Terms and Conditions of the MPFS ISA
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Key Features
- Individual Savings Account (ISA)
- Aims, Commitment & Risks
- Questions and Answers
- Other Information
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Personal Illustrations
- Personal Illustration (Lump Sum)
- Personal Illustration (Regular)
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Application Forms
- Application Form for Officers/Staff (90KB)
- Application Form for Partner/Relatives (67KB)
- Transfer Application Form (69KB)
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Additional Information
- Terms And Conditions
- How We Manage the With-Profit Fund
- Direct Debit Mandate Form...
- Brochure (3788 KB)...
- Contact us for further information
Assignments or Loans
This ISA investment will be, and must remain in, the beneficial ownership of the investor and must not be used as security for a loan. Therefore, you cannot take out this ISA for or on behalf of anyone else, and you cannot assign the ISA to anyone else (e.g. by way of a mortgage, divorce settlement, ordinary assignment or as a gift).
Delegation of MPFS duties
We will satisfy ourselves that any person to whom we delegate any of our functions or responsibilities under the terms agreed with the investor is competent to carry out those functions and responsibilities.
Voiding the ISA by mistake
We must notify you if, by reason of any failure to satisfy the provisions of the ISA regulatons, an ISA has, or will, become void.
Transfers to another ISA provider
On your instructions and within the time you stipulate (subject to a minimum period of 30 days), an ISA or part of an ISA shall be transferred to another ISA manager. Our MPFS ISA will consist of a set of separate "certificates", each with its own individual "certificate number". We give the contributions made in any tax year and any increases during a tax year a separate certificate number. We normally make transfers on the Wednesday following the end of the week in which we receive all completed documents, except where there are intervening Bank holidays affecting clearing banks' systems.
Cashing in your ISA
On your instructions and within the time you stipulate (subject to a minimum period of 30 days), an ISA or that part of an ISA which relates to any set of whole certificates, shall be transferred or paid to you. Your MPFS ISA will consist of a set of separate "certificates", each with its own individual "certificate number". We give the contributions made in any tax year and any increases during a tax year a separate certificate number. We normally make all payments on the Wednesday following the end of the week in which we receive valid written instructions, except where there are intervening Bank holidays affecting clearing banks' systems.