Full product details for the Skandia MultiFUNDS Ltd SIS ISA savings account, including application criteria, introductory rates, rates, isas, children's savings, over 50s isas, account access, account management, fees & charges, business accounts and structured investment plan.
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The initial charge of 4.5% is deducted from each contribution made and the balance is allocated to the funds selected. Commission can be sacrificed on a 1:1 basis making the standard initial charge lower. There are also fund manager initial charges applicable covered in the 'bid/offer' spread.
ISA Annual Fee
up to £68.50
ISA Transfer In Fee
no
There is no additional fee for transfers in but they are subject to receiving a net amount of at least £2,500 after any exit charges and/or penalties have been applied by the transferring ISA manager.
ISA Transfer Out Fee
no
Full Transfers out are allowed. Partial surrenders are allowed subject to a fully completed form and subject to leaving a minimum residual value of £1,000. Normal surrender terms apply. No additional transfer fee payable. There is currently no charge for Transfers-Out.
Minimum Initial Investment
£99
99
Application Criteria
Permanent UK Resident
yes
This product is only available to individuals who are permanent UK residents.
Minimum Monthly Investment
£99
The minimum monthly premium is £99.
Minimum Lump Sum Stocks & Shares ISA Investment
£2,500
The minimum lump sum investment is £2,500.
Minimum Initial Investment
£99
99
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