduce the guaranteed sum assured.
  • Available to UK residents aged 18 or over
  • Can be held in joint names

It is important to remember that, depending on investment conditions, you may not get back the full amount originally invested.

If you close your Investment Bond or withdraw over 5% of the value of your original investment when surrender penalties are in force then a penalty will be charged regardless of investment conditions and you may get back less than you paid in.

The addition of any bonus is not guaranteed and depends upon the performance of the underlying With Profits fund, our expenses and other factors. Past performance is not a guarantee of future performance and rates may be higher or lower than in previous years.

Please ensure that you read the full Key Features document contained with the application before applying for your Investment Bond. You should also read the Key Features Guide below and the Frequently Asked Questions. If there is anything you do not understand then you should contact us for clarification.

We are not able to offer advice and therefore if you require advice on whether this is the right product for you, you should seek advice from an independent financial advisor who may charge for this.

Tax treatment is based on our current understanding of rules which may change in future and will depend on individual circumstances.

Key features

  • A lump sum investment of between £1000 and £250,000.
  • Can be held in single or joint names.
  • Enhanced sum assured of 101% of the original investment.
  • Guaranteed capital protection (through a sum assured) on certain dates.
  • First guaranteed date is 10th anniversary of the Bond.
  • Income withdrawal of up to 5% per year (of original investment) without penalty.
  • Potential for the addition of bonuses.
  • Invests in the Society’s With Profits Fund.
  • Tax treatment of full or part withdrawals depends on your tax status and the amount of the withdrawal – please see Key Features Guide within the Application Pack for further details.
  • Life Cover during the life of the Bond.
  • Surrender penalties apply in the first 4 years. A market value reduction may apply on non-guaranteed dates.

FAQs

Please Note: You must confirm you have read the key facts, before downloading this document.

Key Facts about our services and costs

1. The Financial Conduct Authority (FCA)

The FCA is the independent watchdog that regulates financial services. This document is designed by the FCA to be given to consumers buying certain financial products. You need to read this important document. It explains the service you are being offered and how you will pay for it.

2. Whose products do we offer?

We offer products from the whole market

We only offer products from a limited number of companies

We only offer our own products

3. Which service will we provide you with?

We will advise and make a recommendation for you after we have assessed your needs.

You will not receive advice or a recommendation from us. We may ask some questions to narrow down the selection of products that we will provide details on. You will then need to make your own choice about how to proceed.

We will provide basic advice on a limited range of stakeholder products and in order to do this we will ask some questions about your income, savings and other circumstances but we will not:

  • conduct a full assessment of your needs;
  • offer advice on whether a non-stakeholder product may be more suitable.

We can only offer products from Kingston Unity Friendly Society. These products will enable you to:

  • protect yourself and your loved ones in the event of death
  • save and invest with the added benefit of protecting yourself and your loved ones in the event of death
  • provide benefit cover in the event of sickness

4. What will you have to pay us for our services?

Normally, if you buy a financial product direct from us, there will be no payments such as commission or fees payable. If there are any commission or fees payable, we will tell you how we get paid and the amount before we carry out any business for you.

5. Who regulates us?

Kingston Unity Friendly Society, 9 Navigation Court, Calder Park, Wakefield, WF2 7BJ is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and .the Prudential Regulation Authority. Kingston Unity Friendly Society’s FCA Registered Number is 110056.

Kingston Unity Friendly Society permitted business is advising and arranging life assurance and pensions business.

You can check this on the FCA’s Register by visiting the FCA’s website www.fsa.gov.uk/register or by contacting the FCA on 0845 606 1234.

6. What to do if you have a complaint

If you wish to register a complaint, please contact us:
…in writing Write to Kingston Unity Friendly Society, Complaints Department, 9 Navigation Court, Calder Park, Wakefield, WF2 7BJ. …by phoneTelephone (01924) 240164

If you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service.

7. Are we covered by the Financial Services Compensation Scheme (FSCS)?

We are covered by the FSCS. You may be entitled to compensation from the scheme if we cannot meet our obligations. This depends on the type of business and the circumstances of the claim.

Most types of insurance business are covered for 90% of the claim with no upper limit.