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Woolwich capital plus plan offers half of index rise

Woolwich Plan Managers is introducing the lastest tranche of its capital plus plan featuring 25 per cent minimum return or 50 per cent of FTSE 100 growth.

This sixth tranche is claimed to be suitable for cautious investors who are prepared to hold the investment for six years. Early redemption could result in a loss.

The plan is eligible for Isa investment of up to 7,000, with a transfer deadline on Isas or Peps of May 12. The offer closes on May 27.

Spokesman Colin Dickie says: “The capital plus plan provides cautious investors with the reassurance of a product designed to give them back their original investment at the end of the six-year term. It also gives them the opportunity for returns without the risk of a direct stockmarket exposure.

“The return of 25 per cent is equivalent to an annual compound rate of 3.8 per cent rate. Outside of an Isa, investors would need to earn 4.7 per cent or 6.3 per cent respectively for basic-rate and higher-rate taxpayers, making an Isa investment in this plan highly competitive.”

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