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Standard secured Oeic aims for tax efficiency

Standard Life is offering the second tranche of its secured capital plan which will be available to investors until April 25.

The structured product gives full capital protection and growth of 114 per cent in any FTSE 100 index over the investment term.

Investors can maximise tax efficiency via use of the plan’s Oeic structure, returning gains as capital rather than income. The design allows basic and higher-rate taxpayers to minimise tax by using their capital gains tax allowance.

The secured capital plan can be used for Isa and Pep transfers. Minimum investment is 5,000 and there is no maximum on investments made outside an Isa.

The tranche has an end date of April 25. If all the shares are sold before this date, it will close early.

Product manager Gerry McGrath says: “This tranche should prove attractive to investors. It combines an appealing participation rate with the tax benefits that the Oeic structure brings.

“In addition, it offers the scope for an investor to maximise their full Isa allowance. This is an excellent proposition for a basic or higher-rate taxpayer who wants 100 per cent capital protection and the benefit of potential growth in the stockmarket”

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