Managed Capital Account
The Managed Capital Account is 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).
An early encashment charge may be levied on any full or partial withdrawals that you make.
Risks
The value of fund units can go down as well as up and investment growth cannot be guaranteed.
If you cash in the bond early, or take withdrawals that exceed the growth, you may get less back than you paid in.
If you invest in a fund that holds investments in another currency, there may be additional risks because of exchange rate fluctuations.
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 Managed Capital 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 85 respectively. The Managed Capital Account is designed for international investors.
Minimum premiums
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Minimum initial premiums:
Single premium: £10,000 / $15,000 / €15,000.
Regular premiums:
Monthly: £300 / $450 / €450.
Quarterly: £900 / $1,350 / €1,350.
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Minimum additional premiums:
Single premium: £1,000 / $1,500 / €1,500.
Regular premiums:
Monthly: £100 / $150 / €150.
Quarterly: £300 / $450 / €450.
More information
This page is only intended as a general indication of the Managed
Capital Account's structure. More information on the Managed Capital
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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