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Merchant Capital – Capital Growth Plan Principal Lock-in

Merchant Capital – Capital Growth Plan Principal Lock-in

Capital-protected bond

Aim: Growth linked to the performance of the FTSE 100 index

Minimum-maximum investment: £3,000-£2m, Isa £10,200

Term: Five years

Return: 1.35 times the growth in the index

Guarantee: Original capital returned in full at end of term regardless of subsequent index performance if index reaches capital lock-in barrier of 110% of its initial value at any anniversary during the term, otherwise capital returned in full at the end of the term provided the index does not fall by more than 50% during the term without returning to at least its initial value

Closing date: June 18, 2010, June 11, 2010 for Isa transfers

Commission: Initial 3%

Tel: 020 7332 2200


Revenue admits drawdown error

HM Revenue & Customs has apologised after incorrectly telling LV= that income-drawdown investors could switch providers or buy an annuity before the age of 55 without facing an unauthorised payment charge. HMRC confirmed last week this is not the case and that these investors would face a 55 per cent tax charge, contradicting earlier email […]

InFocus - thumbnail

In Focus — February 2015

Jelf Employee Benefits looks at the issue of paying anaesthetist fees when the patient had no chance to discuss or agree to them prior to care; and provides recommendations for avoiding this scenario.


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