- Invest a single lump sum, in a wide range of funds, with the flexibility to invest for 'income', growth or both. The 'income' is in relation to cash withdrawals from the bond. All withdrawals from the bond are capital payments.
- No fixed end date allows for potential long-term growth.
- Clients can choose to invest within the Guaranteed Selection of funds, which provide different levels of growth potential and guarantees.
- Clients can choose from a range of over 200 funds managed by our fund managers at Aviva Investors or by other investment companies.
- Clients can actively control their investment by switching funds, or by taking regular or one-off withdrawals at any time.
- Potential tax benefits for your clients, depending on their current personal circumstances. These benefits or rates of tax may change in the future.
- The bond can be written under trust to help minimise inheritance tax liability.
- Easy to apply online – and you receive an extra 0.25% commission for online applications.
Further information can be found in our Portfolio Key Features Document (pdf).
When considering investment in Portfolio it is important to remember that the value of investments can go down as well as up and investors may not get back what they put in.
Please note: For investments in the With-Profit Fund we may apply a Market Value Reduction (MVR) to protect investors during periods when investment returns are poor. An MVR is designed to ensure that all of your clients investing in with-profits receive a fair share of the fund's performance and those remaining in the fund are not disadvantaged when others leave.
| Criteria | Minimum/Maximum | Detail | Notes |
|---|---|---|---|
| Payments | Min. single payment to start the bond | £5,000 | |
| Max. payment | £1 million |
This maximum limit applies only to investments in the With-Profit funds.
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| Withdrawals | Min. regular withdrawal | £50 overall and £20 from each fund that a withdrawal is being made from |
An early exit charge is applied to regular withdrawals above 7.5% per annum of the original investment and any one-off withdrawals, during the first five years. This charge depends on the number of years invested.
|
| Max. annual withdrawal | 20% of original investment |
An early exit charge is applied to regular withdrawals above 7.5% per annum of the original investment and any one-off withdrawals, during the first five years. This charge depends on the number of years invested.
| |
| Term | Min/Max. term | None |
This bond should be seen as a long-term investment, which is considered to be 10 years or more. There is an early exit charge if all or part of the bond is cashed-in within the first five years
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| Funds | Range of funds available | over 200 funds available |
The range of funds includes Aviva’s With-Profit Fund, managed, distribution, sustainable future and ethical funds as well as the Guaranteed Selection of funds. There are also a range of funds provided by external fund managers.
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| Fund switching | Unlimited free switches |
Here are the charges for Portfolio. Further details on the types of charges can be found in the Portfolio Information Pack.
| Type of charge | Detail | Notes | |
|---|---|---|---|
| Portfolio level option charges: | Investment amount | 97-100% |
This is the amount of your client’s payment to us which is used to buy units in their chosen funds. The investment amount depends on the client's age. |
| Annual management charge | 1.25-1.75% p.a. | The management charge is taken by cancelling units and is a percentage of the amount invested. | |
| Additional fund charges | 0.00 – 1.85% p.a. | Additional charges may apply for some of the funds available. These may include an Extra Management Charge and a Fund Management Expense Charge:(FMEC). FMECs may vary from year to year. | |
| Early exit charge | Year 1 – 10% Year 2 – 7% Year 3 – 4% Year 4 – 2% Year 5 -1% |
An early exit charge is applied to regular withdrawals above 7.5% per annum of the original investment and any one-off withdrawals, during the first five years. This charge depends on the number of years invested. |
| Type of charge | Detail | Notes | |
|---|---|---|---|
| Portfolio step down option charges: | Investment amount | 97-100% | This is the amount of your client’s payment to us which is used to buy units in their chosen funds. The investment amount depends on the client’s age. |
| Administration charge | £0-£9,999 - 1.00% p.a. £10,000+ - 0.5% p.a. |
The charge depends on the amount invested. This charge only applies in the first five years. | |
| Annual management charge | 1% | The management charge is taken by cancelling units. | |
| Additional fund charges | 0.00 – 1.85% p.a. | Additional charges may apply for some of the funds available. These may include an Extra Management Charge and a Fund Management Expense Charge:(FMEC). FMECs may vary from year to year. | |
| Early exit charge | Year 1 – 11% Year 2 – 8% Year 3 – 6% Year 4 – 3% Year 5 -1% |
An early exit charge is applied to regular withdrawals above 7.5% per annum of the original investment and any one-off withdrawals, during the first five years. This charge depends on the number of years invested. |
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Designed for clients who |
Not designed for clients who |
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* This is relation to cash withdrawals from the bond. All withdrawals from bond are capital payments. |
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Key considerations |
Possible alternatives |
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