"Potential 2.75% pa and full capital protection..."
This defensive deposit plan from Investec offers:
- 2.75% pa: if the FTSE is above required kick out level
- Required kick out level: reduces from 100% of FTSE initial level down to 85% over term of 6 year plan
- Potential early maturity: annually from year 3 onwards
- Tax free: if held in an ISA, ISA transfers accepted
- Non-ISA also available: invest from £3,000
- Full capital protection: your initial capital returned in full no matter how well the FTSE performs
The Plan is available for 2020/21 Cash ISA, ISA Transfer, Direct Investment, as well as SIPP and SSAS pension investments. It is also available to businesses, charities and trusts.
- Investment deadline for ISA transfer applications: 10 July 2020
- Investment deadline for direct and 2020/21 ISA applications: 31 July 2020
Important Information: This is a structured deposit plan and is capital protected. There is a risk that the company backing the plan or any company associated with the plan may be unable to repay your initial investment and any returns stated. In this event you may be entitled to compensation from the Financial Services Compensation Scheme (FSCS), depending on your individual circumstances. In addition, you may not get back the full amount of your initial investment if the plan is not held for the full term.
Depending on your views of what might happen to the FTSE in the coming years, this plan offers full capital protection plus the opportunity for 2.75% pa, even if the market stays the same or goes down