Executive Wealthbuilder Account

An investment solution designed for lump sum investment with the option to also invest regular premiums for the medium to long term.

Benefits

Good prospects for capital growth.

The facility to take regular withdrawals from your investment while keeping easy access to your capital.

The opportunity to provide life assurance cover for family protection or Inheritance Tax purposes.

Changing your choice of funds is currently free of administrative charge. This way, you are not 'locked' into the fortunes of a fund or fund management group that may no longer be suitable. A dealing turn may apply on switches (please refer to the product brochure).

Tax-efficient growth

Whichever investment funds you select, growth can be achieved tax-efficiently. As Royal Skandia is based on the Isle of Man, it is not currently liable to any form of tax in respect of the income and gains on policyholder funds. This means that, with the exception of certain investment income that may be subject to a tax deduction in its country of origin, the Executive Wealthbuilder Account will grow tax-free. Policyholders may be liable to taxation on any gains made on the Account.

Policyholder protection and peace of mind

Of all the major offshore centres, only the Isle of Man has a statutory compensation scheme for life assurance companies. This means that Royal Skandia investors benefit from unrivalled protection.

Who is eligible?

The minimum and maximum age limits for investment are 18 and 89 respectively. The Executive Wealthbuilder Account is designed for international investors.

Minimum premiums

• Minimum initial premiums:
  Single premium: £5,000 / $7,500 / €7,500.
  Regular premiums:
  Monthly: £200 / $300 / €300.
  Quarterly: £600 / $900 / €900.
  Half-yearly: £1,200 / $1,800 / €1,800.
  Yearly: £2,400 / $3,600 / €3,600.

• Minimum additional premiums:
  Single premium: £1,000 / $1,500 / €1,500.
  Regular premiums:
  Monthly: £50 / $75 / €75.
  Quarterly: £150 / $225 / €225.
  Half-yearly: £300 / $450 / €450.
  Yearly: £600 / $900 / €900.

More information

This page is only intended as a general indication of the Executive Wealthbuilder Account’s structure. More information on the Executive Wealthbuilder Account can be obtained from your professional financial adviser or Royal Skandia office.

For more information, and advice on the suitability of this Account, please contact your professional financial adviser.

Investors should be aware that the value of unit-linked contracts is not guaranteed and the prices of units can fall as well as rise. Where a fund invests in securities designated in a different currency to the fund, the value of the fund may rise and fall purely as a result of exchange rate fluctuations. Royal Skandia can give no guarantee that tax reliefs and the tax treatment of funds will remain the same in the future. The value of any reliefs will depend on individuals' circumstances.

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Information on this site about Royal Skandia is not intended for Hong Kong residents. Royal Skandia does not offer investment advice and information on this site should not be construed in this way.