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Options ISA

Whether you're looking for a fixed rate, total security, or you're happy to sacrifice some protection for potentially better returns, you can get it all in one simple stocks and shares ISA

To top-up an existing Options ISA please call us on 0345 88 22 999

It is important you understand all of the key features of the Options ISA if you are considering applying.

For savers who are willing to sacrifice guarantees for potentially higher returns

  • Higher potential returns than the other options, but without any guarantees
  • Invest as little as £100 lump sum or £40 regular premium
  • You can withdraw your money at any point*
  • Save up to £20,000 in total this tax year

*The (not so) small print

  • The Options ISA, including the Non Guaranteed option, is a stocks and shares ISA.
  • The value of tax benefits depends on your individual circumstance and tax rates or legislation which could change in the future.
  • Your savings can go up and down and you may get back less than you put in when you withdraw your savings.

 

Returns There is no guaranteed return with this option. Your savings are invested in our Life Fund which takes advantage of any growth in shares, property, commodities, bonds and cash. It is for those who are looking for potentially higher returns than our other options but are willing to sacrifice security and guarantees to achieve this
Guarantees There are no guarantees with this option
ISA Allowance You can save up to £20,000 this tax year (but transfers from previous tax years are also allowed)
Contribution Lump sum or regular premium
Minimum Investment £100 lump sum / £40 regular premium
Payment Options Invest via debit card, bank transfers, cheque (not online) or ISA transfers
Accessibility Access anytime. Your investment can go up and down, and you may get back less than you have put in when you withdraw your savings
Top-ups Top-ups permitted (minimum of £100 lump sum / £40 regular premium)
Transfers Transfers permitted
Charges There are charges on this plan. You can find full details in the Key Features document.


It is important you understand all of the key features of the Options ISA if you are considering applying.

The table below shows the value of an Options ISA - Non Guaranteed option invested on 1 October 2012 to 1 October 2017. It shows the value that the member could have received if they were to withdraw all of their investment on the specified date. Example based on Police Mutual simulated past performance figures.

Date Police Mutual Non Guaranteed % in period
01/10/2012 £13,000 -
01/10/2013 £14,208 + 9.3%
01/10/2014 £15,140 + 6.6%
01/10/2015 £16,017 + 5.8%
01/10/2016 £15,963 - 0.3%
01/10/2017 £17,347 + 8.7%
Total gains £4,347 + 33.4%


You should remember past performance is no indication of future performance and should not be the reason for choosing a product.

  • Example based on Police Mutual simulated past performance figures due to product launching in November 2015.
  • Example based on £13,000 initial investment on 1 October 2012 and assumes no withdrawals are made.
  • Investment of £13,000 based on ISA transfer.
  • Performance figures take into account all charges which are applied during the period. Charges may vary.
  • The performance of your own investment will depend on how much you invest, our charges and our investment performance.
  • Your savings can go up and down and you may get back less than you put in when you withdraw your savings.
  • The value of tax benefits depends on your individual circumstances and tax rates or legislation which could change in the future.
  • Our Options ISA is a Stocks and Shares ISA.
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