Save And Invest Products Select Account 1360X784

Select Account

Our simple, onshore investment bond

Sanjay’s story

Supporting grandchildren through university

Next story
Select Account Sanjay 1284X580rgb

Sanjay’s goals

Sanjay retired last year with a final salary pension. He received a lump sum of £160,000, which he decided to put in a savings account. Sanjay wants to invest this money, so that he can get a better return and generate a tax-efficient income, which he can use to help put his two grandchildren through university. Even though Sanjay doesn’t need this money now, he wants to be able to access it whenever he needs to.

Enjoy tax-efficient payments

After talking to an adviser about his goals and the level of risk he’s comfortable with, Sanjay decides to invest his £160,000 through our Select Account. With the Select Account, Sanjay can withdraw yearly or termly amounts to help fund his grandchildren’s university fees and top up his pension income if he needs to.

As it’s an investment bond, Sanjay can withdraw up to 5% of the original investment each year without paying any extra tax on it straight away. If he doesn’t withdraw the whole 5% allowance, it simply carries over. So, if he only withdraws 3% in one year, he can withdraw 7% the following year – and so on.

Simple investing

Sanjay likes the Select Account’s clear and simple charging structure. He also wants to enjoy his retirement without having to manage his underlying investment. For this reason, Sanjay decides to invest in our risk-managed fund range – knowing they’re managed to match the level of risk he’s happy with.

Supporting his family

After 10 years, Sanjay’s grandchildren are at university age and his original investment of £160,000 has made some profit. Sanjay now decides to set up regular withdrawals from his account, which he can use to help pay for his granddaughter’s university fees. His grandson has decided not to go to university, so Sanjay gives him a lump sum towards the deposit on his first home. 

What are the risks?

The value of your investment can go down as well as up and you may get back less than you invest. The way investments performed in the past is not a guide to how they’ll perform in the future.

Tax rules depend on individual circumstances and may change. Speak to an adviser, if you need more information on tax.

Ctas Default Product Details Client Stories CPD CTA 864X480

CPD training

Discover a range of online tools and resources to help you support your clients. For advisers only.

Learn more
Ctas Default Product Adviser Resources Tech Support CTA 864X480

Meet the ican team

Award winning pre-sales technical help & guidance. For advisers only.

Learn more
Ctas Default Product Adviser Resources Contact Us CTA 864X480

Get in touch

Call customer services

0345 606 0708
+44 1707 651 122

or send an email

Call sales

0345 300 3199

or send an email

Monday – Friday 9am to 5pm

Other contacts