Investment Control

Refresh your knowledge

Looking for information about your Investment Control bond? You’ll find it right here. If there’s anything else you need to know, speak to your financial adviser or get in touch with us on:

Phone - 08456 10 00 10
Fax – 0131 549 4220
enquiries@aegon.co.uk

Do I have to cash in my bond after a set time?
Can I change the funds I’ve invested in?
What’s the annual management charge (AMC) for the funds that I can invest in?
Can I check how my bond is performing?
Can I withdraw money from my bond?
How does the protected investment option work?
I chose the protected investment option - how much does this cost?
Are there any limits on how much money I can withdraw?
Can I cash in my bond at any time and will I be charged for doing so?
What happens to my bond if I die?

Do I have to cash in my bond after a set time?

No, with Investment Control you’ve got it as long as you need it.

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Can I change the funds I’ve invested in?

Yes, you can change the funds you’ve invested in at any time – up to 12 times a year free of charge. All you need to do is fill in the Switch instruction form in your Welcome Pack and send it back to us. We’ll do the rest. If you don’t have this form, let us know and we’ll arrange for the funds to be changed. When switching funds all we ask is that you keep at least £250 invested in each fund.

We suggest you speak to your financial adviser before you switch funds.

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What’s the annual management charge (AMC) for the funds that I can invest in?

Follow this link to view the current AMC on the funds available.

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Can I check how my bond is performing?

We’ll send you a yearly statement to keep you updated on how your bond is doing. You can also check its performance using our secure online Bond View facility.

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Can I withdraw money from my bond?

Yes, you can make regular withdrawals monthly, quarterly, half-yearly or yearly. You can also make one-off withdrawals. Remember that taking money from your bond will affect its value.

Remember that taking money from your bond will affect its value.

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How does the protected investment option work?

If you choose the protected investment option, we guarantee to give you back the amount you’ve invested, less any withdrawals you’ve taken:

• from day one upon the death of the last person covered, and
• on cash-in, from year five

Then, on the tenth anniversary of the investment, and every five years after that, if your fund value is greater than the amount you’ve invested less any withdrawals, we’ll set this as the new higher guaranteed amount.

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I chose the protected investment option - how much does this cost?

The protected investment option has an additional fee, which varies depending on the funds selected. The table below shows the charges.

Fund	Yearly fee
Cash	0.25%
70/30 Core portfolio	0.5%
60/40 Core portfolio	0.75%
50/50 Core portfolio	1%
40/60 Core portfolio	1.5%
70/30 Multi-manager portfolio	0.5%
60/40 Multi-manager portfolio	0.75%
50/50 Multi-manager portfolio	1%
40/60 Multi-manager portfolio	1.5%

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Are there any limits on how much money I can withdraw?

The minimum regular withdrawal is £40 a month or £100 for all other frequencies.

You can withdraw of up to 5% of your initial investment each year without paying tax straight away. If you don’t use your 5% allowance in any one year, you can carry it forward to following years (your maximum withdrawal allowance is 100% of your initial investment, which you can take over the lifetime of your bond).

Even if you withdraw more than the amount you can take each year without paying tax, you can make a one-off withdrawal and the rest of your investment can continue to benefit from any growth. The minimum amount for a one-off withdrawal is £250. If you withdraw more than 7.5% a year in the first five years, we might charge you. Your plan schedules enclosed with your Welcome Pack will show any charges that may apply.

If you’ve chosen the protected investment option, you can withdraw up 7.5% a year over all policies held within your bond. If you need more than 7.5%, you’ll have to cash in full policies held within your bond. This information is based on our understanding of current taxation law and HM Revenue and Customs practice, which may change.

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Can I cash in my bond at any time and will I be charged for doing so?

You can cash in your bond at any time but we might charge you for cashing in your bond in the first five years. Please take a look at your plan schedules enclosed in your Welcome Pack.

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What happens to my bond if I die?

If there are additional people covered, the bond can continue until the death of the last person covered. If you’re the only or last person covered by the bond, we’ll pay out 100.1% of the cash-in value at the date of death. If you have chosen the protected investment option, the death benefit is guaranteed.

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