Portfolio Investments is a brand new range of high quality funds with no upfront charges. The funds are designed for people looking to maximise the potential returns from their savings. You can leave your money to grow or take an income.
The funds are actively managed by our investment partner Santander Asset Management who utilise the expertise of some of the best fund managers from around the world.
If you are Investing for Income the following Portfolios may be suitable: Cautious Portfolio - Invests in a diversified range of fixed interest investments and equities, with no more than 60% in equities. Balanced Income Portfolio - Looks to provide an above average level of income along with some potential for capital growth primarily from exposure to a diversified range of equities and fixed interest investments Equity Income Portfolio - Looks to provide an above average level of income along with some potential for capital growth from exposure to equities
Asset split
This is a summary of how the assets are split for each of the income portfolios:
UK
Equities
US
Equities
Europe
Equities
Japan
Equities
Pacific
Equities
Emerging
Markets
Bonds
Other
Total
Income Portfolios
Cautious
Portfolio
20%
6%
8%
4%
2%
0%
60%
0%
100%
Balanced Income Portfolio
50%
0%
0%
0%
0%
0%
50%
0%
100%
Equity
Income
Portfolio
100%
0%
0%
0%
0%
0%
0%
0%
100%
Please note that asset splits can change.
Invest through an Investments ISA
If you invest in Portfolio Investments through an ISA, you can make sure that any growth you enjoy is free of income and capital gains tax when you cash it in. You can also transfer an existing Cash or Stocks & Shares ISA from another investment provider to an Investments ISA which invests in one or more of the new Portfolios. Please note that your current ISA provider may charge you for transferring out.
Investing outside an ISA If you choose not to invest through an ISA, you may still benefit from tax advantages thanks to your Capital Gains Tax allowance. An adviser at any Abbey branch will be able to explain these benefits in more detail.
Minimum investment
The minimum lump sum investment into any of the Portfolios is £500 (the minimum for lump sum top up, into the same portfolio, is £250) and the minimum regular contribution is £25 per month.
What are the charges?
Unlike a number of other banks we do not impose an initial charge, so all your money is working hard for you from the start. There is an annual management charge which is up to 1.1% depending on which portfolio(s) you choose. There are additional charges to cover things such as auditors fees and stamp duty and these also vary depending on which portfolio or portfolios you choose. Please refer to our Key Features Document which is available from any branch for full details and to help you decide if this product is right for you.
Other information
Risk factors
The value of your investment can go up & down during the investment term. If you close your plan early you may get back less than you paid in.
The guarantee will be provided by Abbey National Guarantee Company, which is an English unlimited company.
It is a wholly owned subsidiary of Abbey National plc. The guarantee depends on the continued solvency of Abbey National plc.
The tax benefits may change in the future, which could affect how much you get back.
Next steps
Phone us on 0845 7654321 or call in to a branch to speak to an Abbey Financial Adviser.
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Portfolio Investments for Income