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Clerical self-invest deal for FutureProof

Clerical Medical has set up a self-invested fund allowing its FutureProof individual pension plan customers a wide range of investment opportunities, including commercial property and equities.

The fund is available to customers with a minimum of £100,000 in their individual pension plan who want to invest at least £10,000 into a self-invested fund. Up to 100 per cent of funds can be self-invested.

Features of the self-investment fund include tax benefits, ranging from income tax relief on payments, VAT and income tax efficiency on the cost of advice and the ability to invest pre-funded tax relief on contributions.

Customers can place funds in a wide range of investments, including commercial property in the UK, shares listed on any Revenue & Customs-recognised stock exchange and unit trusts.

Customers will only pay charges for self-investment if their SIF account is activated. If funds are moved back to the Clerical insured pension funds, the charges will cease.

Marketing and distribution director Paul McNam-ara says: “Customers now have this sophisticated option to self-invest while taking advantage of the low charges on Clerical Medical’s pension funds.”


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