Individual Savings Account (ISA)

You can currently invest up to £11,280 in a stocks and shares ISA each tax year. Any growth within the ISA is tax efficient.

Collective Retirement Account

The Collective Retirement Account is a registered pension scheme. It offers you the opportunity to accumulate savings while enjoying the tax benefits of pensions. It also provides flexible ways to take retirement benefits, all within the same account.

Collective Investment Bond

This provides a flexible method of investing in funds, with the potential for growth over the medium to long term. You can if you wish take regular withdrawals. The Collective Investment Bond also has certain tax advantages including arrangements for reducing inheritance tax.

Collective Investment Account

The Collective Investment Account is a convenient way for you to hold a wide range of unit trusts and OEICs. This account does not offer tax advantages but is often used by investors who have used up their ISA allowance.

Self-invested Personal Pension (SIPP)

The Skandia SIPP is a tax-efficient, registered personal pension scheme. A SIPP is a type of personal pension suitable for people who need a wider investment choice than collective funds only, such as commercial property, land and stocks and shares. Our SIPP is administered by A.J. Bell Limited and through it you can invest in a Skandia Investment Solutions Collective Investment Account.

The following products are for specific pension and financial planning needs, including life assurance. They are not available on the Skandia Investment Solutions platform.

The Skandia Personal Pension (series 6)

This is a tax-efficient registered pension scheme that helps provide for your retirement. As well as contributions made by you and/or your employer, it can also accept transfer payments from other UK registered pension schemes or overseas pension schemes approved by Skandia. Payments made into your Personal Pension build up a fund that can provide a tax-free sum and an income for you in retirement.

Maximum Investment Plan

This tax-efficient investment product requires regular payments for at least ten years. It provides a lump sum at the end of the savings term, free of tax. It can be highly tax-efficient supplement to other long-term investments, such as pensions.

Skandia Protect (Life assurance)

This flexible life assurance plan has the option to include permanent disability cover at the outset. You can adjust the amount of cover you need over periods from a few years to whole life.

The Skandia Plan (unit-linked life assurance)

Unlike traditional life cover policies, the Skandia Plan invests part of your regular premiums in unit-linked funds. This gives the Plan the potential for investment growth as well as life cover. The Plan provides a cash sum on death. It can be used for inheritance tax planning, when written into a suitable trust.